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this is what happened.. :)
Published July 01, 2013
Sino Grandness to spin off beverage segment in IPO
By
Sino Grandness Food Industry Group is planning to spin off its beverage business segment for a listing on " an internationally recognised stock exchange" , it said on Monday. -- PHOTO: SINO GRANDNESS FOOD INDUSTRY
Sino Grandness Food Industry Group is planning to spin off its beverage business segment for a listing on " an internationally recognised stock exchange" , it said on Monday.
Market reports had speculated that the initial public offer could be in Hong Kong Stock Exchange by 2014.
Its proposal has been met with a no-objection letter from the Singapore Exchange, although it is still subject to shareholders' approval.
Sino's beverage segment is parked under its wholly owned foreign subsidiary, Garden Fresh (HK) Fruit & Vegetable Beverage Co Ltd.
ozone2002 ( Date: 01-Jul-2013 10:24) Posted:
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super fly!! what happened?????
gd luck dyodd
Three Shares That Have Made Investors a Fortune
By Ser Jing Chong - June 3, 2013 | See also: G3BJS5M05S10^STI
Here’s a quick question for you: How much has the Straits Times Index (SGX: ^STI) gained in the last 12 months?
With all the news of big dives in Japan’s Nikkei 225 Index dominating financial media and possible fears of contagion for our local market – given how the STI fell by almost 2% the week before when the Nikkei made a 7% plunge – it can be easy to miss the forest for the trees. So, here’s your answer for some perspective: The index is up more than 20% since 31 May 2012. Hurray!
Investors who had purchased the index through index trackers like the Nikko AM Singapore STI ETF (SGX: G3B) would have been very happy indeed as a 20% annual gain is sizeable any way you slice it.
But, at the same time, there are also a handful of shares that have made annual gains far in excess of what the index achieved. Some have even made gains that are more than 10 times the index’s 20% return.
Let’s take a closer look at three such stocks in particular – Sino Grandness (SGX: JS5), Super Group (SGX: S10) and MTQ Corporation (SGX: M05). They’ve grown by 280%, 140% and 110% respectively and their share price performance along with the STI’s is shown in the graph below.
Source: Yahoo Finance
Sino Grandness, a vegetable and fruit canning company, got listed on the Mainboard exchange in 2009 and since then, had seen its earnings-per-share (EPS) jump by almost three times from S$0.08 in 2009 to S$0.214 in 2012.
Last year was a particularly good one for Sino Grandness as its per-share profits almost doubled from S$0.118 in 2011. The company’s recent first quarter results for 2013 continued the trend of double digit year-on-year earnings growth as quarterly EPS increased by 23% to S$0.052.
Such earnings performances would have gone a long way in propping up Sino Grandness’s share price. If we dig deeper into the other two companies, Super Group and MTQ, we’ll see similar trends as well.
2012 saw Super Group’s EPS increase by almost a third from S$0.111 in 2011 to S$0.142. Meanwhile, the instant beverage manufacturer’s first quarter results for this year saw a 25% bump up in per-share profits from S$0.317 a year ago to S$0.397.
At the risk of sounding like a broken record, here’s how MTQ Corporation, provider of engineering services to the oil & gas industry, performed for its financial year ended 31 March 2013 – EPS grew by 41% from S$0.163 in the previous year to S$0.231.
These three companies saw considerable share price increases, but underneath that, were three businesses that became more valuable as per-share profits grew.
