Sino Grandness - Spinoff Plans On Track | I3investor

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Sino Grandness - Spinoff Plans On Track

StockFanatic

Publish date: Sat, 01 Mar 2014, 09:49 PM

SFGI's 4Q13 PATAMI fell 8.3% y-o-y to CNY59.4m, although revenue grew 36.3% y-o-y. The latter was boosted by its increased production capacity and a wider customer base. SFGI's outlook remains positive as the trend for juice consumption in China is rising. The company plans to continue securing new customers and raising awareness of its inhouse brands.

Maintain BUY, with a SOP-based SGD0.88 TP.

Sino Grandness (T4B)

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