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King of Fruits Boosts High Growth & Performance
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For_The_Next_Leg
Master |
26-May-2021 21:33
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$NutryFarm(AZT.SI) Interesting read.
Durian season in Thailand starts in March every year and ends somewhere in December. If that seems surprisingly long, that&rsquo s because Thailand is the world leader in durian exports. Whereas durian in other countries is only in season for 3-4 months, Thailand can produce durians almost all year round!
http://www.thaichiexport.com/durian/#:~:text=Durian%20season%20in%20Thailand%20starts,durians%20almost%20all%20year%20round!
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For_The_Next_Leg
Master |
24-May-2021 22:30
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Just sharing an article by TUBInvesting on Nutryfarm. https://www.investingnote.com/posts/2254085 |
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WBdisciple
Elite |
24-May-2021 08:33
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CEO of NutryFarm is laser-focused on Durians and strong potential to become the No.1 leader in the world in this segment... pls do your own DD.. |
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richie_rich
Member |
23-May-2021 22:44
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Some interesting facts about the durian trade: 1. The kind of durians that Thailand exports to China requires a constant climate of a minimum 22 degrees celsius. 2. China has been trying to cultivate their own durians, especially in Hainan province, for years but has met with little success. 3. Thailand is the only country that can export fresh durian into China. 4. Malaysia produces around 2000 containers of durian a year and half of that goes to Singapore. They are unable to produce enough to satisfy China' s demand for durians. Furthermore, they are only able to export frozen durian into China and this adds on to the product costs, making them less competitive. 5. Thailand has a huge lead over durian producing countries like Malaysia, Vietnam and Indonesia. |
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teeth53
Supreme |
20-May-2021 15:00
Yells: "don't learn through life, learn to grow with life " |
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Last year (2020). Figure doubled to US$2.2 bil, according to the Ministry of Agriculture and Cooperatives of Thailand. | ||||
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teeth53
Supreme |
20-May-2021 14:56
Yells: "don't learn through life, learn to grow with life " |
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10yr rill 2019, China?s fresh durian imports grew nine-fold. ,》 US$124 mil (S$169 mil) to US$1.1 billion, according to Channelnews Asia report. | ||||
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SamWong
Senior |
19-May-2021 15:08
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When freight shot up, then u know what is having rev but can make losses.
Especially reefer freight. And do they own any plantations ? Or just a durian trader ?
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WBdisciple
Elite |
19-May-2021 14:48
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Distirbution margin is not as high BUT the revenue is there... If they announced RMB 130 million...cannot be too far off.. Most imptly, they are in the right business....SELLING IN-DEMAND STUFF TO CHINA.. |
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SamWong
Senior |
19-May-2021 14:33
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Dont try to be " kek kiang" act smart to calculate for company.
How much info u have ? You are not even accounts assistant in company. How much can u know ? Just read the lines : Revenue improved so much , net profit only HKD 0.46 mil ????? If Revenue decreased , how ? Cos increase so much net profit only HKD 0.46 mil. DYODD
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teeth53
Supreme |
19-May-2021 14:24
Yells: "don't learn through life, learn to grow with life " |
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Noted: The 35 container revenue is recognised. But the 165 is delivered but not yet recognised. That will result in HK128m of revenue.....may is into 3Q result.
Notice, some BBs buying ard 380 - 390, guess by 3Q, may hit past 400. Need patience. No contra. Think so.
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SamWong
Senior |
19-May-2021 11:04
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I like to eat DURIANS.
BUT, if revenued improved so much, net profit ONLY HKD 0.4 mil (SGD 70K ) ? 1.May imply profit margin super low. 2. Maybe their logistic providers made even more profits than the "business giver". 3. With net profits of SGD 70K, guess some Singapore rojak seller made more $ than that. will still eat durians. But will avoid this stock. DYODD |
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WBdisciple
Elite |
19-May-2021 10:17
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Thanks for the reminder Richie...will be there to hear more insights from CHeng Meng later. Good that the company is doing more to engage investors despite the pandemic. |
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richie_rich
Member |
19-May-2021 09:05
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Below the ZOOM details for the presentation by:
NutryFarm&rsquo s CEO, Mr Cheng Meng, later today at 3pm:
Meeting ID: 867 0790 0223
Passcode: 177221
One tap mobile
+6531651065,,86707900223#,,,,*177221# Singapore
+6531587288,,86707900223#,,,,*177221# Singapore
Dial by your location
+65 3165 1065 Singapore
+65 3158 7288 Singapore
Meeting ID: 867 0790 0223
Passcode: 177221
Find your local number: https://us02web.zoom.us/u/keflRLoIP8
NutryFarm has made recent announcements on its corporate results and developments:
- With 2Q Sales Surging 615% with Net Profit of HK$0.46 Million Due to Durian Trading Business
- Expansion of its Durian Business in Singapore with Established E-Commerce Company, EBuy
Since December 2020, Nutryfarm has announced various agreements to sell a total of 1,480 containers of fresh durians from Thailand to major Chinese fruit importers. The total contract value of these agreements is estimated at approximately RMB 962.0 million as announced on 13 February 2021.
Global Agricapital has fulfilled its obligations to Moonda for the purchase and ship 200 containers of fresh durians by 30 April 2021 amounting to RMB130 million. As at 31 March 2021, Global Agricapital shipped 35 containers to Moonda and this was recognized in the Group&rsquo s 2nd quarter financial results announcement where the fruit trading business recorded a revenue of HK$27.9 million contributing substantially to the profit turnaround in the 2nd quarter.
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WBdisciple
Elite |
18-May-2021 16:43
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SG is ok market BUT China is the BIGGEST Market for durians... with Cheng Meng' s track record and epxerience, NutryFarm is on the course to become the KING OF DURIANS |
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teeth53
Supreme |
18-May-2021 15:16
Yells: "don't learn through life, learn to grow with life " |
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Can Nutryfarm. A major fruits player here in SG?. As they oso deal with healthy foiof
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teeth53
Supreme |
18-May-2021 15:11
Yells: "don't learn through life, learn to grow with life " |
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Singapore Food Agency wanted to engage public n industry plagers on Lim Chu Kang master plan. | ||||
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teeth53
Supreme |
18-May-2021 13:19
Yells: "don't learn through life, learn to grow with life " |
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Used to getting big business, mango n bananas, now durian big business...:)
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For_The_Next_Leg
Master |
18-May-2021 11:40
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$NutryFarm(AZT.SI) I think it is important to clarify:
As per the latest update it states:
Global Agricapital has fulfilled its obligations to purchase and ship 200 containers of fresh durians by 30 April 2021 amounting to RMB130 million. As at 31 March 2021, Global Agricapital shipped 35 containers to Moonda and this was recognized in the Group&rsquo s 2nd quarter financial results announcement where the fruit trading business recorded a revenue of HK$27.9 million contributing substantially to the profit turnaround in the 2nd quarter. Accordingly, the Group expects the 3rd quarter revenue to increase.
This meant that the 615% increase in revenue in this quarter is that part of the increase due to the 35 containers of durians that was transported.
200 container - RMB130m
35 container - RMB 22.75m (HK27.9m) Note RMB1 = HK1.2
165 containers - RMB107m (HK128m)
Do note that the 35 container revenue is recognised. But the 165 is delivered but not yet recognised. That will result in HK128m of revenue.
We can always ask if this is correct during the meeting tomorrow as shared.
https://www.investingnote.com/posts/2251851
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WBdisciple
Elite |
18-May-2021 10:02
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Consumers staple have done well despite the pandemic...their 2Q results reflects the demand for durians in China.. Will be joining in to hear what the CEO has to say this Wed 3pm... 8PR ASIA is organising a ZOOM presentation for NutryFarm CEO, Mr Cheng Meng, to share more insights and updates on: Date: 19 May 2021 (Wed) Time: 3.00 p.m. (Singapore) Here are the ZOOM details: https://us02web.zoom.us/j/86707900223?pwd=YnRKQXRQWlFiODR6V21XWHNZZnlPdz09 Meeting ID: 867 0790 0223 Passcode: 177221 |
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teeth53
Supreme |
17-May-2021 16:43
Yells: "don't learn through life, learn to grow with life " |
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Another big firuts business...as core business, next maybe more vege.
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