Another six months are in the books, and little has changed for the better at China Resources Enterprise (OTCPK:CRHKY).
The Chinese food retail environment continues to be a tough one, with
most of the major players seeing their comps turn negative. I believe
CRE remains well-placed to benefit from growth in its beer JV and
beverage business, and I continue to expect management to drive better
long-term results from the Tesco (OTCPK:TSCDY)
joint venture. In the meantime, though, it will be hard for these
shares to get ahead while the Chinese food retailing market remains weak
and while investors remain concerned over the near-term losses that CRE
will absorb from the Tesco JV.
Follow this link to read the full article:
China Resources Enterprise Languishing Over Short-Term Concerns
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