2013/03/29 10:34 - The largest global MSG and xanthan gum producer - Fufeng Group Limited (HKG:0546) today announces the annual results for the year ended 31 December 2012.
2012/08/15 02:20 - Fufeng Group Limited (HKG:0546)(a Chinese leading biochemical enterprise, together with its subsidiaries referred to as 'the Group') today announces the unaudited interim results for the six months ended June 30 2012 ('Period under review').
2012/04/25 00:09 - Speciality Union Products (FRA:YSU) (BERLIN:YSU), through its authorized importer and marketer of the Intrigue brands and other liquors, is currently undergoing rapid expansion in both global market penetration and through adding new signature brands to its already exciting product offerings. The Company has begun to trade on the Deutsche Borse Open Market and intends to advance up to the higher exchanges on the Deutsche Borse.
2012/03/21 18:25 - Fufeng Group Limited (HKG:0546), a leading biochemical products producer in China, today announces its audited annual results for the year ended 31 Dec 2011 ("Period under review").
2012/01/12 13:00 - Asian Activities Report for January 12, 2012 includes: China's liquor maker Wuliangye (SHE:000858) says that the Group has topped the Chinese liquor industry by achieving a total revenue of RMB 20.2 billion in 2011; Logitech International (NASDAQ:LOGI) has unveiled Logitech HD Pro 920, the Company's first video webcam that makes video calls at full HD resolution; Toyo Engineering Corporation (TYO:6330) has won a contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system to be used in oilfield exploitation in Brazil; NEC Corporation (TYO:6701) has announced the successful experimental demonstration of 1.15-Tb/s ultra-long haul optical transmission over 10,000 kilometers using optical superchannel technology.
2012/01/11 15:25 - Further to the announcement of a new global organisational structure, Treasury Wine Estates Limited (ASX:TWE) is pleased to announce two key appointments to the Executive Leadership Team. These roles will report directly to Treasury Wine Estates CEO, David Dearie.
2012/01/09 13:00 - Asian Activities Report for January 9, 2012 includes: Little Sheep Group Limited (HKG:0968) says that its shareholders have approved the proposed acquisition of Little Sheep Group by Yum! Brands, Inc. (NYSE:YUM); Sinopec Kantons Holdings Limited (HKG:0934) has signed agreements to acquire 50% interest in Fujairah Oil Terminal United Arab Emirates from Concord HK; Hitachi, Ltd (NYSE:HIT) (TYO:6510) says that it expects to close the transaction of transferring its hard disk drive business to Western Digital Corporation (NYSE:WDC) by March 2012; Japanese software developer Celartem Technology Inc. (JASDAQ:4330) has signed a contract to participate in a smart micro grid project at the Beijing New Energy Industry Base; Takeda Pharmaceutical Company Limited (TYO:4502) says that it will work with Osaka University to develop a platform for practical application and commercialization of nano-particle vaccines.
2011/12/06 12:00 - Asian Activities Report for December 6, 2011 includes: DunAn (SHE:002011) has recently won the Greatest Growth Potential Award at the 2011 Reputation List of China Listed Companies event in China; Honghua Group Limited (HKG:0196) will form a joint venture company with Gansu Huateng Petroleum Machinery Manufacturing Co., Ltd.; Seven Bank, Ltd. (JSD:8410) has received approval to list its shares on the Tokyo Stock Exchange on Monday, December 26, 2011.
2011/12/02 12:01 - Asian Activities Report for December 2, 2011 includes: Panasonic Electric Works, a Panasonic Group (TYO:6752) company, is to launch a new residential power storage system in late December in Japan; Treasury Wine Estates Limited (ASX:TWE) has appointed Michelle Terry as Managing Director Lindeman's; Algae.Tec Limited (ASX:AEB) will build its first algae to biofuels production facility in Asia; Haranga Resources Limited (ASX:HAR) says today that drilling at the Bayantsogt Prospect within the Selenge Iron Ore Project in Mongolia has intersected significant widths of iron mineralisation; Corazon Mining Limited (ASX:CZN) announces that results from the latest phase of drilling at the Lynn Lake Nickel Sulphide Project in Canada have defined further significant nickel-copper mineralisation.
2011/12/01 12:00 - Asian Activities Report for December 1, 2011 includes: Asahi Group Holdings Ltd (TYO:2502) has conditionally agreed to acquire Mountain H2O Pty Ltd, a bottled water company in Australia that produces high quality spring water; China Longyuan Power Group Corporation Limited (HKG:0916) has received governmental approval for the 49.5 megawatt Shaanxi Qingling Guanritai Wind Power Project; Virgin Blue Holdings Limited (ASX:VBA) and Singapore Airlines (SIN:C6L) will enter into an integrated network aviation alliance; Nufarm Limited (ASX:NUF) has completed the acquisition of Seeds 2000, Inc., a sunflower seed research and production company in USA.
2011/08/26 12:51 - Fufeng Group Limited (HKG:0546) (PINK:FFNGY) ("Fufeng" or "the Company", together with its subsidiaries collectively known as "the Group"), the largest manufacturer and supplier of MSG in China and the largest manufacturer of xanthan gum in the world, announced today that its chairman, Mr. Li Xuechun has increased his equity stake in Fufeng following the previous share purchases from 16 to 18 August 2011, showing his confidence in the Group's business development and prospects. As an industry leader, the Group aims to develop itself into a leading corn-based biochemical manufacturer in the world ahead of competitors by expanding its production capacity and market share.
2011/08/22 13:42 - Fufeng Group Limited (HKG:0546) (PINK:FFNGY) ("Fufeng" or "the Company", together with its subsidiaries collectively known as "the Group"), the largest manufacturer and supplier of MSG in China and the largest manufacturer of xanthan gum in the world, announced today that its substantial shareholder and chairman, Mr. Li Xuechun and its executive director and general manager Mr. Wang Longxiang have increased their equity stakes in Fufeng, showing their confidence in the Group's business development and prospects.
2011/08/16 16:07 - Fufeng Group Limited (HKG:0546) (PINK:FFNGY), a leading corn-based biochemical products manufacturer in China, today announces its unaudited interim results for the six months ended 30 June 2011.
2011/06/19 15:01 - Microequities Rising Star Conference will be WebCast from 9:30 am Sydney Time live for the Radisson Plaza Hotel on Tuesday 21 June, 2011. Microequities is a specialised Microcap asset manager. Established in 2005 as an independent investment research house devoted to Microcaps. Microequities expanded into funds management in early 2009 by launching its flagship Deep Value Microcap Fund.
2011/03/23 09:40 - Fufeng Group (HKG:0546) (PINK:FFNGY), the largest manufacturer and supplier of MSG in China and the largest manufacturer of xanthan gum in the world, today announces its annual results for the year ended 31 December 2010. The Group's revenue in 2010 was approximately RMB 6,416 million, representing an increase of approximately RMB 1,783 million or 38.5% as compared with that of 2009.
2011/03/22 12:01 - Seven Bank Limited (JSD:8410) (PINK:SEBNF) will launch an international money transfer service on March 22, 2011. The service allows customers to easily and conveniently send money from Seven Bank accounts for an affordable transfer charge to over 400,000 Western Union (NYSE:WU) locations in more than 200 countries across the globe.
2010/12/21 11:34 - China Bio-Agriculture Industry Summit 2011 will be convened in Shanghai China on February 24-25, 2011. It is committed to providing a comprehensive picture of policy support, market trends, multi-national cooperation in R&D and technical innovations and investment climate of the industry.
2010/11/27 19:26 - Marqués de Casa Concha Cabernet Sauvignon 2007 earned 91 points and placed 56th on Wine Spectator's list of Top 100 wines, making it the highest-scoring Chilean wine in this year's ranking and placing it above wines from other New World countries, such as Argentina.
2010/09/29 16:01 - Fufeng Group (HKG:0546) (PINK:FFNGY) is pleased to release a research report conducted by RedFile Research.
2010/09/15 12:19 - The Royal Bank of Scotland N.V. (LON:RBS) (NYSE:RBS) Hong Kong Branch is pleased to release Fufeng Group research report.
2010/08/20 16:43 - Fufeng Group Limited (HKG:0546) (PINK:FFNGY) announced 2010 interim results. Sales up 45.4% yoy to RMB2.98Bn, profit attributable to equity holders up 30% yoy to RMB460Mn. EPS reached RMB0.32. The company proposed an interim-dividend of RMB0.11 per share. The Xanthan Gum segment reached 20% of total gross profit in 1H2010 and another high margin-product Threonine will become new growth driver in the future.
2010/08/20 08:53 - Fufeng Group Limited (HKG:0546) (PINK:FFNGY) announced its 1H10 results yesterday, and they came in slightly below our expectation. The revenue was RMB2.99B (45.4% YoY growth) which is slightly higher than our forecast of RMB2.98B. The basic EPS was RMB0.277 (30% YoY growth) which is slightly lower than our forecast of RMB0.287. The GMP was 24.8% (1H09:28.1%) which is lower than our forecast of 28%. The significant drop of GPM was due to the significant price increase of raw materials, particularly corn kernels.
2010/08/18 13:54 - Fufeng Group Limited (HKG:0546) (PINK:FFNGY) 1H10 net profit increased by 30% YoY to Rmb460mil, in line with our estimate. Profit margin was largely in line with our estimate, and a higher subsidy income has offset the impact of lower-than-expected fertilizer sales. Moreover, robust volume growth in core products (xanthan gum + 127%, MSG + 80%) have boosted our confidence in Fufeng's strategy in gaining market share. We reiterate OW and maintain our PT of HK$ 6.7 (7.5X FY11E EPS of HK$0.9) on an undemanding valuation of 6.2x FY11 P/E (27% discount to peers).
2010/08/18 12:57 - Fufeng Group Limited (HKG:0546) (PINK:FFNGY) earnings grew 30% yoy in 1H10 to Rmb460m, in line with both our forecasts and Bloomberg consensus. We have fine-tuned our earnings forecasts for FY10-12. Maintain Buy, HK$7.10 target price.
2010/08/13 13:30 - The Australian stock market is higher in morning trade, despite that Wall Street recorded falls for the third consecutive trading day.
2010/08/11 13:31 - The Australian stock market opened lower on Wednesday after US stocks dropped and oil and metals prices slipped overnight.
2010/07/27 13:42 - Fufeng Group (HKG:0546) (PINK:FFNGY) releases research report produced by Kim Eng Securities (BAK:KEST).
2010/07/07 09:30 - The Australian shares rebounded strongly from early losses on Tuesday, helped by the Reserve Bank of Australia's decision to keep interest rates steady at 4.5 per cent. At the close, the benchmark S&P/ASX200 index was 54 points, or 1.3 per cent higher, at 4276.1, after hitting a 12-month low at opening. The broader All Ordinaries index gained 49.1 points, or 1.2 per cent, to 4299.7.
2010/07/06 18:00 - Fufeng Group (HKG:0546) Research Report Conducted By Royal Bank of Scotland (RBS) (NYSE:RBS). Fufeng is China's largest glutamic acid and second-largest MSG producer. We forecast an earnings CAGR of 20% for FY10-12, driven by capacity expansion and increasing cost savings. We initiate with a Buy rating and a HK$7.10 target price.
2010/07/06 12:34 - CSR Limited (ASX:CSR) said Tuesday it has entered into an agreement to sell its Asian Business to Danish stone wool producer Rockwool Group for A$128 million.
2010/07/06 10:20 - The Australian share market gave up its early gains to finish 0.3 per cent lower on Monday while Asian markets were weaker. The benchmark S&P/ASX200 index was down 16.6 points, or 0.39 per cent, at 4,222.1, while the broader All Ordinaries index shed 14.3 points, or 0.34 per cent, to 4,250.6.
2010/07/05 12:30 - CSR Limited (ASX:CSR) said it has agreed to sell its sugar and renewable energy business, Sucrogen, to Singapore listed agribusiness Wilmar International Limited (SIN:F34) for A$1.75 billion.
2010/07/02 09:30 - The Australian market fell for an eighth straight session on Thursday and closed at its lowest level in 11 months. The market opened lower after Wall Street fell on disappointing employment data in the US. Sentiment was dented further as a fall in China's purchasing managers' index for June raised concerns of a slowdown in Chinese economy. At the close, the benchmark S&P/ASX200 index slashed 64 points, or 1.49 per cent, at 4237.5 points. The broader All Ordinaries index was down 62.1 points, or 1.44 per cent, at 4262.7.
2010/06/16 13:15 - The Maryborough Sugar Factory Limited (ASX:MSF) is now in a position to proceed to the next stage of the planned joint venture with Bundaberg Sugar Limited, a subsidiary of Belgium's sugar mills group Finasucre, after advice from Australia's Foreign Investment Review Board (FIRB).
2010/06/07 13:30 - Australian shares today extended Friday's fall, dropping massively this morning. The Asian markets were broadly lower on Monday after the Dow Jones on Friday slumped 3.2 per cent due to the refresh fears on Europe debt. The Hungarian prime minister's spokesman said the country's economy was at risk of entering a Greek-style debt crisis. The benchmark S&P/ASX 200 index plunged more than 3 per cent in early trade.
2010/05/26 13:30 - The Australian share market strongly rebounded in early trade today, despite a flat lead from Wall Street. The benchmark S&P/ASX200 index was up about 2.2 per cent shortly after the market opened.
2010/05/25 13:30 - The Australian shares gave up most of yesterday's gains this morning with the benchmark ASX200 index retreated 1.7 per cent due to uncertainty over Europe economy. Wall Street overnight finished sharply lower as rescue of a Spanish savings bank triggered new fears over the eurozone debt issues.
2010/05/17 14:02 - Green Investments Summit Indonesia is gaining momentum as it is the first summit in Indonesia gathering the key decision makers across various ministries, local governments, investors, key power producers, independent project developers and professional solutions provider for a public private dialogue to unlock investment barriers within the clean energy space.
2010/05/14 13:30 - The Australian shares gave up 1 per cent shortly after the market opened on Friday led by banks and big miners. The weak commodities prices and decline in Wall Street dented the local market. Today Asian markets also broadly fell after the poor lead from the US.
2010/05/13 14:04 - We (PiperJaffray - (NYSE:PJC)) reiterate our Overweight rating on Fufeng Group (HKG:0546) (PINK:FFNGY) after its release of 1Q10 operation updates. Thanks to healthy Average Selling Price (ASP) trends and capacity expansion, Fufeng's profit margin and revenue growth are on track to deliver our earnings estimates (+11%/30% in FY10E/11E). Fufeng further raised its ASP on April 10 to pass on the continuously rising corn cost. Our PT of HK$6.70 (9.4x FY10E) is still below the initial conversion price of the CB issued recently (HK$7.03).