QUOTE AND NEWS
JCN Network  Nov 6  Comment 
Showa Denko (SDK) (TOKYO:4004) and KH Neochem Co., Ltd. (KHNC) have agreed to dissolve their joint venture, Japan Ethyl Acetate Co., Ltd. (JEA).
The Economic Times  Oct 15  Comment 
The Minister regretted that instead of the Ludhiana industry exporting to other countries as it had all the potential to, things were being imported.
Finance Asia  Oct 3  Comment 
US company Medtronic plans to buy China’s KangHui Medical that makes orthopaedic implants, while Chinese wind company Ralls Corp is ordered to divest its interest in a US wind farm due to national security.
Finance Asia  Oct 2  Comment 
US company Medtronic plans to buy China’s KangHui Medical that makes orthopaedic implants, while Chinese wind company Ralls Corp is ordered to divest its interest in a US wind farm due to national security.
StreetInsider.com  Sep 28  Comment 
China Hydroelectric Corporation (NYSE: CHC) 22.2% HIGHER; Shareholder Group said CHC board members John D. Kuhns, Richard H. Hochman, Shadron Lee Stastney, Anthony H. Dixon and Stephen Outerbridge were replaced with Jui Kian Lim, Moonkyung Kim,...
Benzinga  Sep 28  Comment 
Oppenheimer reiterated its Outperform rating on China Kanghui Holdings (NYSE: KH) and raised its price target from $26 to $30.75 Oppenheimer commented, "Medtronic announced its intent to acquire KH for $816M ($30.75/ADS), a 22.5% premium over...
StreetInsider.com  Sep 28  Comment 
China Kanghui Holdings (NYSE: KH) 21% HIGHER; Acquired by Medtronic for $30.75/ads. Cytori Therapeutics, Inc. (NASDAQ: CYTX) 20% HIGHER; Awarded $106M Contract from U.S. HHS for Thermal Burn Treatment Development Capital Trust, Inc. (NYSE: CT)...
StreetInsider.com  Aug 21  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/China+Kanghui+Holdings+%28KH%29+Reports+Q2+EPS+of+%241.50/7677396.html for the full story.
StreetInsider.com  Aug 21  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/China+Kanghui+Holdings+%28KH%29+Tops+Q2+EPS+by+2c%3B+Boosts+FY12+adj.-Net+Income+Outlook/7677392.html for the full story.




 
TOP CONTRIBUTORS

China Kanghui Holdings (NYSE:KH) makes and markets orthopedic implants. Their products are divided into two main categories - bone fractures and spinal disorders. The bone fracture implants includes plates, screws, and nails, while the spinal implants includes interbody cages, meshes, and spinal screws. China Kangui sells its products to third party distributors who then sell the products to the individual hospitals. The company also sponsors conferences, trade shows, and training session as a marketing tool to increase brand awareness.[1]

KH is focused in China and hopes to expand its sales as the rise in China's middle class increases demand. Currently, the Western Pacific (which includes China), which has 4.8 times the population of North America, but spends only 18% of what North Americans spend on healthcare.[2] According to Frost & Sullivan, China's orthopedic market is expected to grow by a compounded annual growth rate of 18.1%.[3]The company expects to take advantage of the rising income and medical awareness in these regions to drive sales.

The company's initial public offering of stock filed on the NYSE and went public on 11 August 2010. It was priced at $10.25, in the middle of the initial price range of $9.25-$11.25. They did raise $68M by selling 6.675M shares. The lead underwriters of the deal were Morgan Stanley (MS) and Piper Jaffray Companies (PJC) .[4]

China Kanghui recorded a 31% increase in revenue between FY 2008 to FY 2009. Net Income also rose by 25%, or RMB 60 million in 2008 to RMB 75 million in 2009. The company plans to use the proceeds of the IPO to fund new manufacturing facilities, expand their salesforce, and invest in research and development.[5]



References

  1. KH F-1 2010 "Prospectus Summary" pg 1
  2. DMED F-1/A 2010 "Worldwide Prevalence of Diabetes" pg 76
  3. KH F-1 2010 "Our Industry" pg 2
  4. Renaissance Capital "China Kanghui prices IPO at $10.25, midpoint of the range" 11 August 2010
  5. KH F-1 2010 "SUMMARY CONSOLIDATED FINANCIAL DATA" pg 8
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