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Food Empire: Good target for PE Fund/Delisting
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TobyRun
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29-Apr-2021 11:33
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Volume increased with price up. Huat to all. Dyodd. | ||||
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TobyRun
Member |
27-Apr-2021 13:22
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Share buyback at 94 cents. Seems company buying back at higher price? Huat to all | ||||
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TobyRun
Member |
26-Apr-2021 12:02
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Vested in this counter in this pandemic. Huat to all. Dyodd. Buy or sell at own risk. | ||||
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WBdisciple
Elite |
23-Apr-2021 08:21
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RHB: Target price to S$1.27, pegged to a higher price to earnings (P/E) ratio of 15 times for its FY2021 forecast. " It could even be a candidate for privatisation, given its undervalued position," Mr Jarick Seet said, adding that management has been buying back shares aggressively in December 2020 and January 2021. |
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WBdisciple
Elite |
22-Apr-2021 20:29
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FOOD EMPIRE...results will be strong as well?? Coffee, dairy help Nestle post strongest quarter in a decade Nestle on Thursday posted its strongest quarterly sales growth in 10 years, citing stronger demand for coffee, dairy and petcare products. PHOTO: REUTERS [ZURICH] Nestle on Thursday posted its strongest quarterly sales growth in 10 years, citing stronger demand for coffee, dairy and petcare products. The world' s biggest food group has weathered the Covid-19 pandemic well so far as consumers locked up at home bought more packaged foods for themselves and their pets. It also expanded e-commerce and its health science portfolio as consumers bought more online and worried about their health. " Retail sales saw solid growth and out-of-home channels saw signs of improvement. We confirm our guidance for the year and our mid-term outlook for sustained mid single-digit organic growth," chief executive Mark Schneider said in the statement. The maker of KitKat chocolate bars and Nescafe instant coffee expects an increase in organic sales growth this year versus the 3.6 per cent achieved in 2020. Organic sales rose 7.7 per cent in the first quarter, versus 4.3 per cent in the year-ago period, Nestle said, easily beating a forecast for 3.3 per cent organic growth in a company-compiled consensus and a 3.3 per cent drop in sales posted by peer Danone this week. " What a blow out - the strongest quarterly number since 2011," Kepler Cheuvreux analyst Jon Cox said, pointing to a recovery in emerging markets, while Bernstein' s Bruno Monteyne spoke of an " amazing beat" . Shares in Nestle, up just over 2 per cent so far this year, were indicated to open 1.7 per cent higher, according to pre-market indications by bank Julius Baer. Organic growth stood at 7.2 per cent in the Americas, at 4.4 per cent in Europe and at 9.1 per cent in Asia, Nestle said. Asia was in negative territory in the year-ago period as the pandemic hit there first. In terms of categories, petcare was up 8.7 per cent, powdered and liquid beverages including coffee rose 9.9 per cent, and dairy increased 15.7 per cent. Nutrition and health science fell 0.5 per cent, dragged down by nutrition. Nestle said it had made further progress on portfolio development as it wants to offer more health and wellness foods and get rid of underperforming businesses. It recently sold its North American water brands to One Rock Capital Partners for US$4.3 billion and offloaded its Yinlu peanut milk business in China to Food Wise. Peer Unilever is due to post its first-quarter update on April 29. |
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TobyRun
Member |
22-Apr-2021 16:11
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Looks like trending up again. Relatively low volume. Bot more. Dyodd. Buy or sell at own risk. | ||||
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WBdisciple
Elite |
18-Apr-2021 10:29
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Volume has increased steadily...with prices moving upwards as well... Again...consumerables-play (like Food Empire, Japfa, Wilmar) are one of my favourites because it is essential to our everyday consumptions. Food Empire has been quite resilient and even when a pandemic hits, the results of Wilmar was at a record as seen below: AGRIBUSINESS Wilmar International is set to hand out its highest-ever total cash dividend since listing, at S$0.195 per share for FY2020, amid a 18.6 per cent lift in full-year earnings disclosed on Monday after trading hours. The mainboard-listed firm has proposed a special dividend of S$0.065 and final dividend of S$0.09 per share for the half-year ended December. Its interim dividend in August was S$0.04 cents per share. Wilmar' s sweetener for shareholders comes as its net profit for FY2020 surged 18.6 per cent to US$1.53 billion, on the back of a 18.5 per cent rise in revenue to US$50.5 billion, driven by growth across all segments. |
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ghetto
Master |
07-Apr-2021 09:18
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Buy up steadily increase...Lets watch this empire | ||||
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TobyRun
Member |
06-Apr-2021 23:38
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Volume increased with price appreciation. Looks like it is trending up. Hope it break the 1 dollar mark. Vested. | ||||
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ghetto
Master |
06-Apr-2021 15:46
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$1 is very near. Watching this one. | ||||
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TobyRun
Member |
01-Apr-2021 16:57
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The volume looks promising this week on the average. Hopefully, it will continue in strength. | ||||
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TobyRun
Member |
01-Apr-2021 14:38
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Bot some. Hope can surge above 1.00 | ||||
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WBdisciple
Elite |
31-Mar-2021 14:16
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More share buybacks from Company...signify their confidence in the company...another company on my radar is NutryFarm...they are moving to the consumer business with the durian trade and they have secured close to S$200 million of sales order....
pls do your own DD.. |
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WBdisciple
Elite |
02-Mar-2021 19:58
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RHB maintains ' buy' rating for Food Empire with a higher TP on bullish FY2021 outlook RHB Group Research analyst Jarick Seet has maintained his &ldquo buy&rdquo rating on Food Empire with a higher target price of $1.27 from 80 cents previously. The revised target price comes following Food Empire&rsquo s stronger performance for the 4QFY2020 ended December. Despite y-o-y revenues decreasing due to Covid-19 impacting sales, Food Empire was able to sequentially improve from 2QFY2020 onwards and reported record FY2020 results. The company&rsquo s FY2020 earnings increased by 2.9% to US$26.5 million ($35.2 million) due to better margins, which management attributes to solving the operational and logistical issues caused by the pandemic and lower marketing and administrative costs. Food Empire declared record dividends of 2.2 cents per ordinary share for the period. Seet expects the improved margins and increasing demand to underpin a strong rebound for Food Empire&rsquo s FY2021 performance. &ldquo We expect demand to remain resilient, and increase in FY2021. Note that 4Q20 profitability was 11.5% stronger on a q-o-q basis. Going forward, management has also revealed that marketing and administrative costs are likely to remain low this year, even though revenue is likely to rebound further,&rdquo he writes. In addition, the company will likely benefit from the appreciation of the ruble in November 2020, given its position as a market leader in Russia. To this end, Food Empire remains one of Seet&rsquo s top sector picks, given that the company is undervalued compared to its peers. &ldquo At 11 times FY2021 price-to-earnings (P/E), Food Empire is among the cheapest consumer staples players with a proven track record. Note that its peers are trading at 20-30x P/Es. With the company being a market leader in Russia and Ukraine, we remain bullish on its outlook, and maintain a &lsquo buy&rsquo call,&rdquo Seet writes. &ldquo Privatisation may be a possibility, given its undervalued status. Management has also been aggressively buying back shares in Dec 2020 and Jan 2021. The last share buyback price was at 76 cents per unit &ndash on Jan 21, before the black-out period. We expect this to continue, as management believes the stock is deeply undervalued vs its peers and acquisition targets,&rdquo he adds. |
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WBdisciple
Elite |
26-Feb-2021 10:31
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Share buyback continues for Food Empire: 150,000 at SGD 0.91485 | ||||
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WBdisciple
Elite |
16-Feb-2021 06:26
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another analyst report saying possible takeover offer or privatisation of the company. https://www.theedgesingapore.com/capital/brokers-calls/buy-food-empire-holdings-expectations-record-earnings-uob-kay-hian Target: S$1.30 - ' Buy' Food Empire Holdings on expectations of ' record earnings' : UOB Kay Hian UOB Kay Hian analysts John Cheong and Clement Ho have maintained &ldquo buy&rdquo on Food Empire, as they both &ldquo expect another year of record earnings&rdquo for the company. On that, the analysts have also upped Food Empire&rsquo s target price by 37% to $1.30 from 95 cents previously, on the company&rsquo s &ldquo compelling valuation&rdquo . &ldquo While the share price has increased 22% since we raised our target price on Jan 18, we see room for upside as valuation remains attractive at 12 times FY2021 price-to-earnings (P/E) vs peers&rsquo average of 25 times,&rdquo they write in a report dated Feb 9. Due to the company&rsquo s &ldquo resilient&rdquo core earnings, and leading position in its core markets in Eastern Europe, as well as growing presence in Vietnam, its second-largest market, Cheong and Ho believe the valuation between Food Empire and its peers will narrow. Given the stock&rsquo s lower valuation, Cheong and Ho believe there is a possibility of a takeover offer or privatisation of the company. &ldquo In addition, in the past, SGX-listed peers including Super Group and Viz Branz were acquired and privatised at significantly higher valuations of 30.0 times and 16.4 times respectively,&rdquo they note. &ldquo We raise our target price to $1.30 on a higher valuation multiple of 16.6 times FY2021 P/E, or 1 standard deviation above its historical average mean P/E, as we opine the group deserves to trade at a higher valuation,&rdquo they add. The analysts also expect &ldquo another record year for core earnings, underpinned by an improvement in margins&rdquo . Despite the lockdowns in Food Empire&rsquo s core markets, Cheong and Ho see the company&rsquo s lower revenue being offset by better margins due to hikes in its average selling prices (ASPs) and cost management. &ldquo As such, our forecast incorporates 10.2% y-o-y growth in core earnings to US$28 million ($37.1 million) for 2020, the group&rsquo s highest level of core net profit (excluding forex loss) since its listing,&rdquo they say. Cheong and Ho have also maintained their net profit forecasts for 2021 and 2022 at US$31 million and US$33 million respectively. The company has yet to announce its results for 4QFY2020, but the analysts believe that investors can expect a &ldquo strong set a results&rdquo due to the company&rsquo s &ldquo aggressive&rdquo buybacks. The company has bought 3.3 million shares or 0.6% of its share base since the beginning of the buyback mandate on April 23, 2020. &ldquo This was mainly carried out in 4QFY2020 to January [this year] when Food Empire Holdings bought back around 3 million shares for around $2 million, potentially signalling a strong set of results for 4QFY2020 and confidence in its business outlook in 2021,&rdquo they write. |
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tccroy
Elite |
15-Feb-2021 14:18
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Coming up stronger after last week retreat | ||||
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WBdisciple
Elite |
15-Feb-2021 09:54
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Wilmar&rsquo s (another fav of mine) FY2020 results is on 22 Feb&hellip all the best! https://www.businesstimes.com.sg/companies-markets/maybank-ke-raises-wilmar-target-price-on-potential-q4-surprises https://www.theedgesingapore.com/capital/brokers-calls/uob-kh-raises-wilmars-core-net-profit-forecast-tp-better-expected-contribution |
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WBdisciple
Elite |
09-Feb-2021 10:05
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Hope folks here have made money since i started this FOOD EMPIRE thread at 71 cents..Huat ah and good health for the year of the Ox!
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SmallSmall
Supreme |
09-Feb-2021 09:05
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Another upgrade this morning....:) Chiong ah ! $1.00 here we come
Food Empire Holdings (FEHSP/BUY/S$0.955/Target: S$1.30) Expect another year of record earnings raise target price by 37% to S$1.30.
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