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better than my expectation for this qtr. take off.liao. he he he!!! GOOOD report see for yourself at SGXann.
finally taking off !!!
expecting to have a goood set of earning report this qtr. look at the last report again last nite found the profit margin has increase quite impressively for the last two qtr. if can maintain that margin shld be very goood report. he he he. collecting some more. do ur own reseach.before jumping in.
flying soon ! flying soon! grow up liao!
ohm136 ( Date: 17-May-2009 22:44) Posted:
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Q1 (31/3/09) Rev up 38.4% to $89.766m, PAT up 447.1% to $3.031m, EPS up 942.9% to 0.73 cts, NAV per share = 21.2 cts.
I think the worst is over with the Chinese govt instituting stringent quality control on dairy products.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_25CCB3BF87BC380C482575B6004A7F27/$file/CDG-QtrResultAnnt31Mar09.pdf?openelement
China Dairy has been long forgotten since the incidence of melamine, even though its milk and milk products were cleared from melamine.
Today it closed at 10 cents per share, with a relatively high volume of 728 lots which have not been seen for a long time. I think it is value for money at this price. Reasons:
1. Fy '08 NAV per share = 19.62 cents
2. F & N Dairy Investment holds some 29.5%, which was acquired at about 38 cents (rough average) per share. Correct me if I am wrong.
What is your view?