However, the shoe manufacturer and retailer also has another feature that is fast becoming the norm among Chinese retail plays - high valuations. True, they are not as high as some of the most popular investment objects like sportswear retailer Li Ning or department store operator Parkson Retail, but at around 30 times projected earnings, it is hard to argue that it is cheap.
Still, people close to the offering say feedback...
¬ Haymarket Media Limited. All rights reserved.
