Like I said years ago.
No I know why competitors like Vips have such great numbers and Dang doesnt. They are cooking the books. At least Dang looks real and honest with 5 million profit instead of Vips 50 million.
Again, no pr from the company itslf, the lack of willing to inform investors is anoying.
Chinese e-commerce company DangDang, Inc. has launched a campaign aimed at promoting parent-child reading and ultimately strengthening the literary culture in the country.
The campaign titled "Parents and Children Read for 21 Days," was launched on Tuesday, April 21, in Beijing. Throughout the duration of the campaign, DangDang will engage in up to 1,000 reading activities to promote literacy across the country.
Bought them at 18,40, they still made tens of millions of profit, look at their margins compared with Dang.
'Looking at trailing valuations, Dangdang is fairly expensive with a P/E ratio of around 62. This is still fairly modest compared to Vipshop's 129 times trailing earnings. Dangdang's forward P/E is quite a bit more enticing at around 21. Moreover, analysts are expecting big things from Dangdang in terms of earnings growth, with full-year fiscal 2015 EPS projected at $0.45 for a whopping increase of 264%.'
Brean Capital analyst Fawne Jiang noted, "DANG delivered soft 4Q14 results, with both revenue and earnings missing expectations, and provided largely in-line 1Q15 guidance. While DANG has delivered profitability for the fifth consecutive quarter as a result of a steady revenue growth and better cost control, we remain cautious on the company’s overall outlook in 2015 given 1) deceleration of its Marketplace business; 2) declining gross margin outlook; and 3) stepped up investment in mobile and digital content. We believe ecommerce remains a highly competitive industry, and given DANG’s smaller size, the company is still facing headwinds in market positioning and attaining significant scale. We maintain a Hold rating on the name. We could become incrementally more positive if DANG can establish a track record for delivering sustainable growth in earnings over the coming quarters."
Vips is expecting 80 percent more growth for Q1... Dang 28 percent... Vips is growing like hell, wonder why Dang doesnt just copy some of the things Vips does.
Finally some goodquestions, I wondered that too when i read the transcript. What is wondering me even more that no analyst is asking this questions at the conference call. Maybe you could mail IR with your remarks and share this with us?