Abstracts » Business, international

Some analysts have a taste for Cerebos's ailing shares

Article Abstract:

Cerebos Pacific is again in the limelight as a good investment choice following predictions that its profits and sales in Asia have already bottomed out and are thus headed for a major recovery. Best known as the maker of Brand's Traditional Essence of Chicken health tonic, Cerebos went from earning Singaporean $80.3 million in 1997 to reporting a net loss of Singaporean $8 million as of the year ending Sep 30, 1998. Shares have also fallen to Singaporean $2.68 from an all-time high of Singaporean $13.3. However, some analysts still insist that Cerebos' finances will turnaround, partly due its products' strong presence in Asian markets, except China.

Soft Drink Manufacturing, Bottled and canned soft drinks, Nonfruit Drinks ex Carbonated, Soft drinks, Securities, Health products industry, Health care products industry, Cerebos Pacific Ltd.

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Guangnan's woes remind investors of risk in cheap stocks

Article Abstract:

The collapse of food company Guangnan Holdings should teach investors to be wary of cheap stocks and to carefully examine financial statements which provide many clues to a company's problems. The Guangnan case should also teach them the perils of investing in Hong Kong, whose disclosure rules need upgrading. Guangnan, a Hong Kong listed company under the control of Guangdong Enterprises, recently traded at five times below projected earnings for 1998.

China, Organizational history, Hong Kong, Guangnan Holdings Ltd.

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Soft palm-oil prices hamper Singapore firm's results

Article Abstract:

Asia Food and Properties Ltd. (AFP) reported a net loss of S$48.5 million (US$27.9 million) for the first half, versus a net profit of $38.3 million during the same time a year earlier. The company blamed the loss on a slump in worldwide prices for crude palm oil, as well as fluctuations in foreign-exchange.

Asia Food and Properties Ltd.

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