Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Meidong H1 2016 :  Not Exciting, But The Catalysts and Value Is Still There

China Meidong (1268 HK): MIT Graduate Leading Car Distributor to Success in China's Tier 3/4 Cities

China Meidong (1268 HK): Confirms Optimistic View of 2017

Meidong: The Next China Auto Dealer to Be Acquired?

Kelusa Asia Focus Funds

Equity Bottom-Up

<p><strong>1. Flat YoY  profit (taking into account the one-off for compensation to bond holders )  of 115 mn RMB . This is inline with my expectations as mentioned in my earlier note which i have forked which was written prior to the results) . I stick with my earnings estimates for FY16 of 140 mn RMB owing to expansion in the dealership base, which will result in earnings being uplifted from the 2015 levels. With a valuation of 6.4x FY16 , the stock is cheap and is a very good acquisition candidate for</strong>…</p>

1. Flat YoY  profit (taking into account the one-off for compensation to bond holders )  of 115 mn RMB . This is inline with my expectations as mentioned in my earlier note which i have forked which was written prior to the results) . I stick with my earnings estimates for FY16 of 140 mn RMB owing to expansion in the dealership base, which will result in earnings being uplifted from the 2015 levels. With a valuation of 6.4x FY16 , the stock is cheap and is a very good acquisition candidate for…

China MeiDong Auto

Meidong 2015 Results Key Observations