There was no market price of sugar companies to mention the sweet sugar – sugar,
The industry believes that Sugar Although the help up to improve corporate profits, but "there is no market price," flat transactions, the performance of the company may be the second and third quarter before being shown.
As the domestic sugar industry leading enterprises, Nanning Sugar (000 911) is the industry that the biggest benefit is the price of sugar rose enterprise.
Just returned from research in Guangxi Zhang Guoxin Securities, such as that facing the sugar industry, the turning point of economic recovery, cut sugar prices expected to rebound under the performance improvement will support the sugar industry, sugar industry leading performance in Nanning will also benefit from the sugar price range back to profitability in 2009 will be significantly improved year over year, maintaining its "recommended" rating.
However, as Zhang also said that the current price does not appear as a large number of transactions, which indicates that the actual operation of the sugar industry has not been substantially improved. Nanning Sugar in the first quarter is expected to significantly improved performance appears less likely, may reflect the improved profitability in the second quarter.
Another "involved in sugar" listed in the food Tuen River (600 737) will also be the beneficiaries of rising sugar prices. Sugar in the proportion of its business accounted for about 50%.
COFCO Tunhe stakeholders on the China Securities News, said the impact of sugar prices rose on the performance of the company is certainly good, but currently can not accurately determine impact.
His analysis, sugar rally has just started a few weeks, after a lot of sugar is below 3,000 yuan / ton in the price of selling at a loss; the same time, if full cost of a year, currently has about 3,400 yuan / ton sugar Price is still at a loss, and many sugar mills have to be so.
Insiders pointed out that the non-sugar enterprises in Guangxi region because the cost was higher than that of Guangxi sugar regions, production is not dominant.
At the same time, the grain Tunhe the person said that the current sugar "has no market value", both buyers and sellers are waiting to see, volume is not large, so Prices For the sugar enterprise has no practical meaning.
The source further analysis, the future need to April trend sugar sucrose to see after pressing End. But even if sugar prices are up space in the grain for the performance impact Tunhe generally need to wait until the second year, third quarter to be reflected.
2008 the first three quarters of grain Tunhe realized main business income of 1.97 billion yuan, net profit of 170 million yuan, up by both decreased slightly. COFCO Tunhe stakeholders pointed out that in 2008, accounting for 50% of sugar sales operations for the company almost did not contribute any profit. <<"Check more exciting content
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