Brokers' take

Zhongmin Baihui Retail Group | Potential gem

Dec 23 close: S1.84

Voyage Research, Dec 23

ZHONGMIN Baihui Retail Group has been growing its revenue at an impressive CAGR (compound annual growth rate) of 59.3 per cent since 2011. With 13 stores strategically located in transport hubs and key residential areas in Fujian and Jiangsu, it's poised for further growth in the next two years.

This is due to: (i) an expansion of the train station near its Wuchun store being close to completion, which may bring about an increase in human traffic around the area, (ii) a repositioning of Nanjing Nanzhan Store to capture growth in development area near Nanjing Railway Station and (iii) a 30 per cent stake in the new logistics centre in Ha…