People's Food Holdings Limited

About People's Food Holdings Limited
Founded in 1994, People's Food Holdings Limited has established a strong market presence and is now a nation-wide provider of meat and meat products in China, with an approximate 2% market share. Over the years, our “Jinluo” (金锣) brand grew in popularity to become a household name and has won numerous awards and accolades in recognition of its top quality meat products and high hygiene standards. 

We produce, process, market and distribute top-quality processed meat products such as High Temperature Meat Products (HTMP), Low Temperature Meat Products (LTMP), Chilled Fresh Pork , Frozen Pork, Pig's By-Products as well as Frozen Chicken in China.

S&C Quick Analysis:
Cash balance: Net Cash of about S$0.40. That is about 70% cash to market share value of S$0.58.
Revenue increase about 23% YOY, however net profit fell 46% due to higher cost of sales. Judging from the initial analysis, Pfood core business remains strong and profitable, some of the cost due to inflation and higher administrative cost erode it profit. Some other negative areas are its losses from its associates companies.


Pfood, fundamental still looks well, technical, its share price is currently trading an multiple support range of S$0.55-0.60 range. RSI oversold plus MACD shows signs of cross over. 12 Mar shows Brandes Investment Partners add more stakes in Pfood. This shows that there is still institutional interest in Pfood. This counter is thinly traded and volume is low. 


S&C saw value at current share of at S$0.58 and had already taken position below the the current share price. Initial target price for S&C is S$0.64. Call for buy at S$0.58.