You shld know that beer and chinese wine are cheaper than coke and other soft drinks? That's chinese style ... where local alcohol and cigarettes are cheap due low taxes. So too is their business. Cheers!
Agree that the quarter results are needed for comparison re margins, expenses etc, otherwise investors have to make their own tedious calculations. Why can’t SGX make it compulsory to include quarter results as several S-Chips also do not include this in their final quarter reports.
In this case , Port is correct that Dukang’s Powerpoint presentation provided the quarterly revenue/profits but most S-Chips do not make such presentation. I am not vested, but interesting to note that the 1Q nett margin is 15.1% vs 5.4% in 4Q.
Port – I based my facts on the “Full Year Results Financial Statement And Related Announcement” which would normally show the latest quarterly results together with the cumulative quarterly results. Companies that failed to incorporate the latest quarterly results for comparison purpose, especially if it is not good, may well have a motive for doing so.
For good wine in china it is not cheap. Like Guizhou maotai good one 500ml can go up to S$5000 easily, similar to wu liang ye, and other bland top few wine. As for Du Kang, in ancient time it may be the top ten, but nowadays it have drop below the top 20 also, not so popular and the price is also not even 1/100 of the maotai or Wu liang ye.