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1-11 of 11
Hi all,
What happen to this counter? Is it a good buy?
good movement today..moving up..now 2.09..looking good!.. :)
Synear Foods said that a boost in sales of its various dumpling products helped boost its earnings.
Revenue was up 22.1% to RMB 719.9 mln in Q1 2007 thanks to an uptake in savoury dumplings.
Net Profit was also up 79.5% to RMB 193.7 mln thanks to significantly lower costs.
The business generated RMB 354.6 mln in cash from its operations vs. RMB 160.8 mln a year ago.
The company did not declare a dividend for the current financial period.
Analysts' surveyed by Reuters have on average a 'buy' call on the stock with a last traded price of S$2.01 trading flat.
Synear 1qtr results today...price is a bargain now tat its down..
start eating chicken wings .....!!
TA for this baby lookin damn good..
furthermore the 1st QTR results will be out tomorrow...Looking good!... ;p
buy buy buy.......frozen chicken wings! :)
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Synear Food Holdings Ltd: In the sweet spot for growth
Summary: Recently, we visited Synear?s operations in Zhengzhou and Chengdu
to gain a better understanding of its fast-growing business. From its IPO
price of 54 cents, the stock has outperformed the market, especially with
the endorsement from the Beijing Olympic Committee which selected Synear to
be the exclusive supplier of quick freeze food products for the Beijing
2008 Olympic Games. Management outlined a fairly aggressive expansion plan
which will see an almost doubling in its production capacity from 360,000
mt in 2006 to 660,000 mt by 2008. Funding for this expansion plan will come
from the recent placement of shares. With the scaling up of its operation,
Synear is well-positioned to garner a bigger share of the staple food
market. With the introduction of higher margin products such as new savoury
dumplings, management is seeking to differentiate its products further from
its peers and improve margins. Valuation is low vis-à-vis China or
HK-listed consumer stocks, but looks high versus Singapore-based stocks. We
do not have a rating for Synear. (Carmen Lee)
DMG targets $2.88!!!!!FAT!!!FAT!!!FAT!!!CHEONG AH!!!!
Synear has embarked on a course to dominance in the Chinese dumpling market.
Annual production capacity will increase from 360,000MT at end 2006 to 660,000MT by
end 2008, and 900,000MT by 2010. We project net profit CAGR of 31% and EPS CAGR of
24% over 2006 to 2010. BUY for 12-month price target of S$2.88.
they had a placement just recently @ $1.85 to instituitional investors..
and this stock has potential..especially getting the olympics sponsorship deal
Accumulate this stock...
IT's gonna be huge.. vested @ $1.87 $1.9 $1.95 n $2
sit back n watch the show