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.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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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.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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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.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
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