SINGAPORE (Nov 26): PhillipCapital has started coverage on Chinese department store Zhongmin Baihui Retail Group with a “buy” call and target price of $2.10, on expectations that the debt-free, cash-rich company’s expansion plans will bring about stronger earnings.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply