Hengan International plans to develop selling channels

BNP said in a report the managing team of Hengan International (1044) had informed it that the group saw growth in its first-four-month turnover, which mainly came from the baby paper diaper business, while its feminine napkin business fell down. As a result, the group planned to develop new selling channels, such as new style supermarkets.

BNP said it would maintain the rating of Hengan International at ˇ§be in line withˇ¨ unless the company could find proper overseas companions or propose comparatively active expanding strategies. It also noted that Hengan would be affected by the intensified competition and thus lower its profit growth.

Besides, the fund house expected the net profit of the company till late 2001 to be HK$0.221 per share, up 5.24% vs 2000.

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