QUOTE AND NEWS
newratings.com  Oct 28  Comment 
LAS VEGAS (dpa-AFX) - Wynn Resorts Ltd (WYNN) Tuesday reported an increase in third-quarter profit, driven mainly on lower expenses and growth in its Las Vegas casinos, offsetting a slide in Macau operations. Quarterly earnings topped Wall Street...
Reuters  Oct 9  Comment 
The Federal Reserve will probably start raising interest rates around the middle of next year, two top officials at the U.S. central bank said on Thursday, although both said the exact timing will depend on the economy.
DailyFinance  Sep 30  Comment 
LAS VEGAS, NV -- (Marketwired) -- 09/30/14 -- Oriens Travel & Hotel Management Corp. (OTC Pink: OTHM) (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, announced today that the Company's newly appointed CEO, Mr. Melvin...
SeekingAlpha  Sep 29  Comment 
By SA Transcripts: Lentuo International, Inc. (NYSE:LAS) Q2 2014 Results Earnings Conference Call September 29, 2014, 08:00 AM ET Executives Christian Arnell - Christensen, IR Jing Yang - CEO Analysts Peter Siris - Hua Mei...
SeekingAlpha  Sep 27  Comment 
By Micro-Cap Gem Finder: Lentuo International (NYSE: LAS) operates eleven franchise dealerships, ten automobile showrooms, one automobile repair shop and one car leasing company. Its brand lineup includes Audi, Volkswagen, Toyota, Honda and Mazda....
DailyFinance  Sep 23  Comment 
LAS VEGAS, NV -- (Marketwired) -- 09/23/14 -- Alkame Holdings, Inc. (OTCQB: ALKM), a health and technology holding company with a focus on patentable, innovative, and eco-friendly consumer products, is pleased to announce it has entered into a...
DailyFinance  Sep 15  Comment 
LAS VEGAS, NV -- (Marketwired) -- 09/15/14 -- Alkame Holdings, Inc. (OTCQB: ALKM), a health and technology holding company with a focus on patentable, innovative, and eco-friendly consumer products, is pleased to announce the release of the...
DailyFinance  Sep 11  Comment 
SES (NYSE Paris:SESG) (LuxX:SESG), SmarDTV, una empresa del grupo Kudelski (seis: KUD.S), y Samsung Electronics Co. Ltd acaban de anunciar que harán una demostración del primer contenido en ultra HD totalmente codificado,...
Forbes  Sep 10  Comment 
50% of companies are unhappy with current marketing tools ability to nurture customer engagement and loyalty NEW YORK and LAS VEGAS  (Sept. 10, 2014) — Sitecore Symposium Las Vegas - A new study by Forbes Insights, in association with...
Reuters  Sep 9  Comment 
The top U.S. communications regulator on Tuesday warned that next year's auction of valuable radio airwaves could be at risk if wireless carriers don't show broadcasters...




 
TOP CONTRIBUTORS

Lentuo International (NYSE:LAS) is China's largest, private automobile retailer in Beijing in terms of revenue from sales of new vehicles. Lentuo runs 6 franchise dealerships, 10 showrooms, a repair shop and a leasing company in Beijing. The metropolitan area of Beijing is the largest market for cars in China. The company relies mostly on new vehicle sales, and in 2009, such sales consisted of 91% of total revenue. The company's repair and maintenance service made up 8.7% of 2009 revenues, and the remaining .3% came from insurance and financing services.[1]

China's automobile industry has grown significantly in over the past 3 years by a compounded annual growth rate of 23.7% in terms of the number new car sales. The continued rise in China's middle class is expected to continue to increase this market. The growth in disposable of income of the average Chinese person is expected to bolster demand for luxury type items like new cars. According to the Chinese Automobile Dealers Association, the number of new car sales is predicted to grow by 10.3% from 2009 to 2010. Because Beijing is the largest metropolitan market for new cars, Lentuo believes it is well positioned to take advantage of this growing trend.[2]

The company's initial public offering of stock on the NYSE occurred on December 9, 2010. The company offered 7.5M ADSs each for $8 each. This was at the low end of the revised range of $8-$10. The company's initial range was $11.5-$13.5. The offering raised $52M. The lead underwriters of the deal were Cowen & Company and HSBC Holdings (HBC).[3]

Lentuo's total revenues in 2010 were $345M. This corresponds to a 25% increase over the 2008 total revenue figure. Despite this growth, the company reported a net loss in 2009 of $64K. This loss was largely due to a write down from discontinued operations. [4]

References

  1. LAS F-1/A 2010 PROSPECTUS SUMMARY "Our Business" pg 1
  2. LAS F-1/A 2010 PROSPECTUS SUMMARY "Industry Background" pg 2
  3. Renaissance Capital - IPO Home "Lentuo International prices IPO at $8, the low end of the revised range" 10 Dec 2010
  4. LAS F-1/A 2010 PROSPECTUS SUMMARY "Summary Consolidated Financial and Operating Data" pg 10
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki