Qian Hu Corporation

[Kelvin]

Arowana prices has dropped drastically due to oversupply from neighboring countries

Pricing for arowana has dropped easily 50%.

[greengiraffe]

http://www.businesstimes.com.sg/companie...-falls-102

Qian Hu's Q3 revenue dips; profit falls 10.2%
By
Jamie Lee leejamie@sph.com.sg@JamieLeeBT
16 Oct5:50 AM
Singapore

QIAN Hu Corporation on Wednesday posted a 10.2 per cent fall in net profit for the third quarter as revenue dipped and cost of sales inched up.

The ornamental fish group said net profit for the three months ended Sept 30 was S$79,000, down from S$88,000 registered a year

[cyclone]

[Image: albino_super_red.jpg]
Albino Violet Fusion Super Red Arowana

[Image: albino_golden.jpg]
Albino Golden Arowana

Profit Guidance for Fourth Quarter 2015

5 January 2016, Qian Hu Corporation Limited wishes to announce that, following a preliminary review of the unaudited financial results of the Group, its financial results for the fourth quarter ended 31 December 2015 will not be profitable.

The Group expects to remain profitable for the financial year ended 31 December 2015, but its profit will not be comparable to that of the previous financial year.

Further details of the Group’s performance will be disclosed when the Group announces its fourth quarter and full year audited financial results after trading hours on 12 January 2016.

[butcher]

Qian Hu just concluded its AGM on 19/3/16, its AGM minutes are uploaded:-
http://qianhu.listedcompany.com/newsroom...IGI9.1.pdf

Seems that its shareholders have lambasted the management with lotsa questioning

[brattzz]

it's a tough biz really... EU & China suffering from slowdown... got to hang in there for mid-long term...

[butcher]

No vested position from me. I know a number of people praising them for their good annual report. Harvard Business Review style. Good Game Wll Played.

[hh488]

Qian Hu just concluded its AGM on 19/3/16, its AGM minutes are uploaded:-
http://qianhu.listedcompany.com/newsroom...IGI9.1.pdf

Seems that its shareholders have lambasted the management with lotsa questioning

Hi Butcher

The above was minutes of the AGM in 2015.  Any link for the latest AGM?

[butcher]

Sorry, my mistake. The 2016 is at :-

http://qianhu.listedcompany.com/newsroom...5OIN.1.pdf

[corydorus]

The key benchmark is whether they can run the business well. I notice their general and admin expenses constitutes 25% of the revenue. Is the minority shareholders being milked ?

[ghchua]

Their shareholders KPI (Page 21 of latest annual report) is cost-revenue ratio of 30% or better and therefore it is within target.