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as previously indicated, PFood experience a major selldown. if support of 0.83 does not hold, further downside is expected.
http://sgsharemarket.com/home/2011/02/pfood-major-selldown/
bearish trend reversal confirm. PFood selldown.
http://sgsharemarket.com/home/2011/02/pfood-selldown/
PFood Dark cloud cover (bearish pattern) spotted. watch the trend for potential reversal tomorrow.
http://sgsharemarket.com/home/2011/02/pfood-bearish-reversal-pattern-spotted/
Thanks for advice, managed to enter at 0.82, may take some profit tomorrow. Looks real good today. 
vonntan ( Date: 01-Feb-2011 23:27) Posted:
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PFood negated it's 2 berish candlestick patterns today and soar upwards. super bull.
it may be a good idea to take some profit off tomorrow as it's CNY comng up.
http://sgsharemarket.com/home/2011/02/pfood-resume-uptrend/
PFood triggered 2 hanging man 2 days in a row. perhaps this is an indication that the tide is taking a turn already.
http://sgsharemarket.com/home/2011/01/pfood-hanging-man/
PFood is currently resting well at support for 3 consecutive days. with strong buying pressure, this counter has a chance of going higher.
http://sgsharemarket.com/home/2011/01/pfood-at-support/
People's Food down at multiyear low possibly on concerns China-based frozen meat supplier may report weaker results following rival United Food's warning of 3Q08 loss. Latter says it expects loss due to higher cost of soybeans, ingredient used in feed for pigs. "If the higher costs are sustainable, feed cost will definitely trend up. But I haven't heard anything in particular about People's Food, although overall sentiment in S-shares has been very, very weak. The melamine scare (in China) is also weighing on F&B stocks in general," says local house analyst. United Food shares not as severely hit, down, possibly because smaller-cap stock not as actively followed (People''s Food market cap at more than $500 million vs about $90 million for United Food).
Or isit due to shortist at work, due to China milk problem?.
| PFood | 0.750 | 0.480 | -0.285 | -37.3% | 3,960,000 | 12,000 | 0.480 | 0.490 | 25,000 | 0.765 | 0.425 |
PF is not the only one to fall today. Keppel TT is falling and this company Richland also fell by 50%!!
Low volume, big fall.....Do all this have to do with the closing Q and margin call ?
Look like a margin call event again of a sub. holder. Just like Keppel T&T ??
not my fault....i DINshort this hor ! :P
Singapore-listed People's Food Holdings was down 0.280 sgd or 36.6 pct to 0.485 sgd in early trade.
Food and beverage companies have been hit recently by worries that the tainted-milk scandal on the mainland will result in tighter regulations, analysts said.
Food and beverage companies have been hit recently by worries that the tainted-milk scandal on the mainland will result in tighter regulations, analysts said.
This one is another corruption case?
12.27pm - $0.825
12.30pm - $0.750
In 3 minutes, this counter had dropped 8¢ about 10% of last traded price. Besides, it's a illiquid counter, which usually have low volume trading. Realised the drop per bid was a sell off of 4-5 lots only. Not vested, just got excited when I see things changes at a lightning speed.
CIMB report. But Templeton AM has trimmed its stake.
Better times ahead. 1QFY08 net profit of Rmb 142m represented 21.1% and 22.5% of our and consensus FY08 forecasts, in line with our expectations. Turnover grew 10.8% yoy despite a drop in sales volume due to the supply shortage and the closure of the Dezhou plant. Although gross margin shed 4.7%pt yoy to 8.3% due to higher procurement costs, this already represented a big improvement from 2QFY07 when tight hog supply forced closure of its Dezhou plant, a move that cut its production capacity by 30%.
Gross margin showed sequential improvement from 7.0% in 4QFY07 to 8.3% in 1QFY08 on better pass through of higher costs and higher contribution of downstream products from 29% of sales in 4Q07 to 33.5%. The group has also made good progress in boosting its fresh pork sales whose contribution to sales rose from 19% in 4Q07 to 22.8% while frozen pork contribution declined from 31.8% to 27% in 1Q08. Pretax margins expanded for all except for HTMPs likely due to weakness in gross margin as a result of higher hog prices. HTMP market remains the most competitive where ASP increases are more difficult to implement.
Expect better sales and profitability as hog supply improves. Dezhou plant recommenced operation in March as hog supply improves. As a result we expect slaughtering volume to pick up starting 2Q. That said, we maintain our view that hog supply will only increase materially in 4Q08 hence live hog prices are likely to hover at high levels in the near term. We expect the group to continue strengthening its fresh pork and LTMP business which is positive for its long term growth.
Maintain Outperform with an unchanged target price of $1.31. The share price has risen only 7.4% since our upgrade to outperform in Mar after the group released its FY07 results. We believe current share price does not reflect Pfood's earnings recovery, thus we maintain our Outperform recommendation. We continue to value the stock using discounted cash flow (WACC 13.5% and LTG 2%) which gives a target price of $1.31, equivalent to 9.4x CY09 P/E.
1Q08 FS
profit RMB$142,277,000 (drop 37.4% vs 07)
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_96246610346E6C7C48257442000B52F6/$file/PFood-1stQtr-Results.pdf?openelement
Humulus, care to share what advise she had given you?
Thank you for Christine Peng of Lehman brothers. She has given me an insightful foresee instead. People food has shown sign of turning around lately. I start accumulating this counter.
I agree with Ranger. We are having food inflation now