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Ranger2 Member	12-Jan-2008 18:54        Ranger2 About Contact  Quote this Post!
x 0   x 0  Alert Admin	My broker told me is worth to invest in food counter. Any comment?
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Hulumas Supreme	12-Jan-2008 14:28        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	Despite any bad news effecting People's Food, however, It is worth to be contrarian to this counter. I am vested now.
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zhuge_liang Supreme	11-Dec-2007 00:56        zhuge_liang About Contact  Quote this Post!
x 1   x 0  Alert Admin	Live hog prices have risen again over the last month to the Rmb15/kg level on the back of stronger demand as they entered the winter season. CIMB do not see any near term easing in prices given that demand for pork will remain high through Chinese New Year. Although the government has implemented a series of measure to entice farmers back to pig rearing, they believe the positive impact will only be felt in 2H08 when new supply is released into the market and demand eases off after the holidays in Feb 08. Against this backdrop, they believe near term outlook for People's Food remains weak. Since 2Q Pfood has had to deal with not only escalating hog prices but also shortage in supply which resulted in the closure of its plant in Dezhou. At this juncture this facility remains shut. Although they have seen gross margin rebound to 7% in 3Q07, it is still a far cry from the historical level of 20%. The group was able to raise ASPs in 3Q07, but  they believe persistent high hog prices will continue to undermine margin recovery particularly for its downstream products, which account for 40% of its turnover. CIMB thus expect margins to remain suppressed until the hog situation improves in 2H08. CIMB have cut their EPS forecasts by 6.3-10.2% in FY07-09 to reflect persisting high hog prices, slower sales growth as Dezhou plant remains shut and lower earnings contribution from its 36.74% associate Pine Agritech. They have also rolled forward their valuation to end-08 which pushes their DCF based (10% WACC, 2% LTG) target price from $1.26 to $1.32. They believe sentiment on the stock will remain weak in the near term, as PFood has yet to resume production at its Dezhou plant due to tight hog supply. However, PFood's share price has shed 40% since their downgrade in May reflecting the key negatives hence their upgrade from trading sell to Neutral.
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zhuge_liang Supreme	16-Nov-2007 00:11        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lehman Brothers initiated coverage of the stock at "overweight" and price target of $1.81. Lehman analyst Christine Peng said she expects earnings for the China-based producer of fresh and processed meat to turn around in '08 due to recovering slaughtering volume and margins. "With 73% of slaughtering capacity in northeast China and Shandong province, we believe People's Food is well-positioned to benefit from a hog supply recovery," she said.
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zhuge_liang Supreme	13-Nov-2007 01:04        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	People's Food  has reported a 62.8% plunge in Q3 net profit for the period ended Sep 30 to 84.5 million yuan as the company continues to suffer because of a pig shortage in China. The Shandong-based company, China's biggest meat processor, said that revenue also fell, by 16.2% to 1.81 billion yuan from 2.16 billion yuan. Earnings per share fell to 0.07 yuan from 0.20 yuan. For the 9 months, net profit was down 37.3% at 375.3 million yuan. People's Food said that the group's plant in Dezhou, Shandong province remains shuttered. The nationwide shortage in the supply of live pigs in China had led to the suspension of productionthere since May '07. The short term outlook continues to be weak, the group said.
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zhuge_liang Supreme	27-Oct-2007 00:11        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pfood has a low valuation compared to China peers. So is it a buy? CIMB-GK doesn't think so. Concentrated facilities undermine ability to respond to sudden market changes. Unlike China Yurun, Pfood production plants are mostly located in Shandong, one of the biggest hog-producing provinces in China. However,the recent supply shortage was also the most severe in Shandong, forcing Pfood to close temporarily its Dezhou plant which has yet to reopen. There'll be no uplift in near-term earnings. CIMB expect 2H07 to see even slower earnings growth than 1H07 as Pfood is hit, not only by surging hog prices but also by production disruptions from tight hog supply. As a result, overall utilisation remains low, capping any hopes of margin recovery. This will persist through much of 1H08 until new supply is put back into the market in 2Q08 Margin will only start recovering in 2H08. CIMB expect profit margins to bottom out in 2HFY07 and remain relatively stable through 1Q08 as strong demand over CNY will support high hog prices. CIMB have reduced their EPS estimates by 5.4-17.4% in FY07-09 as they were previously too optimistic on its recovery. They use DCF valuation at 12% WACC and 2% LTG to derive their target price of $1.26. This implies 21x CY08 PER and 17x CY09 PER. They maintain their TRADING SELL call ahead of its 3Q result announcement next month.
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techsys Master	03-Oct-2007 22:41        techsys About Contact  Quote this Post! Style: Combined   Mood:
x 2   x 0  Alert Admin	Watching close to this counter ... waiting for the gate to be opened.
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Kelvinbh Member	01-Oct-2007 22:07        Kelvinbh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well done PRC...Fund with fun and food. This is a catching up action. From the chart, 52 week high was $2.22. Party time......
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Kelvinbh Member	30-Sep-2007 10:35        Kelvinbh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Most food stock had move toward north. Anyone know how many percent PFood hold for Pine Agritech? Both stock look interesting for this moment. The chart shown vol. and momentum had shoot up for the last 2 section.
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zhuge_liang Supreme	13-Aug-2007 22:48        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	People's Food dived to as low as $1.28 after the firm posted a 68% drop in quarterly profits. The company said its Q2 net profit fell 68%, despite a 28.6% increase in its share of profit from associate Pine Agritech, because of higher costs of live pigs in China due to supply shortages.
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LesBleus Member	29-Jul-2007 16:06        LesBleus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi SJ mates, Here's an business update on PFood. The Board of Directors (the "Board") of People's Food Holdings Limited and its subsidiaries (collectively referred to as the "Group") would like to refer to the "Business Update" announcement of 28 May 2007 and would like to provide a further update of this matter. The Group had earlier advised that the nationwide shortage in the supply of live pigs in the People's Republic of China had led to the temporary suspension of production in its plant in Dezhou. The Board wishes to advise that the situation has not improved and the shortage in the supply of live pigs remains acute. Production in the Group's Dezhou plant continues to be suspended. This continuing supply shortage will have an impact on the Group's production in the second and third quarters of the financial year ending 31 December 2007. The Group therefore expects to report comparatively weaker performance for the second quarter ended 30 June 2007. The Board will continue to monitor the situation closely and will provide further updates, as appropriate. By Order of the Board People's Food Holdings Limited 27 July 2007
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limkt009 Veteran	13-Jul-2007 12:01        limkt009 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Watch your front, grab $$$$$ at your own time"
x 0   x 0  Alert Admin	Pfood at 2.02 now, high chance to retrace towards 2.10. Good potential to exceed high of 2.3 short term.
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limkt009 Veteran	11-Jul-2007 12:45        limkt009 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Watch your front, grab $$$$$ at your own time"
x 0   x 0  Alert Admin	PFood reach support level at 1.7, moving up to 1.8 today. Will probably retrace towards 2-weeks high of 2.10.
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level13 Member	04-Jul-2007 16:34        level13 About Contact  Quote this Post!
x 0   x 0  Alert Admin	you just need to check up the recent announcements. they issued a profit guidance not too long ago. their factories are badly affected by the high prices of raw pork. some lines even stopped production. profits will definitely be affected. NOT VESTED. CHEERS!
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jerrymints Member	04-Jul-2007 15:59        jerrymints About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Shifu & Guru, would anyone of you advise what is happening to Poeple Food?  Thank you. jerrymints
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LesBleus Member	31-May-2007 12:33        LesBleus About Contact  Quote this Post!
x 0   x 0  Alert Admin	beware of huge insider selling.... Maleque Limited: 1. Date of change of Interest 21-05-2007     2. The change in the percentage level From 46.53 % To 43.08 %   3. Circumstance(s) giving rise to the interest or change in interest # Others     # Please specify details Transfer of shares to nominee account. There is no change in beneficial ownership     4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage level is the result of a transaction.     Zhou Lian Kui, CEO: 4. Information relating to shares held in the name of the Registered Holder   No. of Shares held before the change 10,666,624   As a percentage of issued share capital 0.95 %   No. of Shares which are subject of this notice 8,333,312   As a percentage of issued share capital 0.74 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0     No. of Shares held after the change 2,333,312   As a percentage of issued share capital 0.21 %
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zhuge_liang Supreme	21-May-2007 14:26        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	It rose up to a record high of $2.29 on fund interest, said dealers. The firm's improved profits has also drawn some attention to the stock, said a dealer from a local stock broker. People's Food's Q1 net profit rose 33% to 227.4 million yuan, according to its latest financial statement.
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Nostradamus Supreme	10-Oct-2006 00:21        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Live pigs account for 70-80% of COGS and the run-up in its price to around RMB8.4/kg in Sep 06 (up 33% qoq and 13% yoy) is likely to significantly affect its FY06 4Q margins. Going forward, its shift towards upstream products (fresh pork to contribute 33% of revenue in 08 from 17% in 04) would mitigate the impact of volatile pig prices. CGK has a price target of $1.18.
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Gallen Senior	25-May-2006 20:32        Gallen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Extracted from my blog http://kelongstocks.blogspot.com Technical Analysis PFood made a kelong closing today, surging from $1.10 to $1.16 at the preclose on a thin volume of only 151 lots. This created a bullish engulfing belt-hold candlestick but donā??t be misled and chase this tomorrow morning, thinking that this is a bullish reversal formation. In fact, it will probably gap down and open closer to $1.10 tomorrow. Resistances: 1.16 (EMA 100), 1.19 (EMA 50), 1.21 (gap resistance and also support turned resistance), 1.24 (resistances during early Jan 06), beyond this, next resistance would be downtrend red resistance line (projected at 1.28 currently) Supports: 1.14 (resistance turned support), 1.10, 1.05 (recent support and also support on 16 Feb 06), Indicators: The kelong closing today forced the indicators to be bullish (RSI cut above from overbought zone and broke the downward resistance line, MACD in negative territory but reversed sharply today while Stochastics made a bullish crossover in oversold region)
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Gallen Senior	16-May-2006 08:34        Gallen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Extracted from my blog http://kelongstocks.blogspot.com Please visit my blog for the full writeup. Fundamental Analysis People's Food reported flat earnings (growth of 2.4%) compared to 1Q FY05, however, performance showed a marked improvement from 4Q FY05. Revenue grew from 1Q FY05 and also from 4Q FY05 due to improved output from production plants. Gross margins and net margins are higher than 4Q FY05 but lower than 1Q FY06. Margins lower compared to 1Q FY05 due to absence of one-off gain from sale of scrap materials, higher promotional expenses incurred as well as cessation of tax exemption for its subsidiaries. Construction of a new production plant in Jiutai of Jilin Province should be completed by second half of 2006 and this will help to drive revenue growth. Management has said that it will continue to expand geographically in the PRC and to develop higher value products to grow and improve its margin while closely monitoring livestock-related diseases to protect its operations. People's Food owns 220.5m in Pine Agritech whose share prices have risen phenomenally, in tandem with the rise of Celestial and strong demand for its products. The market value of its stake in Pine Agritech as of today's price, $2.12, is $467.5m. The market capitalisation of People's Food is $1,367.7m so stripping out its stake in Pine Agritech would leave $900.233m for its core pork business or $0.80 per share. Based on forecast EPS of 14.4 cents for 2006, this values the core pork business at just 5.5x earnings which appears to be undervalued for a billion dollar capitalised company with an established track record in delivering steady earnings growth as well as solid dividend yields (forecast to be around 6.85% for 2006). ...........continued at my blog
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