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Super Coffee
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sun233
Elite |
20-Aug-2014 08:53
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Last few days someone has been buying up pre market.......... |
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lifeisgood
Supreme |
20-Aug-2014 07:39
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Selling may also be due to investors booking profits. The " sell half to recover cost and keep the other half free shares strategy." Imagine someone who bought at $1 or $1.35 a year ago, pre bonus. Now the share price has more than double. Some would sell the bonus shares and recover all his initial investment, while keeping the other half at no cost. So massive share overhang. Need to wait for selling to subside first.
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Kyoto2008
Elite |
20-Aug-2014 01:21
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Super is oversold on the stochastic indicator. In a rush to sell out, many forget the good fundamentals possessed by this co, ie, low debt, high cash flow (liquid), and importantly high ROE of above 20%. NAV may not be fantastic, yep price to book is 3 times, but do remember we are only concerned with net asset value in a take over situation, typically when the predator wants to strip the company and sell off the assets. Investors like to look for companies with high NAV and very low price to book value so that they can profit from a takeover situation if one comes along. A simple question to pose is does high NAV contribute to profitability of the co? No it does' nt. Therefore, the selling in my humble opinion has been overdone. And Super looks good now in terms ot price attractiveness. |
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KiLrOy
Elite |
19-Aug-2014 22:27
Yells: "I buy only what I can see." |
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Overall trend looks bearish to me since the 7AUG2013 high but on a shorter term, it' s also the second time the price has dropped to this level since 17-19JUN2014. Short term Double Bottom bet to try for 1.50? :) or wait for 1.22 longer term safety net? |
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spore1
Supreme |
19-Aug-2014 22:12
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Tmr may revisit 1.34 let's see will it bounce off from here
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Novice13
Veteran |
17-Aug-2014 14:36
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Yes. I agreed with you. Owl brand kopi gao gao really got the nice coffee aroma and smooth taste. Now it is on offer at FP supermarkets.
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spore1
Supreme |
17-Aug-2014 12:49
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going to hv a technical rebounce soon. 1.34 is gd to watch out. |
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john_ric
Supreme |
17-Aug-2014 11:55
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Wow falling knife. Better run. | ||||
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Kyoto2008
Elite |
16-Aug-2014 13:27
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Owl' s good though, one of the better ones next to Nescafe.
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hp3000
Veteran |
15-Aug-2014 20:27
Yells: "Huart Ah !! Count $$$$$ liao" |
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Super Group&rsquo s 2Q14 results were below expectations, with recurring net profit down 23% y-o-y to SGD14.7m. Its 1H14 recurring net profit of SGD32.3m made up only 40% of consensus estimates. The magnitude of volume and margin declines was larger than we had earlier anticipated. We still recommend avoiding the stock for now, given the earnings risk. Maintain NEUTRAL. Declines across the board. Super Group&rsquo s 2Q14 revenue fell 5% y-o-y, with branded consumer (BC) sales down 9% y-o-y and food ingredients (FI) sales up 4% y-o-y. With its gross margins down 32bps and operating expenses holding steady, 2Q14 recurring net profit consequently slipped 23% y-o-y to SGD14.7m. Of the 9% decline in BC, 4% was due to forex (FX) translations of regional currencies, which have generally depreciated against reporting currency SGD over the last twelve months. BC volume growth still moribund. It is worth noting that even excluding the FX impact, BC sales volume declined y-o-y across most markets, with only slight increases in Singapore and Thailand. While various reasons are cited, including the timing of promotions and a rainy season in the major market Myanmar, we think intensifying competition remains an underlying theme. We expect a pickup in Thailand in 2H14, but this is unlikely to drag full-year growth into positive territory for this segment. Cost control positive. We believe the decline in gross profit margin was mainly due to a higher proportion of sales coming from the lower-margin FI segment. Structurally, the company should enjoy better margins as it scales up and moves into higher value-add ingredients. Overheads have been held relatively steady despite the ramping up of branding and FI manufacturing activities. Super is struggling to regain momentum in two of its four core markets, Myanmar and Malaysia. Operations in the Philippines arestagnating. It is working to get growth back but its efforts may not bear fruits until early FY15E, at the earliest. Meanwhile, costs may rise on marketing intensity in Thailand (expanding distribution into North and Central Thailand). Myanmar (more promotions needed) to defend market share. It also needs to spend more in its new markets of China (4% of sales) and the Philippines (6%). Selling costs to rise from 12% of sales to 15% by year-end. Baht and kyat weakness may also worsen while its tax rate is set to rise from 10% to 12-15% after the expiry of its Malaysia pioneer status. That said, gross margins may get a slight reprieve in 2H14 from falling sugar, CPO and robustacoffee prices. Do note that their major profit come from coffee product - Brand consumer (BC). Chart from OSK/DMG - Branded consumer revenue breakdown by country. Thailand (costs may rise on marketing in expanding). 30% Myanmar (struggling and more promotion needed) 21% Malaysia (struggling and tax rise) 15% Singapore 10% Philippines (new to spend more) 8% China (new to spend more) 6% Others 10% |
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lifeisgood
Supreme |
15-Aug-2014 15:04
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Those 2-in-1 or 3-in-1 always taste like dirt to me. Don' t taste like real coffee.
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wangerism
Master |
15-Aug-2014 15:03
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no more melamine in it...thats why!
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Sam1903
Senior |
15-Aug-2014 15:00
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Do you notice any drop in quality too? coz my grandma said it taste a bit different now, I don' t know as I don' t drink their coffee.
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foucs69
Veteran |
15-Aug-2014 14:50
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Shares Price keep dropping..........even thier 3in1 coffee px too.........few weeks ago bought 6.50.yesterday 5.80.............good px |
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lifeisgood
Supreme |
15-Aug-2014 14:47
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Thanks brother 911
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bllue911
Member |
15-Aug-2014 13:55
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Super GroupKim Eng on 12 Aug 2014
2Q14 revenue fell 5% YoY. Reported PATMI plunged 59% YoY to SGD15m. Even after adjusting for a SGD17m gain from the sale of an associate company in 2Q13, net profit fell 27% YoY. 1H14 PATMI of SGD32.8m comprised just 40% of the market&rsquo s FY14E forecast and 37.3% of our former forecast. Hiccups in core markets cut to SELL We cut FY14E-16E EPS by 14-17%. With several headwinds anticipated, downgrade to SELL with a new TP of SGD1.18 from SGD1.50. This is based on 15x FY15E EPS (previously 20x FY14E), its 5-year mean, after our transfer of coverage. Super is struggling to regain momentum in two of its four core markets, Myanmar and Malaysia. Operations in the Philippines arestagnating. It is working to get growth back but its efforts may not bear fruits until early FY15E, at the earliest. Meanwhile, costs may rise on marketing intensity in Thailand (expanding distribution into North and Central Thailand) andMyanmar (more promotions needed) to defend market share. It also needs to spend more in its new markets of China (4% of sales) and the Philippines (6%). Selling costs to rise from 12% of sales to 15% by year-end. Baht and kyat weakness may also worsen while its tax rate is set to rise from 10% to 12-15% after the expiry of its Malaysia pioneer status. That said, gross margins may get a slight reprieve in 2H14 from falling sugar, CPO and robustacoffee prices.
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sharefbb05
Senior |
15-Aug-2014 12:05
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My broker sent me the report. Here cannot send attachement
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lifeisgood
Supreme |
15-Aug-2014 11:08
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Do you have the research report by Kim Eng? Can share share or post here? Thanks.
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sharefbb05
Senior |
15-Aug-2014 10:27
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KimEng downgrade to sell from Hold |
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lifeisgood
Supreme |
15-Aug-2014 10:25
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It is hard to guess bottom.
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