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nice closing
Ask anthony, he seems to know everything about FE.
For me , i will put in my watchlist till they reduce their earning in eastern europe, more on indochina, asia.
These countries seems risky imo ask the impact of brexit and trump has not really surface yet.
guards80 ( Date: 14-Nov-2016 15:30) Posted:
no power already rolling back?
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no power already rolling back?
From page 16 of its 3Q 2016 announcement:-
In 9M2016, the Ukrainian Hryvnia weakened from 23.9 Hryvnia per US dollar on 31 December 2015 to 25.9 Hryvnia per US dollar on 30 September 2016. Over the same period, the Russian Ruble strengthened to 63.2 Ruble per US dollar on 30 September 2016, compared with 72.9 Ruble per US dollar on 31 December 2015. As the Group is economically exposed to both markets, it was affected by the revaluation of its outstanding trade receivables denominated in currencies other than the US dollar.
going strong...40 cts not a problem
if not becos of the ukraine issue, i wpuld have bought in a lot for this Food Empire.
i think it is run by a decent management
A good 3Q 2016 results give the viagra boost effects to its share price now..
http://infopub.sgx.com/FileOpen/3Q%2016%20SGX%20Announcement.ashx?App=Announcement& FileID=429117
Perfect.
Q3 good but overall 9mths so-so only.
Right now, they are venturing into indochina and sk, so it will take time for establishment to settle.
As you can see " Capital injection in an associate (USD7,831,000)"
A good 3Q result.
Trump won the election. Roubles and Russian stock had rebounced.
The stronger currency of Russia will hopefully improve FE profit.
Feverfire ( Date: 08-Nov-2016 20:23) Posted:
the focus here should be indochina and s.korea.
FE want to diversify away from Russia and Ukraine.
So right now, earning wont be that great till they full establish in asia.
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the focus here should be indochina and s.korea.
FE want to diversify away from Russia and Ukraine.
So right now, earning wont be that great till they full establish in asia.
Russia currency not strong. so there wasn' t much profit to be made there.
If Russia go for war with EU ?...no food to eat only bullets to chew....
SmallSmall ( Date: 07-Nov-2016 07:13) Posted:
Featured on ST today
PLENTY ON OFFER
Companies with strong regional branding and distribution will be especially attractive to foreign buyers looking to establish a foothold, "similar to the dynamics between JDE and Super", Mr Teo added.
And with Super under the spotlight, Food Empire will likely draw some comparison.
Food Empire has a price-to-earnings ratio of 36.1 and a market capitalisation of about $162.5 million. It runs nine manufacturing plants in countries as far away as Ukraine, and exports its instant beverage and snack products to over 50 countries, with Russia its main market.
The company's biggest shareholder is Universal Integrated Corporation - or UIC - which owns a 24.79 per cent stake, while founder and chairman Tan Wang Cheow controls 9.84 per cent.
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Featured on ST today
PLENTY ON OFFER
Companies with strong regional branding and distribution will be especially attractive to foreign buyers looking to establish a foothold, "similar to the dynamics between JDE and Super", Mr Teo added.
And with Super under the spotlight, Food Empire will likely draw some comparison.
Food Empire has a price-to-earnings ratio of 36.1 and a market capitalisation of about $162.5 million. It runs nine manufacturing plants in countries as far away as Ukraine, and exports its instant beverage and snack products to over 50 countries, with Russia its main market.
The company's biggest shareholder is Universal Integrated Corporation - or UIC - which owns a 24.79 per cent stake, while founder and chairman Tan Wang Cheow controls 9.84 per cent.
volume and price start to rise.
I think it is wishfully thinking after Super is courted by another company.
SmallSmall ( Date: 03-Nov-2016 15:23) Posted:
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Another 3 in 1 company.
Written by Leong Chan Teik
Published: 23 October 2016
Last week at SIAL, the global food event held once in two years. Food Empire CFO William Fong (2nd from left), executive chairman Tan Wang Cheow (4th from left) with Myint Soe (Myanmar, extreme left) and Caffe Bene CEO Choi Seung-Woo (South Korea, second from right).
Food Empire executive chairman Tan Wang Cheow at the company' s booth which has a prominent 3-D name banner.
Food Empire CEO Sudeep Nair (extreme left)and CFO William Fong.Photos courtesy of Food Empire
Event: SIAL, the world&rsquo s No. 1 food exhibition.
Venue: Paris.
Date: 16 to 20 Oct 2016.
SINGAPORE-LISTED Food Empire once again made a beeline to one of the world' s biggest events for food producers and buyers, SIAL in Paris, which attracted more than 7,000 exhibitors from 100 countries.
Reaching out to a widely-dispersed network of potential customers is central to Food Empire' s business. It already exports to over 50 countries, mainly 3-in-1 instant coffee and frozen finger food.
In addition to consumer retail products, Food Empire also sells raw ingredients such as instant coffee and non-dairy creamer to other food manufacturers.
It has been seeking growth in markets such as IndoChina and East Asia to diversify its presence. This strategy has become more pronounced as its traditional strongholds such as Russia have been impacted by local currency and economic volatility in recent years.
Food Empire chief operating officer Tan Joon Hong (extreme left), and CFO William Fong with Abhishek Rana (extreme right) and Abhishek Gupta (furthest right). The latter two are in charge of Food Empire' s businesses in Dubai and Africa.In new markets, Food Empire may localise the flavors of some of its products to win consumers.
Its success has won accolades, including being recognised last month (Sept) as being among the &ldquo Top 100 Singapore Brands&rdquo by Brand Finance, the world&rsquo s leading independent intangible asset and brand valuation consultant.
It has been consistently ranked the leading 3-in1 instant coffee brand in the Group&rsquo s core markets of Russia, Ukraine and Kazakhstan.
Coffee One -- new product from Food Empire for making freshly-brewed coffee from capasules.
A new product that Food Empire promoted this year at SIAL is its proprietary CoffeeOne system: Its own coffee-making machines for home and office use with its own coffee capsules to go with them.
Getting one' s cup of freshly-brewed coffee from capsules has been a growing trend in the last decade in Europe and North America, popularised by Nestle (the brand behind Nespresso).
In 2015, it entered into a joint venture with an Italian company to manufacture Nespresso-compatible capsules for owners of Nespresso machines.
Frozen finger food (such as shrimp hakao, and dim sum) from Food Empire under the brand of OrienBites.
Food Empire executive chairman Tan Wang Cheow with the team from the company' s plant in Johor which produces potato chips, non-diary creamer and 3-in-1 coffee.
Any reasons to run up on Monday?
johnng ( Date: 07-Oct-2016 18:55) Posted:
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See monday can run up
if i the boss, i will open a club here with east euros talents
