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Sorry, typo .... 9M profit is 50M RMB which is around 10M SGD (not 20M).
nngeeh ( Date: 09-May-2017 14:45) Posted:
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The price now is equivalent to their total cash on hand ... and this doesn' t even include the actual business. The value of their cash is 0.097 (which is the current share price) and other assets is worth another 0.2+ .... If 9months, they can generate $20M profit ... the FY result should be good.
nngeeh ( Date: 09-May-2017 14:37) Posted:
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Just vested. 9 mths - profit ard $20M SGD. Debt just $2M SGD. NAV - $0.30 SGD, Cash - $24M ... which works out to be around $0.0957 per share.
P/B is 0.3, Cash is $0.0957 and PE is near to 1. The FY result is due soon.
If BB push lower, i wil grab more :)
Keep a tight watch on possible new developments in the coming days on any trend reversal.
Share price has been hit after news that its Q4 production will be heavily impacted for 3 months (up to Mar 31 2017) due to a halt in production. The existing factories have been shut down since Jan 20 for the Chinese New Year holidays. Production operations will only re-start in March/April after relocation to a new factory.
China Star Food Group announced yesterday that it has been granted the operating license from Lonyan City Food, Drug supervision & administration bureau for its new manufacturing plant in Liancheng, China. The Group has invested approximately RMB100m as setup cost. The plant has a production capacity of 30,000 tonnes (exceeds the current combined capacity of the 2 existing factories), and enables it to roll out new products with higher gross profit margins. Production is expected to start in April 2017.
Interesting to see whether there will be any teething problems or hiccups in the start-ups ?
Some background reading:
https://www.nextinsight.net/story-archive-mainmenu-60/939-2017/11318-china-star-food-new-products-and-marketing-to-drive-growth
http://infopub.sgx.com/FileOpen/BT%20Article%20dated%2015%20Feb%202017.ashx?App=Announcement& FileID=439335
http://infopub.sgx.com/FileOpen/CSFG%20-%20Clarification%20Announcement.ashx?App=Announcement& FileID=439334
yesterday release news of selling their products at walmart china, but volume is still low.
in my watchlist now
big and good things coming?
Nigel_C77 ( Date: 12-May-2016 15:51) Posted:
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Worth consolidating / buy in some more Big & Good things coming
All the china related plays...may come back to LIFE...
TAKE NOTE.....low valuation, PE, PROFIT MARGIN good good is the one to ACCUMULATE
Uptrend building up again
Break resistance level $0.40 again
Break resistance level $0.40 again
This one was promoted by remisiers/dealers but very often morning push up afternoon throw down ! many times loh...
ru2bz4me ( Date: 05-May-2016 11:14) Posted:
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got some PA today!!
no volume
Nigel_C77 ( Date: 28-Apr-2016 09:04) Posted:
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Should be rebounding above $0.40 today again & next week to stay on
Cover 50 lots at 0.37 earn 600 plus. Huat ah
So boring. No volume
Good .q at 30cts to buy?
It coming. Hitting my 0.36 soon
Queing 0.36 to cover
Lt_investor ( Date: 25-Apr-2016 10:32) Posted:
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Huat ah 0.37 now
Shorted 0.385 50 lots. Huat ah.