Hutchmed (china) Share Discussion Threads

[bongo bwana] 04/10/2010 12:25

Many thanks SS - do you enjoy a subscription to IC???

[share_shark] 04/10/2010 12:20

Tipped in INv Chronicle BB.

[gucci] 01/10/2010 14:13

lets go buddies 600p next stop imho

[share_shark] 01/10/2010 13:11

TNZ going great guns. Well done.

[share_shark] 01/10/2010 13:03

If you have seen this before please filter me !




Facing the challenges of Chinese ingredient sourcing
By Caroline Scott-Thomas, 24-Sep-2010

Related topics: Quality control, Industry

China's reputation as an ingredient supplier has suffered from a spate of food safety problems – but the food industry should not paint all China-based companies with the same broad brush, says stevia supplier GLG Life Tech.

[share_shark] 01/10/2010 12:57

BB. Are you requiring the usual modous/alert/txt whilst on holiday ?.

[share_shark] 01/10/2010 12:10

Yes you are right about SCSW BB and I am wrong. Sorry gucci.

[share_shark] 01/10/2010 11:07

WELL DONE there BB, you clever fellow and am so pleased for you and H.

[bongo bwana] 01/10/2010 11:05

Was thinking of parking my BKIR lucre here SS - nice business about to be done once we get over :-)

[share_shark] 01/10/2010 11:03

TOO old gucci, too old !.

[gucci] 01/10/2010 11:02

the old team are getting together again!!

[share_shark] 01/10/2010 10:58

Tomorrow gucci and thanks BB.

Phew, Good to see it on the move again!.

[gucci] 01/10/2010 10:55

scsw out soon too
will be looking for an update

[willsy50] 01/10/2010 10:31

Sold out last week, back in today.
Hoping for some updates on the organic baby formula.

[gucci] 01/10/2010 10:23

we're off!!!!!!!!!!!

[share_shark] 24/9/2010 15:08

Facing the challenges of Chinese ingredient sourcing

[share_shark] 21/9/2010 15:18

Bodes well for HCM's milk products.




China warns of death sentence for serious food safety violations
By Rory Harrington, 17-Sep-2010

Related topics: Legislation

Imposing the death penalty for the worst offences and the mulling of a ban on a bakery bleaching agent are the latest measures unveiled this week by Chinese authorities as part of its ongoing battle to tackle food safety breaches.

A joint notice issued by the Public Security Bureau and three other agencies urged a "high voltage" crackdown and said large-scale or severe food safety cases should be punished severely, said Chinese state media.

Strict punishment

"Those deserving death penalties should be resolutely sentenced to death," said Xinhua quoting from the official notice, which was jointly issued with The Supreme Court, the Ministry of Justice and the Supreme People's Procuratorate

The release also vowed to introduce harsher punishments for government officials who ignore food safety offences, protect offenders or take bribes.

According to the paper, the circular said: "Officials who are involved in food safety crimes should not be given a reprieve or be exempt from criminal punishment."

No apparent change in the law appeared to be suggested by the notice but rather that courts should hand out harsher punishments. Factors that judges should consider are the amount of money involved, criminal culpability, and criminal methods. Repeat offenders, principals of criminal groups and those resulting in severe harm to people or to large-scale sales, should be "strictly" punished in accordance with laws and regulations, said the document.

China has been beset with a string of wide-spread and high profile food safety scandals in recent years including the adulteration of milk powder with melamine that killed six and sickened at least 300,000.


Flour bleaching ban

In a separate development, the Ministry of Health said it was considering a ban on a bleaching agent widely used in flour processing. Officials are deciding whether to outlaw benzoyl peroxide (BPO) as an additive to flour.

The proposal came after authorities carried out a public consultation on revision to food additives - with many calling for a BPO ban. Some 100 companies previously called for a ban on the additive in the wake of the 2008 melamine contamination incidents.

Officials are said to be looking at the possible effects a ban would have on industry and foreign trade. Approval for the use of the additive in flour production was given in 1986, allowing up to 60 mg/kg of flour.

[share_shark] 21/9/2010 14:30

American Chronicle. Very nice recommendation and if the Yanks come on board, all the better.



SMALL CAPS: Method of overseas exposure
When looking for overseas exposure British small cap fund managers have a choice between buying a British-domiciled business with interests overseas, or a foreign-domiciled company that has come to London to gain a quotation. Minority investors have to be particularly careful when investing in the latter category as the company law of the country of domicile may not afford them pre- emption rights. Under a cornerstone of British company law - the Companies Act 2006 - pre-emption rights mean all investors have first refusal to new stock, to protect them from dilution of ownership.
Simon King, manager of the Premier Smaller Companies fund, says: "If I'm able to play [overseas exposure] through UK companies I've some protection. You've got to be slightly worried by the numbers [of overseas-domiciled companies] and if they only float a small number of shares you end up a minority shareholder. If something really good comes up [I will consider it]." Mark Slater, manager of the MFM Slater Growth fund, has taken the view that Hutchison China MediTech, a Cayman Islands-domiciled holding company for a healthcare business based primarily in China, is a calculated risk worth taking.

Hutchison is a big contributor to Slater's impressive 12-month performance, having recovered 241% in the past year, from 120.5p to 411.5p. The company is Slater's single-biggest holding, making up 9.1% of the fund at the end of July. Hutchison is a beneficiary of increasing healthcare provision in China, and Slater says the lesser protection offered by Cayman Islands law - something others may find off-putting in the context of a 71% holding by Hutchison Whampoa, a Hong Kong Stock Exchange-quoted conglomerate - is mitigated by some special circumstances.

Hutchison was floated on the alternative investment market (Aim) in May 2006 with an issue price of 275p, after being spun out of Whampoa, whose chairman and majority shareholder, Li Ka-shing, is reportedly Asia's richest man. It is Li on whom Slater pegs his confidence. He says: "You have political protection of a highest order through him. It is not perfect but you're not going to get messed around with someone like that. He has a long record of spinning out floats, he has done it dozens of times, it is part of his business model [so] he will not bother screwing minority investors in these companies."

Aim is the market associated with one of the biggest frauds in recent British stockmarket history, in which one-time Bermuda- domiciled Langbar International falsely claimed to have pound 370m in bank accounts at ABM Amro and Banco do Brasil. For that reason some fund managers, if they do invest in overseas-domiciled businesses, limit themselves to those quoted on the London Stock Exchange's (LSE) main market. Unlike Aim, which is regulated by the LSE, the main market is subject to regulatory scrutiny by the Financial Services Authority. While Aim with its exchange-regulated model, is designed to give access to earlier-stage and, by extension, often faster-growing companies, the risks are higher.

Copyright: Centaur Communications Ltd. and licensors

[share_shark] 21/9/2010 08:31

CHINA: Hain Celestial, Chi-Med launch organic infant formula
By: just-food.com | 20 September 2010

Hain set up the Chinese venture last year

Hain Celestial has announced the launch of its co-branded Earth's Best and Zhi Ling Tong organic infant formula in China under its venture with Hutchison China Meditech (Chi-Med).

The product will be produced in Switzerland under an exclusive agreement with an independent supplier, Hain said today (20 September).

"Our entry into the Chinese market through Hutchison Hain Organic continues with Chi-Med's highly regarded Zhi Ling Tong brand of infant products working together with our Earth's Best brand," said Irwin Simon, president and CEO of Hain Celestial.

The move is part of a joint venture between Hain Celestial and Chi-Med, which was announced nearly a year ago, creating a company called Hutchison Hain Organic Holdings. Hutchison Hain Organic began marketing and distributing other Hain Celestial products earlier this year through AS Watson and ParknShop stores in Asia.

[share_shark] 21/9/2010 08:28

May have license by end of the year.

[engelo] 21/9/2010 00:47

Market unimpressed, tho.

Incidentally, what will Piper Jaffray contribute to things?

[cfro] 20/9/2010 18:36

Sounds like good news.

[bongo bwana] 20/9/2010 07:42

Precisely SS

[share_shark] 20/9/2010 07:29

Especially after the "Melamine milk" scandal !.