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RONGTAI INTERNATIONAL GROUP HOLDINGS LIMITED (RIG)


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General Information
Company Name: Rongtai International Group Holdings Limited
Stock Code: RIG
Website: www.rtholdings.com.au
GICS Sub-Industry: Steel
Market Cap ($M): 8
Equiv. Shares (M): 231

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.033 $ 0.033 $ 0.033 $ 0.033 $ 0.032 25,000 $ 0.001  3.125 %

Company Overview

Business Description:
Rongtai International Group Holdings Limited (RIG) is a steel trading company based in China. RIG sources and purchases raw materials, semi processed and finished steel products; manages logistical requirements by ship, rail and road; warehouses products at its facilities; manages any and all processing requirements; and manages logistics and delivery of the final product to customers. The entire process is achieved via RIG’s ecommerce trading platform.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 2.1 0.9 -76.3 21.2 0.0 0.0 --
2011  A 6.8 3.8 -- 6.0 0.0 0.0 --
2010  A 0.0 0.0 -- -- 0.0 -- --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Arrium (ARI) $1,200 M 0.8085 -0.4048 0.4524 4.2857 7.2010 4.9580 0.0678 0.0547 0.0679
BlueScope Steel (BSL) $2,853 M -- -- 10.3612 -- 225.1101 19.8139 0.0000 0.0000 0.0000
Fortescue Metals (FMG) $10,743 M -0.1939 0.1601 0.4658 7.8037 6.7265 4.5890 0.0232 0.0166 0.0188
Independence Group (IGO) $715 M 1.1920 -0.6934 1.0778 7.7078 25.1433 12.1009 0.0098 0.0065 0.0222
Rongtai International Group (RIG) $7 M -0.7650 -- -- 3.5556 -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
RIG -- 3.67 0.24 -- 0.05
Market 1.13 13.2 0.92 2.50 2.58
Sector 0.56 8.96 0.71 1.83 6.67

Directors
Name Position Start Date
Mr Lin Jie Executive Chairman,Executive Director   
Ms Xueping Liu Executive Director 18 April 2011
Mr Jiang Yibiao Non-Executive Director   
Mr Yang Liu Non-Executive Director 16 May 2013
Mr Yi Ji Xiao Non-Executive Director 26 April 2013
Mr Guangbin Zhang Non-Executive Director 09 May 2013

Management
Name Position
Vincent Zhi Qing Zhu Company Secretary

Substantial Shareholders
Holding Name
25,620,000 (11.10%) Fujian Cross-straits Investment Limited
139,020,000 (60.21%) Jie Lin
31,500,000 (13.64%) Bright Star Capital Investment Limited

Calendar of Events
Date Event
27 February 2014 Report (Interim)
17 December 2013 Report (Annual)
27 September 2013 Report (Annual)
29 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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