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Guangzhao IFB
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skyne7
Member |
21-Oct-2007 09:19
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i think a good catch at 335 is possible.... |
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solar2000
Member |
20-Oct-2007 23:13
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Hi EastonBay... Less than 20% upside means => 0 to 19.9%. GIFB is now 0.395, which mean over 50% upside to TP of 0.6 !! Hello anybody home?! I think U shld change ur nick to 'EastonBoy'... Hiaz...."p |
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EastonBay
Master |
20-Oct-2007 11:08
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"IMO, any counters that is less than 20% off TP is overvalued right now. In my understanding... TP is 12 mth target...meaning year end. Now is October, 3 mths more.....shld be ard 20% less." ------- Solar: I don't think so.. above r what I copied from your post from SGX thread.... Firstly, u still think it is 12 mth target is December...always ? LOL! Secondly, GzIFB current px at .395, tp is 0.60 and 20% off the TP is 0.48... current px of 0.395 is less than 0.48... so by ur logic that "any counters that is less than 20% off TP is overvalued right now"... and therefore overvalued now! U don't even remember ur own argument! Plain and simple. And btw... its EastonBay not EastonBoy.. hiaz..."p |
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solar2000
Member |
20-Oct-2007 02:06
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Hi EastonBoy, u misread my logic again.. Go read the sgx post properly! hiaz...."p |
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EastonBay
Master |
20-Oct-2007 00:04
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solar, noted that in the report "raising our TP to $0.60(previous: $0.33). ".. no date for the TP? By your logic in SGX thread... it should hit 60c in December 2007...and therefore it is overvalue now... any comments? |
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solar2000
Member |
19-Oct-2007 22:13
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Could this be a Wilmar in the making?? One with R&D Strength?? I personally believe so and am vested for long term. Among the few biofuel/agri counters, only GIFB provides 50+% upside to TP and more to come. Current sentiments is good time for Long Term investors to get in. |
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solar2000
Member |
19-Oct-2007 22:05
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I believe the current sentiments are shaking out the weak contra players who had expected it to surge early this week, leaving only long term holders. ---------------------------------------------------------------------------------------------------- Anyways, here a proper report on the report: Guangzhao IFB Propagating the `Green Revolution? Sprouting new branches with rich pickings Commonly viewed as a fledgling poplar forestry company in the PRC, GIFB has been quietly building up its biotechnological knowhow and its R&D efforts is starting to yield significant results. The key success factor hinges on its ability to rapidly propagate its plant tissue culture beyond the laboratory into mass production. Having achieved this critical breakthrough, the company is now ready to commercialise its ornamental plant seedlings, tropical fruit plantlets/seedlings and jatropha plantlets on a mass scale. Tropical fruit/orchid seedlings ? strong overseas demand Under a 5-year supply contract worth RMB16m, GIFB is cultivating 13.5m orchid seedlings at its Shanghai facility (annual capacity: 12m) for export to Japan, Taiwan and Europe. Through its new Malaysian JV, Jalur Lipur, the group will be delivering an initial 10m tissue-cultured tropical fruit plantlets to Malaysia?s Department of Agriculture over the next 5 years. The first batch of 600k banana plantlets has been shipped in late Sep. Jalur has a tissue-culture facility in KL and plans to set up a 50-ha nursery to produce 40m plantlets annually. This, coupled with its ongoing research in disease resistant oil palm, would pave the way for the group?s entry into the lucrative SEAsian agriculture market. Jatropha ? powering the biofuel of the future High crude oil prices and environmental concerns have spurred several biodiesel projects in the Asia-Pacific region. Amid soaring prices of traditional feedstocks such as palm oil, some producers are turning to jatropha curcas, an inedible hardy shrub that does not compete with food crops for scarce arable land. Utilising tissue culture techniques, GIFB has selected and developed 2 superior jatropha cultivas, which has attracted interest from at least 2 Singapore-based firms. In collaboration with NTU?s IESE, it has signed an MoU with APVC Holdings (which is constructing a 300k mta biodiesel plant in Ningpo, PRC) to supply jatropha plantlets over the next 3-5 years with a total contract value of $100-120m. Poplar/Orient fir ? nearing harvest time To-date, the group has harvested 3.2k m3 of pine trees and has contracted a buyer to log another 41k m3 of its Jiangxi forest in 2H07. Continued demand and shortage of timber and pulp in PRC has pushed up wood prices ahead of large scale logging of its poplars this winter. GIFB is awaiting licencing approval to harvest 30-40k mu of poplar plantations (15-20% of planted area). Meanwhile, the group is exploring opportunities to reforest marginal land tracts in Xinjiang and the Mid-East with its salt-tolerant poplars. It has also received orders from the Chinese government for 400k sapling of Orient fir which could act as an excellent wind barrier in typhoon and flood-prone coastal cities. First growth target price: $0.60 with room for possible re-rating With the impending sale of its poplar/pine timber and quicker revenue streams from seedlings, plantlets and saplings soon to kick in, GIFB is expected to turn cash flow positive by end 07. Consequently, we are switching our valuation model from P/B to DCF (WACC: 12%) and raising our TP to $0.60(previous: $0.33). This does not include a few possibilities of G2 poplar/jatropha plantations, which could lead to future re-rating of GIFB. |
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hawke009
Senior |
16-Oct-2007 22:09
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I think STI had caused most of the market share to drop. GuangzhaoIFB also affected. Anyway, due to volatility in market, please invest with cautious. :-) |
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ksteosin
Member |
16-Oct-2007 15:48
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Down to $0.400 ........Game Over?? Any reason??? |
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solar2000
Member |
15-Oct-2007 16:39
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From Kim Eng 15 Oct. Guangzhao IFB Propagating the `Green Revolution? Sprouting new branches with rich pickings Commonly viewed as a fledgling poplar forestry company in the PRC, GIFB has been quietly building up its biotechnological knowhow and its R&D efforts is starting to yield significant results. The key success factor hinges on its ability to rapidly propagate its plant tissue culture beyond the laboratory into mass production. Having achieved this critical breakthrough, the company is now ready to commercialise its ornamental plant seedlings, tropical fruit plantlets/seedlings and jatropha plantlets on a mass scale. Tropical fruit/orchid seedlings ? strong overseas demand Under a 5-year supply contract worth RMB16m, GIFB is cultivating 13.5m orchid seedlings at its Shanghai facility (annual capacity: 12m) for export to Japan, Taiwan and Europe. Through its new Malaysian JV, Jalur Lipur, the group will be delivering an initial 10m tissue-cultured tropical fruit plantlets to Malaysia?s Department of Agriculture over the next 5 years. The first batch of 600k banana plantlets has been shipped in late Sep. Jalur has a tissue-culture facility in KL and plans to set up a 50-ha nursery to produce 40m plantlets annually. This, coupled with its ongoing research in disease resistant oil palm, would pave the way for the group?s entry into the lucrative SEAsian agriculture market. Jatropha ? powering the biofuel of the future High crude oil prices and environmental concerns have spurred several biodiesel projects in the Asia-Pacific region. Amid soaring prices of traditional feedstocks such as palm oil, some producers are turning to jatropha curcas, an inedible hardy shrub that does not compete with food crops for scarce arable land. Utilising tissue culture techniques, GIFB has selected and developed 2 superior jatropha cultivas, which has attracted interest from at least 2 Singapore-based firms. In collaboration with NTU?s IESE, it has signed an MoU with APVC Holdings (which is constructing a 300k mta biodiesel plant in Ningpo, PRC) to supply jatropha plantlets over the next 3-5 years with a total contract value of $100-120m. Poplar/Orient fir ? nearing harvest time To-date, the group has harvested 3.2k m3 of pine trees and has contracted a buyer to log another 41k m3 of its Jiangxi forest in 2H07. Continued demand and shortage of timber and pulp in PRC has pushed up wood prices ahead of large scale logging of its poplars this winter. GIFB is awaiting licencing approval to harvest 30-40k mu of poplar plantations (15-20% of planted area). Meanwhile, the group is exploring opportunities to reforest marginal land tracts in Xinjiang and the Mid-East with its salt-tolerant poplars. It has also received orders from the Chinese government for 400k sapling of Orient fir which could act as an excellent wind barrier in typhoon and flood-prone coastal cities. First growth target price: $0.60 with room for possible re-rating With the impending sale of its poplar/pine timber and quicker revenue streams from seedlings, plantlets and saplings soon to kick in, GIFB is expected to turn cash flow positive by end 07. Consequently, we are switching our valuation model from P/B to DCF (WACC: 12%) and raising our TP to $0.60(previous: $0.33). Thiss does not include a few possibilities of G2 poplar/jatropha plantations, which could lead to future re-rating of GIFB. |
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arowana1
Member |
05-Oct-2007 17:24
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i got in at 0.420 and it went up to 0.455 (i think) but i was not monitoring. finally let go at 0.440 when i saw weakness in support. damn lucky to get out cos i went to close at 0.420 and then below 0.400. |
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hawke009
Senior |
05-Oct-2007 17:16
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Anyone has more informations on this stock? I'm also quite interested in this stock too. :-) |
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francisd
Veteran |
05-Oct-2007 13:24
Yells: "BUY LOW SELL HIGH" |
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One of the good counters, with low PE compared to the SGX index. Going forward will be a good bet. Any research reports care to share. Cheers. |
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francisd
Veteran |
03-Oct-2007 21:04
Yells: "BUY LOW SELL HIGH" |
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Got on it yesterday and there is good news today. GUANGZHAO INDUSTRIAL FOREST BIOTECHNOLOGY GROUP LIMITED (Company Registration No. 200305430G ) SUPPLY OF JATROPHA CURCAS PLANTLETS TO APVC HOLDINGS PTE LTDThe board of directors for Guangzhao Industrial Forest Biotechnology Group Limited (?the Group?) wishes to announce that further to our announcement on 10 August 2007, APVC Holdings Pte Ltd (?APVC?) has placed an initial order of 10,000 high oil-yield variety of The high crude oil prices and the pressure brought about by global climatic changes have spurred several investors to construct several bio-diesel production plants (using oil derived from China. The Company will continue to use its bio-technology, research and development capability and tissue-culturing facilities to secure recurring revenue stream to supplement our main poplar sustainable timber business. The above transaction is not expected to have a material impact on the net tangible assets and earnings per share of Group for the financial year ending 31 December 2007. Save as disclosed above, none of the Directors and, to the best of the knowledge of the Directors, none of the controlling shareholders of the Company has any interest, direct or indirect, in the above-mentioned transaction. By order of the Board Guangzhao Industrial Forest Biotechnology Group Limited Song Xuemeng Chief Executive Officer
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hawke009
Senior |
02-Oct-2007 13:19
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High volume trading these few days.Reach all time high of 46.5cents. |
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hawke009
Senior |
26-Sep-2007 17:53
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I like this counter too, it is indeed the most healthiest counter. There will be a EGM in Oct. |
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paperless
Senior |
26-Sep-2007 17:44
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This 1 is the most healthiest counter in STI, the more yet to come as u put it in your long term portfolio. |
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hawke009
Senior |
26-Sep-2007 16:53
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Anyone has any idea on the target price for this counter? It rose 2 cents today. |
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Nostradamus
Supreme |
13-Aug-2007 23:41
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Guangzhao IFB has signed a MOU with APVC and Institute of Environmental Science and Engineering (IESE) to explore and evaluate the possibility of a business relationship relating to the cultivation of Jatropha Curcas plants, determine the areas and subject of such co-operation. APVC is engaged in the business of the production and sale of biodiesel. APVC intends to enter the business of cultivating and managing Jatropha curcas plantation for producing Jatropha curcas oil. Through the MOU, the Group plans to supply the tissue-cultured Jatropha curcas plantlets to APVC in the next 3 to 5 years beginning year 2008. The Group will also offer APVC consultancy services on agronomy and specialist knowledge to APVC, such as
GKE also formed a jv with IESE. |
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zhuge_liang
Supreme |
05-Aug-2007 18:30
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Highlights of results report:
No wonder its price has been surging. Bolstered by healthy growth of saplings and trees on existing plantations and continued increase in timber prices, gains arising from changes in fair value of biological assets grew 18.7% yoy in 1H07. Carrying value of biological assets grew 38.9% yoy in 1H07 |
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