sino grandness - undervalued stock

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8 years 7 months ago #22441 by BNN
Yes, the Thais are in a feeding frenzy. Every day seems like a joyful day for them as they buy at lower prices.

Today, 841,400 shares bought by Thais!

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8 years 7 months ago #22476 by Dongdaemun
there is conviction behind the repeated buying. I think they understand everything that is going on in the Company, including the future of the convertible bonds 1 & 2. Jiayou!

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8 years 6 months ago #22587 by BNN
Despite the Thais not buying in recent sessions, the stock price has firmed up nicely. 36 cents today for a PE of 2.7. No one can say that this is expensive for a high-growth F&B company. The catalysts for a re-rating are many, including any news of an impending IPO of Garden Fresh.
The following user(s) said Thank You: yeng

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8 years 5 months ago - 8 years 5 months ago #22612 by yeng
Sino Grandness up 2 cts, closed at 37.5 cents last Friday on high volume. It has now gone above its 200-day average. The 200 day moving average is a number closely watched by many traders --- time to cheong? Stocks moving above that figure signal more major upside to come.
Last edit: 8 years 5 months ago by yeng.

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8 years 5 months ago #22628 by BNN
China Minzhong has been trying to build up its loquat beverage business. In its 1Q results announcement last night, Minzhong said " the gross margin for beverage business have remained relatively stable at 47.5%." Excellent margin, which is slightly higher than Sino Grandness' (45% in 1H2015).

However, Minzhong's beverage sales have fallen 48% in 1QFY2016. Why? Aside fr reasons cited by Minzhong, perhaps another reason is it cannot compete with the steamrolling machine that Sino Grandness has become!

infopub.sgx.com/FileOpen/1QFY16%20Minzho...cement&FileID=376279

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8 years 5 months ago - 8 years 5 months ago #22642 by BNN
The gross profit margin of Sino Grandness' beverages is known to be 45%. Canned fruits is about 41%. How about their relatively new snacks division?

I came across upcoming RTO company China Star Food, which is into sacks based on sweet potatoes. Its GP margin for the past 3 years was 35-40%. Pretty high.

See page 10: infopub.sgx.com/FileOpen/PROJECT%20INDIG...cement&FileID=360709

OK for one to expect Sino Grandness' snacks to fetch similar margins?
Last edit: 8 years 5 months ago by BNN.

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