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Food Empire Last:2.32 -

Food Empire

Think this one have to do tons of homework if want to pick the bottom. Most impt is their exposure to USD and Euro. Understand that their reporting currency is USD. Any breakdown on how much liabilities and payables are in USD? And how much cash and cash equivalents in USD that are not yet frozen?

Yes. It was widely reported this morning. My take is FE will be hit hard by this. Things are escalating.

Dannkh ( Date: 11-Mar-2022 15:35) Posted:

I understand Putin is going to sign a decree against all businesses/assets own by
entities from its list of unfriendly nations ( of which Singapore is listed as unfriendly) by
confisicating them.
Management must come out fast to explain to investors/ shareholders the worst case
impact on Food Empire in the event of such move by Russia.
Too much uncertainty & risk. Dyodd.

chiachiawee ( Date: 11-Mar-2022 10:40) Posted:

This one gone case la. Management is heaving big head now trying to solve the situation I guess. Think they are just hoping the market trivializes the impact of war on them. This was once a darling but not now. Any person with a sound mind will know how severe the impact is. Market will switch to other F& B Counter with solid revenue and earnings. cheers

I understand Putin is going to sign a decree against all businesses/assets own by
entities from its list of unfriendly nations ( of which Singapore is listed as unfriendly) by
confisicating them.
Management must come out fast to explain to investors/ shareholders the worst case
impact on Food Empire in the event of such move by Russia.
Too much uncertainty & risk. Dyodd.

chiachiawee ( Date: 11-Mar-2022 10:40) Posted:

This one gone case la. Management is heaving big head now trying to solve the situation I guess. Think they are just hoping the market trivializes the impact of war on them. This was once a darling but not now. Any person with a sound mind will know how severe the impact is. Market will switch to other F& B Counter with solid revenue and earnings. cheers.

ahberngh ( Date: 11-Mar-2022 10:31) Posted:

It has dropped a lot.

I was thinking of nibbling, but after further consideration, decided not to.

I think it has further down to go. Current situation is probbaly devastating for them, it will take

a long time to recover, I think.

Agree with your comments on bbs. They are used to inflicitng suffering on retailers.

What goes around comes around

This one gone case la. Management is heaving big head now trying to solve the situation I guess. Think they are just hoping the market trivializes the impact of war on them. This was once a darling but not now. Any person with a sound mind will know how severe the impact is. Market will switch to other F& B Counter with solid revenue and earnings. cheers.

ahberngh ( Date: 11-Mar-2022 10:31) Posted:

It has dropped a lot.

I was thinking of nibbling, but after further consideration, decided not to.

I think it has further down to go. Current situation is probbaly devastating for them, it will take

a long time to recover, I think.

Agree with your comments on bbs. They are used to inflicitng suffering on retailers.

What goes around comes around.

RichardTeo ( Date: 10-Mar-2022 15:19) Posted:

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It has dropped a lot.

I was thinking of nibbling, but after further consideration, decided not to.

I think it has further down to go. Current situation is probbaly devastating for them, it will take

a long time to recover, I think.

Agree with your comments on bbs. They are used to inflicitng suffering on retailers.

What goes around comes around.

RichardTeo ( Date: 10-Mar-2022 15:19) Posted:

--- Post Removed by User ---

Just saw a director transfer his FE shares from Hongleong finance nominee to his own name on SGX. Is it because of Singapore sanctions or Russian sanctions or just Hongleong want to play safe?

Technical correction from its 99c peak on 7th April 2021.
Consolidation in progress altho support is at 42c.
For deep pocketed investors monitor and makes smallbites for longer term hold.
Should recover once the Russian " emperor" and Ukrainians decide to smoke the peace pipes.
Dyodd as usual

RichardTeo ( Date: 10-Mar-2022 15:19) Posted:

--- Post Removed by User ---

Day high. Hope it' s the share buyback. Then more upside can be seen. Their last share buy back was at $0.76243 in Jan 2022.
Then stop because of blackout period before results

SmallSmall ( Date: 10-Mar-2022 14:31) Posted:

They just renewed share buyback on 10 March 2022.
See if they execute the share buybacks.
Does looks attractive based on technicals

I think very difficult for this to come back again
Their market all in Ukraine Russia unfortunately
Quite similar to Yoma
Once Myanmar gone Yoma also gone
Although food empire has good mgt all the years with good growth n profits but now the war somehow has impacted food empire and we don?t know how bad it is going to be
Refugees all ran off and who is going consume coffee?

War ending soon, FE moving back to above 60c very very soon 👆 👍 👍 👍 😁

I thought going into Russia, Ukraine region was an active choice made by management? Nobody forced them to.

Management fully aware of the geopolitical risk in those volatile regions.

LowLow12 ( Date: 04-Mar-2022 11:13) Posted:

This one really suay
Busines mainly in ukraine russia side
May god bless Food empire
I dont know how badly it can be impacted if the war become super long affair

SGP punches above its weight. Can SGP scarifice Food Empire for US and its allies?????

Observers ( Date: 04-Mar-2022 10:35) Posted:

Better don' t let the russians know their coffee owned by singapore shareholders. Esp after all that hugging and majulah by the Ukrainian UN rep.

sengkang ( Date: 03-Mar-2022 17:12) Posted:

Russia is now having currency control due to economic sanctions. May last for a long time.
Transactions of forex difficulty will affect the business model of Food Empire
Slightly similar problems in Ukraine and even the CIS markets which trade in Rubles.
Big big headache for the FE bosses.
More tha 60 pctof their market affected, sebei siong

Better don' t let the russians know their coffee owned by singapore shareholders. Esp after all that hugging and majulah by the Ukrainian UN rep.

sengkang ( Date: 03-Mar-2022 17:12) Posted:

Russia is now having currency control due to economic sanctions. May last for a long time.
Transactions of forex difficulty will affect the business model of Food Empire
Slightly similar problems in Ukraine and even the CIS markets which trade in Rubles.
Big big headache for the FE bosses.
More tha 60 pctof their market affected, sebei siong 1

ozone2002 ( Date: 03-Mar-2022 16:36) Posted:

Damage control to soften the blow
demand will drop in Ukraine, unless the soldiers endorse their packet coffee satchets
target 20c
gd luck dyod

Only way food empire can to sustain revenue is to accept only USD, EURO or Gold payment term to sell to Russia... Not sure if its customers willing to pay this way... Challenge in getting shipment going russia too 😒 🤔

sengkang ( Date: 03-Mar-2022 17:12) Posted:

Russia is now having currency control due to economic sanctions. May last for a long time.
Transactions of forex difficulty will affect the business model of Food Empire
Slightly similar problems in Ukraine and even the CIS markets which trade in Rubles.
Big big headache for the FE bosses.
More tha 60 pctof their market affected, sebei siong 1

ozone2002 ( Date: 03-Mar-2022 16:36) Posted:

Damage control to soften the blow
demand will drop in Ukraine, unless the soldiers endorse their packet coffee satchets
target 20c
gd luck dyod

better to stay away till the air is clear.

Russia is now having currency control due to economic sanctions. May last for a long time.
Transactions of forex difficulty will affect the business model of Food Empire
Slightly similar problems in Ukraine and even the CIS markets which trade in Rubles.
Big big headache for the FE bosses.
More tha 60 pctof their market affected, sebei siong 1

ozone2002 ( Date: 03-Mar-2022 16:36) Posted:

Damage control to soften the blow
demand will drop in Ukraine, unless the soldiers endorse their packet coffee satchets
target 20c
gd luck dyodd

Joelton ( Date: 03-Mar-2022 09:12) Posted:

Food Empire not facing any going concern issues from Russia-Ukraine conflict

FOOD and beverage manufacturer Food Empire said it does not foresee any going concern issues stemming from the Russia-Ukraine conflict.

In an update on Wednesday (Mar 2), the company said that operations and sales activities in Ukraine have been suspended. The primary concern of Food Empire is for the safety and well-being of its staff, with no reported damage to equipment or properties so far.

" However, based on the Group' s past experience, in the absence of a massive or permanent change in demographics, consumer demand for food and beverages is likely to remain resilient as they are essential products," said Food Empire.

In Russia, Food Empire' s biggest market, the economic sanctions may have broad implications which are still unclear to the company right now. Russia' s central bank is acting to stabilise the banking system and a number of large local lenders are excluded from the sanctions list, the company noted.

Sanctions are being targeted at the Russian government, banking industry and other sensitive sectors like technology and energy. However, essential sectors like F& B are unlikely to face demand destruction, according to Food Empire.

" Hence, the group remains optimistic about its long-term prospects in Russia."

The company also said it has an experienced management team and a strong balance sheet, adding that it will be actively assessing the impact of the conflict on the business and will roll out measures to mitigate any fallout in affected markets.

" We are working closely with our business heads, partners and banks to understand the issues and will release further announcements to update shareholders at the appropriate time," it said.

This company really suay to the max