Ng Chee Tat Philip has resigned as non-ED wef May 7
Reason for cessation: The resignation is in line with the changes made at Yeo Hiap Seng Ltd, the substantial shareholder of the company, where Mr Ng has relinquished his position as chairman and CEO at the conclusion of Yeo Hiap Seng Ltd’s AGM held on April 26.
Posts Tagged ‘coffeemix’
Super Coffeemix Manufacturing – Corporate moves
May 14th, 2010 |
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Super Coffeemix Manufacturing to be renamed as Super Group
May 11th, 2010 |
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Super Coffeemix Manufacturing says the company will be known as Super Group Ltd from 9 May.
The manufacturer of 3-in-1 instant coffee says the change has been approved by the shareholders at the Extraordinary General Meeting on 28 April.
The change of the company’s trading counter name on the SGX will take effect on 19 May.
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Super Coffeemix initiated a buy by Kim Eng with $1.33 target
May 4th, 2010 |
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Kim Eng Securities has started coverage of Super Coffeemix Manufacturing (S10.SG) with a buy with $1.33 target price, based on sum-of-parts valuation, according to Dow Jones.
Super Coffeemix started at ‘buy’ by DMG with $1.10 target
April 30th, 2010 |
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DMG has started Super Coffeemix Manufacturing (S10.SG) at “buy” with $1.10 target price, pegged at 8-year historical average P/E of 11.3x FY10 earnings, according to Dow Jones.
March 23: Banks, Singtel, Super Coffeemix, Huan Hsin, Rickers, Technics Oil and Gas
March 23rd, 2010 |
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Singapore’s benchmark Straits Times Index dropped 0.91% to close at 2,889.18 points yesterday. US stocks rose last night, building on last week’s strength, as the passage of a bill overhauling the healthcare system ended much of the uncertainty about the issue for investors. Stocks and factors to watch:
Super Coffeemix mulls Taiwan Depository Receipts
March 22nd, 2010 |
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Super Coffeemix Manufacturing is considering a proposal to offer and list Taiwan Depository Receipts (TDRs) of up to 30 million new shares on the Taiwan Stock Exchange. The TDR Shares will constitute 5.58% of the existing issued share capital, and 5.28% of the enlarged share capital of the company.
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Super Coffeemix posts 55% jump in net profit to $40.4m
February 23rd, 2010 |
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Super Coffeemix Manufacturing, the manufacturer and distributor of instant coffee and convenience food products, posted a 55% jump in net profit to $40.4 million for the financial year ended Dec 31 2009 (FY09) due to higher gross profit margin and a net gain from investment securities.
This occurred despite a 1% decrease in revenue to $296.3 million in FY09 from $300.2 million in FY08 mainly due to lower demand from the Mongolia, South Africa and Commonwealth of Independent States (CIS) markets. However, the group’s core markets of Southeast Asia and East Asia continued to perform well and grow.