China Yurun Food Group

Goldman Sachs reported on YURUN FOOD (01068) stating its Buy rating and target $26.6 with the following details: We resume coverage on China Yurun (Yurun) with a Buy rating and a 12-month target price of HK$26.60. The stock’s share price has been under significant pressure in recent months due to concerns over corporate governance, food safety and a negative 2H11 outlook. We have undertaken detailed analysis to address these, focusing particularly on (1) legitimacy of government grants and (2) abnormally low utilization rates. We believe these can be reasonably linked to the company’s capacity expansion and our forecast for a strong 2012/13 recovery further strengthens our case for a rerating. As the stock is already trading at trough multiples, even our P/E valuation, which is 1SD below its historical mean, will yield 50% upside. We expect a resurgence in live hog supplies post Chinese New Year in 2012 to be a positive catalyst for the stock. This will be driven by government incentives implemented in July 2011 and strong restocking seen in the market. More abundant hog supply will benefit Yurun in two ways – firstly, volume growth will accelerate as the supply bottleneck is resolved and secondly, margins will recover due to lower hog prices. We further expect Yurun’s utilization rate to improve due to a higher proportion of mature plants. As such, we forecast strong core net profit CAGR of 28% in 2012/13 and CROCI expansion from 22.2% in 2011 to 25.6% in 2013. Key risks (1) Food safety but largely price in, (2) longer-than-expected recovery in live hog supplies, and (3) further negative publicity on corporate governance issues. (y) Quelle:http://www.aastocks.com/EN/LTP/RTQuote.aspx?&symbol=01068

Warum werden die Papiere wegeschmissen? anders kann man das doch nicht nennen. Yurun Food (HKG:1068) 1H net profit $1.6B, up 22.9%; div $0.22 [Date:08-17-2011] Source: Infocast News RSS Feed Results of China Yurun Food (HKG:1068) for the 6 months ended 30 June 2011: Net profit: HK$1.609B, up 22.9% YoY EPS: HK$0.887 Interim dividend: HK$0.22 Quelle: finanznachrichten.de und weitere mehr

gabs auch , wie jedes halbe! Jahr bisher. Yurun Food (HKG:1068) 2010 net profit $2.73B, up 56%; fin div $0.2 [Date:03-29-2011] Source: Infocast News RSS Feed For the year ended 31 December 2010, China Yurun Food Group (HKG:1068) had a net profit of HK$2.728 billion, up 56.32% over the corresponding period in 2009. EPS were HK$1.565. A final dividend of HK$0.2 per share is declared. Quelle:http://www.chinesestock.org/show.aspx?id=120436&cid=28 www. finanznachrichten.de

Das sind Jahreszahlen 2010 von einem "langweiligen ,nicht trendigem, nicht High Tech oder grünem " Unternehmen der Lebensmittelindustrie. Und das geht schon seit Jahren so!Jetzt weiß ich auch woher die Kaufempfehlungen herkommen obwohl man es im Aktienkurs noch! nicht sieht. Die Zahlen kamen NACHBÖRSLICH in HK.(keine Kauf/Verkaufempfehlung). ANNUAL RESULTS ANNOUNCEMENT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2010 Financial Highlights: 2010 2009 Growth (HK$ in million) (HK$ in million) Turnover 21,473 13,870 54.8% Gross profit 3,098 2,161 43.3% Profit attributable to equity holders of the Company 2,728 1 ,745 56.3% Diluted earnings per share (HK$) 1.551 1 .074 44.4% Quelle:http://yurun.todayir.com/attachment/20110329163201001173596_en.pdf http://www.yurun.com.hk/en/investment/notice1.html