【出版时间及名称】：2009年11月南非鸡肉产品行业研究报告
        【作者】：摩根大通
        【文件格式】：pdf
        【页数】：35
        【目录或简介】：
本文来自: 人大经济论坛 详细出处参考：http://www.pinggu.org/bbs/viewthread.php?tid=614780&page=1&from^^uid=202748

Table of Contents
Investment Thesis ....................................................................3
Pricing: Imports add question marks .....................................4
Feed costs – Lagging for large producers .............................5
Maize prices – Encouraging intentions to plant but yields
could go down ..........................................................................5
Feed business – Still in oversupply........................................6
Competition Commission Investigation .................................6
Looking at Forward Price/Book...............................................6
Astral Foods Ltd.......................................................................8
Valuation ...................................................................................9
Target price, Recommendation and Risks ...........................11
Financial Statements..............................................................12
Sovereign Food Investments ................................................13
Valuation .................................................................................14
Target Price, Recommendation and Risks...........................16
Financial Statements..............................................................17
Country Bird Holdings ...........................................................18
Valuation .................................................................................19
Target price, Recommendation and Risks ...........................21
Financial Statements..............................................................22
Rainbow Chicken Ltd .............................................................23
Valuation .................................................................................23
Target Price, Recommendation and Risks...........................25
Financial Statements..............................................................26