By TX Investment Consulting Co., Ltd.
- May 6, 2009
- Agriculture
Net profit saw year-on-year decline, and net non-operating income contributed to nearly 50% of net profit. In 2008, 35 listed agricultural companies realized operating revenue of Rmb61.435bn (+23.17% yoy), total net profit attributable to owners of parent of Rmb1.961bn (-27.69% yoy). Profit from main business of listed agricultural companies was of limit, and net non-operating .......
By TX Investment Consulting Co., Ltd.
- Apr 20, 2009
- Jiangxi Zhengbang Technology Co., Ltd.
The company’s performance enjoyed substantial surge in 2008, which was mainly because 1) Raw material price of forage rally greatly increased that of feedstuff, and 2) Price and quantity of live pig & piglets surged.
Viewing from business structure, the company’s revenue and profit were mainly sourced from forage business, of which the revenue and .......
By TX Investment Consulting Co., Ltd.
- Apr 9, 2009
- Shandong Oriental Ocean Sci-Tech Co., Ltd.
In 2008, the company realized business turnover of Rmb27948mn (+12.30% yoy), operating profit of Rmb1542mn (-36.41% yoy), net profit attributable to parent of Rmb176mn (-91.16% yoy), and EPS of Rmb0.21. According to its dividend distribution plan, the company was to send Rmb0.2 cash dividend for every ten shares.
We predict its 2009-2010E EPS to be .......
By TX Investment Consulting Co., Ltd.
- Mar 26, 2009
- Shandong Minhe Animal Husbandry
During the period under view, the company realized sales volume of baby chicks of 130mn (+38.29% yoy), chicken sales volume of 38,000 ton (+38.42% yoy). However, its gross margin decreased by 5.3ppt yoy to 14.52% as average sales price of baby chick suffered year-on-year decline of 8.87%.
It is predicted that its EPS in 2009-2010E .......
By TX Investment Consulting Co., Ltd.
- Mar 25, 2009
- Dalian Tianbao Green Foods
In its 2008 annual report, the company reported operating revenue of Rmb636mn (+47.41% yoy), operating profit of Rmb65mn (+35.71% yoy), net profit attributable to owners of parent of Rmb68mn (+41.76% yoy) and diluted EPS of Rmn0.69.; in addition, the company distributed dividend of pretax Rmb2.2 for every 10 shares.
Earning forecast and rating: We predict its .......
By TX Investment Consulting Co., Ltd.
- Feb 2, 2009
- Agriculture
1. As all funds have issued their Q4 2008 reports, we hereby make an analysis on funds holding change of heavyweights in agricultural shares between Q3 and Q4 2008.
2. The industry maintains low allocation, yet its proportion ascends. In accordance with categories by CRSC, total equity of funds holding in agricultural industries accounts for 0.66% .......
By TX Investment Consulting Co., Ltd.
- Aug 20, 2008
- Agriculture
From Mar 2008, mixed policies on grain security have been carried out by the government. Main grain production areas like Heilongjiang, Jilin, Jiangxi and Henan consecutively put forward long-term layout and detailed moves for production increase; meantime, National Layout for Supplementary 50bn KG Grain Production Capacity (2009-2020) was being compiled.
It brings huge opportunities for .......
By TX Investment Consulting Co., Ltd.
- May 19, 2008
- Agriculture
At the invitation of the State Council Information Office, on May 17, Vice Minister of Agriculture Wei Chaoan announced the preliminary data of the impact of 5 • 12 Wenchuan Earthquake on the agricultural production. Comments: Impact on food production. Vice Minister of Agriculture spoke at a press conference that more than 50 million mu .......
By TX Investment Consulting Co., Ltd.
- Aug 23, 2007
- Faw Car Co., Ltd.
The day of August 23, 2007 witnessed the realization of our forecast that the Shanghai Composite Index would surpass the 5000-point level. Looking back into the past, we were among few observers who were always bullish over market trend. Our judgment turned out to be true once and again.
For a long time there .......