Sino Grandness

Report from UOBKH stated that the Thais had engaged a top four (KPMG) auditor to check on SinoG's financial.. This newman9 must be kidding when he said that all it takes was a 20min presentation and a sip of the loquat juice to make a decision.

[url=
http://research.uobkayhian.com/content_d...2d52ca58aa[/url]

UOBKH also reported that their tgt price of 95cts is based on figures from 2011-2013, the valuation would be higher[/php] now.

China Essence has a negative equity now...

of course, IDs and management are still receiving salary, when there is almost no production operation in the company now...

*******

CHINA ESSENCE NAMED ONE OF FORBES CHINA’S
MOST PROMISING COMPANIES 2010

Singapore, 7 January 2010 – China Essence Group Limited is proud to announce that it has been recognised as one of China’s fastest-growing companies, ranking 25th out of 200 companies in the Forbes
China Most Promising Companies 2010 list.

The integrated producer of potato products edged out some
8,000 small-and-medium enterprises (SME) surveyed across 26 provinces in China.

Mr Zhao Libin, CEO of China Essence, said, “We are extremely delighted and humbled to receive this recognition, which comes on the back of an extremely challenging 2009. This is the first time China
Essence has made it to this prestigious list, bearing testament to our commitment in ensuring high product quality and delivering consistent financial results amid difficult operating conditions.”

Forbes China unveiled the results of its sixth annual Most Promising Companies on 5 January 2010. The independent survey studied and ranked the SMEs according to key indices in the areas of growth (3-year weighted sales growth rate and profit growth rate), rate of return (3-year weighted ROA and ROE), profit (sales margin) and enterprise scale. The Forbes China team also made on-site visits to selected companies. 200 companies deemed to have the greatest growth potential made it to the list, including
100 listed and 100 non-listed companies.

Mr Zhao added, “As we enter 2010, China Essence remains focused on proactively conducting our business with the best corporate and financial practices, and a high level of integrity. It is the collective
passion and effort of our staff, and confidence our loyal shareholders place in us that have placed China Essence ahead of the competition. We are committed to delivering greater value and returns to our
customers and shareholders in the years ahead.”

(10-12-2014, 06:35 PM)cyclone Wrote: Wow. Congratulations for being one of the Best Under A Billion companies in 2014

Mainboard-listed Sino Grandness Food Industry Group Limited 中华食品工业集团有限公司 (“Sino Grandness” or “the Company” and together with its subsidiaries, the “Group”) (stock code : T4B.SI), a Shenzhen, China based food and beverage company principally involved in the production and distribution of fruit juices as well as canned food products is pleased to announce that the Company was selected by Forbes Asia as one of the “Best Under A Billion” companies in 2014.

http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

<not vested>

So what are you implying CuriousParty ..that all those that receives an award from Forbes will end up like China Essence?
But then again the award is not important..what is important is that SinoG is real and has a growing credible business.

I think the implication is this - don't read too much into these financial or even SIAS corporate governance awards.

Follow the cash generation trail instead.

leeeta Wrote:So what are you implying CuriousParty ..that all those that receives an award from Forbes will end up like China Essence? But then again the award is not important..what is important is that SinoG is real and has a growing credible business.

Yes , china essence is real . Sinograndness also real .

(11-12-2014, 12:11 PM)Curiousparty Wrote:

leeeta Wrote:So what are you implying CuriousParty ..that all those that receives an award from Forbes will end up like China Essence? But then again the award is not important..what is important is that SinoG is real and has a growing credible business.

Yes , china essence is real . Sinograndness also real .

What warp logic.

(10-12-2014, 10:15 PM)leeeta Wrote: Report from UOBKH stated that the Thais had engaged a top four (KPMG) auditor to check on SinoG's financial.. This newman9 must be kidding when he said that all it takes was a 20min presentation and a sip of the loquat juice to make a decision.

[url=
http://research.uobkayhian.com/content_d...2d52ca58aa[/url]

UOBKH also reported that their tgt price of 95cts is based on figures from 2011-2013, the valuation would be higher[/php] now.

Engaging big 4 to audit means nothing, they checked on accounts that have been massaged, u think loquat boss really open kimono for auditors?

desmondxyz Wrote:Engaging big 4 to audit means nothing, they checked on accounts that have been massaged, u think loquat boss really open kimono for auditors?

agreed with you . It would be naive to think that engaging top class auditors would mean company account is rock solid .

^^ yes but it is a matter of degree of comfort... I would take Big4 anytime rather than Grant Thornton

I am vested.

That said, I am not sure I would trust UOBKH.

I have a UOBKH broker friend that tells me that he has inside news that Sino Grandness is "fake", half a year ago; that said, for the 1 year that he worked in UOBKH, he has lose ALL the salary he made in that 12 months, trading on "inside news". Now he sells insurance or something.

So much for "inside news"...