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On a downtrend now... volumes are healthy though.
wow... 0.445 , lowest now!! lower than IPO at 0.46... this counter keep for one year, can it fly? really afraid of china stocks man.. one biotreat, now hengxin, don't know whos next man..
lowest 0.47, now 0.49, reasonable price to go in, but this counter keep going down... but somehow, target price $0.72 outperform , possible?
Worth to take a look, share investment issue 293 also have a positive outlook for this company.
4 December 2006
China Kangda Food (CKANG SP / CKFC.SI, OUTPERFORM, S$0.51, Target: S$0.72)
Initiating coverage - Proxy for China's increasingly urbanised eating
habits
by Kerryn Tay
China Kangda is well positioned to benefit from China's increasing
urbanisation that feeds the consumption of instant and processed foods. It
has over 150 varieties of processed foods products and is the largest
Chinese rabbit meat exporter to European Union, which we believe will
continue to see strong growth as current export levels are well below
historical average. We are pitching KD at 12x CY07 P/E, at a premium to
Singapore sector peers of 10.3x CY07 multiple in view of its good exposure
to both China and exports, as well as its diversified revenue base. We
however peg it at a discount to Synear, its closest peer, as we see risks
from its short forward earnings visibility. We initiate coverage with an
OUTPERFORM and target price of S$0.72.
Here's the Full Report [ Click?here ]
or the link below
http://www.gohdirect.com
China Kangda Food (CKANG SP / CKFC.SI, OUTPERFORM, S$0.51, Target: S$0.72)
Initiating coverage - Proxy for China's increasingly urbanised eating
habits
by Kerryn Tay
China Kangda is well positioned to benefit from China's increasing
urbanisation that feeds the consumption of instant and processed foods. It
has over 150 varieties of processed foods products and is the largest
Chinese rabbit meat exporter to European Union, which we believe will
continue to see strong growth as current export levels are well below
historical average. We are pitching KD at 12x CY07 P/E, at a premium to
Singapore sector peers of 10.3x CY07 multiple in view of its good exposure
to both China and exports, as well as its diversified revenue base. We
however peg it at a discount to Synear, its closest peer, as we see risks
from its short forward earnings visibility. We initiate coverage with an
OUTPERFORM and target price of S$0.72.
Here's the Full Report [ Click?here ]
or the link below
http://www.gohdirect.com
Tks Compass for your input. Agree that "money is the root of all evils". I did not mean to condemn all China companies. My point was the relative ease and speed at which China companies fall prey to mismanagement or report losses not long after being listed. Hope the relevant authorities will act swiftly to tighten listing regulations before more Singaporeans lose their hard-earned savings investing in such "dud" companies.
I split or hokkien " Bui Chao Nua" at this counter !
wow kangda also con coy??? jialat leh lidat... synear also?
hikitty , u hv post this China Food on the wrong corner! I think many things will happen once there is a change of management. This one got away until QAF took control. Not all china companies are the same. We cannot just condemned China ones, just look at our homeland eg ACCS and Citiraya. Money knows no colour of skin, religions, territories, etc. Just Greed of the Humans.
China Food Industries seems to be another CAO fiasco. What's next after Bio-treat? How 2 think "long term" when investing in China shares? Someone must be held responsible for not conducting due diligence checks on such firms - our Singapore govt must act b4 someone ends his life after losing millions by investing in such firms.. The penalties for such offences shd be enhanced. It seems our S'pore prison is far too comfortable for such white collar criminals. What is losing a few years of freedom by being imprisoned - no big deal, when the criminal may still have the money after causing a listed firm to go bust!
cheap pe, Bk in portfolio, olympic in 2008... alas no much moved
As a result of the appointment, the group will also be given priority by the relevant government agencies to set up new retail outlets or distribution channels in various supermarkets in China, without having to undergo additional inspections.
"We believe that our participation in this event will provide us with a platform to further develop our brand visibility and awareness for our products," China Kangda chief executive Gao Yanxu said in a statement.
more report coming up??
yacht event... sure many ang mo zhun hahaha
It is appointed to supply food products for the yachting event of the Beijing 2008 Olympic Games.
was try to catch bottom today... hahha kidding.. anyway good news, KD joining olympic 2008
Among the new china ipos this one is baffling ie it keeps getting lower and lower. I can only say that they are unlucky to appoint cimb-gk to do the deal as that house is never strong in ipos listings. If this is done by the top 2 houses you can expect it to fly to be inline with the other food mfg ones. Really undervalue. Read somewhere that says the house is clearing. Falling knife very dangerous to catch.
I still holding on at average 0.6c. Is it the right move or not, I am not sure but just trying my luck.
guess moscow ppl dun like rabbit
this stock's only going one way...down.
This shares fundaments ok right, should be ok to hold. recently no negative news.