Wednesday, December 19, 2012

Gold Chart 1968 - 2012. A bubble?

Gold Chart - 1968- 2012
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Gold Macro Trend

gold 19 dec
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Tuesday, December 18, 2012
Wednesday, December 12, 2012
Tuesday, December 11, 2012
Monday, December 10, 2012
Thursday, December 6, 2012

China Minzhong - Major shareholder sold out 57.23mil shares at $0.80

china minzhong 6 Dec


SINGAPORE, Dec 6 (Reuters) - Shares of China Minzhong Food Corp Ltd fell as much as 10.6 percent on Thursday, after a block trade fuelled speculation one of its largest shareholders had sold its stake in the food processing firm.
China Minzhong, which is 16.9 percent owned by sovereign wealth fund Government of Singapore Investment Corp, was trading down 8.2 percent at S.78 at 0225 GMT. It was the most actively traded stock by value. In an earlier block deal, one party sold 57.23 million shares at S.80 each.

A trader said one of China Minzhong's shareholders had sold its entire stake in the company through a private placement.

According to Thomson Reuters data, Olympus Capital Holdings Asia, is the company's third largest shareholder, with 57.23 million shares or a 10.3 percent stake.

Franklin Templeton Investments Corp is the second largest shareholder with a 12.2 percent stake, or 68.13 million shares.

China Minzhong was not immediately available for comment. (Reporting by Charmian Kok; Editing by Richard Pullin)
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Facebook - Will be added into Nasdaq-100 Index next week. It may give it a significant boost.

facebook 6 Dec
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Apple - Poised to test previous low at 510.

apple 6 Dec


Apple Inc. (NASDAQ:AAPL) Shares Dip Hard On Rising Competition

Apple Inc.(NASDAQ:AAPL) is feeling heat of competition from all sides now. The one-time unassailable company is starting to look more vulnerable as companies like Nokia Corporation (ADR)(NYSE:NOK) are determined to make inroads in the smartphone segment while Google becomes a potent force in tablets.

Apple shares fell the most on Wednesday in four years on concerns that it will lose market share to Nokia in China and to Google in the tablets segment.

Research firm International Data Corp had said that Apple’s iPads and iPad Mini will lose market share in 2012 to Google's Android-based devices. It said that Apple’s share of the tablet market will slip to 53.8 percent this year from 56.3 percent in 2011, while Google’s portion will advance to 42.7 percent from 39.8 percent.

Apple fell 6.4 percent, the biggest drop since Dec. 17, 2008, to $538.79 at the close in New York. The decline erased $34.9 billion from Apple’s market value, the steepest loss since at least 1988, according to data compiled by Bloomberg. The stock is still up by a third this year so far.

Nokia launched its new Lumia 920 in Chine in a tie up with China Mobile, the country's largest wireless carrier. Incidentally Apple does not have a tie-up with China Mobile, though it has forged agreements with Chin Telecom and China Unicom to sell iPhones in the world's largest smartphone market.

Analysts are inclined to call the dip in Apple’s shares to a technical breakdown, after it failed to sustain recent rally.

Consumers are also more likely to experiment with new products in the market compared to the sameness of Apple's devices.

Source: themarketsareopen.blogspot.sg
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Wednesday, December 5, 2012

SinoGrandnes - A star in the making

sino grandess 5 dec
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Sino Grandness - Share Price May TAKE OFF If Subsidiary Managed To Be Hived Off For Listing On The HK Exchange



Sino Grandness Food Industry Group Limited manufactures and sells canned vegetables and fruits. Since listing on the Singapore Exchange in 2009, the company has successfully diversified its business model, transforming itself into a canned vegetable exporter focused on both the overseas and domestic markets Its products include canned asparagus, canned mushrooms, canned long beans and other canned products (including sweet corn and fruits). It sells its canned food products to distributors and retailers in Germany, France, Singapore, Turkey and China. Its products are branded under its customer's brands, including Mikado (under I Schimdt) and ECO+ (under Siplec), and house brands of supermarket chains in Europe, including Lidl, Aldi, REWE, Walmart and Metro. In October 2011, it incorporated a wholly owned subsidiary, Garden Fresh (Sichuan) Fruit & Vegetable Beverage Co., Limited.

Possible Hiving Off Of Susidiary. Sino Grandness is eyeing a separate listing of its beverage business under Garden Fresh HK on the Hong Kong Stock Exchange in 2014. Garden Fresh is a very profitable company since inception and there is much value waiting to be unlocked. It could be worth SGD383m if Garden Fresh were successfully listed in Hong Kong vs only Sino Grandness’s current market cap of SGD126m based on some reports.

Risk – If Garden Fresh Fails To List On HK Exchange. Sino Grandness issued convertible bonds totaling CNY370m to Sun Hung Kai Investment and Goldman Sachs in 2011 and 2012. The bondholders are allowed to convert the CBs into shares of Garden Fresh based on a predetermined PE multiple. The main risk for Sino Grandness is that it could bear a substantial penalty if Garden Fresh fails to get listed in Hong Kong.

Rewards For Those With Big Risk Apetite. During its 4QFY11 results briefing, Sino Grandness in-house branded products launched in 2012 took off surprisingly well. In 2QFY12, this segment contributed RMB38.2m of revenue in 2QFY12 vs RMB1.3m in 2QFY11. The domestic canned fruits business leveraged on Sino Grandness' existing distribution network and commands gross margins of 37.1% (higher than its overseas products). Domestic canned fruits business made up  8% of 2QFY12 sales and net profit.  Sino Grandness is trading at a steep discount of 3-x FY13 PER, based on Reuters estimates. Apart from the substantial return in the event of a successful listing of Garden Fresh, a PER of 3x seems too cheap for a company with over 40% annual growth. Source: Maybank Kim Eng Research - 19 Nov 2012. • At the current share price it is trading at about 4-5 time PE. Currently, the fast-moving consumer goods peers in Hong Kong are trading at an average of 33.2x FY11 PE. The strongest re-rating catalyst is likely to be in 2HFY13 where it may commence work on the spin-off of its subsidiary
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Tuesday, December 4, 2012
Monday, December 3, 2012