Vitasoy International 0345

[Muhajir]

Not vested. From Dr. Check, The Standard HK:-

Take a peek at Vitasoy (0345), whose interim profit rose 10 percent. Despite higher material and labor costs, Vitasoy can retain a 50 percent profit margin by raising prices.

The mainland market is its growth engine despite keen competition. Revenue from the mainland grew 14 percent.

Hong Kong people on average drink 12 liters of soybean milk every year compared with only one liter for mainlanders.

But if mainland fresh milk is dogged with problems over quality, it will not be surprising for consumers to switch to soybean milk.

Vitasoy has fallen from an all- time high of HK$7.50 and closed on Friday at HK$6.74. With a 4 percent dividend yield, it is not a bad idea to buy the stock at HK$6.60.

http://thestandard.com.hk/news_detail.a ... 10214&fc=1

I have been monitoring this steady stock from a distance, and today its at a three month low of $ 6.17 which I think is a good price especially when there was this news today. Still not vested though.

Vitasoy posts profit despite rising costs

Vitasoy International Holdings Ltd, a Hong Kong-based producer of non-carbonated beverages, reported a moderate 9 percent growth in its full year net profit due to what it said were surging raw material costs.

The city's biggest soy milk supplier on Tuesday said its net profit for the financial year ended March 31, 2011, rose to HK$284 million from HK$260 million during the previous year. Net sales revenue increased 11 percent to HK$3.33 billion from HK$3.01 billion in the previous year.

Shares of Vitasoy dropped HK$0.31 or 4.78 percent to HK$6.18 on Tuesday, compared with the 0.05 percent loss of the city's benchmark Hang Seng Index.

"Vitasoy's share price has been on a steady rise for some time over the past, but the slightly lower payout ratio compared with the previous years may dampen investors' confidence in the short term," said Mark To, head of research at Wing Fung Financial Group.

The group didn't propose any special dividend this time round. Total dividends for the financial year ended in March stood at HK$18.30 cents, down HK$8.30 cents from HK$26.60 cents a year earlier.

A major challenge for Vitasoy, To noted, is that the rising cost pressure spurred by the increase in wages and cost of raw materials, however, will make it difficult for the company to fully pass on to consumers.

The gross profit margin was maintained at 50 percent amid escalating commodity prices and increasing operating costs, the group said.

Larry Eisentrager, group chief executive officer, said Vitasoy had raised its various product prices by 3 to 4 percent in local market, and 2 to 7 percent on the mainland last year, in a bid to maintain the profit margin at a relatively high level. Read more

[winston]

not vested

Vitasoy set to milk mainland further
Wednesday, October 19, 2011

Vitasoy International Holdings (0345) plans to raise the contribution from its mainland business to between 35 and 40 percent of total turnover in the next three to five years.

"Vitasoy was one of the first enterprises to enter China in the late 1970s. The China market has been a significant engine of growth for us," said executive chairman Winston Lo Yau-lai.

For the financial year ending March, mainland business accounted for 26 percent of group turnover, against 46 percent from both Hong Kong and Macau.

To achieve its mainland sales target, the soy milk drinks producer has invested HK$500 million on a plant in Foshan - its third mainland and seventh world-wide facility .

The company aims to double production capacity in southern China once the new plant comes on line in November. The 80,000-square-meter facility is equipped to produce 24,000 cartons an hour.

"In the past 1 years, we have had the most rapid growth in investment of the past 10 years," said group chief executive Larry Eisentrager, adding that Vitasoy has also invested HK$200 million to boost capacity in Australia and another HK$200 million to upgrade its Hong Kong plant.

Vitasoy shares fell 1.2 percent to HK$5.04 yesterday.


http://www.thestandard.com.hk/news_deta ... 11019&fc=4

[winston]

not vested

VITASOY INT'L (00345.HK) interim NP rises 16% YoY, div 3.2 cents

VITASOY INT'L (00345.HK)'s net profit for the half-year ended September rose 16.3% from a year back to $173 million, representing earnings per share of 16.9 cents.

Interim dividend kept at 3.2 cents.

During the period, total operating revenue surged 9.7% to $2.135 billion; gross profit soared over 10% to $1.01 billion.

The stock rallied to $7.77 in afternoon session and was last at $7.75, up 3%.

Source: AAStocks Financial News

[winston]

not vested

Heftier mainland sales lift profits for drinks firm

Vitasoy International (0345) reaped a profit of HK$222 million for the six months to September, up 22 percent from a year earlier. It achieved stronger business growth in the mainland, which replaced Hong Kong as the beverage maker's biggest market.

The firm has declared an interim dividend of 3.2 HK cents per share. Revenue rose 17 percent to HK$2.73 billion, rebounding from growth of between 9 and 10 percent in the comparative periods in the previous two years.

It came largely from its robust performance in the mainland, where sales expanded 35 percent during the period, accounting for 42 percent of total sales.

Vitasoy expects to bolster growth in China after it received the Wuhan government's approval to build in the city a production plant that will start to operate in 2016.

Revenue from the Hong Kong and Macau market grew 14 percent to HK$1.12 billion, representing 39 percent of total sales.

Meanwhile, gross profit margin in the first half improved slightly to 50 percent from 48 percent a year earlier. It came as expanded capacity made manufacturing more efficient. A decline in prices of commodities, such as milk powder, sugar and packaging paper, also helped lower costs.

However, operating costs rose 22 percent from a year earlier to HK$1.06 billion due to increased labor, transportation and warehousing expenses.

Source: The Standard HK

[winston]

not vested

<Result Ann> VITASOY INT'L(00345.HK) Annual Net Profit Up 21.32% to $372M; Final Div 21.2 Cents

VITASOY INT'L (00345.HK) announced that for the year as of the end of March, the net profit rose 21.32% yearly to $372 million.

EPS equaled 35.9 cents; a final dividend of 21.2 cents was declared.

The dividend equaled 17 cents in the year-ago period.

Meanwhile, the turnover rose 12.37% yearly to HK$5.05 billion; gross profit equaled HK$2.51 billion.

Source: AAStocks Financial News

[winston]

not vested

<Result Ann> VITASOY INT'L(00345.HK) Annual Net Profit Up 21.32% to $372M; Final Div 21.2 Cents

VITASOY INT'L (00345.HK) announced that for the year as of the end of March, the net profit rose 21.32% yearly to $372 million.

EPS equaled 35.9 cents; a final dividend of 21.2 cents was declared.

The dividend equaled 17 cents in the year-ago period.

Meanwhile, the turnover rose 12.37% yearly to HK$5.05 billion; gross profit equaled HK$2.51 billion.

Source: AAStocks Financial News

[winston]

not vested

VITASOY INT'L (00345.HK) Expects Interim Net Profit to Rise 30%-40% YoY

VITASOY INT'L (00345.HK) -0.120 (-0.963%) Short selling $123.64K; Ratio 2.164% issued a positive profit alert, expecting its net profit for the half year ended 30 September 2015 to surge by 30% to 40% yearly while the company recorded a net profit of $222 million in the year-ago period.

The increase is mainly attributable to a significant increase in net profit from the group’s China business which benefited from the combined effect of effective management of raw materials cost and strong market demand for certain products during the peak summer season of the current period.

However, given the seasonality of the business, the board does not expect the second half of the financial period to be as favourable as the current period, particularly with the uncertainty of the macroeconomic and renminbi trend in China.

Source: AAStocks Financial News

[winston]

not vested

<Result Ann>VITASOY INT'L (00345.HK) Earns 39.58% to $310M in Interim Results; Div. 3.8 Cents

VITASOY INT'L (00345.HK) announced its interim results for the six months ended 30 September 2015.

EBITDA rose 28% yearly to $529 million.

Pre-tax profit surged by 35% to $422 million.

Net profit rose 39.58% to $310 million, with EPS of 29.7 cents.

An interim dividend of 3.8 cents was declared, as compared to that of 3.2 cents in the year-ago period.

During the period, the revenue increased 14.21% to $3.117 billion.

In particular, the contribution from Hong Kong and Macau region added 4% and that from the Mainland China leaped 32%.

Its gross profit gained 18.09% to $1.598 billion.

Source: AAStocks Financial News

[winston]

not vested

Vitasoy profit up on growth

by Gloria Song

Vitasoy International Holdings Ltd (0345) said its net profit for the year ended March surged 43 percent to HK$531 million from a year earlier.

It recommended a final dividend of 26.5 HK cents per share, bringing total dividend to 30.3 HK cents, up from 24.4 HK cents a year earlier.

Revenue rose 10 percent to HK$5.56 billion, mainly driven by sales growth particularly a 29 percent expansion in the mainland. Turnover growth rate would be 13 percent, excluding the impact of foreign exchange movements.

Gross profit margin rose by 1 percentage point to 51 percent due to manufacturing efficiency as a result of increased volume and favorable prices of commodities, notably soybeans, packaging materials and crude oil.

Operating expenses were 11 percent higher due to increases in different cost components. Vitasoy fell 7.18 percent to HK$13.96.

Source: The Standard

[winston]

not vested

US disposals lift Vitasoy

by Koey Yip

Vitasoy International (0345) said its interim net profit ended September 30 jumped 15 percent from a year earlier to about HK$356 million, after the beverage maker disposed most of its assets in North America.

If including the net revenue earned from the disposals, half-year profit hit HK$460 million, up 48.58 percent from a year back.

The firm proposed an interim dividend of 3.8 HK cents, which is as same as the last fiscal year.

It attributed rising income in the first half to the rising operating profit and lower finance costs.

Half-year operating profit jumped 53.07 percent to HK$649.45 million, compared to the last fiscal year.

Excluding the disposals, total sales rose just 3 percent. Hong Kong revenue recorded a year-on-year 3 percent drop, due to the lower consumer traffic and the unstable inventory.

Also, problems with machinery delayed delivery of several products to consumers.

But gross profit margin grew 3 percentage point to 53 percent, against 51 percent in the last fiscal year.

It was attributed to the enhancement of the production efficiency and falling costs of raw materials. But excluding the impacts from the divestiture, it maintained at 54 percent.

"Exports to North America are now being undertaken by the Hong Kong operation and its revenue is expected to account for 5 to 6 percent of total revenue from the SAR, Vitasoy chief executive Roberto Guidetti SAR. He also expects the company to perform better in the second half.

The firm in May had sold some of its North American assets and San Sui business earning a profit of US$24.5 million.

Source: The Standard