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Food Empire
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Food Empire
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muifan
Supreme |
15-Feb-2023 09:41
Yells: "Take the leap of faith dont regret 20 years later!" |
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Look at cfm result today ...quite similar to anticipated food empire result ... asset disposal , no dividend declared and cfm moved 15% ... according to Maybank food empire is expected to declare specia dividend... and the coy is in a resilient sector... the bbs should be eyeing this ... |
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muifan
Supreme |
15-Feb-2023 09:15
Yells: "Take the leap of faith dont regret 20 years later!" |
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I rem last year when samudera cross over 80c.. it was fast and furious to 90c + as the result get nearer... now this food empire is moving above kayhian target 78c... it means something... |
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muifan
Supreme |
14-Feb-2023 15:15
Yells: "Take the leap of faith dont regret 20 years later!" |
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Many retails offloaded at 78c uob target price .. now the ball is all in Bb court ... hopefully this is the samudera of 2023 supported by bumper dividend...
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sengkang
Master |
14-Feb-2023 12:10
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First 9M2022 Net Profit After Tax = UD$49.64m. Likely NPAT FY2022 guesstimated at around UD$61.0m or eps of US$ 11.1c or sgd 14.6c PE is about 5.3 x at present price level of 78c. If exclude factory sale profit, eps is abt 10.9c with PE of 7.1 x.
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Joelton
Supreme |
14-Feb-2023 09:38
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Food Empire expects to report ' substantially higher' profit after tax for FY2022
The group is expected to release its results for the full year on or around Feb 27.
Food Empire F03 1.31% says it expects to report a &ldquo substantially higher&rdquo profit after tax for the FY2022 ended Dec 31, 2022.
The increase was mainly due to better operating profit and a one-off gain from the disposal of a non-core asset, says the group.
In its 9MFY2022 results, Food Empire revealed that it made US$15.0 million ($19.9 million) from the same disposal. The group had sold its light industrial building in Toa Payoh, Food Empire Building, to a wholly-owned subsidiary of Lian Beng Group for $49.3 million in June 2022.
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Joelton
Supreme |
14-Feb-2023 09:38
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Maybank initiates coverage on Food Empire with ' buy' call and $1.20 target price, says special dividend is likely
Jarick Seet of Maybank Securities has initiated coverage on Food Empire with a &ldquo buy&rdquo call and $1.20 target price, citing the instant beverage maker&rsquo s cheap valuations, prospects of a special dividend, and a chance that it is a takeover target.
Seet notes that Food Empire trades at just 7.4x core FY22 earnings, nearly a quarter that of global peer average&rsquo s 27x. His target price of $1.20 is pegged to 11x earnings.
&ldquo We think Food Empire&rsquo s business model has shown its resilience and should continue to enjoy decent growth going forward,&rdquo writes Seet in his Feb 13 report.
The war between Ukraine and Russia &ndash both of which are key Food Empire markets &ndash has not hurt the company&rsquo s earnings.
For its 9MFY2022 ended Sept, the company managed to grow its revenue by 27% y-o-y to US$286 million. Besides higher sales, the company enjoyed better margins too.
&ldquo A ceasefire or the end of the conflict could result in a major stock re-rating, in our view. While Food Empire not subject to sanctions, its valuation took a huge hit when war broke out and could recover sharply on a truce, we believe,&rdquo says Seet.
For the coming FY2022, Food Empire is likely to give a special dividend, drawing partly from the proceeds of the sale of a building, says Seet, who is forecasting a total FY2022 distribution of 4 cents, which translates into a yield of more than 5%.
Seet also observes that Food Empire has been buying back shares at as high as 82 cents, with some 5.95 million bought back to date.
Citing how Food Empire is trading at just 7.4x core earnings, a &ldquo steep discount&rdquo off both listed and privately held peers, Seet believes that the company is an attractive acquisition target by the bigger players, eyeing its existing presence in Russia and Vietnam.
Super Coffee, which was another Singapore-listed instant beverage maker, was taken over in 2017 by Netherlands-based Jacobs Douwe Egberts for $1.35 billion, which implies a valuation of 30x.
Separately, Food Empire, in an after-market announcement, says that earnings for FY2022 is likely to be &ldquo substantially&rdquo higher versus the preceding year.
&ldquo The substantial increase in the group&rsquo s profit after tax for FY2022 was mainly attributable to better operating profit and one-off gain from the disposal of non-core asset,&rdquo says Food Empire, without referring directly to the sale of the building.
The company expects to release its earnings on or around Feb 27.
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muifan
Supreme |
14-Feb-2023 08:52
Yells: "Take the leap of faith dont regret 20 years later!" |
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Maybank reported say possible 4c special dividend will be declared.. even share price at 95c is still a very attractive 4.2% yield !
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muifan
Supreme |
13-Feb-2023 17:26
Yells: "Take the leap of faith dont regret 20 years later!" |
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Wow profit guidance ... | ||||||||||||
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superstartup
Supreme |
13-Feb-2023 11:36
Yells: "Enjoy doing Fundamental Research" |
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Just sharing only. Please perform your own DD
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superstartup
Supreme |
13-Feb-2023 11:34
Yells: "Enjoy doing Fundamental Research" |
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This one much higher chance of privatisation than all the other hyped up counters. Super Group (best known as the 3-in-1 coffee) was taken private at 30 times earnings " The offer is widely expected to succeed, with analysts generally giving thumbs up for the pricing. DBS described the valuation, at 30 times earnings, as " rich" , given the currently challenging operating environment." https://www.businesstimes.com.sg/companies-markets/super-group-going-dutch-s145b-privatisation-offer Info. only. |
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Huataarrhh
Senior |
13-Feb-2023 09:54
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This is a new initiation report by Maybank. This analyst just joined from RHB and his last tp was 0.95 https://www.theedgesingapore.com/capital/brokers-calls/rhb-maintains-buy-call-food-empire-sale-its-industrial-office
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muifan
Supreme |
13-Feb-2023 09:42
Yells: "Take the leap of faith dont regret 20 years later!" |
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Is this an upgrade from their previous tp? thank you
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muifan
Supreme |
13-Feb-2023 09:13
Yells: "Take the leap of faith dont regret 20 years later!" |
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wow $1.20... ok thank you ..no wonder gap up today...
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Huataarrhh
Senior |
13-Feb-2023 09:10
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Maybank initiate coverage
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muifan
Supreme |
13-Feb-2023 09:07
Yells: "Take the leap of faith dont regret 20 years later!" |
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whats up with this? Anticipating upcoming result release? |
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sengkang
Master |
10-Feb-2023 18:18
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High 77.0c - Low 74.5c - Close 76.5c Traded volume [10/02/23] = 637.4m shares Next week 80c coming?
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chiachiawee
Elite |
08-Feb-2023 13:20
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Always be nimble, people. UOBKH reports came at this time while their TP remains 0.78. It has reached my midpoint where I would expect profit taking. cheers. | ||||||||||||
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sengkang
Master |
08-Feb-2023 10:06
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Breaking past 75.5c this morning. Uobkh analysts say buy. |
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muifan
Supreme |
02-Feb-2023 10:03
Yells: "Take the leap of faith dont regret 20 years later!" |
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Broke out of long consolidation .. hopefully can cross over 80c Then can see $1 ... |
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sengkang
Master |
26-Jan-2023 17:14
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Hit new high of 71.5c before closing at 71.0c today [26/1/23] Volume traded 630.5m. Looking good. Huat ah!
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