Merrill Miller - China Resources Independent Director

CHK Stock  EUR 4.30  0.06  1.42%   

Director

Mr. Merrill A. Miller, Jr., serves as Independent Director of the Company. Mr. Miller is Executive Chairman of NOW Inc., an international distributor of energy and industrial products, since May 2014. Previously, he served as President and Chief Executive Officer of National Oilwell Varco, Inc., a supplier of oilfield services, equipment and components to the worldwide oil and natural gas industry, from 2001 to 2014 and as Chairman and Chief Executive Officer of NOV from 2002 to 2014. Mr. Miller joined NOV in 1996 as Vice President of Marketing, Drilling Systems and was promoted in 1997 to President of the companys products and technology group. He was named President and Chief Operating Officer in 2000, elected President and Chief Executive Officer in 2001 and also elected Chairman of the Board in 2002. Mr. Miller served as President of Anadarko Drilling Company from 1995 to 1996. Prior to his service at Anadarko, Mr. Miller spent 15 years at Helmerich Payne International Drilling Company in Tulsa, Oklahoma, serving in various senior management positions, including Vice President, U.S. Operations. Mr. Miller serves as Vice Chairman of the Board of Directors of Transocean Ltd., a provider of offshore contract drilling services for oil and gas wells. He also serves on the Board of Directors of the Offshore Energy Center, Petroleum Equipment Suppliers Association and Spindletop International, and is a member of the National Petroleum Council. The Board believes Mr. Millers more than 30 years of management and executive experience in the energy industry and service in multiple leadership positions for DNOW, NOV, RIG and other companies qualifies him to serve on the Board. since 2012.
Age 67
Tenure 12 years
Phone852 2360 9722
Webhttps://www.crbeer.com.hk
Miller graduated from the U.S. Military Academy, West Point, New York in 1972. Upon graduation, he served five years in the U.S. Army and received his MBA from Harvard Business School in 1980.

China Resources Management Efficiency

The company has return on total asset (ROA) of 0.0413 % which means that it generated a profit of $0.0413 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1559 %, meaning that it generated $0.1559 on every $100 dollars invested by stockholders. China Resources' management efficiency ratios could be used to measure how well China Resources manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 200 M in total debt with debt to equity ratio (D/E) of 0.01, which may suggest the company is not taking enough advantage from borrowing. China Resources Beer has a current ratio of 0.67, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist China Resources until it has trouble settling it off, either with new capital or with free cash flow. So, China Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like China Resources Beer sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for China to invest in growth at high rates of return. When we think about China Resources' use of debt, we should always consider it together with cash and equity.

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China Resources Beer Company Limited, an investment holding company, manufactures, distributes, and sells beer products under the Snow and Heineken brands. China Resources Beer Company Limited is a subsidiary of China Resources Company Limited. CHINA RES operates under BeveragesBrewers classification in Germany and is traded on Frankfurt Stock Exchange. It employs 27000 people. China Resources Beer (CHK) is traded on Frankfurt Exchange in Germany and employs 25,000 people.

Management Performance

China Resources Beer Leadership Team

Elected by the shareholders, the China Resources' board of directors comprises two types of representatives: China Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of China. The board's role is to monitor China Resources' management team and ensure that shareholders' interests are well served. China Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, China Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Thomas Ryan, Independent Director
Chris Doyle, Senior Vice President - Operations, Northern Division
John Lipinski, Independent Director
Merrill Miller, Independent Director
Vincent Intrieri, Independent Director
David Hayes, Independent Director
Chunyi Fu, Managing Ltd
Gloria Boyland, Independent Director
Xiaohai Hou, CEO Director
Brad Martin, Non-Executive Chairman of the Board
Qiang Wei, CFO Director
Cathlyn Tompkins, Senior Vice President - Information Technology and CIO
William Buergler, Senior Vice President Chief Accounting Officer
Robert Lawler, President, Chief Executive Officer, Director
Dayong Cheng, Gen Department
Christopher Doyle, Executive Vice President - Operations, Northern Division
Archie Dunham, Independent Non-Executive Chairman of the Board
Longshan Zhou, Managing Limited
Frank Patterson, Vice President - Exploration, Land and Subsurface Technology
Robert Martin, Chairman of the Board
Tan Tse, Gen Department
Weiyong Wang, VP
Frederic Poses, Independent Director
James Webb, Executive Vice President, General Counsel, Corporate Secretary
Xianliang Wang, Chief VP
Wai Leung, Company Sec
R Martin, Chairman of the Board, Director
Leslie Keating, Independent Director
Dan Zhu, Pres Ltd
Luke Corbett, Independent Director
Mark Edmunds, Independent Director
Michael Johnson, Senior Vice President - Accounting, Chief Accounting Officer, Controller
Louis Raspino, Independent Director
Mikell Pigott, Senior Vice President- Operations, Southern Division
Kimberly Querrey, Director
Domenic DellOsso, Chief Financial Officer, Executive Vice President

China Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is China Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards China Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, China Resources' short interest history, or implied volatility extrapolated from China Resources options trading.

Pair Trading with China Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against China Stock

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The ability to find closely correlated positions to China Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Resources Beer to buy it.
The correlation of China Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Resources Beer moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Resources Beer. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for China Stock analysis

When running China Resources' price analysis, check to measure China Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Resources is operating at the current time. Most of China Resources' value examination focuses on studying past and present price action to predict the probability of China Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Resources' price. Additionally, you may evaluate how the addition of China Resources to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between China Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if China Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.