Super Group

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#1
Super Group announced its 3QFY10 results today. NP increased by 49% yoy, mainly due to higher ingredient sales in China.

http://info.sgx.com/webcoranncatth.nsf/V...penelement

http://info.sgx.com/webcoranncatth.nsf/V...penelement

What I don't like is that CFO dropped due to higher inventories and trade receivables. Super needs to keep these in check going forward.
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#2
Super released their FY10 results today and they produced a stellar performance again. Their net profits grew 46.7% yoy. Gross margin increased to 37.3% vs 34.9% last year.

More info at http://info.sgx.com/webcoranncatth.nsf/V...penelement

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#3
Super has very low tax rate of around 10% only. wonder how much longer will their tax concession last and how much impact to the bottom line when the tax concession ceases.
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#4
Wow this Super group really up breaking new high. Viz Branz also following. Valuation of both Co. will get a boost to the sector....

At this point, Super is still cheap if measured against topline growth of 25%. It can easily hit 12cts EPS, that will be a low PEG ratio of 0.78.

I suspect, the F&B sector is trading at the low end of PEG ratio and if re-rate due to commodities price fall, we could see better valuation ahead.... or is it a take over party involve....

Remember Nestle deal on HsuFuChi....wow, PE of 25 and yet its PEG ratio 0.8...
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#5
ValueBeliever Wrote:Remember Nestle deal on HsuFuChi....wow, PE of 25 and yet its PEG ratio 0.8...

Hsu Fu Chi was the #2 player (6.8% market share, second only to Mars which had 15.5%) in an important market (China) where Nestle had only a small presence (0.3%). Also its products did not compete directly with Nestle so there was no cannibalization. I was quite sad to see Hsu Fu Chi go.

In Super's case, Nescafe is a direct competitor, and Southeast Asia is a comparatively smaller market. Also, Super's recent growth has come from the ingredients business, which is much more of a commodity with limited pricing power.
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#6
I think something is not right with the trading pattern. Seems to me, Super is in some kind of deal iszit? It's trading somewhat similar to HsuFuChi before the big deal came. Big spike up and down 2 times - its like there is talk and then suddenly silence. 1 party agree and the other appear un-interested?

Ppl sell and then buy back strongly when there is headwind in the deal. But now it appears to be in a strong breakaway pattern. Extreme overbought and yet it still continue in this pattern. Unless you're in the known, how can it be that ppl continue to buy up?

No courage for Hsu, do you have the courage for local real S stock?
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#7
(03-04-2012, 06:57 PM)ValueBeliever Wrote: No courage for Hsu, do you have the courage for local real S stock?

For a true Value Believer, the courage (to buy) comes from the Value (our spiritual GrandMaster called it Intrinsic Value). The more it's Under-Valued, the greater the courage. Nothing to do with pattern matching... Tongue

<Not Vested>
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
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#8
(03-04-2012, 06:57 PM)ValueBeliever Wrote: I think something is not right with the trading pattern. Seems to me, Super is in some kind of deal iszit? It's trading somewhat similar to HsuFuChi before the big deal came. Big spike up and down 2 times - its like there is talk and then suddenly silence. 1 party agree and the other appear un-interested?

Ppl sell and then buy back strongly when there is headwind in the deal. But now it appears to be in a strong breakaway pattern. Extreme overbought and yet it still continue in this pattern. Unless you're in the known, how can it be that ppl continue to buy up?

No courage for Hsu, do you have the courage for local real S stock?

You could be right. Some years back the Te family almost sold out for some reason. The price swings were quite similar.
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#9
An executive director sales of 50lots yesterday:
http://info.sgx.com/webcorannc.nsf/Annou...endocument

Does this mean that there ISN'T any G.O. or other price sensitive stuff brewing up recently?
Because if there is, he will be charged of insider trading already?
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#10
seemed like it's more of the Myammar speculation...

http://sg.finance.yahoo.com/news/stocks-...04109.html
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