Yamada Green Resources

[winston]

Yamada Green Resources, a China-based mushroom and processed food producer and supplier, is seeking a mainboard listing in Singapore.

The company lodged its preliminary prospectus with the Monetary Authority of Singapore yesterday. Net
proceeds to the company could come up to at least $13.4 million.

Yamada runs one of the largest shiitake mushroom cultivation bases in Fujian. The mushrooms are mainly
sold as fresh produce to wholesalers of agricultural food products in China. The firm also manufactures and supplies processed food products, and exports them to Japan and the US.

The products are also sold in major Chinese cities such as Shanghai, Xiamen, Shenzhen and Guangzhou under its trademarked brands.

Source: Business Times

[winston]

Mushroom grower Yamada Green Resources may be in focus as it makes its market debut after it raised about S$13.8 million through an initial public offering, which was 5.3 times subscribed.

It sold 105 million shares at S$0.22 each.

Source: Reuters

[winston]

Yamada Green up 63.6 pct on Singapore debut

SINGAPORE, Oct 8 (Reuters) - Shares of Singapore-listed Chinese mushroom grower Yamada Green Resources opened 63.6 percent higher at S$0.36 on its market debut on Friday.

Yamada sold 105 million shares to investors at S$0.22 each, raising about S$13.8 million ($10.57 million) in net proceeds, which will be used to expand cultivation of its mushrooms and to increase its eucalyptus plantations, it said in a statement.

DMG & Partners was the issue manager, underwriter and placement agent for the share offer, which was 5.3 times subscribed, Yamada said.


Source: Reuters

[winston]

What happened ? IPO not sure thing ? Penny stock not sure thing ?

Down 20% !

Not vested

[ichew]

classic case of pump & dump?
ipo penny-stk plays usually = sell within first day
for GLP & MIT, i believe it shld be sell within first week

FA ppl will seldom buy IPOs
TA ppl seldom hold stks with no charting history
and we know who will always end up holding the "baby"

[winston]

Not vested. From Kim Eng;-

Yamada Green Resources (YGR SP, $0.275, NOT RATED)

Shiitake mushroom grower Yamada successfully listed at $0.22 a share last Friday and the stock price peaked at $0.41 on the first day of trading.

A week later, it has fallen to $0.275 or 6.8x PER, lower than the sector average of 9‐10x. With its 1Q10 net profit equivalent to 66% of its FY09 full‐year net profit, the current stock price might not have priced in a record year in the making.

http://www.remisiers.org/cms_images/ssu15102010ke.pdf

[winston]

Not vested. From UOBKH:-

Valuation/Recommendation

· We cut our revenue and net profit forecast for FY11 to Rmb440.6m and Rmb148.0m respectively as we reduce our growth estimates for the processed food segment. Management highlights that they will focus on the shiitake segment rather than food processing.

· However, we reiterate our BUY recommendation and adjust our target price higher to S$0.410. This translates into 6.0x FY11F PE, pegged at a 50% discount to Singapore-listed peers’ average.

[winston]

Not vested

Yamada Green Resources said its net profit rose 17.6 percent in the first quarter to 63.1 million yuan ($9,712,352.000)compared to the year-ago period, helped by higher orders for processed food products and mushrooms.

Source: Reuters

[winston]

not vested

Singapore Hot Stocks-Yamada jumps on strong earnings

SINGAPORE, Feb 13 (Reuters) - Shares of Singapore-listed Chinese mushroom grower Yamada Green Resources Ltd soared by as much as 12 percent on Monday, after reporting a jump in quarterly earnings.

By 0214 GMT, Yamada's shares were 9.5 percent higher at S$0.23 with more than 6.0 million shares. This was 3.6 times the average daily volume traded over the last five sessions.

On Friday, Yamada reported a 78.6 percent rise in October-December net profit to 73.2 million yuan ($11.6 million) from a year ago boosted by strong demand for its fungi products.

Brokerage DMG & Partners said Yamada's results were in line with its estimates, but it expects its net profit in this quarter to grow by 51 percent to 97 million yuan, which will provide more upside to its share price.

The brokerage has a buy rating on the stock and a target price of S$0.32.

Source: Reuters

[winston]

not vested

Yamada Green Resources expects to record a 4QFY12 loss, mainly due to fair-value losses from biological assets and lower gross profit from sale of self-cultivated fungi; but expects to remain profitable for FY12.


Source: OCBC