sino grandness - undervalued stock

@ AGM (Suntec City)



Big turnout. Clarity shed on dividend, Thai loan, management cost, deposits for production lines, etc. All in all, sounds positive. Mgt could not talk abt progress of IPO application as this is forbidden by HKEx.

The current price, knocked down by some short-sellers, is very attractive at 61.5 cents.
Just see it in perspective:

In 2013, Garden Fresh achieved net profit of about RMB 264 m.
Then in May 2014, UOB Kay Hian put out a report with a $1.04-$1.54 target price.

SINO GRANDNESS -- Buy, target $1.04-$1.54

Since then, Garden Fresh has grown enormously. Its 2015 net profit was about RMB 400 m!

What would UOB KH's price target today be (if it had not given up coverage)?

SGX mainboard listed F&B company Sino Grandness’ senior management (CEO Mr Huang and CFO Mr Goh) will be present in Singapore to hold our 1Q2016 results briefing on :

Date : 12 May 2016 (Thursday)

Time : 515pm
Venue : Six Battery Road #10-01 Singapore 049909 (at RHT Corporate Office)
We would like to invite you to attend the results briefing if you have time.

Kindly let me know if you can make it.

Best Regards,
Stephen Yong
VP, Investor Relations
Tel : +65-92999316
Email : ssyong@grandnessgroups.com


NI admin comment: If you are a shareholder of Sino Grandness, you can ask Stephen if you can attend too. It's limited seats, so ask early (and politely)!

according to post at sharejunction.com

HuathuatLeo ( Date: 11-May-2016 08:05) Posted:

The rise is becoz of
1. Result coming. Expecting this to be a blockbuster result. Read that trade show was very successful. Song ahhhh.
2. IPO in less than 2 months. Shiok ahhh.
3. Heard from people that nestle might jeeb... Hahaha. Huat ahhh.
4. Besides ever growing revenue from beverage business their canned is going to do well from now on. The canned business will be next to grow as they ramp up production capacities. One reason for the loan from TTA. Chiong ahhhh.
5. Once IPO..sino's cloud of doubt will disappear and there will be blue skies. Rocket time to $3.
Lmao hahahha

Share price has touched 76 cents, a nice breakthrough! Shortist Ronald K was caught unawares ?? Teaching people to short without understanding the underlying business fundamentals is a very risky game, as Sino Grandness is proving.

There should be a way to police the market. People are lying and starting false rumors as part of new Way to make money in the share market. Don't trust WhatsApp messages that are circulated. it's manipulation. Sino Grandness fell victim today.