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Everytime when an article is posted, the guardian angels for this counter got threatened and sold down as I have anticipated. We are looking into the future of China Fishery. Please continue to keep watch over this BB because it only confirm that the BB is heading in the right direction. Having said that, if it is a good opportunity, why not put some into your collection. I am sure this is but the start of more good news to come. Cheers
This article dated 13 Sept 2013, It show that China is behind China Fishery to expand the industry.
China Fishery is definitely in Chinese Government's radar from this report below : China's overseas plans acquire new urgency - The old business model of " economy of scale" no longer works By Suranjana Roy Bhattacharya Special to Gulf News Published: 15:34 September 13, 2013
Chinese policy managers are ultra-sensitive to capital flows. So when currencies and markets of emerging economies got battered recently, due to US quantitative easing, China remained relatively insulated due to its strong capital controls and restrictions on foreign financial flows. However, when it comes to its own brick and mortar ambitions, China is less draconian. Last year, there was a sizeable net outflow of capital from its shores, but the bulk of dollars taken out of the country was by domestic enterprises on international " shopping sprees" . China's outbound direct investment reached a record high of $87.8 billion (Dh322 billion) in 2012, making it the world's third-largest outward investor, after United States and Japan, according to just-released data. In recent years, the Chinese government has vigorously implemented a " go global" strategy, driven by three imperatives " need for energy security, need to upgrade and acquire technology and access overseas markets, while repairing its battered global reputation. Although there has been a robust growth of overseas direct investment (ODI) by Chinese companies, the volumes are far from impressive. By the end of 2012, accumulated ODI that Chinese companies had invested was only $531.94 billion, ranking China the 13th in the world. This giant economy is now at a " tipping point" . If it wants to develop to a higher level, Chinese companies must speed up the pace of going international. At present, their presence in high income countries is negligible, despite all the hype about Chinese acquisitions " a remarkable situation for the world's largest manufacturer and exporter. Patchy record The hype generated by China's acquisitions had more to do with its state owned companies venturing into the closely-guarded energy sector. Since 2008, Chinese SOEs, taking advantage of financially stressed energy multinationals, started making spectacular bids. Despite success in Africa and South America, they ran into hurdles in North America. In 2005, Chinese oil explorer CNOOC had to give up a $18.5 billion bid for Unocal in the United States after political outcry. Similarly, in 2010, another state company Sinochem backed away from buying Potash Corporation of Saskatchewan in Canada. The one successful bid was the $15.1 billion deal by CNOOC for Canada's Nexen in December 2012. In the West, Chinese companies are usually portrayed as monolithic organisations with hidden ties to the government and thus meet with political resistance. In comparison, private companies are given more leeway and can avoid the hype and risks. Last year, privately-owned Chinese entities accounted for 14 per cent of overseas M& A deals, and are getting increasingly ambitious. Private deals The largest overseas M& A this year was carried out by Shuanghui International Holdings when it acquired Smithfield Foods in the US for $4.7 billion in May. Other large private deals in H1 included Sungate Trust's purchase of a 40 per cent stake in General Motors building in Manhattan, New York WSP Holdings" , owner of WuxiSeamless Oil Pipes Company, merger with WSP OCTG Group, again in the US and China Fishery Group's purchase of Copeinca, a Peruvian fish feed maker. The participation of private companies in large overseas M& As is a vital channel for China to achieve industrial transformation and upgrade. Companies now see ODI as a way of overcoming skill, talent and technological barriers. Majority of the overseas deals carried out by Chinese companies in Europe and US, is driven by a desire to acquire leading brands, markets, experience and technology relating to the production process. Market forces Chinese companies have little option but to go abroad and evolve. The old business model of " economy of scale" no longer works. They can no longer continue to produce low design, low margin goods because the domestic markets they serve now want brands and higher quality products. China has exceeded a per capita income of $8,000 " a global benchmark when consumers demand better products and services. It's a bottleneck situation, and the only way out for Chinese companies" is to go out.
The writer is a freelance journalist based in China.
China Fishery is definitely one step in the right direction. For your reading pleasure ....
Indonesia, China sign MoU on fishery partnership
The Jakarta Post, Jakarta | Thu, 10/03/2013 5:53 PM | Business
The Indonesian Minister of Marine Affairs and Fisheries and the Chinese Minister of Foreign Affairs sign the Memorandum of Understanding (MoU) of fishery partnership.
" It marks the birth of the new era of both countries' fishery partnership, which is expected to be able to further benefit both countries," Marine Affairs and Fisheries Minister Sharif C. Sutardjo said in an official release on Thursday.
The MoU encompasses a number of paramount points managing the sustainability marine and fishery partnership, such as the partnership in the investment promotion of the captive fishery and aquaculture, the fish processing and marketing, the eradication of the, the fishery data and information exchange - particularly the exchange of the fishery product export-import data, fish docking data, boat registration and the deletion certificate.
The MoU also covers the sustainable captive fish technical collaboration development, the fishery biodiversity protection and other fishery capacity building collaboration.
" Through this finalization of the agreement, it's expected to be able to accelerate the fishery development by strengthening the fishery industrialization, particularly in terms of the facility and capacity building of the integrated domestic captive fish industry," Sharif said.
The MoU also helps Indonesia pave the way to fathom the development of the fishery shipyard in Indonesia and the development of the human capital by training the Indonesian fishing boat crew in the Chinese fishing enterprises
is it facing a downward trend after forming 2 dojis?
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This is dollars company..... so be ready for the charge....
Definitely worth investing....
vested..
vested..
Dont worry.... tmr will rebound strongly....
What happened to the upsurge, there was good volume last week but seems like it has died down. hmmm.. all waiting for year end results?
Can buy now...
What announcement?
mb7269 ( Date: 27-Sep-2013 17:51) Posted:
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old news?
http://infopub.sgx.com/FileOpen/CFGL-Copeinca_GO-270913.ashx?App=Announcement& FileID=257776
mb7269 ( Date: 27-Sep-2013 17:51) Posted:
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today announcement is it good for next week?
Never be bother with the up and down when it is heading to above $1...... Never fear.....
maybe the fish is taking a rest now...resting for a further swim?
I hold tight but sinking me, how?
Hold tight tight......
Collection time...the prospect for this counter is v gd!
Watch out for high capital gain!
yea...got it quite sometimes back...really must have the patience to wait...just like fishing....patience....patience....
fanco009 ( Date: 25-Sep-2013 13:35) Posted:
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today traded volume marks the highest in the past 2 years...does it tell a positive sign??!!