Sino Grandness (SGX: T4B) is a China-based company listed on the SGX. The company is known for its loquat fruit juice where the company claims to have an 86% market share in China. The loquat fruit juice is housed under the company’s brand of fruit juices called Garden Fresh/鲜绿园. The brand is distributed not only in China but also globally across the rest of Asia, Europe, and North America.
In 2013, Sino Grandness was considered a hot stock when its share price surged three-fold to as high as $1.60 in six months. My friend’s dad asked my opinion on Sino Grandness while we were playing a friendly game of Texas hold’em. I will not tell you what I told him that night but he basically gave the company a miss after he lost his stack of poker chips to his son. True story.
I thought I’d never have to ......