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Price has gone up! All of them laughing to the bank now!
teeth53 ( Date: 08-Jun-2021 12:02) Posted:
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It seems that NutryFarm is accelerating its business expansion pace...
Combat Durian is quite famous for its ' butter' durian and Maoshan Wang, and they are quite popular among tourists! I am quite surprised at the partnership. My guess is they see a lot of potential working with Nutryfarm.
WBdisciple ( Date: 10-Jun-2021 22:53) Posted:
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Nutryfarm - This is great! Increasing market share in Singapore!
https://links.sgx.com/1.0.0/corporate-announcements/R3KXWSETZ3FLQ3LY/aa5ab9bc91674a6aeead83a5464074e79fb03f805669f6fe591de1d7739b39ad
Just out...NutryFarm Partners with Founder of Combat Durian in a New Singapore Joint Venture Recent Share Placement to Accelerate its Growth Plans in Asia&rsquo s Durian Industry
https://links.sgx.com/FileOpen/Ann-Press%20Release-10Jun2021-Final.ashx?App=Announcement& FileID=670879
https://links.sgx.com/FileOpen/Ann-Press%20Release-10Jun2021-Final.ashx?App=Announcement& FileID=670879
Chinese middle class could reach 550 million in three years.
In 2038, 66% of world' s population will be middle class, n more than half of global middle class, or 3.3 bil people, will be in Asia-Pacific countries. World' s urban population is expected to rise, from 4.2 bil today to 5.8 bil by 2038, n urban dwellers will account for 64% of the global population.
China is now the largest single market for NutryFarm mkt.
In 2038, 66% of world' s population will be middle class, n more than half of global middle class, or 3.3 bil people, will be in Asia-Pacific countries. World' s urban population is expected to rise, from 4.2 bil today to 5.8 bil by 2038, n urban dwellers will account for 64% of the global population.
China is now the largest single market for NutryFarm mkt.
teeth53 ( Date: 08-Jun-2021 12:02) Posted:
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Ten more Investors brought in, showing more interest for NutryFarm.
teeth53 ( Date: 07-Jun-2021 17:10) Posted:
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NutryFarm Satisfies China&rsquo s Growing Love of Durians
Cheng Meng&rsquo s life-long passion for durian - renowned for its spiky husk, buttery yellow flesh and bitter-sweet taste - should not be sniffed at. The engineer by training gave up a well-paying job in project management at the age of 26 - all for this pungent, tropical fruit.
&ldquo My family business is in the fresh fruit produce industry, and having had my first taste of durians growing up, I fell in love with the fruit - with its aroma, velvety texture and unique taste,&rdquo recalled the Chief Executive Officer of SGX-listed NutryFarm International Ltd.
After obtaining his Bachelor of Automotive Engineering degree from Shanghai University in 2013, Cheng began his career as a project manager overseeing major construction projects in Thailand for China&rsquo s Shandong Electric Power Construction No.3 Engineering Company.
The Thai durian industry is the largest supplier of durians to China, and exports close to 800,000 tonnes of durians per year, while Malaysia&rsquo s durian production is estimated at 300,000 tonnes annually.
Intrigued by the Thai durian industry, Cheng started dabbling in the trading and distribution of the fruit. Within six months, however, his inexperience and lack of knowledge led to him losing millions of renminbi.
&ldquo Customers rejected my durians as they were of an inconsistent quality, and the fruit wasn&rsquo t properly cleaned or disinfected prior to delivery, among many other issues,&rdquo he said.
While this initial foray had drained a significant portion of his financial resources, it also taught Cheng many important lessons, and allowed him to build up a more comprehensive understanding of the trade.
&ldquo I was undaunted. I told myself that given more time and experience, I would be able to make a name for myself in this durian trade that I am deeply passionate about,&rdquo he added.
&ldquo So against my family&rsquo s wishes, in 2015, I quit my well-paid job as project manager and switched careers to the durian industry.&rdquo
In 2016, Cheng founded the One Family (Thai) Company Ltd in Thailand, which is in the business of planting, trading and processing of durians. For the 32-year-old, it was an entrepreneurial journey marked by continual learning.
&ldquo As we are dealing with fresh produce, technical knowledge is vital and serves as a key entry barrier to this industry,&rdquo he noted.
&ldquo Not only does it takes time to accumulate know-how and skills, we also need to be constantly on the ground, building on our agricultural expertise and expanding our networks with the farmers and plantations.&rdquo
Over the course of this journey, a feather in his cap was chalking up sales of US$200 million in fresh Thai durians, the majority of which was exported to China.
China only permits the import of fresh Thai durians, while Malaysian durians are exported to China as frozen whole durians, frozen durian pulp and paste.
Building Momentum
Late last year, Cheng bought a significant stake in Mainboard-listed NutryFarm through a share placement exercise. He was subsequently appointed Non-Executive Director in November 2020, before being re-designated Executive Director and CEO in January 2021. He is also the Executive Vice President of the Thailand-Anhui Business Council.
NutryFarm, through its wholly owned subsidiary Nutryfarm Biomedicine International Ltd (NFB), produces high quality nutrition and health food products for consumers in China. These products are formulated mainly from natural as well as traditional medicinal herbs from the Americas, China, Europe and New Zealand.
Based in its 34,165 square-metre facility in Sichuan province, the Group is involved in the research and development, manufacturing, sales and marketing of more than 40 proprietary brands, catering to the diverse nutritional needs of the China market.
Another wholly owned subsidiary, Global Agricapital Holdings (GAH), is engaged in the wholesale trading and distribution of fruits, particularly durians.
Since December 2020, NutryFarm has inked various agreements to sell 1,480 containers of fresh durians from Thailand to major Chinese fruit importers. The total contract value of these agreements is estimated at approximately RMB962.0 million as at 13 February 2021.
Despite the COVID-19 pandemic, China&rsquo s demand for durians remains robust. In 2020, the country imported 575,000 tons of durians worth RMB14.7 billion (US$2.3 billion) from Thailand, up 78% year-on-year, according to data from the Ministry of Agriculture and Cooperatives of Thailand.
In March, NutryFarm announced that GAH had entered into two new purchase contracts for 570 containers of fresh durians from Thailand. Shipments have started since 20 February 2021 and will continue through the year.
&ldquo We&rsquo re looking to build on the momentum of our durian trading and distribution business, which has garnered strong traction,&rdquo Cheng noted.
&ldquo To-date, we have completed one of the contracts for 200 containers of fresh durians, and are working to fulfil the other sales contracts. At the same time, we&rsquo re in discussions to secure new orders.&rdquo
For the three months ended 31 March 2021, NutryFarm&rsquo s fruit business contributed HK$27.9 million in sales, representing more than half the quarter&rsquo s total revenue of HK$41.0 million. This also helped the Group return to the black in the quarter from the year-ago&rsquo s net loss.
Last month, the Group announced plans to expand its durian business in Singapore with local e-commerce partner EBuy Pte Ltd. Ebuy will import pre-packaged durians from Malaysia and Thailand on behalf of GAH and its suppliers, and distribute them in Singapore. The first shipment is expected by 1 June 2021.
&ldquo As part of our continuous efforts to be a preferred partner, we aim to utilise our specialised industry knowledge and access to various supply origins in Thailand to expand our business presence in Asia,&rdquo Cheng said.
And in view of the Group&rsquo s intention to build up capabilities in the wholesale trading of fruits, NutryFarm will seek shareholder approval for the proposed diversification of its core business.
&ldquo The Group has submitted the circular for SGX approval and will call for an EGM once that approval is obtained,&rdquo he added.
Cutting-Edge Tech
To spur sales further, NutryFarm will capitalise on technological innovation. &ldquo Sophisticated tools such as robots, temperature and moisture sensors, aerial imaging, and GPS technology will allow upstream suppliers - the farmers - of durians to be more profitable, safe, accountable and environmentally friendly,&rdquo Cheng said.
&ldquo At the same time, these technologies can be used to increase transparency and enhance food safety, as the data collected can educate and inform consumers of the origins of their durians and other relevant details.&rdquo
Cheng hopes such features will enhance the value chain. &ldquo These advancements belong to the future of agriculture, and they will boost the viability and efficiency of the entire durian trade, thereby benefiting all stakeholders.&rdquo
Not surprisingly, quality assurance is an issue that keeps him up at night. &ldquo This is one of my key priorities because it forms the cornerstone of our business, particularly in the case of fresh produce,&rdquo he said.
&ldquo Our customers are dependent on us, and it takes years to build trust. If we do not deliver the quality that is promised, it takes just minutes to break that trust and undo all our efforts.&rdquo
As a result, Cheng has little time to spare outside of work. &ldquo Durians are 24/7 for me,&rdquo he admitted with a grin.
&ldquo There are more than 200 types of durian varieties in Thailand, and with the increased use of cutting-edge innovation in agriculture, there are plenty of things to learn, understand and experience in this industry.&rdquo
And without this level of passion, success would be impossible, he added.
&ldquo I believe that if we combine humility, integrity and passion in our professional careers and personal lives, we can overcome almost all challenges, and at the same time, the force of our convictions will also motivate others to help us achieve our goals.&rdquo
Some quietly collecting on the cheap...?.
WBdisciple ( Date: 07-Jun-2021 10:41) Posted:
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NutryFarm featured on SGX kopi C...interesting insights and story behind CEO..
https://x.edm.sgx.com/ats/msg.aspx?sg1=5950290e86ffb4d5e755f120f9ce30ff%c2%a0
https://x.edm.sgx.com/ats/msg.aspx?sg1=5950290e86ffb4d5e755f120f9ce30ff%c2%a0
More supporters and liquidity for Nutryfarm.
NutryFarm to Raise S$6.38 Million from Share Placement
The Company has entered into placement agreements dated 4 June 2021 (&ldquo Placement Agreements" ) with the following persons (collectively, the " Placees" ), whereby the Placees have agreed to subscribe for the following respective amounts of new ordinary shares in the capital of the Company (&ldquo Placement Shares&rdquo ) (totaling 22,000,000 new Placement Shares) at the issue price of S$0.29 per Placement Share, subject to and upon the terms of the respective Placement Agreements
The estimated net proceeds from the Proposed Placement, after deducting estimated expenses pertaining to the Proposed Placement of S$40,000, will be S$6,340,000. The net proceeds will be used for working capital purposes in accordance with the intended use as set out below:
Working Capital for the durian trading business S$4 million
Working Capital for new markets for the fruit trading business S$1 million
Headquarter expenses and payables S$1 million
BALANCE S$340,000
Too illiquid
Very very hard to make $ on this counter
Too little interest from investors etc in this stock
Very very hard to make $ on this counter
Too little interest from investors etc in this stock
$NutryFarm(AZT.SI) Good news for Nutryfarm investors.
Although they are not direct competitors, but if malaysia increase prices on Durian, more demand could shift to Thailand Durian in China.
https://www.straitstimes.com/asia/se-asia/king-of-fruits-to-cost-more-this-year-due-to-lower-yield-in-malaysia
$NutryFarm(AZT.SI) Old news but great reminder for us...
Since December 2020, NutryFarm has inked various agreements to sell 1,480 containers of fresh durians from Thailand to major Chinese fruit importers. The total contract value of these agreements is estimated at approximately RMB962.0 million as at 13 February 2021.
Despite the COVID-19 pandemic, China&rsquo s demand for durians remains robust. In 2020, the country imported 575,000 tons of durians worth RMB14.7 billion (US$2.3 billion) from Thailand, up 78% year-on-year, according to data from the Ministry of Agriculture and Cooperatives of Thailand.
In March, NutryFarm announced that GAH had entered into two new purchase contracts for 570 containers of fresh durians from Thailand. Shipments have started since 20 February 2021 and will continue through the year.
&ldquo We&rsquo re looking to build on the momentum of our durian trading and distribution business, which has garnered strong traction,&rdquo Cheng noted.
&ldquo To-date, we have completed one of the contracts for 200 containers of fresh durians, and are working to full the other sales contracts. At the
same time, we&rsquo re in discussions to secure new orders.&rdquo
For the three months ended 31 March 2021, NutryFarm&rsquo s fruit business contributed HK$27.9 million in sales, representing more than half the quarter&rsquo s total revenue of HK$41.0 million. This also helped the Group return to the black in the quarter from the year-ago&rsquo s net loss
https://www.sgx.com/research-education/market-dialogues/20210604-nutryfarm-satisfies-chinas-growing-love-durians
$NutryFarm(AZT.SI)
Interesting stuff! This adds to the durian demand!
https://durians.com/pages/weirdest-durian-combinations-china
In China, almost anything under the sun is sold via Live Stream. I heard there was this famous influencer who apparently sold a rocket via Live Streaming. Durian is the next best thing.... haha
For_The_Next_Leg ( Date: 31-May-2021 23:11) Posted:
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$NutryFarm(AZT.SI)
" Sino-Thai trade increased by 38% in the first quarter of 2021" - The main line from this article.
https://www.freshplaza.com/article/9323191/royal-thai-consul-general-in-shanghai-sells-18-tons-of-durian-in-live-broadcast/
Adding a zero behind the six. It beconing a 4.6mil....lagi best for this qtr.
WBdisciple ( Date: 27-May-2021 07:51) Posted:
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The value of each container shipped is about RMB650k. In the month of April alone, 165 containers were shipped by the company to China as per the company' s announcement.
Assuming a constant rate of 165 containers per month from April to Sep 2021, which is probably the peak of the durian season in Thailand, we are looking at about 990 containers.
990 x RMB650k (SGD130k) = SGD128.7m
That means a potential revenue of S$128.7m for the 6 months from April to Sep.
Assuming a 7% profit margin:
SGD128.7m x 0.07= S$9.009m
Thats the estimated profit we shall be looking at. Pls DYODD
Assuming a constant rate of 165 containers per month from April to Sep 2021, which is probably the peak of the durian season in Thailand, we are looking at about 990 containers.
990 x RMB650k (SGD130k) = SGD128.7m
That means a potential revenue of S$128.7m for the 6 months from April to Sep.
Assuming a 7% profit margin:
SGD128.7m x 0.07= S$9.009m
Thats the estimated profit we shall be looking at. Pls DYODD
To recap...
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.
> NutryFarm' s 2Q Sales Surged 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
> 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.
Accordingly, the Group expects the 3rd quarter revenue to increase.
LOOKING FORWARD TO MORE GOOD NEWS TO COME