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Food Empire: Good target for PE Fund/Delisting
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MBULLISH
Elite |
18-Jan-2021 10:40
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One of the pillow stocks that can sleep soundly without fear going towards $1
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WBdisciple
Elite |
18-Jan-2021 10:30
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Investors are realising that the deep value of Consumer FMCG companies amid the pandemic (and hence we are seeing revived interest in Companies like Wilmar, Japfa and Food Empire... All the best to those vested. |
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WBdisciple
Elite |
13-Jan-2021 13:13
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All the best to those vested...enjoy the uptrend ride.. | ||
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WBdisciple
Elite |
12-Jan-2021 16:16
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More share buybacks...https://foodempire.listedcompany.com/newsroom.html And we continue to see the RISE of Food Empire.. |
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WBdisciple
Elite |
09-Jan-2021 07:16
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Pandemic has shown the business resiliency of such essential FMCG/F& B biz (Food Empire, Japfa, Wilmar). i.e. Consumers will still have to spend on these essentials, in fact these companies will do better as consumer stock pile more during the lockdowns... | ||
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nea03177
Senior |
08-Jan-2021 17:37
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Bought at 0.71. Sellers CIMB CGS and Maybank KE.
DBS recommends buy, potential privatisation subject.
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anthony2978
Member |
08-Jan-2021 17:34
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resis at 78 | ||
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Joelton
Supreme |
08-Jan-2021 17:33
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71 cents is a good closing today! | ||
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WBdisciple
Elite |
08-Jan-2021 15:05
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Share buyback by company almost on a daily basis...(Japfa and Wilmar also have been doing shares buyback) : https://foodempire.listedcompany.com/newsroom.html | ||
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superstartup
Supreme |
08-Jan-2021 11:06
Yells: "Enjoy doing Fundamental Research" |
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Published: 08 January 2021
Food Empire &ndash BUY (Joohijit Kaur & Clement Ho, analysts) Target Price : $0.88 &bull Daily share buy-back underlines confidence in business outlook. Since the start of the buy-back mandate on 23 Apr 20, 2,761,000 shares have been purchased, forming 0.5% of its outstanding shares. This was mainly carried out in 4Q20 and Jan 20 where FEH bought back a total of around 2.5m shares for about S$1.6m, potentially signalling a strong set of results for 4Q20 and confidence in its business outlook in 2021. &bull Compelling valuation. Food Empire trades at an undemanding 9.8x 2021F PE, a significant discount to peers&rsquo average of 20x 2021F PE despite its growing presence in the Vietnam market and leading position in its core markets in Eastern Europe. &bull Resilient product offerings and strong brand equity. Given the low prices, relatively inelastic and consumer-staple nature of its products, Food Empire is likely to be more resilient and sheltered from an economic slowdown, in our view. Additionally, we highlight that in spite of the weaker ruble against the US dollar, the group has managed to mitigate some of the adverse impact on bottom-line through gradual increases in ASP and cost cuts. We are encouraged by the group&rsquo s core earnings (excluding forex) growth of 11.2% yoy in 9M20 despite stringent lockdowns in 2Q20. We believe this is a testament to its strong brand equity in its core markets that has been developed over many years. Share Price Catalysts &bull Events: Stronger-than-expected recovery in volume consumption and improvement in operating leverage. &bull Timeline: 3-6 months. |
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WBdisciple
Elite |
05-Jan-2021 22:54
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Check out analyst reports here: https://foodempire.listedcompany.com/analyst_reports.html
13 Nov 2020 UOBKayHian 3Q20: Beat Expectations Attractive Valuation At 8.1x 2021 PE
13 Nov 2020 RHB Above Expectations
24 Sep 2020 UOBKayHian Positioned For A Sequential Recovery Valuation Is Attractive At 8.6x 2021F PE
Do your own DD...all the best! |
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WBdisciple
Elite |
05-Jan-2021 19:50
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Wilmar has been on the uptrend since my posting...hope those who have vested made good money!!! :) Sharing another company that is on my radar... FOOD EMPIRE.... Food Empire has been conducting share buybacks and Company has build up integrated Food Manufacturing capabilities with a strong brand portfolio, coupled with Strong recurring cashflows with annual dividend payout. Their Vietnam business and brand has been doing very well and it is not easy to penetrate such a highly competitive and dynamic market. Remember SUPER GROUP and VIZ BRANDZ that have either been taken over or delisted.. At S$370 million market cap, they are a good target for PE Funds..
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