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Durians season and (profits) for NutryFarm..
pls do your own DD...
pls do your own DD...
NutryFarm Secures New Sales Order of Approximately RMB 195 Million from Moonda for 300 Containers of Fresh Durians
> NutryFarm has previously fulfilled its obligations to Moonda of 200 containers of fresh durians amounting to RMB 130 million as at 30 April 2021
> Separately, the Group have also entered into a new purchase agreement with Tianchue to procure 200 containers of fresh Thailand durians
> NutryFarm has also incorporated new subsidiaries in relation to its durian trading business activities
Singapore, 21 June 2021 &ndash NutryFarm International Limited (&ldquo NutryFarm&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that the Group&rsquo s indirectly wholly-owned subsidiary, Global Agricapital (Thailand) Co., Ltd (&ldquo GAT&rdquo ), has secured new sales order of approximately RMB 195 million from Moonda (Beijing) Agriculture Science and Technology Co., Ltd (&ldquo Moonda&rdquo ) for 300 containers of fresh durians from Thailand from 1 July 2021 to 31 December 2021.
GAT was recently incorporated in Thailand with a paid-up capital of Thai Baht 5 million and it is a wholly-owned subsidiary of Global Agricapital Holdings Pte Ltd (&ldquo GAH&rdquo ). GAT will operate and manage the Group&rsquo s durian trading business in Thailand.
Previously, GAH has fulfilled its obligation for the purchase and shipment of 200 containers of fresh durians amounting to approximately RMB 130 million to Moonda as at 30 April 2021.
As at 21 May 2021, GAH has also completed its obligations to Shanghai Yuqu Trading Co., Ltd（ 上 海 昱 渠 贸 易 有 限 公 司 ） (&ldquo Shanghai Yuqu&rdquo ) for the purchase and shipment of 180 containers of fresh durians amounting to approximately RMB 117 million pursuant to the Import Purchase Agreement as announced on 18 January 2021.
And as at 15 June 2021, GAH has also shipped 227 containers of Golden Pillow Durians from Thailand to China Railway Production Control (Chengdu) Industrial Co., Ltd（ 中 铁 产 控 （ 成 都 ） 实 业 有 限 公 司 ） (&ldquo China Railway Production Control&rdquo ). This represents approximately 38% of the 600 containers committed from 1 March 2021 to 31 December 2021 pursuant the Import Purchase agreement as announced on 29 January 2021.
Separately, GAT has signed a new purchase agreement with Tianchue (Thailand) Co., Ltd (&ldquo Tianchue&rdquo ) to entrust Tianchue to purchase an estimated volume of 200 containers of fresh durians in Thailand. It is also agreed that Tianchue shall guarantee the quantity of goods shipped from Thailand, the product&rsquo s place of origin, exercise strict quality control over the goods based on the requirement of the logistics partner and abide by the payment contract terms.
The Group has also recently incorporated another new subsidiary, Kong Jun Global Pte Ltd (&ldquo KJG&rdquo ), which is a joint venture between GAH and Kong Jun Durian Pte Ltd. As announced on 10 June 2021, KJG will be held 51% by GAH and 49% by Kong Jun Durian Pte Ltd (&ldquo Kong Jun&rdquo ) with a paid-up of S$10,000 and a focus on the sales and distribution of pre-packed durians. Kong Jun is a company set-up by Mr Ang Seck Puan, the founder of Singapore&rsquo s well-known durian retailer, Combat Durian, and certain members of the Ang family
Executive Director and Chief Executive Officer of NutryFarm, Mr. Cheng Meng (程 勐 ), said, &ldquo We are pleased to secure new sales order from Moonda and it reflects our customers&rsquo confidence and trust in our abilities to procure and deliver high quality durians.
As we progressively fulfil the current order book on hand, we will also be proactively looking to secure new orders from existing and new customers in Asia.&rdquo
> NutryFarm has previously fulfilled its obligations to Moonda of 200 containers of fresh durians amounting to RMB 130 million as at 30 April 2021
> Separately, the Group have also entered into a new purchase agreement with Tianchue to procure 200 containers of fresh Thailand durians
> NutryFarm has also incorporated new subsidiaries in relation to its durian trading business activities
Singapore, 21 June 2021 &ndash NutryFarm International Limited (&ldquo NutryFarm&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that the Group&rsquo s indirectly wholly-owned subsidiary, Global Agricapital (Thailand) Co., Ltd (&ldquo GAT&rdquo ), has secured new sales order of approximately RMB 195 million from Moonda (Beijing) Agriculture Science and Technology Co., Ltd (&ldquo Moonda&rdquo ) for 300 containers of fresh durians from Thailand from 1 July 2021 to 31 December 2021.
GAT was recently incorporated in Thailand with a paid-up capital of Thai Baht 5 million and it is a wholly-owned subsidiary of Global Agricapital Holdings Pte Ltd (&ldquo GAH&rdquo ). GAT will operate and manage the Group&rsquo s durian trading business in Thailand.
Previously, GAH has fulfilled its obligation for the purchase and shipment of 200 containers of fresh durians amounting to approximately RMB 130 million to Moonda as at 30 April 2021.
As at 21 May 2021, GAH has also completed its obligations to Shanghai Yuqu Trading Co., Ltd（ 上 海 昱 渠 贸 易 有 限 公 司 ） (&ldquo Shanghai Yuqu&rdquo ) for the purchase and shipment of 180 containers of fresh durians amounting to approximately RMB 117 million pursuant to the Import Purchase Agreement as announced on 18 January 2021.
And as at 15 June 2021, GAH has also shipped 227 containers of Golden Pillow Durians from Thailand to China Railway Production Control (Chengdu) Industrial Co., Ltd（ 中 铁 产 控 （ 成 都 ） 实 业 有 限 公 司 ） (&ldquo China Railway Production Control&rdquo ). This represents approximately 38% of the 600 containers committed from 1 March 2021 to 31 December 2021 pursuant the Import Purchase agreement as announced on 29 January 2021.
Separately, GAT has signed a new purchase agreement with Tianchue (Thailand) Co., Ltd (&ldquo Tianchue&rdquo ) to entrust Tianchue to purchase an estimated volume of 200 containers of fresh durians in Thailand. It is also agreed that Tianchue shall guarantee the quantity of goods shipped from Thailand, the product&rsquo s place of origin, exercise strict quality control over the goods based on the requirement of the logistics partner and abide by the payment contract terms.
The Group has also recently incorporated another new subsidiary, Kong Jun Global Pte Ltd (&ldquo KJG&rdquo ), which is a joint venture between GAH and Kong Jun Durian Pte Ltd. As announced on 10 June 2021, KJG will be held 51% by GAH and 49% by Kong Jun Durian Pte Ltd (&ldquo Kong Jun&rdquo ) with a paid-up of S$10,000 and a focus on the sales and distribution of pre-packed durians. Kong Jun is a company set-up by Mr Ang Seck Puan, the founder of Singapore&rsquo s well-known durian retailer, Combat Durian, and certain members of the Ang family
Executive Director and Chief Executive Officer of NutryFarm, Mr. Cheng Meng (程 勐 ), said, &ldquo We are pleased to secure new sales order from Moonda and it reflects our customers&rsquo confidence and trust in our abilities to procure and deliver high quality durians.
As we progressively fulfil the current order book on hand, we will also be proactively looking to secure new orders from existing and new customers in Asia.&rdquo
$NutryFarm(AZT.SI) More durian business by end of the Year! More than RMB1bn then if these sales are completed by end of 2021!
NutryFarm International Limited (&ldquo NutryFarm&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that the Group&rsquo s indirectly wholly-owned subsidiary, Global Agricapital (Thailand) Co., Ltd (&ldquo GAT&rdquo ), has secured new sales order of approximately RMB 195 million from Moonda (Beijing) Agriculture Science and Technology Co., Ltd (&ldquo Moonda&rdquo ) for 300 containers of fresh durians from Thailand from 1 July 2021 to 31 December 2021.
https://links.sgx.com/1.0.0/corporate-announcements/5915GKZR7BLDL2J5/bea2d6f227a082781c3ad9ee7d4f7374a5d9953212ccb6c404093325c651ff26
After the company disposed of its nutrition biz and officially got shareholders approval for the new fruits business, it will be a very different company. Profitability will also be vastly improved.
Nutryfarm wait for news of its disposal of the money losing nutrition business , then it will definitely fly much higher!
Another big thank Q to durian boss.
teeth53 ( Date: 12-May-2021 18:31) Posted:
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Fjnally. BBs came in to play up....bot b4, ard 37 - 39....v.good profit.
teeth53 ( Date: 21-Jun-2021 11:48) Posted:
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Finally profiting n taking profit...LOL to bank
lifeisgood ( Date: 21-Jun-2021 09:24) Posted:
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This recent article on NutryFarm and its CEO is worth a read:
https://www.sgx.com/research-education/market-dialogues/20210604-nutryfarm-satisfies-chinas-growing-love-durians
https://www.sgx.com/research-education/market-dialogues/20210604-nutryfarm-satisfies-chinas-growing-love-durians
$NutryFarm(AZT.SI)
11 May - Announced MEMORANDUM OF UNDERSTANDING WITH EBUY PTE LTD
Under the MOU, Ebuy will import and distribute pre-packaged durians into Singapore from Malaysia and Thailand on behalf of Global Agricapital, and from the suppliers of Global Agricapital. Global Agricapital will ensure the consistent supply, quality and authenticity of the pre-packaged durians from its suppliers. The parties expect to start the first shipment by 1 June 2021.
10 Jun - ENTRY INTO JOINT VENTURE AGREEMENT
The purpose of the Joint Venture is for the JV Company to carry out the business of sales and distribution of pre-packed durians in Singapore.
Now is the Durian Season in S' pore coming...
https://www.straitstimes.com/life/food/durian-season-in-spore-returns-with-rare-varietals
Dilemma: OTS and Nutryfarm currently both 37/375.
Buy which one more? (I have both already)
Buy which one more? (I have both already)
NutryFarm Fulfils More Orders of Fresh Durians to Chinese Purchasers: 3rd Quarter Revenue Expected to Increase
&bull Fulfilled its obligations to Shanghai Yuqu for the purchase and shipment of 180 containers of fresh durians amounting to approximately RMB 117 million
&bull Shipped 227 containers of Golden Pillow Durians to China Railway Production Control
&bull Currently in discussion with Moonda to enter into an additional purchase agreement with Moonda following the fulfilment of 200 containers of fresh durians amounting to approximately RMB 130 million in 30 April 2021.
Singapore, 18 June 2021 &ndash NutryFarm International Limited (&ldquo NutryFarm&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that the Group&rsquo s wholly-owned subsidiary, Global Agricapital Holdings Pte Ltd (&ldquo GAH&rdquo ), has fulfilled more orders of fresh durians from Thailand to Chinese buyers in relation to the Import Purchase Agreement
As at 21 May 2021, GAH has completed its obligations to Shanghai Yuqu Trading Co., Ltd（ 上 海 昱 渠 贸 易 有 限 公 司 ） (&ldquo Shanghai Yuqu&rdquo ) for the purchase and shipment of 180 containers of fresh
durians amounting to approximately RMB 117 million pursuant to the Import Purchase Agreement as announced on 18 January 2021.
And as at 15 June 2021, GAH has also shipped 227 containers of Golden Pillow Durians from Thailand to China Railway Production Control (Chengdu) Industrial Co., Ltd（ 中 铁 产 控 （ 成 都 ） 实 业 有 限 公
司 ） (&ldquo China Railway Production Control&rdquo ). This represents approximately 38% of the 600 containers committed from 1 March 2021 to 31 December 2021 pursuant the Import Purchase
agreement as announced on 29 January 2021.
Separately, GAH is currently in discussion with Moonda (Beijing) Agriculture Science and Technology Co., Ltd (&ldquo Moonda&rdquo ) to enter into an additional purchase agreement for the rest of the calendar year,
following the fulfilment of its obligation for the purchase and shipment of 200 containers of fresh durians amounting to approximately RMB 130 million as at 30 April 2021.
Accordingly, the Group expects its 3rd quarter revenue to increase.
More recently, the Group entered into a joint venture agreement with Kong Jun Durian Pte Ltd (&ldquo Kong Jun&rdquo ), a company set-up by Mr Ang Seck Puan, the founder of Singapore&rsquo s well-known durian retailer, Combat Durian, and certain members of the Ang family (&ldquo Ang Family&rdquo ) to expand into durian business in Singapore.
Mr Ang Seck Puan has more than 50 years ago of experience in the fruit trading business, particularly in the durian industry where he is the founder of Combat Durian, an iconic and reputable durian
retailer in Singapore.
Under the agreement, a new joint venture company will be set up where GAH will supply the prepackaged durians and Kong Jun will leverage on their strong retail experience and extensive sales channels for the sales and distribution. GAH will hold 51% of the joint venture company while Kong Jun will hold the remaining 49%.
Executive Director and Chief Executive Officer of NutryFarm, Mr. Cheng Meng (程 勐 ), said, &ldquo Within a short period of time, we have secured close to RMB 1 billion worth of sales orders to supply fresh Thailand durians to Chinese buyers.
Since then, we have progressively fulfilled our obligations to procure and deliver high quality durians so as to reinforce our customers&rsquo confidence and trust in us and foster a long-term working relationship together.
Building on this strong momentum, we aim to harness more value propositions along the value chain of the durian industry in Asia.&rdquo
With the track record of CEO Cheng Meng, Fulfilling the S$200m orders of fresh durians seems like a given....and with the growing demand of Durians in China, likely there will be more orders.
I think i read somewhere the margins are about 5%...hence that is S$10million profit to the Group from the durian biz...market cap is about S$42 million now...hence PE is about 4 times
Pls do your own DD...
I think i read somewhere the margins are about 5%...hence that is S$10million profit to the Group from the durian biz...market cap is about S$42 million now...hence PE is about 4 times
Pls do your own DD...
$NutryFarm(AZT.SI) This is an amazing growth.
In fact, it sound like there is a possibility of fulfilling all the sales order. If it really reaches RMB1bn, it will be amazing.
https://links.sgx.com/FileOpen/Ann-Press%20Release-18Jun2021-Final.ashx?App=Announcement& FileID=671696
Up, up and away!
NutryFarm Fulfils More Orders of Fresh Durians to Chinese Purchasers:
3rd Quarter Revenue Expected to Get a Boost!
&bull Fulfilled its obligations to Shanghai Yuqu for the purchase and shipment of 180 containers of fresh durians amounting to approximately RMB 117 million
&bull Shipped 227 containers of Golden Pillow Durians to China Railway Production Control
&bull Currently in discussion with Moonda to enter into an additional purchase agreement with Moonda following the fulfilment of 200 containers of fresh durians amounting to approximately RMB 130 million in 30 April 2021.
Singapore, 18 June 2021 &ndash NutryFarm International Limited (&ldquo NutryFarm&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that the Group&rsquo s wholly-owned subsidiary, Global Agricapital Holdings Pte Ltd (&ldquo GAH&rdquo ), has fulfilled more orders of fresh durians from Thailand to Chinese buyers in relation to the Import Purchase Agreement
As at 21 May 2021, GAH has completed its obligations to Shanghai Yuqu Trading Co., Ltd（ 上 海 昱 渠 贸 易 有 限 公 司 ） (&ldquo Shanghai Yuqu&rdquo ) for the purchase and shipment of 180 containers of fresh
durians amounting to approximately RMB 117 million pursuant to the Import Purchase Agreement as announced on 18 January 2021.
And as at 15 June 2021, GAH has also shipped 227 containers of Golden Pillow Durians from Thailand to China Railway Production Control (Chengdu) Industrial Co., Ltd（ 中 铁 产 控 （ 成 都 ） 实 业 有 限 公
司 ） (&ldquo China Railway Production Control&rdquo ). This represents approximately 38% of the 600 containers committed from 1 March 2021 to 31 December 2021 pursuant the Import Purchase
agreement as announced on 29 January 2021.
Separately, GAH is currently in discussion with Moonda (Beijing) Agriculture Science and Technology Co., Ltd (&ldquo Moonda&rdquo ) to enter into an additional purchase agreement for the rest of the calendar year,
following the fulfilment of its obligation for the purchase and shipment of 200 containers of fresh durians amounting to approximately RMB 130 million as at 30 April 2021.
Accordingly, the Group expects its 3rd quarter revenue to increase.
NutryFarm Fulfils More Orders of Fresh Durians to Chinese Purchasers:
3rd Quarter Revenue Expected to Get a Boost!
&bull Fulfilled its obligations to Shanghai Yuqu for the purchase and shipment of 180 containers of fresh durians amounting to approximately RMB 117 million
&bull Shipped 227 containers of Golden Pillow Durians to China Railway Production Control
&bull Currently in discussion with Moonda to enter into an additional purchase agreement with Moonda following the fulfilment of 200 containers of fresh durians amounting to approximately RMB 130 million in 30 April 2021.
Singapore, 18 June 2021 &ndash NutryFarm International Limited (&ldquo NutryFarm&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that the Group&rsquo s wholly-owned subsidiary, Global Agricapital Holdings Pte Ltd (&ldquo GAH&rdquo ), has fulfilled more orders of fresh durians from Thailand to Chinese buyers in relation to the Import Purchase Agreement
As at 21 May 2021, GAH has completed its obligations to Shanghai Yuqu Trading Co., Ltd（ 上 海 昱 渠 贸 易 有 限 公 司 ） (&ldquo Shanghai Yuqu&rdquo ) for the purchase and shipment of 180 containers of fresh
durians amounting to approximately RMB 117 million pursuant to the Import Purchase Agreement as announced on 18 January 2021.
And as at 15 June 2021, GAH has also shipped 227 containers of Golden Pillow Durians from Thailand to China Railway Production Control (Chengdu) Industrial Co., Ltd（ 中 铁 产 控 （ 成 都 ） 实 业 有 限 公
司 ） (&ldquo China Railway Production Control&rdquo ). This represents approximately 38% of the 600 containers committed from 1 March 2021 to 31 December 2021 pursuant the Import Purchase
agreement as announced on 29 January 2021.
Separately, GAH is currently in discussion with Moonda (Beijing) Agriculture Science and Technology Co., Ltd (&ldquo Moonda&rdquo ) to enter into an additional purchase agreement for the rest of the calendar year,
following the fulfilment of its obligation for the purchase and shipment of 200 containers of fresh durians amounting to approximately RMB 130 million as at 30 April 2021.
Accordingly, the Group expects its 3rd quarter revenue to increase.
Malaysian ?Designer Durians? Are Carving Out Niche in China
$NutryFarm(AZT.SI)
Now that the company is also involved in Malaysia Durian... Does this meant that we will see the best of demand from SG and China in the 2nd half this year?
Do note that malaysia harvest can never fully satisfied China demand as the supply need to be given to SG as well. Furthermore, they can only provide frozen durian to China.
https://www.freshplaza.com/article/9328480/large-volumes-of-malaysian-durians-will-be-harvested-in-july/
Durian business in China can earn big money ?...Geylang durian stalls owner drive big cars ?
WBdisciple ( Date: 11-Jun-2021 10:17) Posted:
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reaping rewards. on the way to min. 50c.
Total Volume: 1,701,900, it hit a high of 0.370c, up +.045c or 13.8%...look likely some players last minute from CIMB n Philip is playing up.
richie_rich ( Date: 11-Jun-2021 13:24) Posted:
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