Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ORIGIN AGRITECH LTD. We currently have 0 research reports from 0 professional analysts.
Frequency of research reports
Research reports on
ORIGIN AGRITECH LTD
ORIGIN AGRITECH LTD
20 Apr 17
Although the last two months have seen a broadly neutral performance from the UK healthcare sector compared to a significantly more volatile 6 months prior, we continue to expect macro-events and increased geo-political risk to result in an overall neutral performance from the sector over the next period. However, company specific news is likely to drive a strong outperformance from selected mid-market companies. We retain our neutral sector stance whilst highlighting those we expect to outperform.
Companies: ABC AMS AGY ANCR BTG BTG C4XD CTH DPH DNL EKF HCM HZD IMM MXCT MTPH PLI SCLP SPHR VLG VER
26 Apr 17
N+1 Singer - Morning Song 26-04-2017
Abzena (ABZA LN) Set for transformational growth | Boohoo.com (BOO LN) Strong continuing momentum in BOO and PLT, cautious start for NG | Brooks Macdonald Group (BRK LN) Positive net inflows and performance combine to drive FuM growth | Devro (DVO LN) Reassuring AGM update | Nichols (NICL LN) Positive AGM tenor supportive of premium rating | Oxford Instruments (OXIG LN) Sale of Industrial Analysis business | PCI-PAL (PCIP LN) Contract win | PROACTIS Holdings (PHD LN) H1 results as expected, no change to forecasts | Stadium Group (SDM LN) Trading in line; Technology Day for investors | Walker Greenbank (WGB LN) Momentum visibly rebuilding post floods and after investment in growth
Companies: OXIG DVO NICL SDM WGB BOO ABZA PCIP BRK PHD
27 Mar 17
The Joy of Techs
Enterprise-focused niche applications of tech illustrate how, while trends appear to be fluctuating away from the current poster children of fintech and the Internet of Things, in fact these developments are refining appropriate application of existing technologies.
Companies: 7DIG AMO ARTA BVC BOTB CTP CFHL ISL DTC DOTD ELCO ESV FDSA FDEV GBG IDEA IDOX IMTK IGP IOM KBT KCOM KWS LRM MAI MMX NASA NET ONEV PHD QTX QXT RCN 932 SSY SEE SIM SPE TAX TEP TPOP TRAK UNG VIP ZOO
26 Apr 17
Trading in line
Nichols (NICL LN, BUY, T/P 2300p) this morning released a trading update before their AGM at 11am this morning. Nichol’s trading performance for the first quarter is in line with full year management expectations.
03 Apr 17
After much heralding, MIFID II is finally beginning to have an impact on the business of investment research, though its true ramifications might take years to be seen. The role of analyst research is widely misunderstood. It is not all about the conclusion: the rating and price target. The real content of research is about what is discounted in the current share price and what assumptions would produce different outcomes.
Companies: ABZA AVO AGY APH ARBB AVCT BUR COG CLIG COS DNL EVG MCL MUR NSF ODX OXB PPH NIPT PHP RE/ RGD REDX SCLP SPH TRX
23 Mar 17
Small Cap Breakfast
K3 Capital Group—Schedule 1 from the Group of business and company sales specialists across business transfer, business brokerage and corporate finance. Admission date and fundraise details TBC. Integumen— Schedule 1 from the personal health company developing and commercialising technology and products for the human integumentary system. Raising £2.16m at 5p. Expected market cap £8.16m. Admission expected 5 April. Sentinel—Investment company expecting NEX admission/introduction on 24 March. £636k raised pre-IPO. BioPharma Credit—Expected Gross Initial Acquisition Proceeds now c.$338m. Gross Cash Proceeds capped at $423m with placing and open offer. Results expected 23 March with admission now due 30 march.
Companies: PIL GFIN SOLI CBP CRW IDEA SIS PGY VELA VLG
26 Apr 17
Tyson Announcement Not a Knock-Out Blow
Greencore’s (GNC LN, BUY, T/P 310p) share price fell sharply by around 7½% yesterday after its largest customer US based Tyson (TSN US, N/R) announced a $3.2bn deal to acquire Ohio based food manufacturing and foodservice company Advance Pierre Foods. While the deal expands Tyson’s operations to include Foodservice, Retail, Convenience and Schools, it is unclear why such an announcement implies major disruption to Greencore’s US business with the company – notably the Jimmy Deans breakfast sandwich.
08 Mar 17
Positioned to perform
Stock Spirits (STCK LN, BUY, T/P 240p) preliminary 2016 results were in line with expectations, reconfirming their 11th January 2017 trading statement. Adjusted EBITDA was €51.5m compared with Bloomberg consensus and Whitman Howard estimates of €50.0m. The company are hosting an analyst presentation at 9.00am.
Companies: Stock Spirits
09 Mar 17
Undevilish detail implies more upside to come
While Stock Spirits (STCK LN, BUY, T/P 240p) appears in better shape than for some time, further improvements seem likely. Polish vodka market conditions remain competitive. But in our view attention to detail suggests the company is implementing the right brand strategy, appropriate pricing architecture and upgraded its sales function – hence, more upside to come. BUY
Companies: Stock Spirits
20 Apr 17
Q1 backs FY guidance
Q1 update: sales were up 2.3% (cons. 2%) with RIG at 1.3% and pricing of 1%. On a reported basis, sales were up 0.4% (FX:-0.4%, net M&A -1.5%). OG by division: the Americas +0.4% (cons. +2.5%, negative RIG), EMENA +1.7% (cons. +0.5%, RIG driven), AOA 4.5% (cons. +2.5%, RIG and pricing driven), Waters +3.1% (cons. 3.5%, RIG driven), Nestle Nutrition +1.1% (cons. +0.9%, pricing driven), Other Businesses +5.8% (cons. 2.4%, RIG driven). The group confirmed its FY guidance.
Companies: NESTLE SA-REG
26 Apr 17
N+1 Singer - Nichols - Positive AGM tenor supportive of premium rating
A very pleasing AGM update from Nichols this morning. By all accounts it’s had a strong start to FY17, with UK metrics in Q1 illustrating further outperformance vs the soft-drinks sector and international showing strong trading momentum. Admittedly, Q1 is the quietest quarter but it’s reassuring to see the company get off to a good start. The update flags various headwinds in 2017, but these have been well trailed and if anything recent sterling strength is a positive from an input cost perspective. Given reference to trading being in line with management expectations and the fact that the all important summer and Q4 trading season is still ahead, we make no forecast changes at this juncture. The share price has rallied 12% since the 2nd March finals and is up 14% YTD. This leaves the stock trading on a FY17/FY18 P/E of 27x/25x and 19x/18x EV/EBITDA respectively. The tenor of toady’s AGM reinforces the attractions of the stock and whilst the rating looks full in the short-term, we see scope for further share price upside on a 12m view.
12 Apr 17
N+1 Singer - Nuclear options - Significant long-term opportunities for UK companies
UK nuclear represents a huge and complex market offering significant long-term opportunities. New build nuclear is required to help meet rising UK power generation needs and replace generation capacity which is nearing end of life. Decommissioning is essential to clean up the UK’s legacy nuclear sites safely and securely, prioritising areas where deteriorating buildings present an unacceptable risk. The total budget for nuclear is estimated at c.£301bn, with a significant proportion of this spend expected to be with UK companies. The contracting opportunities are not without risks and uncertainties. However many companies are already generating revenues and profits from UK nuclear contracts, including a number from our small and mid cap universe. We expect these contributions to become more material over time, and for the experience gained in the UK market to leave companies well-positioned to pursue nuclear opportunities overseas. Our top picks are Severfield (Buy) and Augean (Corporate), but we are also positive on Redhall (Non-Rated).
Companies: AUG FSJ WYG DRV CARR SFR PRV RHL
01 Mar 17
Hardman & Co Monthly: March 2017
Most major pharmaceutical companies have reported results for 2016 during the last few weeks, providing the opportunity to update our industry statistics. For an industry that requires a long investment cycle, decisions made many years ago have consequences on current financial performance. Being able to look at performance over 20 years highlights how strategic decisions have panned out.
Companies: ABZA AVO AFHP AGY APH ARBB AVCT BUR COG CLIG COS DNL EVG EHP GHE MCL MUR NSF ODX OXB PPH NIPT PHP PURP RE/ RGD REDX SCLP SPH TRX TON VAL VRP
05 Apr 17
Small Cap Breakfast
EJF Investments— Publication of prospectus from the closed-ended investment company investing in assets benefitting from regulatory and structural change in the financial services sector. To join Specialist Fund Segment of the Main Market | ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. | Franchise Brands—Schedule 1 detailing £28m reverse takeover of Metro Rod. Admission expected 11 April. | Alpha FX Group— Schedule 1 update from the foreign exchange provider focused on managing exchange rate risk for UK corporates that trade internationally. Raising £30m. Expected market cap £64.2m and admission 7 April. | K3 Capital Group—Schedule 1 from the Group of business and company sales specialists across business transfer, business brokerage and corporate finance. Admission date and fundraise details TBC. | Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.
Companies: BBSN ABZA VENN STY LTG BMN CTP SCHO DTG RGD
27 Apr 17
A great Q1
Q1 update: net sales grew +3.4%, whereas the EBITDA margin was up +170bp to 14.8%. By division, Rice recorded +3.6% growth in net sales and +220bp in the EBITDA margin (which stood at 17.5%), additionally supported by a favourable raw materials environment. Pasta recorded +2.5% growth in net sales and +30bp in the EBITDA margin. The group highlighted that the harvests in durum wheat were of poorer quality (but good in quantity) in both North America and Europe which, however, did not have an impact on raw material prices. Pasta had a good performance in France whereas, in North America, the group continued with its heavy investment in advertising (divisional advertising to sales ratio stood at 7.1% in Q1). Net profit for the period was up +19% (on the back of positive income coming from the sale of land in Houston).
Companies: EBRO FOODS SA