Research from Asian Century Stocks, Asian Century Stocks

Michael Fritzell

Research from Asian Century Stocks

Providing financial journalism in the Asia-Pacific

Asian Century Stocks

Asian Century Stocks is a newsletter providing financial journalism for companies and stocks in the Asia-Pacific. 
The Asian Century Stocks logotype “百” stands for “one hundred” or a “century”. The economic centre of gravity is moving towards Asia. Yet most global investors are missing out.

Equity Bottom-Up

Anxian Yuan China Holdings  / Equity Bottom-Up

<ul>
<li>Chinese cemetery operator with three main assets: the Anxian Yuan cemetery in Hangzhou, the Fushouyuan cemetery in Yinchuan and the Dachenshan cemetery in Niuxin Village, Guizhou Province</li>
<li>The stock is inexpensive at 6.1x trailing P/E with a 13.3% dividend yield that's covered by cash flows. Further, net cash represents 82% of market cap with limited contract liabilities.</li>
<li>Recent tomb sales has been weak for reasons that seem macro related. Other risks are historical share dilution: the 2020 rights issue was under-priced, 85% taken up by the founder. </li>
</ul>


Chinese cemetery operator with three main assets: the Anxian Yuan cemetery in Hangzhou, the Fushouyuan cemetery in Yinchuan and the Dachenshan cemetery in Niuxin Village, Guizhou Province
The stock is inexpensive at 6.1x trailing P/E with a 13.3% dividend yield that's covered by cash flows. Further, net cash represents 82% of market cap with limited contract liabilities.
Recent tomb sales has been weak for reasons that seem macro related. Other risks are historical share dilution: the 2020 rights issue was under-priced, 85% taken up by the founder. 


Hong Kong

Anxian Yuan China Holdings Limited is a holding company. The Company, through its subsidiaries, operates cemetary business.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Anxian Yuan China Holdings (922 HK)

Anxian Yuan (922 HK)

High-quality Chinese cemetery stock at 6.1x P/E and a steady 13.3% dividend yield, though with recent headwinds and occasional share dilution in...

Asian Century Stocks

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)