1. China Xiniya Fashion (XNY) is engaged in the designing and manufacturing of men's business casual and business formal apparel and accessories. It markets its products under the Xiniya brand through its network of 26 distributors and 24 department store chains. The company has over 1,300 authorized retail outlets owned and managed by third parties across China.
For full year 2010, the company reported 33.8% increase in its revenue to $136.3 million, coming in at the higher end of its guidance. Revenue growth was led by a 10% volume growth and a 21.6% increase in average selling price. Net profit soared 29.8% from 2009 levels. Additionally, ahead of its original planned increase of 180-200 new outlets in 2010, the company's authorized retail network added 223 new retail outlets.
Looking ahead, the company estimates revenue for the first quarter to increase by 29% to 39% in local currency, as compared to the year-ago quarter. Earnings per share are seen at 8 to 9 cents. For the first half of 2011, the company guides revenue between 27% and 30% as compared to first half of 2010. Meanwhile, the company plans to increase its retail store count to 180 to 220.All the four analysts covering the stock recommend a buy. Analysts polled by Bloomberg expect the stock to gain an average 79.8% to $8.0 in the upcoming 12 months. >>To see these stocks in action, visit the 8 Consumer Stocks With High Buy Ratings portfolio on Stockpickr.
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