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What would be a good price to enter?
richie_rich ( Date: 08-Mar-2021 17:15) Posted:
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I have finally found an instrument for investing into the durian trade. Hope to ride on Nutryfarm for this interesting foray into the durian export business to China through an asset-light strategy focusing on trading (at least that is what is seems like for now). I used to own a stake in a smallish durian business but the market in Singapore is too small. The potential has always been in China where there is insatiable appetite for the thorny fruit. I find comfort that there has already been binding contracts from a couple of customers. Looks like the ride is just begining with the durian season in Thailand round the corner.
China demand spiking for Thai durian, exports are up despite the pandemic
https://www.bangkokpost.com/business/1958175/china-demand-spiking-for-thai-durian
https://www.bangkokpost.com/business/1958175/china-demand-spiking-for-thai-durian
The power of Chinese consumers, we can never underestimate the consumption of 1.4 Billion people..
> 12 May 2020 Commentary: COVID-19 hasn' t dampened Asia' s huge appetite for durians
https://www.channelnewsasia.com/news/commentary/coronavirus-covid-19-durian-thailand-china-demand-market-sales-12723744
> Video a bit dated but it shows how essential durian has become in China: https://www.channelnewsasia.com/news/videos/china-s-growing-demand-for-durians-video-10639468
> 12 May 2020 Commentary: COVID-19 hasn' t dampened Asia' s huge appetite for durians
https://www.channelnewsasia.com/news/commentary/coronavirus-covid-19-durian-thailand-china-demand-market-sales-12723744
> Video a bit dated but it shows how essential durian has become in China: https://www.channelnewsasia.com/news/videos/china-s-growing-demand-for-durians-video-10639468
Background of Nutry Farm new CEO:
https://links.sgx.com/FileOpen/Ann-Appointment%20of%20ED-Cheng%20Meng-10Dec2020-Final.ashx?App=Announcement& FileID=642074
Mr. Cheng Meng is an entrepreneur and the founder and director of One Family (Thai) Company Limited incorporated in Thailand in 2016 which is principally in the business of the plantation, trading and valueadded processing of durian in the People' s Republic of China (&ldquo PRC&rdquo ) and other Southeast Asia countries with an annual revenue of approximately USD 200 million.
Before that, Mr. Cheng Meng has served the Shandong Electric Power Construction No. 3 Engineering Company as a project manager from year 2013 to 2015 to oversee that company&rsquo s major construction projects in Thailand. Mr. Cheng Meng was appointed as a non-executive director of the Company on 18 November 2020.
Mr. Cheng Meng was being awarded Bachelor of Automotive Engineering by Shanghai University, PRC in the year 2013. Mr. Cheng Meng is also currently the Executive Vice President of the Thailand-Anhui Business Council.
The Board truly believes that Mr. Cheng&rsquo s strong management skills and entrepreneur experience can definitely contribute a lot to the continuous development of the Company&rsquo s business and provide new insights on new business opportunities of the Company.
https://links.sgx.com/FileOpen/Ann-Appointment%20of%20ED-Cheng%20Meng-10Dec2020-Final.ashx?App=Announcement& FileID=642074
Mr. Cheng Meng is an entrepreneur and the founder and director of One Family (Thai) Company Limited incorporated in Thailand in 2016 which is principally in the business of the plantation, trading and valueadded processing of durian in the People' s Republic of China (&ldquo PRC&rdquo ) and other Southeast Asia countries with an annual revenue of approximately USD 200 million.
Before that, Mr. Cheng Meng has served the Shandong Electric Power Construction No. 3 Engineering Company as a project manager from year 2013 to 2015 to oversee that company&rsquo s major construction projects in Thailand. Mr. Cheng Meng was appointed as a non-executive director of the Company on 18 November 2020.
Mr. Cheng Meng was being awarded Bachelor of Automotive Engineering by Shanghai University, PRC in the year 2013. Mr. Cheng Meng is also currently the Executive Vice President of the Thailand-Anhui Business Council.
The Board truly believes that Mr. Cheng&rsquo s strong management skills and entrepreneur experience can definitely contribute a lot to the continuous development of the Company&rsquo s business and provide new insights on new business opportunities of the Company.
China&rsquo s Demand for Thai Durians Unaffected by Pandemic
May 12, 2020 Emily F
https://www.producereport.com/article/chinas-demand-thai-durians-unaffected-pandemic
According to Nikkei Asian Review, the demand for Thai durians on the Chinese market remains as robust as ever. To date, the spread of the novel coronavirus has not interrupted supply chains, and many Chinese buyers are rushing to pre-order Thai durians to get ahead of any potential supply issues that the epidemic may cause.
A large number of Chinese buyers arrived in Thailand ahead of this year&rsquo s durian harvest to purchase fruit directly from orchards. Owing to the unusual situation this year, the buyers visited Thai durian growers back in March and placed advance orders for durians before the fruit had ripened, then managed to fly back to China before the closure of international airports.
Although the Thai economy is feeling the effects of the pandemic, Chinese buyers are ordering durians as usual, and most Thai durian growers have already had their fruit ordered in advance. In addition, the easing of China&rsquo s lockdown policies coincided with the beginning of Thailand&rsquo s durian harvest, allowing growers to sell their pre-ordered durians in a timely manner.
Last year, the wholesale price of Thai durians was approximately 80&ndash 90 Thai baht per kilogram. This year&rsquo s durian supply has decreased owing to severe drought during the growing and early harvesting seasons, resulting in higher prices. Consequently, current durian wholesale prices are around 105&ndash 115 baht per kilogram. At one point near the beginning of the durian harvest season, retail prices on the Thai market even reached as much as 150 baht per kilogram.
Chanthaburi province is Thailand&rsquo s largest durian-growing area. In recent years, under the impetus of increasing Chinese demand and rising prices, many local farmers have been replacing their rubber plantations with durian orchards. As a result, Chanthaburi&rsquo s total rubber plantation area has decreased from 177,736 hectares in 2012 to the current area of 89,782 hectares. Durian orchards occupy almost all available land, with a current total area of 30,400 hectares.
Somnuck Jongmeewasin, a lecturer on environmental management at Silpakorn University International College, said that rubber prices have decreased over the past five years, prompting farmers to switch to the more profitable durians. Nearly half of Chanthaburi&rsquo s farmland is now occupied by durian orchards.
This trend can be observed over the whole of Thailand, not just Chanthaburi. Statistics from Thailand&rsquo s Office of Agricultural Economics reveal that the total area of durian orchards across the country increased from 96,000 hectares in 2012 to 152,000 hectares in 2019. The farm gate price of golden pillow durian fruit has also increased, rising from 35 baht per kilogram seven years ago to 100 baht per kilogram in 2019.
To boost foreign exchange earnings, the Thai Ministry of Commerce has been very active in promoting the export of durians and other fruit to China. In 2018, Thailand produced 600,000 tons of durians. A significant proportion of these were exported, with 70% of Thailand&rsquo s exported durians going to China. In 2019, fruit accounted for almost 6.5% of Thailand&rsquo s total exports.
May 12, 2020 Emily F
https://www.producereport.com/article/chinas-demand-thai-durians-unaffected-pandemic
According to Nikkei Asian Review, the demand for Thai durians on the Chinese market remains as robust as ever. To date, the spread of the novel coronavirus has not interrupted supply chains, and many Chinese buyers are rushing to pre-order Thai durians to get ahead of any potential supply issues that the epidemic may cause.
A large number of Chinese buyers arrived in Thailand ahead of this year&rsquo s durian harvest to purchase fruit directly from orchards. Owing to the unusual situation this year, the buyers visited Thai durian growers back in March and placed advance orders for durians before the fruit had ripened, then managed to fly back to China before the closure of international airports.
Although the Thai economy is feeling the effects of the pandemic, Chinese buyers are ordering durians as usual, and most Thai durian growers have already had their fruit ordered in advance. In addition, the easing of China&rsquo s lockdown policies coincided with the beginning of Thailand&rsquo s durian harvest, allowing growers to sell their pre-ordered durians in a timely manner.
Last year, the wholesale price of Thai durians was approximately 80&ndash 90 Thai baht per kilogram. This year&rsquo s durian supply has decreased owing to severe drought during the growing and early harvesting seasons, resulting in higher prices. Consequently, current durian wholesale prices are around 105&ndash 115 baht per kilogram. At one point near the beginning of the durian harvest season, retail prices on the Thai market even reached as much as 150 baht per kilogram.
Chanthaburi province is Thailand&rsquo s largest durian-growing area. In recent years, under the impetus of increasing Chinese demand and rising prices, many local farmers have been replacing their rubber plantations with durian orchards. As a result, Chanthaburi&rsquo s total rubber plantation area has decreased from 177,736 hectares in 2012 to the current area of 89,782 hectares. Durian orchards occupy almost all available land, with a current total area of 30,400 hectares.
Somnuck Jongmeewasin, a lecturer on environmental management at Silpakorn University International College, said that rubber prices have decreased over the past five years, prompting farmers to switch to the more profitable durians. Nearly half of Chanthaburi&rsquo s farmland is now occupied by durian orchards.
This trend can be observed over the whole of Thailand, not just Chanthaburi. Statistics from Thailand&rsquo s Office of Agricultural Economics reveal that the total area of durian orchards across the country increased from 96,000 hectares in 2012 to 152,000 hectares in 2019. The farm gate price of golden pillow durian fruit has also increased, rising from 35 baht per kilogram seven years ago to 100 baht per kilogram in 2019.
To boost foreign exchange earnings, the Thai Ministry of Commerce has been very active in promoting the export of durians and other fruit to China. In 2018, Thailand produced 600,000 tons of durians. A significant proportion of these were exported, with 70% of Thailand&rsquo s exported durians going to China. In 2019, fruit accounted for almost 6.5% of Thailand&rsquo s total exports.
This blue sentence caught my eye...i believe this is first time Company acutally disclose the orders which is quite huge at S$198 million....even if the profit margin is a few %, it will be millions of dollars contributed to the Group (where market cap is about S$50million)....
Meanwhile, NutryFarm has also incorporated a subsidiary in Singapore which has entered into four agreements totalling 962 million yuan (S$197.36 million) to sell fresh durians to major Chinese fruit importers. It added that it believes the fruit business could make " reasonable" profit contributions as well as generate positive cash flow to the group.
Pls do your own DD....
Meanwhile, NutryFarm has also incorporated a subsidiary in Singapore which has entered into four agreements totalling 962 million yuan (S$197.36 million) to sell fresh durians to major Chinese fruit importers. It added that it believes the fruit business could make " reasonable" profit contributions as well as generate positive cash flow to the group.
Pls do your own DD....
Nutryfarm International posts narrower loss in Q1 FY21
NUTRYFARM International narrowed losses to HK$0.96 million (S$0.16 million) for the three months ended Dec 31, 2020, from a net loss of HK$3.14 million a year ago.
Revenue for Q1 FY21 rose 12 per cent year-on-year to HK$14.69 million, with revenue generated solely by its subsidiary NFC.
Loss per share worked out to 0.91 HK cent, compared to a loss per share of 3.26 HK cents a year ago. Administrative expenses also eased by 37 per cent to HK$3.49 million during the quarter under review due to reduced staff costs and travelling expenses, which also helped to curb losses.
In an update, NutryFarm said that economic activities have slowly restarted in China, and that NFC is looking at ways to turn the business around.
Meanwhile, NutryFarm has also incorporated a subsidiary in Singapore which has entered into four agreements totalling 962 million yuan (S$197.36 million) to sell fresh durians to major Chinese fruit importers. It added that it believes the fruit business could make " reasonable" profit contributions as well as generate positive cash flow to the group.
one of spotlight creeping up lately to watch. improved earning and revenue with new subsidary which expect to have a positive impact on its earning as reported.
recent contracts over 24m, and in additon to ongoing 200 containers for giant coy moonka. more expecting upcoming contracts for supply chain for over 500 containers of fresh durians for first half year. all year round, the durian and tropical fruits export to china is expected to reach a new height.
good time to collect fast and cheap. target 60-70 will be supported.
recent contracts over 24m, and in additon to ongoing 200 containers for giant coy moonka. more expecting upcoming contracts for supply chain for over 500 containers of fresh durians for first half year. all year round, the durian and tropical fruits export to china is expected to reach a new height.
good time to collect fast and cheap. target 60-70 will be supported.
Nutryfarm to sell S$24m worth of fresh durians to China firm
A WHOLLY-OWNED subsidiary of Nutryfarm International is selling 180 containers of fresh durians to a China-based company for RMB117 million (S$24 million).
The subsidiary, Global Agricapital Holdings, has entered into a binding import-purchase agreement with Shanghai Yuqu Trading Co, said Nutryfarm in a bourse filing on Monday. Yuqu principally engages in the businesses of import, trading and distribution fruits and vegetables.
Under the agreement, 30 per cent of the total purchase price will be paid to Global Agricapital as advance payment on a mutually agreed upon date. The remaining 70 per cent is to be paid after Yuqu has received and inspected the goods.
The delivery period will be between Feb 20 and May 21, 2021. The parties have also agreed that Global Agricapital will promptly respond to Yuqu' s requests for detailed status updates.
In addition, Global Agricapital will guarantee the production volume at the place of origin and exercise strict quality control over the goods based on the requirement of the cooperative channel supplier.
It said none of its directors or substantial shareholders has any interest in the possible transactions, save for their shareholdings in Nutryfarm.
The farm no more durians is it ?
ThankYou ( Date: 15-Jan-2021 12:00) Posted:
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Bro Mbullish said the final thank you to Durian B.B. I also wish durian B.B. Huat! May their harvest every SUNRISE be in great ABUNDANCE!
alleyboy ( Date: 28-Dec-2020 16:09) Posted:
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What happened?
Any more upside?
Halt?
SUPER powerful BBs
Thank you durian BB
Thank you durian BB
Thank you durian BBs
Most powerful BB
43
Malaysian BBs boleh
Across the straits
Most powerful BB
43
Malaysian BBs boleh
Across the straits
Former name is LottVision.
PQTPQK ( Date: 16-Dec-2020 09:28) Posted:
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what is the former name of this cos ??
Joelton ( Date: 16-Dec-2020 09:27) Posted:
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NutryFarm continues to rise a day after SGX query
SHARES of mainboard-listed NutryFarm International continued to rise on Tuesday amid heavy volume, a day after it was queried by the Singapore Exchange regarding trading activity and unusual price movements in the company' s shares.
NutryFarm' s shares rose 17.1 per cent or six cents on Tuesday to close at 41 Singapore cents.
Around 2.7 million shares changed hands on Tuesday, significantly higher than the daily volume of less than 200,000 shares traded on average in the months of October and November.
For the month of December, NutryFarm' s share price has already jumped more than 2.5 times, compared to the 15 Singapore cents close on Nov 30. Trading volume has also been higher than average for most of December, with daily volume of more than one million shares in the past five trading days.
Singapore Exchange Regulation (SGX RegCo) had on Monday afternoon issued a query to NutryFarm International on its trading activity, after noting " unusual price movements" in the company' s shares recently. It was the second query issued to NutryFarm in the past three months.
It asked the company if it was aware of any information not previously announced concerning the company, or other possible explanations, that may explain the trading. SGX RegCo also asked the company to confirm its compliance with listing rules.
In its response on Monday night, NutryFarm said it was not aware of any material information not previously announced that might explain the unusual price movements. It was also not aware of any other possible explanation for the trading, and confirmed it was in compliance with listing rules.
Prior to the SGX query on Monday, NutryFarm' s previous announcement was on Dec 10, in relation to the appointment of an executive director of the company.
The company last reported financial results in August for the quarter ended June 30, 2020. It recorded a net loss of HK$1.1 million (S$189,250), compared to a HK$3.6 million loss in the year ago period. Revenue in the latest quarter was HK$12.2 million, up from HK$10 million previously, mostly from a subsidiary.
NutryFarm said its subsidiary was impacted by Covid-19 and temporarily ceased manufacturing of goods earlier in the year. The subsidiary also imports products of mixed drinks of Lutein ester and blueberry and crispy oatmeal, which was noted to have low profit margin.
Prior to the impact of Covid-19, NutryFarm had said in previous financial statements that its subsidiary faced challenges arising from the depressed market for nutritional products in China.
NutryFarm was previously queried by SGX on Sept 23. Its shares had nearly doubled on that day, rising from 5.6 Singapore cents to 11 Singapore cents.
Back then, the company had also said it was not aware of any material information not previously announced that may have caused the trading. The company had noted that it had entered into placement agreements with two investors for the subscription of 19 million new shares at four cents per share earlier in September.
The company later announced that the placement shares were listed and quoted on the mainboard of the Singapore Exchange on Nov 19.