2021 Strategy Series: Nutryfarm – AZT
Not Vested at Point of Writing and may/may not invest in it over the next 72 hrs.
If you remember my strategy of my portfolio, I do STILL invest in SG companies. It is my form of recovery stocks or it acts as a hedge towards my heavily invested US growth stocks. In other words, rather than going to the US and find recovery stocks, I tend to prefer to find them in SG market here.
So here I am going to talk about another company that I am still considering whether to buy in view of its recent run up.
I got to know this company when a friend asked me about it.
Part 1 – What the Company Does?
Ignore what the company does in the past.
Basically, to know this company. we should know what it could possibility become.
This company will eventually become a trading firm to assist Thailand Durian farms to shipped their Durians to China.
Yes and to repeat, the business will eventually become a trading durian business between Thailand and China.
The reason for this is the change in CEO as of Jan 21.
- Between 2009 and 2019, China’s fresh durian imports grew nine-fold, from US$124 million (S$169 million) to US$1.1 billion, according to a Channelnews Asia report.
- If that sounds unbelievable, consider that in 2020, the figure doubled to US$2.2 billion, according to the Ministry of Agriculture and Cooperatives of Thailand.
- Thailand is the only country allowed to export fresh whole durians directly to China under a 2003 trade agreement.