Post Reply
321-340 of 342
went to the coy website,unable to find P& L...
Looks like this stock is slowly creeping upwards.
Watch!
Sino Grandness has unveiled a series of announcements after its 4QFY11 results. I have done a short writeup to summarise the recent developments. http://www.ernestlim15.blogspot.com/2012/04/sino-grandness-once-bitten-twice-shy.html
TGIF!
| sgnewbie ( Date: 11-Apr-2012 11:13) Posted: |
Sino Grandness: UOB Kay Hian says Buy BUY Sino Grandness Food for its expected strong earnings for FY11. Grp reports earnings this Thursday, and house expects a boost in top-line rev, improvement in gross margins and 50% yoy growth in net profit. TP of $0.70 translates into 4.0x 2012F PE, pegged at a 65% discount to Singapore-listed peers’ average. SGF is trading at 4.9x 2010 PE and 3.5x 2011F PE vs consensus earnings CAGR of 34.2% between FY10-12E (PEG of 0.10).
Going forward, house believe grp will ride on the beverage sales momentum to drive earnings in 2012. Grp has secured a new supplier to produce its own Garden Fresh bottled juices in China and this would double its capacity from 70,000 tonnes to 140,000 tonnes per year. To increase brand awareness for its beverage products, grp has been advertising aggressively through commercials on China’s national CCTV channels since Oct11. The new production facilities in Sichuan and Hubei provinces will also alleviate any supply pressure.
Technically, stock appears to be resisted at $0.47 and support could be at $0.43. A break above $0.47 points to a target of $0.52. The stock is still hovering above its 20 & 50 days EMA which is on the uptrend currently.
Going forward, house believe grp will ride on the beverage sales momentum to drive earnings in 2012. Grp has secured a new supplier to produce its own Garden Fresh bottled juices in China and this would double its capacity from 70,000 tonnes to 140,000 tonnes per year. To increase brand awareness for its beverage products, grp has been advertising aggressively through commercials on China’s national CCTV channels since Oct11. The new production facilities in Sichuan and Hubei provinces will also alleviate any supply pressure.
Technically, stock appears to be resisted at $0.47 and support could be at $0.43. A break above $0.47 points to a target of $0.52. The stock is still hovering above its 20 & 50 days EMA which is on the uptrend currently.
goodluck. the analysts are targeting 70+
xing78 ( Date: 10-Jun-2011 00:23) Posted:
|
Looks like this counter has broken out.
Good luck :p
xing78 ( Date: 10-Jun-2011 00:23) Posted:
|
accumulating some more at 0.49 today.
TP = 0.58
Just make an entry (0.48) on this counter today.
Wish me luck :p
Strange...despite the strong 1Q11 results, why the sudden drop from 0.59 to 0.56 yesterday? Due to XD?
sino broke 58.5 resistance..on gd vol
retraced to 58c..
vested 58c..
Contamination fears from Japan highlight clean food sources – In the aftermath of the Japan earthquake, concerns over contamination of the food chain have arisen. The Japanese government has halted shipments of spinach from one area and raw milk from another area near the Fukushima Daiichi nuclear plant after tests found levels of iodine 5-7x higher than levels deemed to be safe. The tap water in Tokyo has also been found to contain caesium, a highly radioactive substance. In the foreseeable future, Japan is likely to rely even more on imports. In 2009, it imported around $54bworth of food while exports amounted to only $3b. Neighbouring countries may also switch to non-Japanese sources. In our view, local companies that may benefit from substitution demand include Fraser and Neave (eg, dairy products), Super Group (eg, non-dairy ingredients) and Sino-Grandness Food Industry (eg, canned fruits and vegetables). F& N, in particular, could benefit as attention shifts to milk producers in Southeast Asia. It has a fully-utilised canned milk plant in Malaysia while its new factory in Thailand is the biggest canned milk plant in the region with a total capacity of 3.5m cans per day. Its dairy plant in Pulau Indah will also give earnings a boost when it comes on-stream late this year. These new dairy plants together boast an annual capacity of 25m cases, compared to its existing capacity of 7m cases pa, and would give it the scale and flexibility to meet the expected increase in demand.
gem or germ? too good to be true ?
Sino Grandness: Reported a strong FY10 Rev, which were broadly in-line with estimates. Rev at Rmb645.1m, +43.2%YoY, while Net profit at Rmb116.9m, +76.7%YoY, vs consensus estimates of Rmb110m.
Performance primarily driven by higher orders for all product segments. In particular, sales of beverage segment comprising, which surged 246.4% to Rmb179.6m from Rmb51.9m, due to the successful commercialization of new products and sustained expansion of the Grp’s distributor base. Sales of canned fruits and vegetables were also higher across the board due to increased production capacities and higher orders from existing major customers.
Overall gross margins increased slightly to 32.5% in FY10 from 32.2% in FY09, while on a segmental basis, beverage segment and others segment saw margin improvement while asparagus, long beans and mushrooms segments reported lower gross margins, partly due to higher cost of raw materials. Beverage segment gross profit margin surged the most, jumping to 37.6% in FY10 from 25.8% largely due to economies of scale.
Going forward, Grp expects growth to be underpinned by the new in-house brand of fruit and vegetable juices which have received positive response since they were launched . To capitalize on growth opportunities, Grp will continue to focus on advertising and promotional activities to increase awareness and brand sales and marketing efforts to expand distribution networks.
At current price, valuations appear undemanding, with grp trading at an undemanding 5.8x FY10 PE vs peers average of 9.5xPE. Grp has proposed a dividend of Rmb0.044 (S$0.01).
Performance primarily driven by higher orders for all product segments. In particular, sales of beverage segment comprising, which surged 246.4% to Rmb179.6m from Rmb51.9m, due to the successful commercialization of new products and sustained expansion of the Grp’s distributor base. Sales of canned fruits and vegetables were also higher across the board due to increased production capacities and higher orders from existing major customers.
Overall gross margins increased slightly to 32.5% in FY10 from 32.2% in FY09, while on a segmental basis, beverage segment and others segment saw margin improvement while asparagus, long beans and mushrooms segments reported lower gross margins, partly due to higher cost of raw materials. Beverage segment gross profit margin surged the most, jumping to 37.6% in FY10 from 25.8% largely due to economies of scale.
Going forward, Grp expects growth to be underpinned by the new in-house brand of fruit and vegetable juices which have received positive response since they were launched . To capitalize on growth opportunities, Grp will continue to focus on advertising and promotional activities to increase awareness and brand sales and marketing efforts to expand distribution networks.
At current price, valuations appear undemanding, with grp trading at an undemanding 5.8x FY10 PE vs peers average of 9.5xPE. Grp has proposed a dividend of Rmb0.044 (S$0.01).
Sino Grandness: Reported a strong FY10 Rev, which were broadly in-line with estimates. Rev at Rmb645.1m, +43.2%YoY, while Net profit at Rmb116.9m, +76.7%YoY, vs consensus estimates of Rmb110m.
Performance primarily driven by higher orders for all product segments. In particular, sales of beverage segment comprising, which surged 246.4% to Rmb179.6m from Rmb51.9m, due to the successful commercialization of new products and sustained expansion of the Grp’s distributor base. Sales of canned fruits and vegetables were also higher across the board due to increased production capacities and higher orders from existing major customers.
Overall gross margins increased slightly to 32.5% in FY10 from 32.2% in FY09, while on a segmental basis, beverage segment and others segment saw margin improvement while asparagus, long beans and mushrooms segments reported lower gross margins, partly due to higher cost of raw materials. Beverage segment gross profit margin surged the most, jumping to 37.6% in FY10 from 25.8% largely due to economies of scale.
Going forward, Grp expects growth to be underpinned by the new in-house brand of fruit and vegetable juices which have received positive response since they were launched . To capitalize on growth opportunities, Grp will continue to focus on advertising and promotional activities to increase awareness and brand sales and marketing efforts to expand distribution networks.
At current price, valuations appear undemanding, with grp trading at an undemanding 5.8x FY10 PE vs peers average of 9.5xPE. Grp has proposed a dividend of Rmb0.044 (S$0.01).
Performance primarily driven by higher orders for all product segments. In particular, sales of beverage segment comprising, which surged 246.4% to Rmb179.6m from Rmb51.9m, due to the successful commercialization of new products and sustained expansion of the Grp’s distributor base. Sales of canned fruits and vegetables were also higher across the board due to increased production capacities and higher orders from existing major customers.
Overall gross margins increased slightly to 32.5% in FY10 from 32.2% in FY09, while on a segmental basis, beverage segment and others segment saw margin improvement while asparagus, long beans and mushrooms segments reported lower gross margins, partly due to higher cost of raw materials. Beverage segment gross profit margin surged the most, jumping to 37.6% in FY10 from 25.8% largely due to economies of scale.
Going forward, Grp expects growth to be underpinned by the new in-house brand of fruit and vegetable juices which have received positive response since they were launched . To capitalize on growth opportunities, Grp will continue to focus on advertising and promotional activities to increase awareness and brand sales and marketing efforts to expand distribution networks.
At current price, valuations appear undemanding, with grp trading at an undemanding 5.8x FY10 PE vs peers average of 9.5xPE. Grp has proposed a dividend of Rmb0.044 (S$0.01).
Just announced plans for Taiwan TDR. Get ready to sell. More often than not, once TDR announced, price moves up a bit and than collapse big time after actual TDR listed. Company good but can make some money selling first and buying later. Just my personal view.
bsiong ( Date: 02-Jan-2011 12:07) Posted:
|