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China Fishery - Low PE
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stockpicker
Master |
01-Jul-2014 15:15
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The fish catch last week for fishmeal has almost collapsed from 140,000 tons to 27,000 tons.. going ahead, lesser fish will be landed until the El-Nino is over. Over in China, the Fishmeal price remained stable. 
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stockpicker
Master |
01-Jul-2014 14:45
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The hike in fishmeal prices due to El-Nino and other reasons is not actually a blessing. More companies are now putting in researches to find more alternative food sources to satisfy the increasing demands in aquaculture and other animal farms. So far soya bean has been used as an alternative but researchers are now looking at insects and algae mix etc as other alternative feed for substainability. http://www.feednavigator.com/R-D/Skretting-looks-to-insects-and-algae-as-fishmeal-alternatives |
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JMS213
Senior |
01-Jul-2014 09:20
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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The future prospect of CF is attractive. Welcome to your gateway to the largest and fastest growing seafood market in the world. More than 1,200 companies will exhibit at China Fisheries & Seafood Expo 2014. Join us for our 19th year, as Asia' s largest seafood trade exposition brings leading seafood suppliers and buyers together from around the world. 
Over the past six years, China Fisheries & Seafood Expo has more than doubled in size to become the second largest seafood trade fair in the world. Asia' s only major seafood show, China Fisheries & Seafood Expo has been helping international companies grow their business in China for 18 years. More than 85 percent of China Fisheries & Seafood Expo exhibitors return year after year because they know it is the best place to showcase their products and services to the most important seafood market in the world. |
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Phil13
Member |
30-Jun-2014 10:37
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You talk from beginning until now .... boey chun, lau hong ... Enjoy ... watch out for the report Woah Woah Woah 
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Isolator
Supreme |
30-Jun-2014 10:17
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Those who short sell..... My last call to cover back now... Enjoy... | ||||
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Phil13
Member |
30-Jun-2014 10:15
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Like I said Sell .... Enjoy 
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Isolator
Supreme |
30-Jun-2014 09:36
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Long now..... Enjoy... | ||||
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stockpicker
Master |
30-Jun-2014 08:46
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They may not want to release the bad news but from various other reports such as those about Chile' s fishmeal operation suffering 27% declines in fishmeal export in the 1st 4 months of 2014, one can easily judge how Copeinca will perform...the 2nd half could be worst.
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newbie888
Veteran |
29-Jun-2014 22:25
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yoz bro.... i did not say i dun believe what you say....i did say that i agree that at the moment with so much negative news surrounding CF, most likely the price will drop.... so chill abit le...haha... anyway whether they will succeed in merging or not, its really hard for us to say cos only they will know best...but for sure it will take some time.... one year is definitely not enuff for them to justify the move convincingly....cheers...
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newbie888
Veteran |
29-Jun-2014 22:18
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Yeap...read from some report that CF may have stock up fishmeal in the anticipation of the possible coming El Nino... But isn' t this good tactical move by them? they forsee difficulty and plan for an escape route ahead (i guess its rather subjective in how one look at it.)... In previous reports, it is stated that they will be getting back some money that they for paid for the pollock... hopefully it will be able to ease their liquidity issue which most ppl are concern of in the upcoming quarter.... Personally i feel that news that is make known to the public is rather limited.. therefore is quite hard to gauge if they are doing good or bad.... but given their experience in this business, im keeping my finger cross that they are taking calculated risk when they started acquisiting such a BIG fish... cheers... anyway nice reading the articles that you have contributed... thought mostly negative but i guess its kinda the truth for now ...hahaha... enjoy...
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Phil13
Member |
29-Jun-2014 18:57
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Let' s us refresh our memory. Copeinca, China Fishery: Can oil and water mix?
August 22, 2013, 3:23 pm
China Fishery Group' s takeover of Copeinca will bring together two companies seen as worlds apart from each other, industry players toldUndercurrent News. On paper, China Fishery' s takeover of Copeinca looks straightforward, and has everything to please investors. Combined, the companies will form one of the world' s biggest fishmeal producers and will have the highest share of Peruvian fishing quotas, trumping current leader Tecnologica de Alimentos Somos (TASA) with 16.9% of quotas in the north. In terms of exports, they would jointly control just under 20% of exports, putting them only narrowly behind TASA' s 22.75% (based on 2012 figures). Copeinca will help China Fishery diversify away from its core business, Russian pollock, which is facing uncertainty due to political threats in Russia, and will make China Fishery' s finances look healthier than they do now, in part by increasing its cash flow. " The acquisition, if successful, will improve China Fishery' s business profile, especially if it is able to merge it with its existing fishmeal operations in Peru," Fitch Ratings wrote in April. &ldquo The fishmeal business carries least operational risk among China Fishery' s three major business segments." In turn China Fishery, at least in theory, will provide Copeinca with further access to its biggest market, China. But behind the scenes, the picture is not as straightforward. China Fishery' s operations in Peru could not be more different than Copeinca' s activities, sources told Undercurrent. " Everybody here is questioning how this merger will be done," said a source in the industry in Peru. " China Fishery and Copeinca have very different policies on everything," he said. China Fishery now boey stable, so far got any good news meh. Our dear bro, Stockpicker already posted so many articles for your reading pleasure. If got good news, Jam and Butter also will start posting and Ice also will start speaking long, long, long .... Someone last minute giak giak buy 26 lots @ 0.37 UP. Tomorrow ... Sell, Sell, Sell. Don' t believe just watch and see. Woah woah woah .... enjoy. Maybe you should wait for Christmas ...... hahahaha
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stockpicker
Master |
29-Jun-2014 09:41
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It was reported in Undercurrent giving the following picture for Pac Andes: 
The fishmeal operation has raked in HKD$ 1,587 mil or SGD$ 257 mil. That is a sizable amount to offset the losses in Pollock business. These are actual revenues. The profits after taking away the operating cost especially the finance and increase in Administrative cost, just like Pacific Andes, China Fishery will likely to show a profit with reduced earning figures. Also bearing in mind that in the Undercurrent report, the company was quoted to have said that reduced in 31% profit in Pac Andes was due to value losses due to derivative financial instrument and this was not quite true. It was due to the heavy financial and administrative costs. If China Fishery can show a better earning figure, it is like to be due to the Chinese stocking up the fishmeal during end of 2013 in anticipating the price hike due to El-Nino. But this will also mean that the sale figures for 2nd half would not be good because the catch so far in 2014 is less than half of 2013 and the peak price in 2014 is 20% less than peak in 2013. We will really have to wait to see China Fishery&rsquo s result in early July for further analysis. |
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newbie888
Veteran |
29-Jun-2014 02:01
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weird.... the acquisition is to help reduce the impact of the losses due to the termination of their pollock biz...it has done its part as stated in the article that you quote....but y are you implying it is due to the acquisition that is causing the selling off.... dun confuse le....if you are trying to say the debt from the acquisition is rocking the investor confidence then just state clearly.... Yea...enjoy, enjoyed and am still enjoying....hahahaha....
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Phil13
Member |
28-Jun-2014 23:39
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Yes, because CF tum chiak tried to swallow too much. That' s why now stomach aches and lau sai Next week result red more lau sai. Woah woah lau sai ..... Enjoy.
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newbie888
Veteran |
28-Jun-2014 12:43
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Really appreciate your contribution for all the articles but i dun quite get your point...your previous undercurrent article states that the peruvian fishmeal ops reduces the dive due to the pollock business... isn' t that a good thing and what Copeinca is acquisted for? - to replace russian pollock as their main revenue generator... so it is kind of an evident that their agenda is met but maybe not as good as first expected... untill the day they found a more profitable way in dealing with their anchorvy like what has been mentioned again and again - for direct human consumption, we just gonna accept the reduced profit margin for now....lol.... At the moment this fish indeed has loads of negative news surrounding it... mainly is the El Nino phenomenon that is likely to take place. However according to most of the report that was mentioned here, El Nino takes place once every few years. Thus the financial result may be dragged down now... but it may also recover in the future when things are in its favour...Moreover i dun think everyone is expecting CF to give instant success results right after the acquisition of Copeinca... unless you are contra-ing ....so just give CF some time to digest the big fish it has eaten la...... Cheers to all vested ... including myself....haha...
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Phil13
Member |
27-Jun-2014 16:47
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Isolator, now you know it is not bull shit. Now you know, next week still sell .... Haha |
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Phil13
Member |
27-Jun-2014 00:04
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Wah Lau Cheng Wo Liao Lor " Quiet mean relax...... All news here are bullshit to me....... I can only say.... Long as many as possible now....... Enjoy....." I can only say ... long .... why ? as many as possible now. This is really the bullshit .... nothing to show, support or whatever. Stockpicker bother to update and post all the figure and you said " ... All news here are bullshit. Wah super boey paiseh. Give you a chance, say something intelligent ... we wait to hear. Long Long Long show why Long. I said tomorrow Sell, Sell, Sell .... surrounding news is so bad, Fishmeal ops offset big dive in Pacific Andes&rsquo H1 pollock supply revenues
June 25, 2014, 9:53 am
Pacific Andes International Holdings said it will consider selling non-core assets and help management rationalize capacity in its plants in Europe, as the company&rsquo s pre-tax profit fell by nearly a third in the first six months of its current fiscal year. The 31% drop to HDK 325 million was not operational, but mainly due to a &ldquo reduced gain in fair value changes from derivative financial instruments&rdquo , said the company in its report. On the other hand, both gross profit and revenues increased, as higher earnings from its Peruvian fishmeal operations offset big drops from its pollock contract business. The Singapore-listed company saw its pollock contract revenue plummet by 53% to HKD 821m in the six months until March 31, 2014, a result of the company&rsquo s termination of its long-term supply agreements. This was offset by a more than six-fold increase in revenues from its fishmeal operations in Peru, which earned HKD 1.587 bn in revenues&ndash up from HDK 248m &mdash thanks to a recovery in Peru&rsquo s anchovy quota in 2013. The company&rsquo s fleet operations also increased revenues by 29% to HKD 128m, taking Pacific Andes&rsquo total revenues for the period up by 20%, to HKD 2.536bn (see table below). |
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stockpicker
Master |
26-Jun-2014 16:26
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The report was from Undercurrent. Need to point out that 1H 2014 referred to results reported ending Mar 2014 also the lost of 31% pretax profit more referred to increase in financial cost (add of HKD$130 mil and Admin cost (add of HKD$45mil) and not due to value changes in derivative financial instrument. Expected the finance cost and admin cost will weight down the profits of Pacific Andes and China Fish going ahead. 
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Isolator
Supreme |
26-Jun-2014 13:22
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Quiet mean relax...... All news here are bullshit to me....... I can only say.... Long as many as possible now....... Enjoy.....
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Phil13
Member |
26-Jun-2014 12:52
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Stockpicker, maybe you elaborate or comment on the statement " Pacific Andes has pre-tax profit fell by 31% to HDK 325 million. They claimed it was due to value changes from derivative financial instrument"
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