sino grandness - undervalued stock

pine
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13 years 3 months ago #5119 by pine

Replied by pine on topic Re:sino grandness - undervalued stock

Found this thread after some searching... My jaw dropped to see earlier postings in Aug 2010 when stock price was only 35 cents. Bugger now is 54 - proven indeed to be an undervalue gem.
Got anymore meat to run ? My broker recommending this one on the basis of excellent potential for its fruit juice drinks ....Sales are soaring - that's why every quarter results have been exceeding expectations. let's see what q4 have in store for us

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Dongdaemun
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13 years 2 months ago #5192 by Dongdaemun

Replied by Dongdaemun on topic Re:sino grandness - potential undervalue stock

I join the bandwagon. This one will go up some more.... Will keep it till 80 cents when PE is about 6x this year's expected earnings ,,,then c how.

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Rich
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13 years 2 months ago #5275 by Rich

Replied by Rich on topic Re:sino grandness - potential undervalue stock

good set of results. net profit up 77%. market weakness now is a Big Opportunity to buy at 49 cents..... anyone has another view ?? How can Middle East problems affect doemestic consumption of fruit/vege juices in China?

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laich
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13 years 2 months ago #5282 by laich

Replied by laich on topic Re:sino grandness - potential undervalue stock

hi
a more appropriate comparison is EPS as total no. of shares has been increased in FY10. the actual growth is merely 30% (RMB0.47 vs RMB0.36) instead of 77%.
the profit of RMB116.9m was just slightly below DMG forecast of RMB120m hv a target price of S$0.68. a bright spot is F&B division recorded a big growth with higher GP of 37% vs overall of 32%. it could be the driver of growth in FY11 as highlighted by the mgt during announcement.
a disappointment note was dividend declared merely 10% of FY10 earning....typical penny s-chip
current price of $0.51 with FY10 P/E 5.8x, will it be a good bet ????

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pine
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13 years 2 months ago #5283 by pine

Replied by pine on topic Re:sino grandness

laich, you are right - you are more precise. in terms of EPS performance.

However, that doesnt chnge the fact that the growth of earnings was stunning at 77% and if they can penetrate into Walmart and Carrefour, etc, the growth will continue for their juices. by the way, are you vested in sino grandness?

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laich
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13 years 2 months ago #5284 by laich

Replied by laich on topic Re:sino grandness - potential undervalue stock

hi
u r right, for FY11 the mgt is focusing on F&B as new growth area by spending agressively in sales n marketing n plan to set up a plant to make drinks.
i was invested in the said counter 3 mths ago but being kick out few days ago at a stop order of $0.55, currently comtemplating to jump in again....what is your take ????

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