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Any insights on this counter? Seems like it been trading sideways for the past week.
You made me happy! Cheers!!
appleronaldo ( Date: 18-Jun-2016 07:54) Posted:
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From what i read, Cafe Bene is likely to affect her bottom negatively in 2nd quarer result. Hope the indo china market can give some sense of protection but brexit/fed raising rate will accelerate currency depreciation across asia which doesn' t bode well for food empire
this one next bestworld?
sorry. i think should be in August.
Feverfire ( Date: 17-Jun-2016 12:21) Posted:
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awaiting for the 2nd quarter to be out in July.
CHIONG LA
Good buying opportunity.
It's your call bro. I can't keep buying. I'm under surveillance by my compliance. =(
think2profit ( Date: 31-May-2016 09:50) Posted:
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Buy in dip?
Feverfire ( Date: 31-May-2016 08:22) Posted:
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Relax bro. 40 cents is easily attainable. I'm looking at a tp of 52 cents.
Secret_Squirrel ( Date: 31-May-2016 00:24) Posted:
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Today closing at 37.5 cents up 4 cents. Highest at 38 cents.
Hopefully can chiong some more
Feverfire ( Date: 28-May-2016 19:40) Posted:
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Why not. CF is increasing compared to past year. At least 40 cents in near term.
Up 3 cents close ar 33.5 cents. Highest at 35 cents yesterday.
Is this price sustainable?
Secret_Squirrel ( Date: 24-May-2016 21:06) Posted:
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Still 31 cents after 1 week.
yuncong ( Date: 17-May-2016 20:43) Posted:
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The major risk is fx. But looks like short term usd is dovish. So upcoming revenues will be good.
Vested.
Vested.
Price currently at .31
Day one of white candle
Close the highest of all
May continue to march higher
Can watchlist it
Day one of white candle
Close the highest of all
May continue to march higher
Can watchlist it
commentary at the date of the announcement of the significant trends and competitive
conditions of the industry in which the group operates and any known factors or events that
may affect the group in the next reporting period and the next 12 months.
Global oil prices continue to remain volatile amid concerns of global oversupply and the weak global
economic outlook. As a result, currencies of the Group&rsquo s key markets such as Russia and Ukraine
remain vulnerable and may affect the Group&rsquo s financial performance in the foreseeable future.
On the other hand, the Group has achieved meaningful geographical diversification with its
breakthrough in Indochina and will continue to nurture and develop these new markets. Efforts are
also underway to push for an expansion of its product portfolio, particularly in the coffee and beverage
capsule business through the production, marketing and distribution of its proprietary &ldquo Coffee One&rdquo and
Nespresso compatible systems.
The Group will continue to bring up the utilisation levels of all its upstream projects, which include the
non-dairy creamer plant, snack factory, the beverage manufacturing facility in Malaysia and the instant
coffee plant in India. It will also intensify marketing efforts in FY2016 to achieve better operational and
financial performance.
As announced on 18 March 2016, as part of the Group&rsquo s growth plans to move into the downstream
business, it has successfully taken a minority stake in Caffebene Co., Ltd. (&ldquo Caffebene&rdquo ), one of South
Korea&rsquo s largest coffee house chains via the subscription of new shares by its 51% owned subsidiary,
Hallyu Ventures Pte Ltd. The Group is working with Caffebene to explore commercial and strategic
opportunities.
Balance Sheet & Cashflow
Inventories increased from US$40.1 million at 31 December 2015 to US$45.4 million as at 31 March
2016 due to translation gain of inventories held in currencies other than the US dollar, slow down of
sales in the CIS countries and a change in business processes from distributor importer to direct import
model for our operations in Kazakhstan.
Investments in associates increased from US$7.6 million as at 31 December 2015 to US$15.9 million
as at 31 March 2016 due to the Group&rsquo s investment in Caffebene Co., Ltd.
The Group&rsquo s borrowings were US$44.1 million as at 31 March 2016, compared to US$39.5 million as at
31 December 2015. This increase was largely attributed to additional trade loans taken up for the
Group&rsquo s India operations as well as for the Group&rsquo s investment in Caffebene Co., Ltd.
The Group&rsquo s net operating cash flow position improved, with a net operating cash inflow of US$0.6
million in 1Q2016, compared to a net operating cash outflow of US$3.9 million in 1Q2015. The Group&rsquo s
cash and cash equivalents was US$24.1 million as at 31 March 2016, compared to US$27.5 million as
at 31 December 2015.
The Group&rsquo s net assets as at 31 March 2016 were US$143.1 million. The net asset value per ordinary
share (excluding non-controlling interests) as at 31 March 2016 was 26.77 US cents as compared to
25.78 US cents as at 31 December 2015.
Profitability
For 1Q2016, the Group recorded a net profit after tax of US$3.9 million compared to a net loss after tax
of US$4.5 million in 1Q2015 mainly due to more favourable exchange rates coupled with higher selling
prices.
For 1Q2016, selling and distribution expenses decreased by US$1.0 million from US$8.7 million in
1Q2015 to US$7.7 million. The decrease was mainly attributed to lower expenses for advertising and
promotion activities.
In 1Q2016, the Ukrainian Hryvnia weakened from 23.9 Hryvnia per US dollar on 31 December 2015 to
26.2 Hryvnia per US dollar on 31 March 2016. Over the same period, the Russian Ruble strengthened
to 67.6 Ruble per US dollar on 31 March 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.