, Hong Kong

Asian Citrus’ winter orange crop yield slip by 6%

Check out what to blame.

Asian Citrus announced that its total actual Winter Orange crop yield were down by 6% YoY to 161k tons, which were broadly in-line with the tonnage indicated in the previous preliminary trading update statement.

According to Maybank, the decrease was mainly due to the impact of its replanting program and unfavourable weather throughout the year.

Here’s more:

In all, sales of winter oranges were 15% short of our projections (as according to previous trading update, its negotiated ASP was up slightly by 1% YoY), which should imply approximately 8%/5% downside risk to our orange sales/total sales projections for FY6/13F. Expect share price weakness given the uninspiring winter trading crop update. Action: We are currently reviewing our estimates.  

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!