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Asian Citrus

October 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ACHL
  • Price:
  • 22p
Full year results were impacted by a severe citrus canker outbreak at the Hepu plantation compounded by a replanting programme underway and this resulted in a 10% fall in orange volumes to 218,600 tonnes. The pineapple juicing operation also saw reduced demand for concentrates. Consequently, sales went down 16% to RMB1,485.9m whilst net profit for the year declined by 37% to RMB399.6m. The dividend has been scaled back to RMB0.10 (1.1p) which is odd as ACHL has a giant pile of cash (18p a share). Asian Citrus says the canker outbreak is a once off and it has taken measures to minimise the risk to future crops. It expects Hepu volumes from the 1.2m trees will return to previous levels this year. Xinfeng has remained unscathed ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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