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FYI: China Milk IPO news extract Revenue 2005 : 243 million(RMB) Net Profit 2005 : 215 million (RMB) Current Asset 2005: 564 million (RMB) Current Liability 2005: 14 million (RMB) PE: 19 based on 2005 earnings and 738,000,000 shares. Note: Currency conversion for RMB to Sing is 5:1 China Mengniu: Revenue 2005 (forecast) : 10,512 million(RMB) Net Profit 2005 (forecast) : 452 million (RMB) PE: 15.8 based on 2005 results and at a price of hk$4.925 China milk, based in Heilongjiang Province, produces pedigree bull semen & dairy cow embryos which sold livestock to bureaus and govt entities for artificial insemination embryo transplants respectively, as well as raw milk which is sold to dairy product mfg. Order book: Indicative orders amounted to 101.5mil RMB, expected till 2006. Reason: 1) Increase production capacity of raw milk from 28,000 tons to 48,000 tons per annum w/additional number of about 3,000 dairy cows. 2) Production of pedigree bull semen & pedigree dairy cow embryos to increase from about 2,5mil straws & 7,500 pcs per/yr to about 4mil straws & 9,600 pcs/yr in or about FY2007. China Mengniu Dairy, is ranks as the top liquid milk producer in China by sales volume & operated more than 10 production bases with an total annual production capacity of 2mil tons and controls about 20% of the liquid milk, excluding yogart and milk beverages. it?s trading at a PE of about 15.8x. Why China Milk has traded it PE ratio to 19X ($1.13cts), co?s it produce bull semens & embroys. Can investors still go in at $1.13cts, A hint from strong supporter coming from value partner at about $1.06cts Any uptrend on share px will need strong growth and production, may seem high now. However, it currently has no bank borrowings. I will not speculate and leave it to your own on this issue, do your homework first, choice is your and your $$$!!!.

 

China milk px can see a break out to $1.18 B4 going further north, just like in day one, since Value Partner is now a major player. I think they must have known is a good time to enter B4 it actually do a v good run up. Philips securities recommendation px of $1.21cts, any fish in d making, while C.Dairy look abit more expensive now, a few hundred % profit liao, for some it's still in cloud nine, the more the merrier , just hope greed don't get suck into oneself.

 

weekly trading pick :D http://kelongstocks.blogspot.com

 

okie! thanks! I thought you got it from some business article.

 

Milk still v v good, holding above $1/- and now holding above $1.10/- closed at $1.13cts, up + 0.01cts w/ good voloume. isit some news brewing ???

 

Hi scotty, It's an SGX announcement. For company news, always make SGX website your first port of call.

 

hi nostradamus, where did you find the info about Value Partners?

 

Value Partners has a 5.79% stake. It last bought 6.615 mln shares at $1.0674.

 

Excluding milk beverages and yogurt, Mengniu captured a 28.6% share of China's liquid milk market by sales volume at the end of December 2005, according to a survey by market research firm ACNielsen. Mengniu, together with two other rivals, Yili and Bright Dairy, had a 61.3% share of China's liquid milk market as of the end of last year, the same survey said. Mengniu had an aggregate annual production capacity of 278 million metric tons (306 million short tons) last year. They hope to raise their production capacity by 30% in 2006.

 

Here's an article on Mengniu Dairy: http://www.businessweek.com/magazine/content/05_43/b3956083.htm

 

China Mengniu Dairy Company ranks amoung the top liquid milk producer in China by sales volume. China Mengniu and its subsidiaries manufacture and distribute dairy products in China, Hong Kong, and Macau. The group's diverse products include liquid mild products (such as pasteurized milk, yogurt and milk bevergaes, ice cream) and other dairy products, including milk powder and milk tablets. The group operated more than 10 production bases with an total annual production capacity of two million tons. China Mengniu ranks amoung the top liquid milk producer in China by sales volume. China Mengniu controls a close to 20% of the liquid milk, excluding yogart and milk beverages. Just for info, Mengniu means Mongolian cow.

 

Strong results at China listed MengNiu and and talks of French Danone increasing its stake spurred buying interests in China Milk.

 

Philip Securities oredi recommended milk target px of $1.21cts, what next, humm... those believe in it congrat... again, happy liao, may c new px coming... have patient and U can be handsomely rewarded, more chicken lice & tim sum on d way, my own personnal opinion oni hoh.. this stock is worth it's gold, i mean to hold $O_O$

 

A matter of when, d big boys hv decided. Milk $1.12cts, up +12cts, tested $1.13cts (in cantonese dialect, it mean yeow yeow Sum)wich mean it got to get thing moving. Tmr may read like this $yat.yatFatt cts. Still vested here, tompang along abit.

 

Milk $1.02-$1.03 liao this morning, jus follow abit on their trial, humm... when going to test new high...??? they knew when rite, have patient, rewarding coming soon......, should be a good stock to keep for a while. I jus tompang along oni.

 

Milk $1.02-$1.03 liao this morning, jus follow abit on their trial, humm... when going to test new high...??? they knew when rite, have patient, rewarding coming soon......, should be a good stock to keep for a while. I jus tompang along oni.

 

Certainly agree with you, there is a buying spree.. by d big boys yesterday and oso a few days back, HL bank did a good job, next in line coming.. is Dubai investment liao, guess their cost px fall jus below $1/- and something more is coming as i see it's brewing, getting hot of all of a sudden, they knew aka datang..

 

China Milk rose on foreign funds buying and talks that it would be included in a Singapore index.

 

China Milk now $1/-, v v resilent, those who hv patient is able to see reward coming.... yah...

 

milk damaged control done, back to it own cruising mode now, back to to where it belong 97/975cts, last done 97cts, +1ct on a vol of 1o.5million, will hv to wait again for Monday for some news break liao, hopefully back to a dollars, v v resilent.