Someone wishes to share pix taken in China of a can of CHINA MINZHONG's loquat tea.
The recently-released financials of Minzhong shows that its beverage division (mainly loquat juice & loquat tea) reported 47.4% gross profit margin in 1QFY15 (July-Sept 2014).
This margin is even higher than Garden Fresh's 40%. Does this make Garden Fresh more credible now to skeptics?
Near-term, expectations have been re-set, limiting upside. Garden Fresh can continue to grow. However, will trade receivables grow more and exceed 1 billion rmmb?
1. Convertible bonds I & II -- how will Garden Fresh repay if the IPO doesn't happen?
2. Why directors are not holding/buying shares?
3. CEO Huang's recent buying is not exactly inspiring. Does he really view the stock as being ridiculously cheap?
4. Why is Sino's A&P as a % of revenue low compared to peers?