QUOTE AND NEWS
FX Street  Apr 3  Comment 
Economic Data - (RU) Russia Gold and Forex Reserve w/e Mar 28th: $484.0B v $486.6B prior - (ZA)... For more information, read our latest forex news and reports.
FX Street  Mar 13  Comment 
Economic Data - (ZA) South Africa Jan Mining Production M/M: -1.1% v +6.2% prior; Y/Y: 3.1% v... For more information, read our latest forex news and reports.
FX Street  Mar 10  Comment 
FX A strong US payrolls number, released last Friday, prompted some selling of risky currencies... For more information, read our latest forex news and reports.
FX Street  Mar 3  Comment 
Economic Data - (RO) Romania Feb International Reserves: $34.9B v $36.0B prior - (ZA) South Africa... For more information, read our latest forex news and reports.
StreetInsider.com  Feb 18  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Management+Changes/Zuoan+Fashion+%28ZA%29+CFO+Calvin+Chi+Hon+Tsang+Resigns/9182844.html for the full story.
SeekingAlpha  Dec 20  Comment 
Call Start: 08:30 Call End: 09:14 Zuoan Fashion Ltd (ZA) Q3 2013 Earnings Call December 20, 2013 08:30 AM ET Executives Bill Zima - ICR James Hong - Founder, Chairman of the Board and CEO Calvin Tsang - CFO Wang Chaoshen...
StreetInsider.com  Dec 20  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Zuoan+Fashion+%28ZA%29+Reports+Q3+EPS+of+RMB0.83%3B+Issues+Q4+Outlook/8998670.html for the full story.
StreetInsider.com  Oct 18  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Zuoan+Fashion+ltd.+%28ZA%29+Will+Not+Issue+Comment+on+Unusual+Trading+Activity/8789416.html for the full story.
FX Street  Sep 25  Comment 
Economic Data - (UK) Sept CBI Industrial Reported Sales: 34 v 23e - (ZA) South Africa Q3 BER... For more information, read our latest forex news and reports.
Reuters  Sep 12  Comment 
(For more market insights, including options activity, click on ; for the Day Ahead newsletter http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s)     




 
TOP CONTRIBUTORS

Zuoan Fashion Limited (NYSE:ZA) is a casual mens clothing designer in China. They are the second largest fashion company in China in terms of sales. Zuoan sells its clothes through retail stores operated by distributors with 1,044 stores across 27 of China's 32 provinces. These retail stores are required to sell only Zuoan's products. As of 2009, the company had 5.4% of the market share in terms of sales.[1]

The market for men's fashion wear is growing rapidly in China. The emergence of China's middle class has increased the number of men who can afford and desire fashionable clothing. The market for men's clothing rose from 147.2B RMB in 2004 to 300.3B RMB in 2009. The market is estimated to rise to 627.1B RMB in 2014. This would correspond to a Compounded annual growth rate - CAGR of 15.8%. [2]

The company's initial public offering of stock on the NYSE occurred on February 14, 2011. The company offered 6M shares each for $7. This was well below the initial price range of $10.50-$12.50. This brought the total deal size to $42M. The lead underwriter of the IPO was Cowen & Company.[3]

For the full year 2009, the company's total revenue was $104M, while the net income was $23M. For the first 9 months of 2010, Zuoan reported a total revenue of $92M. For the same period, the company reported a net income of $19M[4]

References

  1. ZA 2011 F-1/A PROSPECTUS SUMMARY "Overview" pg 1
  2. ZA 2011 F-1/A PROSPECTUS SUMMARY "Industry Background" pg 2
  3. Renaissance Capital - IPO Home "Chinese apparel designer Zuoan Fashion prices IPO at $7, below the range" 15 Feb 2011
  4. ZA 2011 F-1/A PROSPECTUS SUMMARY "SUMMARY CONSOLIDATED FINANCIAL AND OPERATING DATA " pg 7
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