President Chain Store Corp
2912: XTAI (TWN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| TWD 419.00 | Yspwfm | Tyclbdtjd |
President Chain Store to Focus on Convenience Store Businesses for Top-Line and Profit Growth
Business Strategy and Outlook
7-Eleven is the market leader in convenience stores in Taiwan, with roughly half of the market share by store count. The second-largest player, Taiwan Family Mart, trails by roughly 20 percentage points in share. As the second largest merchandise sales channel in Taiwan, and the largest in 2020 due to covid-19-related restrictions, 7-Eleven remains a crucial retail outlet for packaged food and beverage. We think President Chain Store Corporation has utilized its competitive advantages well to combat rising threats from peers and competing channels.