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oversold ....
Even this may be a short disruption the consumers are now displaced and loads have moved and would be moving to neighbouring countries. Would there still be spending power during such times? Would the products be available anytime soon?
Of course the company cannot and would not inform you of the dire war disruptions in the two major markets. Furthermore is there cash or credit available in Russia to spend on coffee?
I would like to learn of other views.
Of course the company cannot and would not inform you of the dire war disruptions in the two major markets. Furthermore is there cash or credit available in Russia to spend on coffee?
I would like to learn of other views.
Dannkh ( Date: 03-Mar-2022 11:02) Posted:
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Dividend yield is abt 4.6% including the special dividend. @ 48c.
Joelton ( Date: 03-Mar-2022 09:12) Posted:
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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.
Now, it' s the uncertainty scenario caused by the Russia-Ukraine war - a far worse scenario, since both Russia and Ukraine are their major markets. Hearsay, share price dropped to 20 cents in the previous war distress scenario (Food Empire was probably smaller then ...). Not vested! (Wasted, forget to short by CFD when it was 58 cts)
tedlim ( Date: 02-Mar-2022 08:52) Posted:
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There probably also will be.consequences for FE due to our government sanction and statement of Russia and what our diplomat did in UN. It is all over social media..........
PQTPQK ( Date: 02-Mar-2022 09:13) Posted:
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down alot.... any price can try ?
Selling Seems overdone...last time touch 45 cents was during COVID-19 outbreak period in March 2020
don' t think russia produce coffee bean. sugar ok.
think they have to come up with new products using local ingrediets as replacement.
in such situations it may just be a new grow area.
instant or prepack (can or tetra pack) russian caravan, kalymk,yorsh, sbiten?
think they have to come up with new products using local ingrediets as replacement.
in such situations it may just be a new grow area.
instant or prepack (can or tetra pack) russian caravan, kalymk,yorsh, sbiten?
simple
1) they have a warehouse in Russia and can continue manufacturing the product and serve market there.
2) remove the currency equation by using the Ruble to source for raw material within Russia.... No exchange loss till situation improves.
1) they have a warehouse in Russia and can continue manufacturing the product and serve market there.
2) remove the currency equation by using the Ruble to source for raw material within Russia.... No exchange loss till situation improves.
vicloo ( Date: 28-Feb-2022 18:33) Posted:
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2 potential problems...1) can food empire still export instant coffee to Russia with so many nations impose sanction, 2) Ruble dropped so much... Food empire needs to get payment in USD.
desmondxyz ( Date: 28-Feb-2022 16:38) Posted:
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Maybe army needs more coffee to stay alert?
Singapore to impose sanctions on Russia, will continue to take strong stance against invasion of Ukraine: Vivian Balakrishnan
Just had a read on their 2020 annual report. Russia, Ukraine and Kazakhstan are their core markets. 2 out of 3.
Russia-Ukraine tension overshadows Food Empire' s results net profit dips 27.2%
SINGAPORE companies have been mostly coy when asked about their exposure to Russia and Ukraine but the results announcement by Food Empire on Thursday (Feb 24) gave a glimpse of what they are facing.
" Although the current raft of sanctions are unlikely to have a direct or immediate impact on business prospects in the Ukraine and Russia markets, it will have an adverse impact on the volatility of the exchange rates of the Russian ruble and Ukrainian hryvnia.
" This will further exert inflationary pressure on commodities prices and energy costs," said the food and beverage manufacturer.
Food Empire had seen improvements in the sales and demand for its products for the financial year ended December 2021, but the group' s performance had been overshadowed by the tension between Russia and Ukraine.
Russia' s invasion of Ukraine on Thursday has seen the US and its allies imposing economic sanctions on Russia.
" While details of prospective sanctions remain unclear, such new developments will compound the challenges faced by the group and present a more difficult operating environment going forward," it said, adding that " it is closely monitoring the fluid situation and will do its best to manage" .
Food Empire remains confident that its local manufacturing facilities across all its markets including Russia and Ukraine will be able meet the demands of consumers.
Food Empire posted a 27.2 per cent dip in net profit to US$19.5 million, due to due to lower margins as a result of higher commodity costs and ocean freight rates.
Higher depreciation expenses were also incurred from its new freeze dry coffee plant in India.
Earnings per share for the full year came in at 3.64 US cents versus 5.01 US cents a year earlier.
Revenue for the full year rose 17.5 per cent to US$320.6 million as contributions from Russia - its largest market - rose amid easing pandemic restrictions. Revenue from Russia grew 15.4 per cent to US$114.9 million.
" The resilient performance in Russia was achieved in spite of challenging environment including the ongoing pandemic, geo-political tensions and currency devaluation," said Food Empire. For the group' s Ukraine, Kazakhstan and CIS (Commonwealth of Independent States) markets, revenue rose 5.7 per cent to US$71.7 million.
Food Empire' s South-east Asia, South Asia and other markets also recorded higher revenues, advancing 19.5 per cent, 140.8 per cent and 14.3 per cent respectively.
Food Empire said that it is expecting businesses in Vietnam and Malaysia to improve as lockdown measures ease. Meanwhile demand for the group' s newly commissioned freeze dry coffee plant in India has shown strong growth and is expected to reach optimal production capacity.
The company recommended a first and final dividend of 1.62 Singapore cents a share, lower than the 2.2 cents for 2020. A 0.58 cent a share special dividend for FY2021 was also proposed. Shares of Food Empire ended Thursday at S$0.58, down S$0.035 or 5.7 per cent.
How come closing up ? War won't affect the market ?
ozone2002 ( Date: 24-Feb-2022 16:09) Posted:
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Food Empire reports record revenue of US$320.6 million in
FY2021 amid another challenging year of Covid-19 restrictions
and supply chain disruptions
? Group revenue crossed US$300 million for the first time, increasing 17.5% to US$320.6 million
as each of the Group?s key markets registered growth in FY2021 despite challenging operating
environment.
? Margins was impacted mainly due to inflationary pressure on commodity and freight coupled
with supply chain disruption.
? Proposed dividend of 2.2 Singapore cents per ordinary share, comprising a first and final
dividend of 1.62 Singapore cent per ordinary share and a special dividend of 0.58 Singapore
cent per ordinary share.
? Moving forward, the Group will continue to focus on strengthening revenue growth and
optimising profitability while closely monitoring the situation including costs and supply chain.
? The management is closely monitoring the fluid Russia and Ukraine conflict and will do its best
to manage....https://links.sgx.com/1.0.0/corporate-announcements/26FJCXDU4CFDGVTH/703604_Press%20Release%20FY2021.pdf
Last:0.565 
-0.05
targetting 20c like the previous Ukraine incident few years back
gD luck dyodd
-0.05targetting 20c like the previous Ukraine incident few years back
gD luck dyodd
ozone2002 ( Date: 23-Feb-2022 18:59) Posted:
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GSS on food empire 🙄
Key word you striked "once uncertainty is resolved"... B4 that happen, it can dive to 50c first
sengkang ( Date: 23-Feb-2022 15:58) Posted:
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