China Star Food   

CHINA STAR FOOD : RICH UNDERVALUED GEM

retailers cant verify these numbers.. 

josephyeo      ( Date: 13-Nov-2018 16:05) Posted: My entry into this counter was triggered by: 1. low forward p/e of around 1.1 X 2. it has bottomed at 3.3 cts from a 52 weeks high of 13.0 cts. 3. its cash per share after debt is 9.4 cts. This is almost 3 times its low price of 3.3 cts Just for info.

 

All vested holders seeing stars circling around their heads

kangaroo11      ( Date: 11-Dec-2018 10:47) Posted: Wah gap down, what happened? No more star food to sell? Haha.

 

Wah gap down, what happened? No more star food to sell? Haha.

 

shortist will cover till 0.03 i think

NextEvolution      ( Date: 11-Dec-2018 09:18) Posted: So fast from 3.9 to 2.7 within 15 minutes of trade? That's S-cheat way of ruining retail investors

 

So fast from 3.9 to 2.7 within 15 minutes of trade? That's S-cheat way of ruining retail investors

 

As SIAS mentioned, avoid S-cheats. Remember Ferrochina in 2008? Bankers, analyst, even lawyers and accountants were fooled by this Ferrochina.

NextEvolution      ( Date: 11-Dec-2018 07:15) Posted: Another joker S-chip asking for money and to destroy shareholders' value. 1-for-1 Rights Issue at 1.5ct while current price is 3.9ct. But it will end up as a short seller's favourite to crash price to below 2.5ct, at least

 

Another joker S-chip asking for money and to destroy shareholders' value.

1-for-1 Rights Issue at 1.5ct while current price is 3.9ct. But it will end up as a short seller's favourite to crash price to below 2.5ct, at least

 

Price of China Star Food holding aro 4cts. No sell down and maarket begins the realise it' s undervalued. Hope to pick up some at around these levels.

 

China Star Food falling back to 3.3cts. Nice to pick up some more. Be patient. A lot of contra players no money to hold will force sell down.
 

 

P/E at half year is 2.2 X (based on 3.6 cts per share.
Forward p/e is 1.1 X assuming same level of profit as in 1st half

kangaroo11      ( Date: 14-Nov-2018 16:31) Posted: 1.1x is forward P/E? Infer from your earlier post yesterday. So if trailing is 2.2x, forward is 1.1x, isnt that bad? josephyeo      ( Date: 14-Nov-2018 15:52) Posted: Cash per share net of debt - 9.4 cts Share price - 4.4 cts Nta - 28.2 Share price - 4.4 cts (as of time of post) P/E as of half year - 2.2 X (based on 3.6 cts per share) Trailing p/e - 1.1 X

 

1.1x is forward P/E? Infer from your earlier post yesterday.
So if trailing is 2.2x, forward is 1.1x, isnt that bad?

josephyeo      ( Date: 14-Nov-2018 15:52) Posted: Cash per share net of debt - 9.4 cts Share price - 4.4 cts Nta - 28.2 Share price - 4.4 cts (as of time of post) P/E as of half year - 2.2 X (based on 3.6 cts per share) Trailing p/e - 1.1 X

 

i got monitor...

liquidity very low

josephyeo      ( Date: 14-Nov-2018 15:52) Posted: Cash per share net of debt - 9.4 cts Share price - 4.4 cts Nta - 28.2 Share price - 4.4 cts (as of time of post) P/E as of half year - 2.2 X (based on 3.6 cts per share) Trailing p/e - 1.1 X

 

Cash per share net of debt - 9.4 cts
Share price - 4.4 cts

Nta - 28.2
Share price - 4.4 cts (as of time of post)

P/E as of half year - 2.2 X (based on 3.6 cts per share)
Trailing p/e - 1.1 X

 

Price history:

1 year range  -  3.3 cts to 13.0 cts

2 year range  -  3.3 cts to 28.0 cts

5 year range  -  3.3 cts to 80.0 cts

Today' s close  -  4.5 cts

Above for info only.

 

josephyeo      ( Date: 13-Nov-2018 11:05) Posted: Below are some figures on the 2Q results released on the 12 Nov ' 18:   1. revenue S$34.9 mil   2. profit S$4.4 mil   3 earning per share 1.2 cts   4 price earning ratio half year 2.2 X   5. 52 weeks high 13.0 cts   6. 52 weeks low 3.3 cts   7. current price 3.6 cts   8. nta .. 28.2 cts   9. cash S$32.0 mil   10. capitalisation .. S$9.8 mil   11. cash backing per share 10.8 cts   12. number of shares 296909000   Above for info n sharing only. Pls note China Star Food is an s-chip.

 

  I own this shares in the beginning. It was call Latitude Tree Singapore and  then  renamed called Brooke Asia. When China Star Food take over Brooke Asia we were issued shares worth about 40 cts each with share consolidation of 4 Brooke Share to 1 China Star Food. I have read thru all the trouble of this company namely their environment treatment plant which caused them to totally lost close to 9 months production. As such their shares fell from $0.40 to $0.03. The market completely disregard its assets or its cash value. But they have fixed their treatment plant and meeting goverment environment regulation, have begun to now ramp up production. The 2nd qtr  2019 results announced yesterday confirmed this normal operation. So i think there is a good chance for China Star Food to return to its glorious day. 

 

My entry into this counter was triggered by:

1. low forward p/e of around 1.1 X
2. it has bottomed at 3.3 cts from a 52 weeks high of 13.0 cts.
3. its cash per share after debt is 9.4 cts. This is almost 3 times its low price of 3.3 cts

Just for info.

 

52 weeks high 13 cts. Now 4.0 cts.

pls note ... China Star Food is an s-chip

 

Buy on rumors, sell on news is the standard for S-chip.
If made profit, it is time to consider selling. Never chase!

 

China China China China. 0.04  0.04  0.04  0.04. Enough said.

 

Cash net off debt S$28 mil
Company is capitalised at S$12.1 mil on price of 4.1 cts.
This is far below its cash value.
 

josephyeo      ( Date: 13-Nov-2018 11:05) Posted: Below are some figures on the 2Q results released on the 12 Nov ' 18:   1. revenue S$34.9 mil   2. profit S$4.4 mil   3 earning per share 1.2 cts   4 price earning ratio half year 2.2 X   5. 52 weeks high 13.0 cts   6. 52 weeks low 3.3 cts   7. current price 3.6 cts   8. nta .. 28.2 cts   9. cash S$32.0 mil   10. capitalisation .. S$9.8 mil   11. cash backing per share 10.8 cts   12. number of shares 296909000   Above for info n sharing only. Pls note China Star Food is an s-chip.