Based on the latest SGX market report page 6, the company share was the top securities on loan, by volume, with ave daily volume of 2.9 mil shares.
The CDP SBL, is an expansive mean to short, and usually participated by non-professionals.
http://infopub.sgx.com/FileOpen/SGX%20Mo...eID=368694
(not vested, and sharing an info)
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
[
attachment=1389]Please find TTA notes to shareholders meeting on 29 Jan 2015 attached herein.
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.
Moderator log:
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
No further moderation needed.
Regards
Moderator CF
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.
https://en.m.wikipedia.org/wiki/Green_Spot_(soft_drink)
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
Hi All ,
For Garden Fresh beverage, orders received at trade fairs and sales (all in RMB m) are:
Year l Chengdu Trade Fair l Trade fair in other cities l Sales For 1st Half of the Year l Sales For Whole Year
2013
2014 390 300 ( ChongQin ) 860 1877
2015 470 380 ( NanJing ) 1048 xxxx
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
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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