Super Group   

Super Coffee

This company will have alot of happening this year as they have lots of money. Selling and leasing back of their buildings and new investors pumping in money.  

Good Results over last few years with new initiatives into new market such as Japan and Russia.

 

 

It announced its entry into the Japan market with its trendy bestseller Cafe Nova Latte. The Group's tie-up with an established Japanese distributor will enable Super to launch its products by the end of March 2007, via at least 3,000 highly prevalent ?hundred-yen? stores located throughout Japan.

According to international research firm Euromonitor, the market for coffee in Japan is the third largest in the world, with the Japanese consuming more than 108,495 tonnes of coffee in 2005. Divided into freshly brewed coffee, instant coffee and ready-to-drink coffee, the market for instant coffee remains dominant with sales of about 318.5 billion yen for the period in review., the market for coffee in Japan is the third largest in the world, with the Japanese consuming more than 108,495 tonnes of coffee in 2005. Divided into freshly brewed coffee, instant coffee and ready-to-drink coffee, the market for instant coffee remains dominant with sales of about 318.5 billion yen for the period in review.

 

It entered into a MOU with Zao MBI Barista (ZMB) and Mysore Nagaraja Kartik (MNK) to form a joint venture company. The principal activity of the JV Co will be that of an investment holding company for investments in Russia.



ZMB is a company incorporated in Russia and is in the business of marketing and distribution of food and instant beverages.

 

   The counter is moving now. There is takeover news being circulated. 



    Chart wise, it became very active since 5 Jan with good volume. A triangular flag was formed between 8 Jan and 15 Jan with a breakout on 16 Jan. Technically, it has potential to hit $1.20 based on this pattern. It has consolidated over the past few days, pulling back from $0.97. This is quite a bullish sign and it is a good time to accumulate. Just for sharing. Not a suggestion to trade. I have just vested.

 

Careful... may be downtrending. But volumes not too good so TA may be inaccurate.

 

This one seems ripe for the selling.

Today's high of 0.65 touches the top of a bearish flat-bottom triangle. Not a typical pattern for any further upward move like Starhub has today for instance. Based this observation, it is likely for SuperCoffee to start to weaken in the days/weeks ahead.

 

Trend uncertain plus erratic and low volumes. TA people should avoid

 

Tee Yih Jia and Super Coffeemix join China's biggest vinegar producer, Hengshun, to build RMB500 million Zhenjiang plant. It'll initially produce 200,000 tonnes of vinegar by end '07. Plans to list Hengshun Seasoning within 3-5 years.

 

Extracted from my blog http://kelongstocks.blogspot.com Please support my blog if you find the writeup useful Technical Analysis Since rising sharply from 47.5 cents to 62 cents, prices have consolidated and chart showed a breakout from a bullish flag like formation on 11 Apr 06. However, volume was only a paltry 461k lots so I'm not convinced about the genuinity of this breakout. Minimum technical target from the breakout of this bullish flag is 66.5 cents. Prices look likely to inch up towards first resistance at 59 cents. Supports: 55 cents (uptrend support), 54.5 cents (support turned resistance turned support) and 53 cents (recent support) Resistances: 59/59.5 cents (gap support turned resistance), 62 cents (recent all time high) .............continued at my blog (including fundamental analysis)