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29-Nov-2013 22:51

Midas / Midas

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Jack, high speed train right to the MOON! For laughter.....

For info: work begins on new regional railway in E. Africa..... http://news.xinhuanet.com/english/video/2013-11/29/c_132928263.htm

Jack_LIAO ( Date: 29-Nov-2013 21:56) Posted:

Hello Peter, just enjoy our Midas party, Haha I want to meet China prime minister Mr. Li Keqiang when China plan to put on their high speed train to aerospace, then Midas will be $100, everyone here will become millionaire

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29-Nov-2013 14:17

Midas / Midas

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Yes..... may include East Africa railway business too.

Hawkeye ( Date: 29-Nov-2013 13:12) Posted:

Midas -

South America Speed Trains

Eastern Europe Speed Trains

Thailand Speed Trains

Malaysia Speed Trains

Europe Speed Trains

Singapore Downtown line

China Speed Trains -

Target Price - $2.50 over the next 1 to 2 years

LOL

Jack_LIAO ( Date: 29-Nov-2013 13:05) Posted:

If there is a last drop before another soar, lots of people will be squeezed out by the " washing machine" , ... HaHa

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29-Nov-2013 02:05

ThaiBev / up or down on debut?

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Defiant Thai protesters snub PM Yingluck's plea for talks.....

http://www.channelnewsasia.com/news/asiapacific/defiant-thai-protesters/903368.html

< < In a speech late Thursday, rally leader Suthep Thaugsuban said he would not " talk or negotiate" with the government and set a fresh deadline for the demos to reach their climax.

" Yingluck said the government can still govern, can still work - I want to say that they will only be able to work for a few more days, then we will not let them work anymore," he told several thousand supporters in Bangkok.

The former opposition MP said he would outline a new rally plan on Friday evening.

" We might take action immediately. Prepare running shoes, brave hearts, backpacks, towels and packed-food," he said.

Protesters are demanding the end of the " Thaksin regime" and want to replace the government with an unelected " people's council" - a demand Yingluck said was impossible under the constitution.> >

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29-Nov-2013 00:16

China Fishery / China Fishery - Low PE

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CWC2929, welcome back to fishing.....

Sport fishing graphics

CWC2929 ( Date: 28-Nov-2013 23:43) Posted:

LooonG Time no see guys......sorry ya seldom post here coz currently busy with Vallianz.......

i will be back to this Darling......Man Man Lai..... man man lai......

Ka Ka Hoooooooooooooooooooooot Arhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

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28-Nov-2013 23:05

China Fishery / China Fishery - Low PE

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Study shows Peruvian fish worth more as food than as feed..... http://news.ubc.ca/2013/11/13/peruviananchovy/ < < for your reading pleasure> >

Infographic: Revenue flow in the Peruvian fishing sector (Christensen et al). Click thumbnail to enlarge/download.

Infographic: Employment in the Peruvian Fishing Sector. (Christensen et al) Click to enlarge/download

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27-Nov-2013 10:50

Others / Survey Should goldman sac be punished?

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.....uncovering the truth: GS in penny stock saga.....

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26-Nov-2013 22:48

Pacific Andes / pac andes

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bigboxcar:

Best animated GIF of a sea lion stealing someone?s fish I?ve seen today!
cineraria:

Damn you sneaky Sea Lion!!

me = fishlife = sea lion

Pacific Andes Resources Development (PARD) is the largest supplier of frozen fish fillets (derived from pollock and other whitefish) in the world. PARD owns 70% of China Fish. PARD's net profit is S$125.2 million..... also another good stuff..... grab it before it's gone.....

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26-Nov-2013 21:40

Midas / Midas

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China, CEE countries eye enhanced infrastructure cooperation with new railway

http://news.xinhuanet.com/english/china/2013-11/26/c_132920001.htm

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26-Nov-2013 18:26

China Fishery / China Fishery - Low PE

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China Fish's full year net profit is US$83.8 million. Just how much is this amount?

It is about the price of the world's most expensive diamond ever sold. The stone, a 59.6-carat flawless pink diamond called the " Pink Star," was auctioned for US$83.2 million on 13 Nov 13.

Stunning: The Pink Star sold tonight for a staggering £51.7 million

China Fish's full year revenue and profit are also comparable to OSIM's full year results (roughly estimated based on OSIM's 9-months results).

Keep it up, China Fish.

Giving Thumbs Up Winking emoticon (Yes emoticons)

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26-Nov-2013 10:32

China Fishery / China Fishery - Low PE

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.....good stuff..... grab it before it's gone.....

srichipan ( Date: 26-Nov-2013 09:31) Posted:

1 lot sell down continues. Make me more confident about this company. Let be strong and patient. I'm sure a huge rally is going to come soon

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26-Nov-2013 00:27

Midas / Midas

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On a high: passengers before boarding a high-speed train on the new 2,298km (1,425-mile) line between Beijing and Guangzhou in China. The line is the latest milestone in the country?s super-fast rail network. photograph: str/afp/getty images

China on journey to becoming major player in rail technology

http://www.irishtimes.com/business/sectors/transport-and-tourism/asia-briefing-china-on-journey-to-becoming-major-player-in-rail-technology-1.1599065

Latest info: BUCHAREST, Nov. 25 (Xinhua) -- Chinese Premier Li Keqiang and his Romanian counterpart Victor Ponta agreed on Monday that their two countries would cooperate in building high-speed railways in Romania.

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25-Nov-2013 23:54

China Fishery / China Fishery - Low PE

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" Looking forward to FY2014, China Fishery will focus on the creation and realisation of synergies and cost savings from the Copeinca acquisition. The Group will also explore the possibility of increasing the value of the catch by promoting Peruvian Anchovy for direct human consumption. This presents a long-term value proposition for the overall growth of the Group?s business." Group Managing Director Mr Ng Joo Siang said.

Peru could be missing out by selling anchovies as fish meal and not as food

Peru could be missing out by selling anchovies as fish meal and not as food

About the Peruvian Anchovy for direct human consumption, saw this article dated 13 Nov 13: " Peru could be missing out by selling anchovies as fish meal and not as food" ..... for your reading pleasure.

http://www.peruthisweek.com/news-peru-could-be-missing-out-by-selling-anchovies-as-fish-meal-and-not-as-food-101437

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25-Nov-2013 21:39

SIA / SIA

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SIA..... " a NEW way to fly" ?

http://www.businessinsider.com/airbus-a380-model-looks-like-the-real-thing-2013-11

< < Enjoy watching the remote-controlled flight> >

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25-Nov-2013 21:10

Pacific Andes / pac andes

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Report in Undercurrent News dated November 25 2013

The Singapore listed divisions of Hong Kong-based Pacific Andes reported a decline in gross profit and turnover for the 2012 financial year, ending Sept. 28.

Pacific Andes Resource Development (PARD) ? which includes the results of the company?s fishing arm, China Fishery Group, also listed in Singapore ? reported turnover of HKD 8.70 billion ($1.12 bn), down 9.2% year-on-year.

As a result of this slide in turnover, the company reported gross profit of HKD 1.40bn, down 25.8% y-o-y, with its gross profit margin at 16.13%, down from 19.74% the previous year.

Revenue from its frozen fish supply chain management division, which accounted for 50.3% of total revenue, decreased by 10.2% to HKD 4.37bn, mainly attributed to the lower average selling prices of products.

Pacific Andes is the largest supplier of frozen fish fillets, derived from pollock and other whitefish, in the world.

Revenue from the fishery and fish supply division, China Fishery, which accounted for 49.7% of total revenue, decreased by 8.1% to HKD 4.32bn.

The group?s newly established fishing operations in Namibia contributed positively to the performance of its fleet, the company said, not giving any specific numbers for this operation.

Revenue from the Peruvian fishmeal operations, which have been bolstered by the acquisition of Copeinca, decreased by 7.5% to HKD 1.29bn, largely as a result of the significant reduction in total allowable catch (TAC) in the 2012 second fishing season in the Peruvian anchovy fishery.

The effect of higher average selling prices of fishmeal/fish oil and contribution of revenue from Copeinca for one month (HKD245.7 million) reduced this impact, the company said.

Revenue from its contract supply business, the name the company gives for its Russian pollock sourcing operations, decreased by 3.6% to HKD 2.81bn, due mainly to lower average prices of various products.

Revenue from the China Fishery fleet decreased by 44% to HKD 217.9m, due ?primarily to the strategic decision of not operating the fishing fleet in the South Pacific Ocean during the year under review?, the company said.

Largely because of a 193.4% y-o-y increase in ?other operating income?, the company?s pre-tax profit actually increased, by 7.2% y-o-y, to HKD 976.67m.

Cashflow for the year was strong, with the company generating HKD 4.17bn from operating activities, compared to a loss of HKD 1.04bn for the prior year.

However, net cash used in investing activities was a negative figure of HKD 7.04bn, compared to a negative figure of HKD 971.13m, with HKD 5.76bn used on acquisitions, presumably Copeinca.

For the year ahead, ?the group will focus on the creation and realization of synergies and cost savings from Copeinca?, said Ng Joo Siang, executive director and chairman.

?The Peruvian fishmeal operation is our engine for growth. The substantial improvement in TAC for the current and upcoming fishing seasons certainly will add an extra boost to this engine,? said Ng.

With a anchovy biomass level estimated at between 10.8m metric tons and 12.1m metric tons, the Peruvian Government has increased the TAC for the second fishing season (from November 2013 to January 2014) to 2.3 million, 2.8 times higher compared to the same fishing season last year.

?While the fishery and fish supply division is well positioned as our growth engine, the frozen fish supply chain management division provides the group with stable returns,? said Ng.

In addition, the group has diversified its business mix with its investment in Australia?s largest salmon farming company, Tassal Group.

?Tassal continued to provide positive contributions to the Group in FY2013. With our three strategic business pillars in place, PARD is on the right path to strengthen its position as a leading global supplier of high quality fish products,? said Ng.

The group will retain Copeinca?s listing status on Oslo Bors in this period when it is considering various strategic options for improving the Group?s organizational and capital structures, the company said.

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25-Nov-2013 12:01

China Fishery / China Fishery - Low PE

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Thanks, ynnek1267. Can presume the results meet our expectation? Meanwhile can enjoy the 1 cent dividend (2.56% yield at 0.39).

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25-Nov-2013 10:20

Pacific Andes / pac andes

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Overall market is still lethargic.....

Anyway, PARD NAV is now slightly higher at HK$2.17 (previous HK$2.02).

johnng ( Date: 25-Nov-2013 10:06) Posted:

Question is will it attract interests???!

Blanchard ( Date: 25-Sep-2013 14:05) Posted:

At current price of 0.133, the PB is only 0.4.... relatively undervalued. Just imagine the PB is 0.5, Pac Andes price would be >0.16, that is >22% upside.

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25-Nov-2013 09:23

Pacific Andes / pac andes

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PACIFIC ANDES RESOURCES DEVELOPMENT ANNOUNCES FY2013 RESULTS

 * 23.5% increase in net profit attributable to shareholders

 * Acquisition of Copeinca propels the Group into one of the leading fishmeal and fish oil exporters in the world

 * Strongly placed to capitalise on continued growth in global aquaculture

Singapore, 25 November 2013 - Singapore Exchange Mainboard-listed Pacific Andes Resources Development Limited (" PARD" or the " Group" )(SGX: P11.SI), a leading global frozen fish supplier with an integrated supply chain spanning industrial fishing, global sourcing and ocean transportation, today announced its results for the full year ended 28 September 2013 (" FY2013" ).

During the year under review, net profit attributable to shareholders increased by 23.5% from HK$627.7 million to HK$775.2 million. The FY2013 results included a maiden one month (from 31 August 2013 to 28 September 2013) contribution from Copeinca ASA (" Copeinca" ), in which the Group acquired a 99.1% equity stake on 30 August 2013. The board of directors recommended the payment of a first and final dividend of 0.3 Singapore cent per share for FY2013 (FY2012: 0.3 Singapore cent).

Following the acquisition of Copeinca, the Group has become the largest fishmeal and fish oil producer in Peru and one of the leading exporters in the world. This advantageous position is a strong reflection of the success of the Group?s business strategy of consolidating operations and improving overall operational efficiencies for its Peruvian Fishmeal Operations. As aquaculture continues to grow its share of the global seafood market, the Group can expect to capitalise on this new position of strength as a major supplier of key feed inputs to the aquaculture industry, with the fishmeal and fish oil business generating additional revenue opportunities and driving significant cost savings.

Mr Ng Joo Siang, Executive Director and Chairman of the Group, said, " The Group will focus on the realisation of synergies and cost savings from Copeinca in the year ahead. The Peruvian Fishmeal Operation is our engine for growth. The substantial improvement in Total Allowable Catch for the current and upcoming fishing seasons certainly will add an extra boost to this engine."

With a currently robust Peruvian Anchovy biomass level estimated at between 10.8 million tonnes and 12.1 million tonnes, the Peruvian Government has increased the Total Allowable Catch (" TAC" ) for the second fishing season (from November 2013 to January 2014) to 2.3 million tonnes, 2.8 times higher compared to the same fishing season last year. This is strong evidence that the Peruvian Anchovy resource is sustainable and well-managed under an effective fishery management policies adopted by the Peruvian Government.

" While the Fishery and Fish Supply Division is well positioned as our growth engine, the Frozen Fish Supply Chain Management Division provides the Group with stable returns. In addition, the Group has diversified its business mix with its investment in Australia?s largest salmon farming company, Tassal Group Limited. Tassal continued to provide positive contributions to the Group in FY2013. With our three strategic business pillars in place, PARD is on the right path to strengthen its position as a leading global supplier of high quality fish products." Mr Ng concluded.

The Group will retain Copeinca?s listing status on Oslo Børs in this period when it is considering various strategic options for improving the Group?s organisational and capital structures. The Group remains committed in its efforts to strengthen its balance sheet in order to grow its business in the future. Barring any unforeseen circumstances, management is confident of achieving continued profitability for the next year.

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25-Nov-2013 09:16

China Fishery / China Fishery - Low PE

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CHINA FISHERY ANNOUNCES FY2013 RESULTS

 * 7.3% increase in net profit attributable to shareholders

 * Becomes Peru?s largest fishmeal and fish oil producer, following successful completion of Copeinca acquisition

 * Better positioned to capture a share of the fast growing aquaculture segment as major supplier of feed inputs

Singapore, 25 November 2013 ? Singapore Exchange Mainboard-listed industrial fishing company China Fishery Group Limited (" China Fishery" or the " Group" ) (SGX: B0Z.SI) today reported its results for the full year ended 28 September 2013 (" FY2013" ). The FY2013 results included a maiden one month (from 31 August 2013 to 28 September 2013) contribution from Copeinca ASA (" Copeinca" ), in which the Group had acquired a 99.1% equity stake on 30 August 2013.

With the recent completion of Copeinca acquisition, the Group has become the largest holder of Peruvian Anchovy quota and a leading producer and exporter of fishmeal and fish oil in the world. The Group expects to capitalize on this new position of strength to generate additional revenue opportunities, as well as to derive significant cost savings. The Group also endeavours to build on the enlarged business platform with a stronger capital base to support its continued growth.

During the year under review, net profit attributable to shareholders increased by 7.3% from US$78.1 million to US$83.8 million, despite revenue decreasing by 8.1% to US$555.0 million. The Group?s newly established fishing operations in Namibia contributed positively to the performance of China Fishery Fleet while Peruvian Fishmeal Operations benefitted from higher average selling prices of fishmeal / fish oil, as well as maiden revenue contribution from Copeinca. These positive contributions partially offset the reduction in revenue due to the substantial reduction in Total Allowable Catch (" TAC" ) for Peruvian Anchovy in the 2012 second fishing season.

The board of directors recommended payment of a first and final dividend of 1.0 Singapore cent per share for FY2013 (FY2012:1.9 Singapore cents) after taking into account of the one to one rights issue during the year.

Commenting on the Group?s developments in FY2013, Group Managing Director Mr Ng Joo Siang said, " FY2013 was a year of momentum and transformation for China Fishery. We achieved our goal of increasing access to under-utilized and sustainable marine resources. Following the successful acquisition of Copeinca, we look forward to Peruvian Fishmeal Operations becoming a driver of future growth for the Group. We also expect our newly established fishing operations in Namibia to be an exciting contributor going forward."

With a currently robust Peruvian Anchovy biomass level estimated at between 10.8 million tonnes and 12.1 million tonnes, the Peruvian Government increased the TAC for the second fishing season (from November 2013 to January 2014) to 2.3 million tonnes. This is 2.8 times higher compared to the same fishing season last year. This is strong evidence that the Peruvian Anchovy resource is sustainable and is well managed under an effective fishery management policy adopted by the Peruvian Government.

This significant increase in the TAC of Peruvian Anchovy, coupled with the rising demand for fish globally, augurs well for the fishmeal and fish oil business. The Food and Agriculture Organisation of the United Nations estimates that an additional 50 million tonnes of farmed fish will be required to meet the demand of the rising world population by 2030. Fishmeal and fish oil are key feed input in aquaculture. China Fishery is well-positioned to capitalize on these positive trends with the foundation that it has been laying during the past years through a number of acquisitions in Peru.

" Looking forward to FY2014, China Fishery will focus on the creation and realisation of synergies and cost savings from the Copeinca acquisition. The Group will also explore the possibility of increasing the value of the catch by promoting Peruvian Anchovy for direct human consumption. This presents a long-term value proposition for the overall growth of the Group?s business." Mr Ng said.

The Group will retain Copeinca?s listing status on Oslo Børs in this period when it is considering various strategic options for improving the Group?s organisational and capital structures. The Group remains committed in its efforts to strengthen its balance sheet in order to grow its business in the future.

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25-Nov-2013 01:29

Shen Yao / ThinkEnv name change to Liongold Corp

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re-post picture

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25-Nov-2013 01:07

Shen Yao / ThinkEnv name change to Liongold Corp

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.....perhaps a lesson learnt: don't give " financial bully" a foothold.....

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