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anyone got any comment on this counter???
Founded in 1998, Yamada Green Resources (Yamada) is the latest S-Chips
agriculture play listed on SGX. It is a leading supplier of self-cultivated shiitake mushroom
in Fujian, China, and has a total cultivation area of 2,614mu. In 2007, the company began
to focus on the domestic PRC market that has since accounted for >70% of its revenue.
FY09 recurring net profit was up seven-fold to RMB76m from RMB10m in FY07, driven by
strong domestic sales growth and 10ppt gross profit margin expansion to 40%. Despite its
short track record and single product focus, we see Yamada as a key upstream candidate
for investors looking to ride on the fast raising China consumption, high agriculture prices
and a sharp turnaround in sentiments towards small-cap S-Chips. At 3.5x FY11 P/E and
43% net profit CAGR over FY09-12F, near-term share price could react positively to its
quarterly earnings momentum.
Valuation: We use P/E as our preferred valuation methodology as share price will likely
respond positively to its quarterly earnings momentum. Given that Yamada is at early
phase of a growth path similar to that of China Green, we peg our target price at 5x FY11F
P/E, 60% discount to China Green’s historical average of 12x P/E. Our target multiple is
deemed undemanding as compared to China Minzhong’s 9x (BUY, TP$1.78) and Sino
Grandness’ 6x (BUY, TPS$0.56) that we used in deriving their valuations. Our target price
chun bo?!?!? conned job har? haha....
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*DJ Yamada Green Resources Started At Buy, S$0.40 Target By DMG !!
har? done?even hitting or breaking 30cts level leh!?!....chey thot wat... :P.
Isolator ( Date: 04-Nov-2010 16:55) Posted:
Done... Patience pay.... A nice weekend!  |
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Done... Patience pay.... A nice weekend!
wah! since this burger into Mushrm business...it's closest bro SinoGrandness posted strong growth 47% in mushrm leh...wonder this burger will b brought to life miraculously as well so i can $HORT ?!?! :P
9M10 Performance
Revenue (RMB ‘000) 9M10 9M09 Change %
Beverage 113,329 373 N.M.
Asparagus 174,830 153,002 +14.3
Long beans 45,147 38,101 +18.5
Mushrooms 76,084 51,552 +47.6
Others* 26,307 5,447 +383.0
Total 435,697 248,475 +75.3
Buy and hold.... It won't be too long...
I think it can turn out to be a good price at $0.25. Its P/E seems to be very low for Agriculture stock (provided the IPO prospectus is accurate).
Isolator ( Date: 27-Oct-2010 22:53) Posted:
| I am NOT worry about this counter yet. Still longing this... Unless global turn down is confirmed, or else still comfortable with it and still long before my stop... |
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I am NOT worry about this counter yet. Still longing this... Unless global turn down is confirmed, or else still comfortable with it and still long before my stop...
Try not to go long with a stock without track record.......you can if it is a very very very big company.
Isolator ( Date: 25-Oct-2010 14:09) Posted:
Expect the unexpected....Buy and hold... |
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wah! 25cts! i thk Isolator must be buy & holding this burger from 28cts to below 22cts IPO price? LOL :P
will KIV this burger...unless break 30cts...not much meat for me to short now....haha....u hv fun BUY and HOLD ! :P
Isolator ( Date: 26-Oct-2010 09:49) Posted:
| Be patience....Buy and hold... |
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Be patience....Buy and hold...
WAH! 26.cts almost broken siah!! who is that fellow calling for buy and hold and wait 4 cheong har?!??!?!?! hahha.....damn...too busy shorting other counters....thk i will let go this one! gd luck to those vested! :P switching to other counters for SHORT ! hee.... :P
AHAR!! 27cts....and 26.5cts coming!! this is so EXPECTED !!!! buy n hold? hahahha.....BIG JOKE>..$HORT BIG AHH !!! :P
nickyng ( Date: 25-Oct-2010 15:16) Posted:
| i go meetg now...after meetg...this burger is EXPECTED to b stagnant again at 27.5cts or lower! haha.......wat a joke :P
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i go meetg now...after meetg...this burger is EXPECTED to b stagnant again at 27.5cts or lower! haha.......wat a joke :P
Expect the unexpected....Buy and hold...
haha...still living in denial ahh?!??! 27.5cts break liao lah...only go DOWN!!haha all other interest will b on other recent IPOs and SGX this wk! this burger is a goner! :P even i not interested to SHORT this burger liao !
Buy and hold.. Expect the unexpected anytime soon....
