It's Information Age...Stone age is over. Investors are more educated nowadays unlike those herd 10 to 20 years ago who was entirely relying on their brokers or research companies recommendations.
YiStock level is definitely higher than most i3 members here. His knowledge in accounting and an eye for opportunity is unmatched. I will be very surprised if he is not in corporate finance
Thanks for sharing. Just a note on Cofco. Although China market is massive, instant noodle consumption is in terminal decline. Recent results from TingYi, the largest instant noodle maker in China is disappointing. Chinese are moving away from instant noodle in favor of healthier and more expensive alternatives like freshly prepared food as purchasing power and quality of life goes up. Also, China transition from an manufacturing based economy to a service based economy means less poor migrant workers, typically the biggest consumer of instant noodles. Having said that, organic imported instant noodles from Thong Guan are definitely a premium product and it may still be popular.
Everprosper Food Industries Sdn. Bhd. Key Developments Thong Guan In Talks With COFCO Feb 11 16 Thong Guan Industries Bhd (KLSE:TGUAN) is in talks to work with COFCO. “We have not decided on the joint-venture details. It could be equity participation in Everprosper Food Industries Sdn. Bhd., a new subsidiary of ours, which includes all related subsidiaries, or another new company we will form. It depends on the project size [of the organic instant noodles venture],” said Ang See Meng, Director of Thong Guan. COFCO, he said, has expressed its interest in taking up at least a 40% stake in the venture, which he expects to take off sometime in 2016.
it is written there the word "instant noodles" though i personally prefer that the company focus what its does best rather than venturing into new unknown sector.
Hi jin hou, the word "instant" i interprete as skipping the process of rubbing the flour. Ready dry noodle packaged nicely for instant cooking..I'm looking at the ready product currently supply by everprosper. However, this pending verification though. I once watch a documentary of instant noodle (real instant noodle), the market is so huge. Again, 1.6 billiom population, 10% gao liao lo :-)..
Wkitwing, everprosper has the expertise and fully automated machine. With such a small investment (Around 7 mil??)..bok 的过啦。。after all, everybody have to eat right?
Everprosper fy 2015 has increased it revenue about 50% to 1.5 mil if i remember correctly. Let treat the noodle biz as bonus..who know we strike toto? Cheers
soojinhou Thanks for sharing. Just a note on Cofco. Although China market is massive, instant noodle consumption is in terminal decline. Recent results from TingYi, the largest instant noodle maker in China is disappointing. Chinese are moving away from instant noodle in favor of healthier and more expensive alternatives like freshly prepared food as purchasing power and quality of life goes up. Also, China transition from an manufacturing based economy to a service based economy means less poor migrant workers, typically the biggest consumer of instant noodles. Having said that, organic imported instant noodles from Thong Guan are definitely a premium product and it may still be popular.
jinhou, tguan product is more popular and well accepted, because it is not a food product that "made in china"...
Tingyi's top management is known as unscrupulous businessmen in Taiwan....頂新黑心油. People suspect they have used the same trick to make more profit in China. It was widely publicized by the media 2 years ago and the brand was tainted with black marks.
Yistock. Malaysia's foods are much popular than China in terms of 'organic'. Our products are more reliable than many countries. At least, Malaysia companies won't use gutter oil to goreng instant noodles due plenty supply of organic palm oil. Tguan's organic noodles are expected to be selling well in China. haha
Sells well la..No problem one..Organic food is China are sold mainly in 1st tier city to high income or expat family.. It is a growing market..the more especially the better for them...
Malaysia food product are quite popular among China new middleclass.. Great value for money.. anything made outside of China and Taiwan in the organic aisle sells better than their competitors lolz..Hands Down..
slowly earn from value investment can earn one condominium with tight sleep every night but fast trading and punting can lose 2 banglo wih restless nights....
so U better stick to value investment... slow but see the fruit in the end
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3164 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
KLCI King
3,220 posts
Posted by KLCI King > 2016-10-27 00:29 | Report Abuse
You have good EQ, thank you.