Disclaimer: Asian Century Stocks uses information sources believed to be reliable, but their accuracy cannot be guaranteed. The information contained in this publication is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. The opinions expressed in such publications are those of the publisher and are subject to change without notice. You are advised to discuss your investment options with your financial advisers, including whether any investment suits your specific needs. From time to time, I may have positions in the securities covered in the articles on this website. Full disclosure: I hold a position in Best Mart 360 at the time of publishing this article. To reiterate, this post and the below presentation are for informational and educational purposes only － not a recommendation to buy or sell shares.
Best Mart 360 (2360 HK - US$235 million) is a Hong Kong retailer of leisure food with 170 outlets in Hong Kong, Macau and Mainland China. I first heard about the stock from Twitter user “Arena Man Capital” here.
You can think of Best Mart as a mix between a supermarket and a convenience store. It offers most other food, beverage and household products you might need, including grains, confectionaries, snacks, bakery products, wine, dried fruits, nuts, shampoos, etc.
The name “Best Mart 360°” refers to the company’s drive to offer the best quality at the best prices. And on my numbers, Best Mart 360 is significantly cheaper than the competition.
For example, 500 grams of almonds cost only HK$49 compared to about HK$70-80 at ParknShop and Wellcome. A Toblerone costs only HK$10 compared to HK$16-20 at local supermarkets.
){kind=link}