Consciencefood Holdings rated 'buy' by DMG
Date:
2011-11-18
DMG & Partners Research in a Nov 17 research report says: "Consciencefood reported a 194% y-o-y rise in 3Q11 PATMI to Rp32.2 billion (+194% y-o-y) which was achieved on the back of a 30% rise in revenue to Rp183.4 billion. Results were above expectations.
"9M11 PATMI of Rp94.6 billion accounted for 87% of our FY2011F while revenue of Rp563.8 billion accounted for 80% of our FY2011 forecast. We increase our FY2011F revenue and earnings forecast by 2% to take into account higher sales of instant noodles which would be offset by the delayed production of its beverage line.
"With two new avenues of sales coming on stream next year and growing instant noodle sales, we remain optimistic on the stock. Unchanged target price of 29 cents, pegged at 7x FY2011F earnings. MAINTAIN BUY."
"9M11 PATMI of Rp94.6 billion accounted for 87% of our FY2011F while revenue of Rp563.8 billion accounted for 80% of our FY2011 forecast. We increase our FY2011F revenue and earnings forecast by 2% to take into account higher sales of instant noodles which would be offset by the delayed production of its beverage line.
"With two new avenues of sales coming on stream next year and growing instant noodle sales, we remain optimistic on the stock. Unchanged target price of 29 cents, pegged at 7x FY2011F earnings. MAINTAIN BUY."
Discussions
1 person likes this. Showing 7 of 7 comments
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2012-03-26 20:59
Cheers ..As per our recommendation Market trade on above 3000, we expect market very soon touch 3015-20 again.
Click & get live picks - http://www.capitalvia.com.sg/
2012-03-27 17:01
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2012-03-27 20:54
waiting to break thru.. 0.215
with high population in indon. instant noodles
which is cheap and simple cook food that acessible.
I am no doubt that this is a profitable business.
long term rather than short term.
2012-03-30 22:08
CONSCIENCEFOOD HOLDING LIMITED
Last: 0.196
Change: +0.004
Volume ('000): 10
Change (%): +2.08
Price Range: 0.196 - 0.196
Register For FREE Tips, SGX Picks, n Recommendations- http://sgx-nifty-live.blogspot.in/
2012-07-06 13:50
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Anyone holding this counter?
2012-03-12 22:09