Buy AVT Natural Products for a short term target of 118 and a long term target of 140. Current market price: 92 (as on 28th Sep'07). As markets are at all time highs, if markets correct on monday or the next week, it would be a great time to buy this stock on dips.
AVT Natural Products Ltd (AVT NPL) is a venture promoted by Mr.Ajit Thomas, as a strategic diversification from the traditional plantation business. Operating in line with its corporate signature, they are specialized in the extraction of colours and flavours from natural source.
(News on Sep 29th) - AVT Natural commences Marigold flower processing unit in Heilongjiang Province of North East China. The new plant of Heilongjiang AVT Bio-Products Ltd was dedicated to the globe last week by the Chairman of AVT NPL, Ajit Thomas. AVT NPL manages marigold contract farming operation in Southern India. Marigolds are the primary raw materials for the manufacture of Lutein.
At present, China accounts for 50 per cent share of the world marigold market of an estimated $50 million, while India holds 25 to 30 per cent and the balance by Peru. AVT NPL is the leader in the country with 70 per cent of the market share.
The company also has a strategic alliance with Kemin Foods L.C, USA, which has the patent for Lutein extracted from marigold for using in neutraceuticals. The market for this product is growing at 20 per cent a year and AVT is the sole supplier of the raw material to the US Company.
AVT Natural is the world's largest exporter of Marigold oleoresins.
In Vanilla , they are one of the largest exporters of cured vanilla beans cultivated in their own estates.
Overall looks to be a good and a safe buy at cmp. One can buy this stock and hold it, target of 118 will be achieved 99.99% sure. Just buy and hold.
1 comment:
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