Sino Grandness

(18-03-2016, 09:21 PM)butcher Wrote: The auditor is Foo Kon Tan right?
Does the auditors matters?
I have interaction with a Big 4, D.  Their auditors are also very noob.  Big 4 doesn't mean anything.

Hi Buthcer

Foo Kon Tan is Sino's auditor.

For the IPO of Garden Fresh, IPO sponsors have appointed one of the big four to be the reporting accountant. Sino has indicated that it is not advisable to reveal the identity of the reporting accountant at this stage.

(19-03-2016, 12:43 AM)crubs Wrote:

(18-03-2016, 10:05 PM)CityFarmer Wrote: The new regulation in SEHK has made the sponsor matter to me, since sponsors are having more liabilities now. May be not to you due to your high conviction.

Anyway, based on general principle of disclosure, a "should" isn't a very demanding assumption, with the high profile IPO. Dali Food is also listing its subsidiary? Any direct reference?

BTW, do you know who are the sponsors?

(not vested)

I do not know who the sponsors are.

I agree, sponsors have more liabilities now due to the new regulations and thus play an important role. However, I'm just pointing out the fact that Sino Grandness is not required to disclose who the sponsors are prior to submission of the prospectus. 

There are no companies in an identical situation to GF. But another comparison would be Eindec, which recently spun off from Weiye Holdings and listed on the SGX. They did not disclose the sponsor until the prospectus was published.

I don't think there are any separate rules for "high" or "low" profile listings.

I'm puzzled as to why investors seem to demand more from Sino Grandness than what is required.

Anyway, we will find out soon when the draft prospectus gets submitted.

Firstly, the Dali Food IPO. I have done preliminary study, the company is a private company before IPO, which is a totally different case, than Sino G.
http://www.bloomberg.com/news/articles/2...g-kong-ipo

Next, I agree no company is having an identical situation. It is a special case. Both bond-holders and equity-holders fates are highly depending on the IPO, thus the special "demand".  

Anyway, from other posts, it seems the sponsorship is a trade secret, thus no point to search further. Let's wait for the draft prospectus.

(not vested, and monitoring)

Why are there no other analyst reports on Sino Grandness other than by Maybank Kim Eng?

There is a 29 Feb 2016 report written by Simeon Ang of Maybank Kim Eng that mentioned about a worst case scenario of SG issuing 30% more equity to repay convertible bond holders.

(20-03-2016, 10:10 AM)tiongkokgor Wrote: Why are there no other analyst reports on Sino Grandness other than by Maybank Kim Eng?

There is a 29 Feb 2016 report written by Simeon Ang of Maybank Kim Eng that mentioned about a worst case scenario of SG issuing 30% more equity to repay convertible bond holders.

Sometimes you read papers you find it strange how come this 
Company news got reported while others are not though the other
Company news is more significant. 

Is all due to human nature lah. They report what will benefit 
them most or they had connection with the boss of the company. 

Is good that no analyst report on Sinograndes. It is either 
these analyst still do not believe the story of garden fresh IPO 
Or they have not bought enough yet to write a beautiful 
report to get more people to buy so that they can sell to these people
who will be rushing in late into the game.

mp.weixin.qq.com/s?__biz=MzA3MTExMTYyMg==&mid=416598464&idx=1&sn=22f126275c84428040d895849d2bda3a&scene=0#rd
New drink launch. Coconut juice from SEA. Could this be from Thailand?

Photos from Chengdu Tradeshow.
mp.weixin.qq.com/s?__biz=MzA3MTExMTYyMg==&mid=417234752&idx=1&sn=423e7184efa3832f7b463660f54f0498&scene=0#rd
(photo 13)

(20-03-2016, 12:52 PM)Tcc Wrote:

(20-03-2016, 10:10 AM)tiongkokgor Wrote: Why are there no other analyst reports on Sino Grandness other than by Maybank Kim Eng?

There is a 29 Feb 2016 report written by Simeon Ang of Maybank Kim Eng that mentioned about a worst case scenario of SG issuing 30% more equity to repay convertible bond holders.

Sometimes you read papers you find it strange how come this 
Company news got reported while others are not though the other
Company news is more significant. 

Is all due to human nature lah. They report what will benefit 
them most or they had connection with the boss of the company. 

Is good that no analyst report on Sinograndes. It is either 
these analyst still do not believe the story of garden fresh IPO 
Or they have not bought enough yet to write a beautiful 
report to get more people to buy so that they can sell to these people
who will be rushing in late into the game.

Experienced investor indeed, yes, it's biz as usual lah,

More info and photos. A few new drinks launched..check it out. Longan and coconut juice should be products from the Thai partner. This shows the Thais are relying on the distribution network of Garden Fresh. The Thais are not coming out with new brand instead they are relying on the established brand of Garden Fresh..

Looks like sales is going to be good.

mp.weixin.qq.com/s?__biz=MzA3MTExMTYyMg==& mid=417397541& idx=1& sn=652c153d725fad8a4ecb7ce8ab076a60& scene=0#rd

3rd day photo of tradefair in Chengdu. There were coverage by medias like Youku, Tudou as well.

mp.weixin.qq.com/s?__biz=MzA3MTExMTYyMg%3D%3D& mid=417553916& idx=1& sn=ea9be09b1b4f0a504df47af87870fe65& scene=0#rd

(21-03-2016, 07:00 PM)leeeta Wrote: More info and photos. A few new drinks launched..check it out.  Longan and coconut juice should be products from the Thai partner. This shows the Thais are relying on the distribution network of Garden Fresh. The Thais are not coming out with new brand instead they are relying on the established brand of Garden Fresh..

Looks like sales is going to be good.

mp.weixin.qq.com/s?__biz=MzA3MTExMTYyMg==& mid=417397541& idx=1& sn=652c153d725fad8a4ecb7ce8ab076a60& scene=0#rd

Hi Leeta

Interesting.  I recalled reading this on the Edge magazine that the Thais wanted to distribute their products through Garden Fresh channels and so I searched and landed on your post 563. This was posted >>

"The edge magazine dated March 16 2015 reported conversation with Chalermchai.

For me, food is a good industry to be in, but we have to know the market. By buying into Sino Grandness, we start somewhere. We don't start from zero. If you launch a product in China and you start from zero, you go no where. But if you have a local partner who knows the local culture, it's a lot easier. In fact, many Thai beverage manufacturers have since approached TTA to help them distribute their products in China through the distribution channels of Sino Grandness."


Looks like they had developed good partnership together.

Cheers
Oldman9

Good news for TTA & Sino G. But cannot access the websites using leeta's links.