the Thai investor has been actively accumulating the stock (buying almost every other day in the past one month) and the latest transaction bring their total shareholding to 14.275%
since the Thais have shared that they take a long term view of the investment in SinoG, it is possible that they may continue to accumulate in the next one year until they reach an even more sizable level perhaps at 20% stake
and if that happens ie with major shareholders (CEO and Thais) holding more than 60% and if stock continue to trade at low valuation, then other corporate actions may occur as we have seen in other listed companies
The Nanjing trade show just ended. An article of it was published in nextinsight. It mentioned that Kamolsut Dabbaransi, the son-in-law of Prayudh Mahagitsiri graced the occasion. The handsome Thais has brighten up the event.
TTA is one of the 2 Thai corporate shareholders in Sino Grandness and its investment in SG represent less than 20% interest in SG. However, the investment is accounted as an associate company in TTA books mainly because of TTA appointed representatives in SG board of directors, therefore TTA has to equity account (i.e. TTA equity stake in SG * financial results of SG) for SG profits and losses in its consolidated financial statements.
The document can be found in TTA's website. The merits of the investment were shared by 2 directors of TTA.
I read thru the posts. GG post isn't a direct accusation, but a misleading statement, and Young Investor has presented the doubt. Instead of wasting our time on the matter, I will remove all related posts. Let's focus more on the company related info and discussion
Mr. Kamolsut Dabbaransi (son-in-law of M Prayudh) is the Senior Executive Vice President, Head of Food & Beverage.
He joins TTA from PM Group, where he has held the post of Chief Business Development Officer and served as CEO/Founder of Mugendai Tempura and Sushi Bar, one of the most Japanese fine dining in Bangkok. Prior to his post at PM Group, he also served as Vice President – Business Development and Associate – Investment Banking at the SCB Securities Co., Ltd., after having starting his career several years earlier with Green Spot Co., Ltd.
Mr. Dabbaransi received a Master of Science in Actuarial Science from Boston University, USA and a Bachelor of Science in Industrial Engineering and Operation Research from University of Massachusetts, USA.
He had worked in Green Spot, a beverage company that has presence in Thailand. Thus, has experience in beverage business.
The "secured indicative" sounds oxymoron, IMO. I has checked, it was used in the original company announcement, rather than from the author.
An orders of beverage products, with value of S$85 million, over a week, is definitely very impressive. Last full year revenue was around S$600 million, the week achieved close to 15% of the revenue...
(not vested)
Sino Grandness says more than $85 mil in ‘indicative’ orders clinched for loquat drinks
SINGAPORE (Nov 9): Sino Grandness Food Industry Group ( Valuation: 2.10, Fundamental: 1.50), the producer and distributor of fruit and vegetable juices as well as canned food products, says it has secured indicative orders for Garden Fresh beverage products exceeding RMB 380 million ($85 million) after the conclusion of the autumn trade show held in Nanjing, China, during the last week of October.
... http://www.theedgemarkets.com/sg/article...uat-drinks
CityFarmerThe "secured indicative" sounds oxymoron, IMO. I has checked, it was used in the original company announcement, rather than from the author.
An orders of beverage products, with value of S$85 million, over a week, is definitely very impressive. Last full year revenue was around S$600 million, the week achieved close to 15% of the revenue...
(not vested)
Sino Grandness says more than $85 mil in ‘indicative’ orders clinched for loquat drinks
SINGAPORE (Nov 9): Sino Grandness Food Industry Group ( Valuation: 2.10, Fundamental: 1.50), the producer and distributor of fruit and vegetable juices as well as canned food products, says it has secured indicative orders for Garden Fresh beverage products exceeding RMB 380 million ($85 million) after the conclusion of the autumn trade show held in Nanjing, China, during the last week of October.
... http://www.theedgemarkets.com/sg/article...uat-drinks
(11-11-2015, 01:24 PM)fattboy Wrote: Sino Grandness has a new business in snack food. This should boost profit.
Subsidary Hao Tian Yuan industry (shenzhen) co., ltd
好田园
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The snack business can't contribute much as it is new.
It is more worthwhile to turn attention to Garden Fresh, which is expected to benefit from geographical expansion as well as margin expansion.
Gross profit margin for the first half of this year was 45%, 4 percentage points higher year-on-year, as a result of commercial production of the Hubei beverage factory starting October last year.
Garden Fresh owned no factory at the outset. It relied on other beverage companies in coastal areas.
Its first factory, 70,000 tonnes, in western province of Sichuan, was built only when demand reached an acceptable level.
The second factory, 240,000 tonnes, and equipped with newer technology, is in Hubei, central China.
Nextinsight article "Sino Grandness visit; video of loquat juice production" has stated that the new Hubei factory is now operating at half capacity:
Full production at the Sichuan factory plus half production at the Hubei factory should give rise to a quarterly volume of 47,500 tonnes, or revenue of RMB 237m, which was about one-third of beverage sales (RMB 625m) in the second quarter of 2015.
The third factory is being built in Anhui (contiguous with the coastal province of Jiangsu) for completion next year.
The three factories' combined capacity of 550,000 tonnes can yield RMB 2,750m in revenue. (Beverage sales were RMB 1,877m in 2014, and 22% higher in the first half of 2015.)
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