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It' s been a while since has been floating around 30ish. Last days you can see more volume building up...let' s hope we see more action later
luckyboy22 ( Date: 14-Jun-2021 11:19) Posted:
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seems like gonna chiong today ho?
WATCH to see BIG SWING later...BBs is inside this today..> COLLECTION mode 5m today..counting down
TIME FOR A BIG SWING UP CHINA STAR FOOD......aiming $0.035 TODAY
TIME TO BREAKOUT TODAY!!!!
Today' s play...
might be the next to move...
so long sleeping
The un-notice one.... looking good
few still on relax mode... Sino G too like wan or don wan move
CHIO ah afternoon like want move
Cld this be the one today?
last call for those who want to subscribe for their right
sptaman ( Date: 20-Jun-2017 18:08) Posted:
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NO UPDATE ON THIS COUNTER
BB is really good. Because not much interest in this counter, BB is able to keep pushing it lower even though the cash per share is $0.098 per share with very little debt. Let' s see how low they can push ... interesting. Since they have done all the work .... we shouldn' t waste their effort. keen to add more.
vested, Full year result out soon , already 9months prifit stood at S$> 10MILLION , nave-S$0.30, Debt 2million, cash 24million, cash per share stood at S$0.98 ,new mega plant operations will begin in 3rd quater this year , if If BB push lower, i wil grab more
Sorry, typo .... 9M profit is 50M RMB which is around 10M SGD (not 20M).
nngeeh ( Date: 09-May-2017 14:45) Posted:
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The price now is equivalent to their total cash on hand ... and this doesn' t even include the actual business. The value of their cash is 0.097 (which is the current share price) and other assets is worth another 0.2+ .... If 9months, they can generate $20M profit ... the FY result should be good.
nngeeh ( Date: 09-May-2017 14:37) Posted:
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Just vested. 9 mths - profit ard $20M SGD. Debt just $2M SGD. NAV - $0.30 SGD, Cash - $24M ... which works out to be around $0.0957 per share.
P/B is 0.3, Cash is $0.0957 and PE is near to 1. The FY result is due soon.
If BB push lower, i wil grab more :)
Keep a tight watch on possible new developments in the coming days on any trend reversal.
Share price has been hit after news that its Q4 production will be heavily impacted for 3 months (up to Mar 31 2017) due to a halt in production. The existing factories have been shut down since Jan 20 for the Chinese New Year holidays. Production operations will only re-start in March/April after relocation to a new factory.
China Star Food Group announced yesterday that it has been granted the operating license from Lonyan City Food, Drug supervision & administration bureau for its new manufacturing plant in Liancheng, China. The Group has invested approximately RMB100m as setup cost. The plant has a production capacity of 30,000 tonnes (exceeds the current combined capacity of the 2 existing factories), and enables it to roll out new products with higher gross profit margins. Production is expected to start in April 2017.
Interesting to see whether there will be any teething problems or hiccups in the start-ups ?
Some background reading:
https://www.nextinsight.net/story-archive-mainmenu-60/939-2017/11318-china-star-food-new-products-and-marketing-to-drive-growth
http://infopub.sgx.com/FileOpen/BT%20Article%20dated%2015%20Feb%202017.ashx?App=Announcement& FileID=439335
http://infopub.sgx.com/FileOpen/CSFG%20-%20Clarification%20Announcement.ashx?App=Announcement& FileID=439334