Aug 1, 2013
Cocoa climbed to the highest in almost a week in London as a rising premium for September futures over December signaled concerns about supplies just as the weather is dry in top grower West Africa. Sugar rose.
Cocoa for delivery in September was 13 pounds a metric ton higher than the futures for December, reversing a discount just a month ago, exchange data showed. Earlier-dated contracts priced higher than later ones signal concerns about supply. Dryness is increasing in leading producers Ivory Coast and Ghana after some rain last month, WeatherBell Analytics LLC in New York said in a report e-mailed yesterday.
“We are in the ‘mini-dry’ season and the absence of rains over West Africa is not abnormal right now,” head of agriculture options brokerage at Marex Spectron Group in London, said today. “This ‘mini-dry’ started earlier than usual though. Any forthcoming rains should be seen as a ’bonus’ at this point in time.”
Cocoa for September delivery rose 0.1 percent to 1,573 pounds ($2,389) a ton by 11:27 a.m. in London. The price climbed to 1,587 pounds a ton, the highest for this contract since July 26. Cocoa for September delivery gained 0.1 percent to $2,300 a ton on ICE Futures U.S. in New York.
“The next four to six weeks will bring updates on pod counts and will clarify whether or not we may encounter supply side problems in the next four to six months,” The 2013-14 crop in West Africa is set to start in October.
Cocoa rose 7.7 percent in London and 2.9 percent in New York this year as speculators raised bets on higher prices. In London, money managers boosted bullish bets by 30 percent in the week end July 23 from the previous 7-day period, NYSE Liffe data showed. Cocoa may gain further to $2,400 a ton on ICE “if we do not see the needed rains,” Sterling Smith, a futures specialist at Citigroup Inc., said in a report e-mailed yesterday.
White sugar for October delivery was 0.4 percent higher at $492.80 a ton in London. Raw sugar for delivery in October rose 0.1 percent to 16.98 cents a pound in New York.
Robusta coffee for delivery in September was 0.3 percent lower at $1,868 a ton on NYSE Liffe. Arabica coffee for delivery in September fell 0.1 percent to $1.1845 a pound on ICE.
Showing posts with label Stocks~PMCorp. Show all posts
Showing posts with label Stocks~PMCorp. Show all posts
Sunday, August 4, 2013
Thursday, August 1, 2013
PMCorp > announcement > disposal of land completed
PAN MALAYSIA CORPORATION BERHAD
PROPOSED DISPOSAL OF ONE (1) PARCEL OF LEASEHOLD LAND TOGETHER WITH A WAREHOUSE AND OFFICE ERECTED THEREON KNOWN AS 12, WOODLANDS LINK, 738740 SINGAPORE BY NETWORK FOODS INTERNATIONAL LTD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PM CORP TO SING LONG FOODSTUFF TRADING CO PTE LTD FOR A TOTAL CASH CONSIDERATION OF S$15.4 MILLION
The Board of Directors of PM Corp wishes to announce that the Proposed Disposal has been COMPLETED today.
This announcement is dated 31 July 2013.
PROPOSED DISPOSAL OF ONE (1) PARCEL OF LEASEHOLD LAND TOGETHER WITH A WAREHOUSE AND OFFICE ERECTED THEREON KNOWN AS 12, WOODLANDS LINK, 738740 SINGAPORE BY NETWORK FOODS INTERNATIONAL LTD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PM CORP TO SING LONG FOODSTUFF TRADING CO PTE LTD FOR A TOTAL CASH CONSIDERATION OF S$15.4 MILLION
The Board of Directors of PM Corp wishes to announce that the Proposed Disposal has been COMPLETED today.
This announcement is dated 31 July 2013.
Monday, July 29, 2013
Friday, January 14, 2011
Currently holding 758,100 PMCorp at avg 13.1 sen
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Has been slowly collecting PMCorp shares,
now holding 758,100 shares at avg 13.1 sen.
Wish me LUCK !
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Has been slowly collecting PMCorp shares,
now holding 758,100 shares at avg 13.1 sen.
Wish me LUCK !
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Tuesday, December 14, 2010
PMCorp : Balance Sheet ~ 2010 Q3
First glance
Cash RM 104,096
Total Debt RM 65,062
Net Cash 6 sen per share.
Strong balance sheet.
How about "Net Cash Equavalent" assets ?
Net "Cash Equavalent" assets stands at (8+15-9) = 14 sen per share.If i add "unquoted invested after provision of 14 sen,
the liquidity value will be no less than (14+14) = 28 sen.
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PMCorp current price at 12.5 sen appears "attractive" to me.
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PMCorp : Annual Report 2009
FINANCIAL PERFORMANCE
For the financial year ended 31 December 2009, the Group recorded a revenue of RM72.9 million compared with RM125.0 million in the previous financial year. The decline in revenue was mainly due to the discontinuation of products by the Group’s food and confectionery business that did not fit with its direction or had low margins or slow sales. The rationalization of its product portfolio coupled with the rebranding of key house brands resulted in a temporary drop in revenue.
For the financial year ended 31 December 2009, the Group recorded a revenue of RM72.9 million compared with RM125.0 million in the previous financial year. The decline in revenue was mainly due to the discontinuation of products by the Group’s food and confectionery business that did not fit with its direction or had low margins or slow sales. The rationalization of its product portfolio coupled with the rebranding of key house brands resulted in a temporary drop in revenue.
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Despite the lower revenue, the Group had achieved improved results, posting a marginal pre-tax loss of RM0.1 million compared with a pre-tax loss of RM36.2 million in the previous year. The improvement was due to significantly lower finance cost and also the stabilization of the global economy as well as strong recovery of Malaysia’s economy in the fourth quarter. The economic recovery enabled the Group to record gains on foreign exchange and a much lower allowance for diminution in value of investments compared with significant losses or allowances in the previous year. For the financial year, the Group’s results were affected by higher advertising and promotion expenditure incurred for its product rebranding exercise.
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The Group had in December 2008 and January 2009 repaid a substantial amount of its banks borrowings. This improved the financial position of the Group, thus placing the Group in a better position to focus and channel its resources on expanding its food and confectionery business.
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REVIEW OF OPERATIONS
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The Group is primarily engaged in the manufacturing, marketing and distribution of food and confectionery products through its wholly-owned subsidiary company, Network Foods International Ltd (NFIL). The Network Foods group operates out of Malaysia, Singapore and Hong Kong and exports to more than 50 countries.
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Malaysia
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In Malaysia, the Group’s operations are undertaken by two NFIL subsidiaries, Network Foods Industries Sdn Bhd (NFI) and Network Foods (Malaysia) Sdn Bhd (NFM).
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The Group had in December 2008 and January 2009 repaid a substantial amount of its banks borrowings. This improved the financial position of the Group, thus placing the Group in a better position to focus and channel its resources on expanding its food and confectionery business.
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REVIEW OF OPERATIONS
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The Group is primarily engaged in the manufacturing, marketing and distribution of food and confectionery products through its wholly-owned subsidiary company, Network Foods International Ltd (NFIL). The Network Foods group operates out of Malaysia, Singapore and Hong Kong and exports to more than 50 countries.
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Malaysia
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In Malaysia, the Group’s operations are undertaken by two NFIL subsidiaries, Network Foods Industries Sdn Bhd (NFI) and Network Foods (Malaysia) Sdn Bhd (NFM).
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NFI manufactures chocolate and confectionery products under established brands such as Tudor Gold, Crispy, Tango, Kandos and Kiddies.
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During the year under review, NFI’s revenue decreased by 30.1% to RM47.5 million due to weak market sentiments in the domestic market. However, exports continued to increase and contributed 50% of its total sales.
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During the year, the company undertook a major rebranding exercise for several of its products. This undertaking, which involved the improvement of product quality, taste and packaging, successfully elevated their brand positioning and greatly improved market acceptance.
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During the year, the company undertook a major rebranding exercise for several of its products. This undertaking, which involved the improvement of product quality, taste and packaging, successfully elevated their brand positioning and greatly improved market acceptance.
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For the financial year under review, the company recorded a reduced profit of RM3.2 million. The lower profit was due to the significantly higher advertising and promotion expenditure that was necessary to relaunch the upgraded products.
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As part of the company’s continual effort to grow its markets, NFI will strive to secure ISO22000:2005 standards so as to be able to export to Britain and European Union countries. ISO22000:2005 is a Food Safety Management System in the International Organization for Standardization and will be used in tandem with our existing ISO9001:2008 and HACCP certifications.
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NFM is the marketing and distribution arm of the Network Foods group and also acts for other agency lines in the distribution of their products.
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For the financial year under review, NFM recorded a lower revenue of RM32.9 million due to temporary market disruptions resulting from product rationalization undertaken by the company as well as its ongoing exercise to improve product quality, taste and packaging. Consequently, NFM suffered a loss before tax of RM4.3 million. During this transitional period, NFM continued to relaunch some existing house brands while adding new agency lines, and creating new house brands on other food items. It expects to return to profitability in this financial year.
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NFI completed the acquisition of the piece of property adjoining its existing factory in Shah Alam. The enlarged site will allow for the Group’s manufacturing, sales and distribution divisions to be situated in one central location. This will result in improved efficiencies and better synergies in the operations of the two companies as well as making adequate allowance for future growth in manufacturing and warehousing capacity. Construction is expected to commence in the second half of 2010.
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Singapore and Hong Kong
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The operations of the Group in Singapore and in Hong Kong are undertaken by Network Foods Distribution Pte Ltd (NFD) and Network Foods (Hong Kong) Ltd (NFHK) respectively. During the year under review, NFD undertook aggressive marketing to establish the revamped Tudor Gold and Crispy brands. This has led to an improvement in revenue and profitability in the fourth quarter of 2009. Despite operating under a difficult economic environment in Hong Kong, NFHK performed satisfactorily in 2009 and managed to record revenue and profit which are comparable to the previous year.
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Singapore and Hong Kong
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The operations of the Group in Singapore and in Hong Kong are undertaken by Network Foods Distribution Pte Ltd (NFD) and Network Foods (Hong Kong) Ltd (NFHK) respectively. During the year under review, NFD undertook aggressive marketing to establish the revamped Tudor Gold and Crispy brands. This has led to an improvement in revenue and profitability in the fourth quarter of 2009. Despite operating under a difficult economic environment in Hong Kong, NFHK performed satisfactorily in 2009 and managed to record revenue and profit which are comparable to the previous year.
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Collected another 40,000 PMCorp shares at 12.5 sen
Pan Malaysia Corporation
Today, I collected another 40,000 PMCorp shares at 12.5 sen.
Wish me LUCK !
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Today, I collected another 40,000 PMCorp shares at 12.5 sen.
Wish me LUCK !
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Saturday, July 31, 2010
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