Super Group

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#31
Ya lor, dunno if forming bubble or not, if burst liao can take another look hehe
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#32
Haiz...no bad news for this company, only good news... Tongue

Super Group posts 24% rise in Q1 net profit to $23mil

Super Group, the integrated instant food and beverage (F&B) brand owner, today announced a 24% increase in net profit to $22.9 million for the first three months ended 31 March 2013 (1Q13).

Revenue increased 9% to $132.4 million from $121.6 million. Gross profit margin improved 3 percentage points to 37% due to effective costs management and enhanced operational efficiencies arising from increased production capacity.

http://www.theedgesingapore.com/the-dail...23mil.html
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#33
Damn, keep risingAngry

Sold some at $4.10, then sold the rest at $4.52 hoping it will "normalise" but the counter cheong up to $4.60+

Must... resist... chasing...

My Investor psychology being tested.
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#34
I like their OWL instant coffee
cheap and good
I drink it every morning, haha
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#35
(14-05-2013, 03:06 AM)snowcap Wrote: Damn, keep risingAngry

Sold some at $4.10, then sold the rest at $4.52 hoping it will "normalise" but the counter cheong up to $4.60+

Must... resist... chasing...

My Investor psychology being tested.

For me i will be patient. In general, i will let it go until it comes back to me again, if ever. i don't usually chase after "HOT STOCK". if i miss making money this round i know there is always another. May be the same stock or a different one. The problem is whether i am alert to catch it? i missed FNN. It's one of my favourite that has made me money for a few cycles.
Cheers!
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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#36
Analyst reports...

OSK/DMG, TP $4.88, rating NEUTRAL
Scoop of the Day: 1Q13 recurring profit of SGD18.8m (+16% y-o-y, -9% q-o-q) was below our SGD23.1m projection, dampened by Myanmar concerns and rising costs. While overall revenue rose 9% y-o-y to SGD133m, SUPER’S branded product sales ticked up by only 1% y-o-y to SGD94m (our estimate: SGD104m) due to: 1) a ~10% decline in Myanmar as local distributors opted to stay light on inventory on riot concerns, and 2) a ~5% dip in Malaysia as the competition heated up. Ingredient sales were higher-than-expected at SGD38m, or +33% y-o-y (our estimate: SGD31m). Operating expenses rose to 19.1% of revenue (1Q12: 17.5%), driven by higher promotion expenses arising from its recent rebranding exercise and rising staff costs. we leave our FY13-FY14 estimates largely intact and lift our terminal growth assumption from 3% to 4.5% on promising growth from ingredient sales, as well as double-digit gains in China and Philippines in 1Q13. Given its strong cash generation and net SGD94m cash, our scenario analysis for a 20:80 debt-equity capital structure suggests that the stock’s FV may find support at ~SGD6.00. Maintain NEUTRAL and raising TP to SGD4.88 (Tan Han Meng)

http://remisiers.org/cms_images/research...tters_.pdf

MayBank Kim Eng, TP $6.30, rating BUY
 1Q13 results were within expectations. Recurring net profit growth
of 30% yoy were driven by higher revenue and better margins.
 While we expect margins to moderate over the next few quarters,
we still expect strength due to 1) higher-value products coming on
stream and economies of scale.
 With resilient earnings and a free cash flow which will grow
exponentially from next year, we think it is now appropriate to
value the stock on a DCF basis, which yields a fresh TP of
SGD6.30, implying 30% upside from here.

http://remisiers.org/cms_images/research...052013.pdf
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#37
Kim Eng pegging an implied 30x PER on forward earnings for 2013? Where is the margin of safety in that? Huh
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
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#38
wahhh 30 times earnings... le siao bo, si bei aggressive leh
machaim no margin of safety
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#39
(14-05-2013, 04:14 PM)Musicwhiz Wrote: Kim Eng pegging an implied 30x PER on forward earnings for 2013? Where is the margin of safety in that? Huh

The analyst's valuation model is DCF (3-stage?). Base on the report, the "culprit" is the 5 years FCF estimations.

The estimated FCF's average growth is approx 40% annually, from $38.3 mil in FY13 to $113.5 mil in FY17.

Wow... 40% consistently for 5 years, the analyst is very...very confident on the company cash generating capability... Big Grin

(not vested)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#40
Sign of TINA times:

Just scan through latest analyst report on Super Gp - 3-in-1 mix manufacturer. Share price $4.85 (target >$5) has done superbly well and now trades around 30x PER. With several mega delistings of F&B counters such as Cerebos, Hsu Fu Chi, APB and nearly F&N, fun managers are left with limited choices in the F&B space and hence the xiao performance.



(14-05-2013, 04:50 PM)CityFarmer Wrote:
(14-05-2013, 04:14 PM)Musicwhiz Wrote: Kim Eng pegging an implied 30x PER on forward earnings for 2013? Where is the margin of safety in that? Huh

The analyst's valuation model is DCF (3-stage?). Base on the report, the "culprit" is the 5 years FCF estimations.

The estimated FCF's average growth is approx 40% annually, from $38.3 mil in FY13 to $113.5 mil in FY17.

Wow... 40% consistently for 5 years, the analyst is very...very confident on the company cash generating capability... Big Grin

(not vested)
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