Global Hunter Securities Starts SOKO Fitness & Spa Group (SOKF) at Buy Click here to find out more! More News related to SOKF
* Global Hunter Securities Starts SOKO Fitness & Spa Group (SOKF) at Buy * SOKO Fitness & Spa Group Expands Presence in Core Market with Three New Facilities Under Operation
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More News related to New Coverage January 4, 2011 10:46 AM EST
Global Hunter Securities initiates coverage on SOKO Fitness & Spa Group (OTC: SOKF) with a Buy. PT $7.
Global analyst says, "SOKF is a leading fitness and spa business in northeast China. It operates nine fitness centers, 14 beauty salon & spas, and one beauty school to serve approximately 24,000 fitness members and 25,000 spa customers. The unique business model includes cross-selling fitness and spa services and primarily targeting mid- to high-end consumers. During the last three years, the company has grown revenue at a CAGR of 59% while maintaining high profitability with 64%-69% in gross margins and 33%-36% in net margins. With strong cash flow and a healthy balance sheet, the company plans to open 16 facilities in FY11 and 20-25 facilities in FY12 with a goal of operating 85-90 facilities by FY13. We like the market potential of the sector and SOKF’s consistent strong execution."
For more ratings news on SOKO Fitness & Spa Group click here and for the rating history of SOKO Fitness & Spa Group click here.
Shares of SOKO Fitness & Spa Group closed at $4.25 yesterday, with a 52 week range of $2.15-$4.94.
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