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AIM-listed orange plantation operator and owner Asian Citrus has reported that Mr. Sung Chi Keung has tendered his resignation as Executive Director, Finance Director and Company Secretary with effect as of June 30th to pursue his own personal business interests. The board said that Mr. Lau Hak K
Read moreRevenue fell 14.5 per cent to RMB892.0m (94.4m pounds) in the six months ended December 31st at AIM-listed Asian Citrus. The company, which owns orange plantations in China, reported that total production was down 6.0% to 161,233 tonnes, primarily reflecting a planned replanting programme to increa
Read moreFood producing stocks were performing well on Wednesday with FTSE 100 consumer products giant Unilever the standout performer after impressing with record sales in 2012. Turnover increased by 10.5% to €51.3bn, the first time that it has topped the €50bn mark. Underlying sales growth of 6.9% was str
Read moreAsian Citrus Holding shares were down three per cent after the orange plantation operator projected rotten half year results. The company expects to record a decrease in core net profit for the six months to December 31st, following a squeeze on winter orange production, according to a trading upda
Read moreAIM-listed Asian Citrus, the single largest orange producer in China, has unveiled details of its winter crop yield, revealing a decline in oranges harvested. The total actual winter orange crop yield of the group's two operational plantations was approximately 161,233 tonnes, 6% less than the 171,
Read moreAsian Citrus, the Chinese orange plantations owner, has negotiated a tiny year-on-year increase in the average selling price of its winter orange crop from its Hepu and Xinfeng plantations. The share price fell to a 52-week low after it said the negotiated increase in price on its winter crop is le
Read moreShares in Chinese orange plantations owner Asian Citrus Holdings were squeezed again on Monday after it emerged last Friday that an investment vehicle controlled by executive directors had cut its stake in the company. Market Ahead Investments sold 50m Asian Citrus shares in an off-exchange transac
Read moreThe big event on Tuesday is the US presidential election but the exit polls for that won't be published until well after London has shut up shop for the day. On the corporate front, Marks & Sparks (M&S) is set to take centre stage. Seymour Pierce thinks Marks & Spencer will "do the normal trick of
Read moreAggreko: Goldman Sachs cuts target from 3,692p to 3,460p, conviction buy rating kept. Asian Citrus: Seymour Pierce keeps buy rating and 50p target; BG Group: Nomura keeps buy rating and 1,600p target. BP: HSBC cuts target from 550p to 530p, overweight rating kept. Brewin Dophin: RBC Capital Mark
Read moreShares in Chinese fruit juice producer Asian Citrus moved further away from their 52-week low after full-year results topped expectations. Revenue for the year ended June 30th rose 25.7% to RMB.1,766.1m (£178.7m) from RMB.1,412.6m (£136.4m) the year before, ahead of house broker Seymour Pierce's fo
Read moreAnalysts at Credit Suisse were left scratching their heads after a meeting with Burberry management and a visit to the Spring '13 showroom on Thursday night. What has gone wrong in the two weeks through September 8th, they ask themselves. "Our recent conversations with peers and initial checks wit
Read moreAnalysts at Seymour Pierce have today issued a bullish note on Asian Citrus, highlighting both the 'very encouraging' 8.7% rise seen in net profits, to RMB629.1m, as well as the 'pleasing' 30% increase in the company´s final dividend payment, for a yield of 5.2 per cent. Also, the house broker cal
Read moreShares in orange tree plantation operator Asian Citrus have risen more than one-tenth ahead of Friday's full-year results. That will be some consolation to long-suffering shareholders who have seen the share price slide from the high eighties to the low twenties as doubts persist that the company m
Read moreAsian Citrus, the largest orange plantation owner and operator in China, has said that it is 'not aware of any material damage' to its orange trees in the Hepu plantation despite Typhoon Kai-Tak, which hit the Hepu county of the Guangxi Zhuang Autonomous Region last week. The group said it has im
Read morePeter Sands, Chief Executive at Standard Chartered, the Asia-focused banking colossus, earned himself 5.9m pounds-worth of shares in the company following the vesting of four separate reward payments. The pay-out came as the largest part of a £32m bonus paid to 10 of the company's directors. San
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