DMG & Partners Securities in a Jan 13 research report says: “We hosted Sino Grandness (SFGI) at OSK-DMG‟s ASEAN corporate day on Jan 7, 2011 and investors’ response was positive. SFGI show-cased demo of its new TV-commercial, which will be aired after the Chinese New Year.
Posts Tagged ‘grandness’
Sino Grandness +3.8%; valuations compelling – Kim Eng
December 14th, 2010 |
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Sino Grandness Food (JS5.SG) is +3.8% at a month-high of $0.41, extending its 6.8% rise since the beginning of December. Investors appear unfazed by the impact of China’s rising food prices on the canned fruits and vegetables producer, on the view the company’s ongoing expansion of its distribution network and product range will pay off.
Sino Grandness flat; 3Q results impressive, says DMG
November 2nd, 2010 |
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Sino Grandness Food Industry (JS5.SG) off early highs, now flat at $0.420 after Shenzhen-based manufacturer, distributor of bottled juices, canned fruits, vegetables late yesterday says 3Q net profit +53.6% on year to RMB38.7 million ($7.5 million), revenue +49.9% on year at RMB191.9 million, primarily driven by rising orders for new beverage products.
Sino Grandness 3Q net profit surges 53.6% to $7.5m
November 1st, 2010 |
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Mainboard-listed Sino Grandness Food Industry Group, the Shenzhen based integrated manufacturer and distributor of bottled juices and canned fruits and vegetables, today reported that net profit attributable to equity holders for third quarter ended 30 September 2010 (3Q10) surged 53.6% to RMB38.7 million ($7.5 million) from RMB25.2 million a year ago. This was achieved on the back of a 49.9% increase in group revenue to approximately RMB191.9 million from RMB128.0 million, primarily driven by surging orders for its new beverage products comprising bottled juices and canned herbal drink.
Sino Grandness Food Industry Group rated ‘buy’ by Phillip Securities
October 11th, 2010 |
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Phillip Securities Research in an Oct 7 research report says: “Sino Grandness Food Industry Group Ltd (SFGI) announced a private share placement to issue 20 million new shares at a placement price of 35 cents. The private placement will raised estimated net proceeds of $6.7 million.
Sino Grandness target price raised to $0.50 by DMG
August 17th, 2010 |
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DMG & Partners has raised its target price for Singapore-listed Sino Grandness Food Industry to $0.50 (US$0.37) from $0.40 and maintained its “buy” rating.
Sino Grandness produces canned food and juices.
DMG has raised its earnings per share forecast by 8% to 8.4 cents after the firm reported better-than-expected revenue and gross margin for its beverage business in the first half of the year.
Sino Grandness posts 86% rise in 1H net profit to $8.2m
August 13th, 2010 |
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Mainboard-listed Sino Grandness Food Industry Group, the Shenzhen based integrated manufacturer of canned fruits and vegetables today, announced for the first six months ended 30 June 2010 (1H2010), net profit attributable to shareholders jumped 85.8% to RMB40.9 million ($8.2 million) from RMB22.0 million in the same period last year (1H2009).
Earnings per share in 1H2010 was 16.6 RMB cents while net asset value per share as at 30 June 2010 was 126.2 RMB cents.
Sino Grandness Food down 4.2%; $0.32 support
August 10th, 2010 |
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Sino Grandness Food (JS5.SG) down 2.8% at $0.345 as broad market retreat negates news of company sealing agreements with distributors to sell its new bottled juices in China, move which canned fruits supplier expects would help boost FY10 earnings, according to Dow Jones.
But selling not widespread as volume mere fraction of Friday’s 12.3 million shares. 10-day moving average, last at $0.32, expected as support.
Sino Grandness unit invests $30.5m in Hubei plant for canned products and beverages
July 15th, 2010 |
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Sino Grandness Food Industry Group says wholly-owned subsidiary Shenzhen Grandness Industry Groups Co. has entered into a cooperation agreement with Dang Yang municipal government of Hubei province to invest RMB 150 million ($30.5 million) in the building of a production plant for canned products and beverages.
The municipal government has agreed to provide assistance and support in land acquisition and infrastructure as well as necessary administrative services to facilitate the project.
Sino Grandness Food Industry Group rated buy
July 9th, 2010 |
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Phillip Securities Research in a July 9 research report says: “The Group is a top exporter of canned fruits and vegetables in the PRC. The Group achieved a phenomenal triple-digits growth rate in 2007 while maintaining double-digit growth rates in the next two years for both top- and bottom-line.
Sino Grandness started at But by DMG with $0.40 target
June 29th, 2010 |
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DMG has started Sino Grandness Food Industry (JS5.SG) at Buy with $0.40 target price, based on 5x forward P/E, says Dow Jones.
Sino Grandness says business prospects remain strong for China’s top exporter of canned asparagus, long beans; trades at attractive 3.6x FY10 P/E, 6% dividend yield. Notes exports average +20% yearly over 2007-2009, driven by increased demand from supermarkets, discount chains in Europe.
Sino Grandness started at But by DMG with $0.40 target
June 29th, 2010 |
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DMG has started Sino Grandness Food Industry (JS5.SG) at Buy with $0.40 target price, based on 5x forward P/E, says Dow Jones.
Sino Grandness says business prospects remain strong for China’s top exporter of canned asparagus, long beans; trades at attractive 3.6x FY10 P/E, 6% dividend yield. Notes exports average +20% yearly over 2007-2009, driven by increased demand from supermarkets, discount chains in Europe.
Sino Grandness up 5.4%; earnings renew interest
March 3rd, 2010 |
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Sino Grandness Food Industry (JS5.SG) is up 5.4% at $0.295 in active trade as investors revisit stock after largely ignoring it in past months, with interest renewed by recent release of FY09 results.
After climbing to high of $0.485 in December since November listing, stock has been on sustained decline to around current levels, not far from IPO price of $0.29.
Sino Grandness posts 26% jump in full-year net to $13.7m
February 25th, 2010 |
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Sino Grandness Food Industry Group, the manufacturer and export-oriented supplier of canned fruits and vegetables, today announced a 25.6% jump in its net profit to RMB66.2 million ($13.7 million) for the full year ended 31 December 2009.
This was achieved on the back of higher sales of canned asparagus and mushrooms, which improved 22.7% and 97.3% respectively y-o-y, as the group secured more orders from customers in Europe and North America.
Sino Grandness Food Industry Group, increase exposure (initiating coverage)
February 10th, 2010 |
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SIAS Research in a Feb 8 research report says: “Sino Grandness is engaged in the manufacturing and sale of canned vegetables and fruits. We like Grandness’s high quality control over their manufacturing processes which have won them numerous international accreditations. We believe that this has contributed to their strong profit margin of 16% in 2008.