China Star Food   

CHINA STAR FOOD : RICH UNDERVALUED GEM

Wow whats with the second surge? Hope plant update gets announced soon!

 

ROCKET IGNITED !!!

 

THS DEAD AND FORGOTTEN GEM IS A STAR NOW !

 

this gem rocket to 10c

 

TODAY VERY BULLISH VOLUME !!!

I SOLD ALSO BUT THINKING IF CAN GO IN AGAIN

 

sold few days ago ..

 

missed the boat unless it hits above 0.1. Hope the plant is completed soon

 

ALL HUAT HERE !!!!

 

I ONLY SAW $$$$$$$ IN BANK FROM 30-40 % ROCKET

 

See the word China is a huge warning.

 

S chips dam scary one.. i will never touch s chips again since got burnt in 2008.. who can still rem.. china enery, ferrochina, sinotech fibre, china hongxing.. ALL GONE with the wind.. they were so bullish then..

 

Water treatment plant hopefully done in Q3

 

Whats the resistance here?

Still no confirmation or progress report of the treatment plant though

 

ALL HUAT WITH MY BULLISH SPOT ON CALL ???

AT LEAST YOU MADE 40% GAIN ??

 

ROCKET STARTING

 

WATCH FOR IT ! STOCK CROSSED ALL 14 DAYS AND 50 DAYS MOVING AVERAGES

 

China?s online market for fast moving consumer goods (FMCG) grew by 47% in the 12-month period that ended in June 2016, according to Kantar Worldpanel. The expert in shoppers? behaviour expects online FMCG sales to grow from US$48 billion globally in 2016 to US$150 billion by 2025. Last October, Walmart made two strategic investments to establish its foothold in China?s e-commerce market. Firstly, it doubled its stake in PRC online retailer JD.com to about 10%. JD.com is China's second-largest e-commerce player by gross merchandise volume behind Alibaba. The company is backed by Tencent, China's dominant social networking company and the owner of popular messaging platform WeChat.  Then, it invested US$50 million in New Dada, China?s largest local on-demand online logistics and grocery platform. New Dada has the capability for two-hour delivery service from Walmart stores.  Market experts view online shoppers as the driver behind the current phase of China?s growth story. They are young, urban, highly educated, and more willing to spend. This fits well with China Star Food?s main customer profile of health conscious and discerning consumers who are willing to pay for quality products. 

danger      ( Date: 14-Jul-2017 14:50) Posted: CHINA Star Food Group has inked an agreement to expand its products to 419 Walmart stores in China making them available in more than 19 provinces there. This is the group ' s first breakthrough into a national hypermarket chain that will enable the firm to tap a wider customer base and expand into other mega markets in China, said China Star Food' s executive chairman and chief executive, Liang Chengwang.

 

VERY BULLISH NOW

danger      ( Date: 15-Jul-2017 08:30) Posted: Shares Investment has identified 3 S-chips in the small cap category. When we screened for these counters, we want to identify businesses that have strong value propositions that are profitable with solid financial health yet easy to understand. Businesses that are easy to comprehend helps to alleviate the inherent scepticism investors hold and, therefore, making them more palatable. Like Benjamin Graham once said, &ldquo The market in the long-run is a weighing machine.&rdquo We like to iterate that our selection here is not meant for speculative plays but for the long haul. Investors should also carry their own due-diligence further before committing to an investment.   DUTECH , CHINA SUNSINE CHEMICAL , CHINA STAR FOOD   China Star Food Group &ndash Low Risk-To-Reward China Star Food Group listed on Catalist of the SGX not too long ago in April 2016, via a reverse takeover deal of Brooke Asia. The company primarily produces and sells sweet potato snack food products in China and currently operates two factories that have an annual capacity to produce 28,800 tonnes of sweet potato food snacks. Its third factory, with an estimated capacity of 30,000 tonnes, has been completed and the company has attained the operating license in March 2017. However, operations of the new factory were halted due to the delay in completion of Lian Cheng County&rsquo s wastewater treatment plant. Owing to the unexpected delay and halt in operations, China Star Food expects its FY17 revenue and net profit to be impacted significantly, with operations of the new factory expected to resume only by September 2017.   In the year of its listing, China Star Food generated rather respectable results for FY16 where revenue was Rmb470.9 million and net profit was Rmb16.3 million. In the latest 9M17 results, revenue rose to Rmb359.8 million and net profit increased to Rmb51 million. However, for FY17, we believe that the company would record some impairment charges on unfinished products due to the operations halt in the third factory which will negatively impact the bottom line. Notwithstanding that, the company has a robust balance sheet and as of 9M17, China Star Food has a cash balance of Rmb123.8 million and total debt of Rmb12.8 million. As it is, the company has a net cash position of Rmb111 million or about $23.1 million in Singapore dollars, higher than its market capitalisation of $21.3million! Apart from that, China Star Food&rsquo s current share price of $0.083 seems rather &ldquo cheap&rdquo , at P/E of just 1.6 times and P/B of 0.3 times. Meanwhile, local listed peers, China Kangda Food trades at 124.3 times P/E and 1.2 times P/B while Sino Grandness Food Industry Group change hands at P/E of about 2.9 times P/E and 0.4 times P/B. Whilst China Star Food has a shorter operating record since listing compared to others in the industry, we think this S-chip offers a rather good risk-to-reward argument.

 

Apart from that, China Star Food  &rsquo s current share price of $0.083 seems rather &ldquo   cheap  &rdquo , at P/E of just 1.6 times and P/B of 0.3 times. Meanwhile, local listed peers, China Kangda Food trades at 124.3 times P/E and 1.2 times P/B while Sino Grandness Food Industry Group change hands at P/E of about 2.9 times P/E and 0.4 times P/B.

 

Shares Investment has identified 3 S-chips in the small cap category. When we screened for these counters, we want to identify businesses that have strong value propositions that are profitable with solid financial health yet easy to understand. Businesses that are easy to comprehend helps to alleviate the inherent scepticism investors hold and, therefore, making them more palatable.

Like Benjamin Graham once said, &ldquo The market in the long-run is a weighing machine.&rdquo We like to iterate that our selection here is not meant for speculative plays but for the long haul. Investors should also carry their own due-diligence further before committing to an investment.

 

DUTECH , CHINA SUNSINE CHEMICAL , CHINA STAR FOOD

 

China Star Food Group &ndash Low Risk-To-Reward

China Star Food Group listed on Catalist of the SGX not too long ago in April 2016, via a reverse takeover deal of Brooke Asia. The company primarily produces and sells sweet potato snack food products in China and currently operates two factories that have an annual capacity to produce 28,800 tonnes of sweet potato food snacks. Its third factory, with an estimated capacity of 30,000 tonnes, has been completed and the company has attained the operating license in March 2017. However, operations of the new factory were halted due to the delay in completion of Lian Cheng County&rsquo s wastewater treatment plant.

Owing to the unexpected delay and halt in operations, China Star Food expects its FY17 revenue and net profit to be impacted significantly, with operations of the new factory expected to resume only by September 2017.

 

In the year of its listing, China Star Food generated rather respectable results for FY16 where revenue was Rmb470.9 million and net profit was Rmb16.3 million. In the latest 9M17 results, revenue rose to Rmb359.8 million and net profit increased to Rmb51 million. However, for FY17, we believe that the company would record some impairment charges on unfinished products due to the operations halt in the third factory which will negatively impact the bottom line.

Notwithstanding that, the company has a robust balance sheet and as of 9M17, China Star Food has a cash balance of Rmb123.8 million and total debt of Rmb12.8 million. As it is, the company has a net cash position of Rmb111 million or about $23.1 million in Singapore dollars, higher than its market capitalisation of $21.3million!

Apart from that, China Star Food&rsquo s current share price of $0.083 seems rather &ldquo cheap&rdquo , at P/E of just 1.6 times and P/B of 0.3 times. Meanwhile, local listed peers, China Kangda Food trades at 124.3 times P/E and 1.2 times P/B while Sino Grandness Food Industry Group change hands at P/E of about 2.9 times P/E and 0.4 times P/B.

Whilst China Star Food has a shorter operating record since listing compared to others in the industry, we think this S-chip offers a rather good risk-to-reward argument.