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Dali is the first company in the Philippines to pioneer hard discount retailing in the country, with a focus on underprivileged communities as its primary market. Its stores are leanly staffed , often with just two cashiers and no baggers, which helps reduce labor and stocking costs.
The stock of Dali Foods Group Co (HKSE:03799, 30-year Financials) appears to be modestly undervalued, according to GuruFocus Value calculation.
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The company was founded by Xu Shisui in 1989 in Quanzhou. [3]In 2004 it began construction of a biscuit processing plant in Changchun, Jilin Province.The total budget for construction of the factory was 19 million euros, with the first phase of the project accounting for 11 million euros and the second phase, consisting of eight production lines, accounting for the remainder.
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The primary exchange of the country for all sectors is the Philippine Stock Exchange. PDEx is licensed by the Securities and Exchange Commission (SEC) as an Exchange under the provisions of the Securities Regulation Code (SRC). It acts as an electronic trading platform for the Philippine peso and the United States Dollars. [2]
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To make a trade, an investor had to know the current price for the stock. The investor got this from a broker who could find it on his board. If the last trade (or the stock itself) had not made it to the board (or there was no board) the broker telegraphed a request for the price to that firm's "wire room" in New York.