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China Fishery - Low PE

handongni
Senior

07-Nov-2013 17:52

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no sell no sell tie up the hand and leg wait wait wait till dollars Smiley

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investingtalk
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07-Nov-2013 16:47

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As the market is made up of human investors, it doesn't always behave in an objective, rational way. Humans have emotions and these emotions - greed and fear - play a crucial role in understanding the behaviour of stock prices. When things are rosy e.g. when earnings of a company improves, the stock price typically over-reacts to the higher earnings by running ahead of itself and pushing up the valuation of the stock.

Likewise, when earnings come down, the market punishes the company by selling it down beyond the earnings drop. One example that can be used to illustrate this is China Fishery. When earnings are on an uptrend, the stock went from less than 5x PE to over 15x and when earnings come down, as they had in the last few years, the stock gets heavily sold pushing PEs to low single digits.

The chart is available in this link

http://www.investingtalk.net/prices-over-react-on-ups-and-downs.html

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JMS213
Senior

07-Nov-2013 11:12

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Roll out the CHART .... it is at the point of Inflexion. Com'on ... Christmas is coming.

What happened to sharejunction .... the emoticon is not working at all !!!

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handongni
Senior

07-Nov-2013 10:48

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goodo goodo happi happi..!! everybuddy happi happi huat huat..!!

cheerios..!!

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danytan
Senior

07-Nov-2013 10:37

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any seniors can provide the charts ?

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JMS213
Senior

07-Nov-2013 10:36

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Bro Srichipan, look at the picture .... WOW !!!

IT IS SO BEAUTIFUL AND GALLANTRY

JMS213 ( Date: 05-Nov-2013 10:39) Posted:

CHINA FISHERY IS READY TO GO !!!

Chilean fishing products, and mainly salmon,have been welcomed in China in the latest years. (Photo: Sernapesca/FIS)

Sernapesca and Chinese health authority agreement to smooth trade

CHILE
Tuesday, November 05, 2013, 04:00 (GMT + 9)

Representatives of the National Fisheries and Aquaculture Service (Sernapesca) and authorities of the Republic of China signed a memorandum of understanding with the aim of strengthening the relation between the two nations and the guarantees of sanitary safety of the fishery products.

This agreement will smooth the exchange of information between the agencies responsible for ensuring the health status of the fishery products that are imported and exported: Sernapesca in Chile and the General Administration of Quality Supervision and Quarantine (AQSIQ) in China.

These entities will be able to set joint working groups to standardize inspection protocols, perform quarantine requirements and conduct exchanges of technology and professional training. Besides, mutual consultation will be made easier regarding the requirements associated with the import and export of resources, among other issues.

Moreover, Chile and China would share information on chemical waste, hazardous substances and diseases affecting aquatic animals, among other aspects of the trade of these products.

" We promise that, before modifying any regulations or adopting new regulations affecting the established procedures, each party must inform the other one and provide acceptable transition periods," the national director of Sernapesca, Ana Maria Urrutia, stated.

The official stressed that the memorandum of understanding was made possible thanks to the continuous work performed by the competent authorities of both countries, in the framework of the Free Trade Agreement (FTA) signed two years ago.

" In fact, in July a delegation headed by national director [Juan Luis Ansoleaga] visited China to become aware of its sanitary procedures and regulations, an event that was very beneficial for both parties, and which formed the basis of the memorandum that we are to sign here," Urrutia pointed out.

According to the deputy director of AQSIQ, Lin Wei, Chilean products such as wine and fruit have a high reputation in China, " and in recent years the Chilean fishery products have also found a very good reception, especially salmon."

Meanwhile, the Foreign Trade Deputy Director of Sernapesca, Cecilia Solis, said the two sides will establish a technical working group to coordinate cooperation in the area of control of fishery product imports and exports, and anticipated that a pilot project will be conducted with chilled salmon.

Stressing that China is the country?s biggest trading partner, she ensured: " This type of agreements is of great importance, given the new consumers who could access the chilled salmon as culturally they prefer this type of presentation rather than the frozen one, such as what happens with Japan."

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srichipan
Master

06-Nov-2013 22:17

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anyone good in parabolic indicator? looks like it gonna turn green soon!

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danytan
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06-Nov-2013 19:59

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Thks bro!

srichipan ( Date: 06-Nov-2013 19:51) Posted:

Hey DanyTan, it's 26 nov! China Fish swimming at 40cents today. Looking good

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srichipan
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06-Nov-2013 19:51

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Hey DanyTan, it's 26 nov! China Fish swimming at 40cents today. Looking good

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danytan
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06-Nov-2013 18:55

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when is the report due?

JMS213 ( Date: 06-Nov-2013 18:53) Posted:

Srichipan, just realised I have missed your post. Sure, when CF hit 60cts, no problem to go Fish & Co .....

The financial report is coming soon ...akang datang. Hooray !!!

Merry & Blessed Christmas !!!

srichipan ( Date: 31-Oct-2013 11:29) Posted:

When this hit 60cents let's go celebrate by having a good meal at fish and co. Haha

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JMS213
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06-Nov-2013 18:53

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srichipan ( Date: 31-Oct-2013 11:29) Posted:

When this hit 60cents let's go celebrate by having a good meal at fish and co. Haha

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JMS213
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05-Nov-2013 10:39

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CHINA FISHERY IS READY TO GO !!!

Chilean fishing products, and mainly salmon,have been welcomed in China in the latest years. (Photo: Sernapesca/FIS)

Sernapesca and Chinese health authority agreement to smooth trade

CHILE
Tuesday, November 05, 2013, 04:00 (GMT + 9)

Moreover, Chile and China would share information on chemical waste, hazardous substances and diseases affecting aquatic animals, among other aspects of the trade of these products.

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JMS213
Senior

05-Nov-2013 08:13

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Stocks eke out gains but taper uncertainty weighs Published: Monday 4 Nov 2013 5:04 PM ET

By: JeeYeon Park CNBC.com Stock Market Writer

Stocks closed out Monday with slight gains after hovering around the flatline for most of the session, as investors seemed reluctant to jump in following a four-week rally and amid uncertainty over when the Federal Reserve would start paring back its stimulus.

It shall surely come. It will get BRIGHTER, BRIGHTER, AND EVEN BRIGHTER

We will reap a HARVEST !!! Blessed and Merry Christmas

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JMS213
Senior

04-Nov-2013 10:18

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Lift your head high and hear what the Senior Executive of Goldman Sachs has to say,

" You look at corporates in the US, basically corporates in the world are in phenomenally good shape, they've got more cash on their balance sheet than they've had in a long period of time."
- Gary Cohn, Goldman Sachs president and chief operating officer

THE US Federal Reserve is likely to begin tapering only in the second half of 2014 as the US economy remains sluggish, said Gary Cohn, Goldman Sachs president and chief operating officer.

HAVE A WONDERFUL CHRISTMAS !!! CHEERS

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valuebuyer
Member

01-Nov-2013 10:49

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This one if u can long until CNY, sure win,it just a matter of win more or win less only.

CWC2929 ( Date: 01-Nov-2013 03:44) Posted:

THUMP UP FOR YOU.............JMS213

WITH YOU ON BOAT...... win or loss = happy man

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JMS213
Senior

01-Nov-2013 10:31

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U.S. stocks rise Wall Street positioned for monthly gain Kate Gibson CNBC.com 10/31/13 2.49 PM ET

U.S. stock climbed on Thursday, with Wall Street positioned for a second month of gains, as investors mulled corporate earnings and ponderred the timing of reduced monetary stimulus by the Federal Reserve.

Two days after both the Dow and the S& P 500 closed at record highs, equities fluctuated between gains and losses. In position for a 3.2 percent monthly gain, the Dow Jones Industrial Average cleared losses

We will reap a HARVEST !!! Welcome on BOARD .... Cheers !!!

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CWC2929
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01-Nov-2013 03:44

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THUMP UP FOR YOU.............JMS213

WITH YOU ON BOAT...... win or loss = happy man

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JMS213
Senior

01-Nov-2013 02:39

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We understand you ...

New China - an awaking giant [Bright future for China Fisheries]

20 Oct 2013

Small fishing boat in Sanya, China. Credit: David Castor

Like a giant awaking from a long sleep and storming into global reality, since its parting with orthodox communism China's economy is growing almost exponentially, placing its technology, science, entrepreneurship, industry and international trade among the world's leaders.

To avoid Golem's syndrome, management of China's fisheries is a must. Although its 1.3 billion population isn't growing at a very fast rate, it is adding millions of new consumers annually, increasing the demand for food, fish included.

Chinese fishermen have been fishing in lakes and rivers for 5,000 years, but only during the 20^th and 21^st centuries have developed marine fisheries, no doubt attracted by the nearly 3,000 species in its waters. In 2010, over 13 million people worked in fisheries, with about 7.5 million artisanal fishermen

Landings and market
China has by far the largest fishing industry in the world. China's annual fishery production has increased from 4.7 million mt in 1978 to 53.7 million mt in 2010, (a growth rate close to 8% p.a.). In 2009 it produced over 34% of world's total wild catch up to 16.78% of world production, and fish farming over 60%. With export value of over USD 13.8 billion, its aquatic products present its top agricultural export.

In 2009, consumption of aquatic products in China's urban and rural areas reached 15.5 and 5.3kg p.c. respectively, more than doubling in the past 20 years, including yellow croaker, red snapper, cod, squid, shrimp, and trepang. Dried trepang fetches extremely high prices as a delicacy and an aphrodisiac. Now overexploited, it's collected in shallow areas. The buying power of a growing middle class made China a major fish importer of premium fish. China has also a market for fish too small or difficult to process.

Fish farming
According to ancient scriptures, Chinese villagers were already trapping carp in artificial lakes formed when flooded rivers receded in the 5^th century BC. Presently, FAO (2013), reports that of the over 50 million mt produced by world's aquaculture, China is now leading with some 31 million mt, its fish farming production having grown within five years by 10 million mt. Fish farms cover 7.28 million ha, 980,000 ha more than in 1999.

Gradually, aquaculture harvests exceeded wild catches. Exporting to the more populous nations, where consumption of fish keeps increasing, compensates for the rather stagnating demand in rich countries. Doubtless, as the Chinese grow richer they eat more high-value fish. In Southeast Asia, on the other hand, the demand for lower-value farmed fishes, such as carp and tilapia, would grow faster than that for the expensive species.

Fish processing
Apart from dealing with national production, the Chinese processing industry specialises in processing frozen or chilled fish shipped by sea, land or air from Western and Eastern Europe, and North America and re-sending them for marketing on Western markets.

Fisheries management - Strategic move to acquire Copeinca
With accelerating development of fisheries, overfishing followed. In the late 1980s, the Chinese government took steps to reduce inshore fishing, where fishery resources appeared depleted, and embraced an input-based approach to fisheries management. In view of the fact that landings hadn't grow in parallel to the growth of the fleets, in 1999 the Chinese government proclaimed a moratorium on new fishing vessels, with a policy of relocating some 40,000 fishermen and scrapping about 8,000 fishing vessels. Later, in 2003, the government modified the boat-permit system, gradually reducing the fleet by 30,000 more.

Seasonal closures of trawling, stake net and gillnet fishing resulted in protests from neighbouring countries that claimed their own rights over the same areas as, for example, Vietnam, which claimed to share part of the marine area of the Spratlys and Paracel Islands.

Habitat problems
Since the 1950's, China has lost 50% of coastal wetlands, 57% of its mangrove areas, and 80% of its coral reefs, Since 2009 there has been concern for the marine habitat in China's inshore and offshore waters, some 50% of them graded as polluted. Also, from 2002 to 2009, 74,100 ha of land had been reclaimed from the sea, causing environment degradation and seafood pollution.

According to the 2011 China's Ocean Development Report issued by the State Oceanic Administration of China, over 460 Chinese islands along the mainland coast have disappeared and half of China's coastline has been developed in the past decade. Furthermore, for a variety of reasons, rapid industrialisation in China's coastal regions has led to the establishment of a majority of heavily-polluting chemical, energy and transportation industries along China's coastline, as well as to offshore drilling for all-important energy sources. As a result, a wide range of pollutants are discharged into the sea. According to an official inspection in 2009 14 million tons of heavy metals were discharged, leading to degradation of the inshore marine, affecting the sustainability of inshore fishing.

Densely set fish farms, expanded over many inshore, protected and semi-protected areas, are harming the coastal marine habitats, spreading diseases and parasites to wild fish populations. Also, pollution in China's many rivers, lakes and ponds can be traced to some of its foodfish.

JMS213 ( Date: 31-Oct-2013 10:55) Posted:

Look at the report coming from China, astounding growth, tremendous surge in net income, outstanding performance ....

WE WILL REAP A HARVEST IF WE DON'T GIVE UP !!

IT IS THEIR LOSS IF YOU ARE STILL WAITING TO COME ON BOARD !!!

CHINA - HK

ICBC (1398) reported 3Q net income of 67.2B yuan (vs 69.4B yuan expected, 62.4B yuan a year earlier) and 9-month net income up 10.7% to 205.8B yuan. The Bank pointed out: " (9-month) Annualised return on average total assets was 1.51%, keeping the same on a year-on-year basis. Annualised return on weighted average equity was 23.00%, representing a decrease of 1.24 percentage points compared to the previous year. (...) Net interest income was RMB327,636M, representing a YoY increase of 5.22%. Net fee and commission income was RMB95,503M, representing a YoY increase of 19.85%. (...) The NPL (non-performing loans) ratio was 0.91%, representing an increase of 0.06 percentage points compared to the end of last year. (...) The core tier-one capital adequacy ratio was 10.59%, the tier-one capital adequacy ratio was 10.59%%and the capital adequacy ratio was 13.17%, all meeting regulatory requirements."

Bank of China (3988) posted 3Q net income up 13.9% YoY to 39.5B yuan and 9-month net income up 13.2% YoY to 120.2B yuan. The Bank said: " (9-month) Return on average total assets (ROA) and return on average equity (ROE) stood at 1.27% and 18.66%, increasing by 0.08 and 0.53 percentage point respectively compared with the prior year. (...) The Group's net interest income amounted to RMB208.205B, representing an increase of RMB18.761B or 9.90% compared with the same period of 2012. (...) The Group's non-interest income amounted to RMB97.246B, representing an increase of RMB17.351B or 21.72% (...) The Group's impairment losses on assets amounted to RMB18.652B, an increase of RMB5.026B or 36.89% compared with the same period of 2012. Particularly, the impairment losses on loans and advances amounted to RMB18.235B, an increase of RMB4.566B or 33.40% (...) the ratio of non-performing loans to total loans was 0.96%."

BOC Hong Kong (2388) said net operating income (before impairment allowances) fell 2.3% YoY to HK$9.7B in 3Q and was up 9.4% to HK$29.5B in January-September.

Agricultural Bank of China (1288) announced 3Q net income up 15.3% YoY to 45.6B yuan and 9-month net income up 14.9% to 138.0B yuan. 9-month net interest income rose 8.7% to 275.6B yuan and net fee & commission income was up 15.8% to 67.3B yuan. Non-performing loan ratio was 1.24% at end-September, down 0.09 percentage point as compared to end-2012.

Bank of Communications (3328) posted 3Q net income up 3.4% YoY to 13.9B yuan (vs 15B yuan expected) and 9-month net income up 9.4% to 48.7B yuan.

China Minsheng Banking Corp (1988) reported 3Q net income up 6.3% YoY to 10.4B yuan (vs 10.7B yuan expected) and 9-month net income up 15.6% to 33.3B yuan.

China Pacific Insurance Group (2601) said 3Q net income surged to 2.6B yuan from 497M yuan in the previous year and 9-month net income was up to 8.1B yuan from 3.1B yuan.

New China Life Insurance (1336) announced that 9-month net income surged 70.0% YoY to 4.0B yuan.

Chalco (2600) posted 3Q net loss of 1.2B yuan vs a net loss of 1.1B yuan a year earlier. 9-month net loss narrowed to 1.8B yuan from 4.3B yuan in the previous year.

Zoomlion Heavy Industry Science and Technology (1157)'s 3Q net income fell 33.6% YoY to 889M yuan and 9-month net income dropped 45.5% to 3.8B yuan.

Huadian Power International Corp (1071) reported that 9-month net income soared to 2.9B yuan from 415M yuan a year earlier.

Shanghai Electric Group (2727) posted 9-month net income down 28.3% YoY to 2.1B yuan.

China Communications Construction (1800) unveiled 9-month net income up 16.6% YoY to 8.1B yuan.

China Railway Group (390) said 9-month net income surged 46.4% YoY to 6.3B yuan.

China Railway Construction (1186) announced 9-month net income up 37.5% YoY to 7.0B yuan.

Sinopec Yizheng Chemical Fibre (1033) said 9-month net loss widened to 692M yuan from 290M yuan a year earlier.

Guangzhou Automobile (2238) posted 9-month net income up 22.0% YoY to 2.2B yuan.

China National Materials (1893) reported 9-month net income up 13.7% YoY to 347M yuan.

China Cosco Holdings (1919) announced that 9-month net loss narrowed to 2.0B yuan from 6.4B yuan in the previous year.

China Southern Airlines (1055) unveiled 9-month net income down 7.7% YoY to 2.5B yuan.

Tsingtao Brewery (168) said 9-month net income grew 28.7% YoY to 2.2B yuan.

Haier Electronics (1169) announced that 9-month net income rose 18.6% YoY to 1.4B yuan.

Citic Securities (6030) posted 9-month net income up 26.6% YoY to 3.7B yuan.

China Longyuan Power Group Corp (916): 3Q results expected.

CSR Corp (601766: +8.67% to RMB 4.89) and China CNR Corp (601299: +8.66% to RMB 5.52) closed at a 3-month relative high against the CSI 300.

Utilities: SDIC Huajing Power Holdings (600886: +9.7% to RMB 4.41), Inner Mongolia MengDian HuaNeng Thermal Power Corp (600863: +5.82% to RMB 4) and Huadian Power International Co (600027: +4.91% to RMB 3.42) reached a new 3-month relative high against the CSI 300.

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Simpsons
Veteran

31-Oct-2013 23:53

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Frankly, in this bad market sentiment, nothing is certain that will goes up.
Their reporting is in nov and from the share price movement and they paid a premiun for the takeover, i dun think the result will be good. Just my opinion.
Gd luck.

JMS213 ( Date: 31-Oct-2013 11:42) Posted:

Danytan,

WE WILL REAP A HARVEST IF WE DON'T GIVE UP !!!

IT WILL BE YOUR LOSS IF YOU ARE STILL WAITING !!!

IT IS TIME TO COME ON BOARD

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FlyingStocks
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31-Oct-2013 23:46

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'Shortist' dare not short this counter.........

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