sino grandness - undervalued stock

Dongdaemun
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11 years 7 months ago #11106 by Dongdaemun

Replied by Dongdaemun on topic Re:sino grandness - potential undervalue stock

Hentak kaki @ 45.5. WHY?

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Click
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11 years 7 months ago - 11 years 7 months ago #11358 by Click

Replied by Click on topic Re:sino grandness - potential undervalue stock

Last edit: 11 years 7 months ago by niadmin.

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Click
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11 years 7 months ago #11359 by Click

Replied by Click on topic Re:sino grandness - potential undervalue stock

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Koh
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11 years 7 months ago #11377 by Koh

Replied by Koh on topic Re:sino grandness - potential undervalue stock

So many undervalued gems on SGX ...not enough $ to buy what I want in quantities I dream of.

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Koh
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11 years 6 months ago #11913 by Koh

Replied by Koh on topic Re:sino grandness - potential undervalue stock

DMG report dated 5 Nov and titled Starry-eyed over upcoming 3Q12

We have reviewed our numbers and believe that our earlier earnings estimates â which were in line with consensus â may be too conservative. As such, we have raised our FY12 earnings estimates by 11%, making us the most bullish on the street.

We are expecting 3Q12 earnings of RMB77m vs RMB45m in 3Q11. Our bullish stance is backed by: 1) Stronger orders for its export
canned foods from Europe, 2) Raised ASP and gross margin assumptions for its asparagus and mushroom canned foods to be in line with 2Q results, 3) Lower opex and finance cost assumptions.

This has resulted in our net margins rising from 14.1% to 15.5%. We change our valuation methodology from sum-of-parts to P/E and derive a higher TP of S$0.65, pegged to 3x FY13F earnings (mean historical trading band). Results will be announced on Nov 6th after market close with a results briefing to be held the following day. Upgrade to BUY.

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d4
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11 years 6 months ago #11927 by d4

Replied by d4 on topic Re:sino grandness - potential undervalue stock

3Q profits were most surprising. Hope the stock price can run from here on. In the past, solid profit announcements have not been successful in triggering a sustained price rise.

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