QAF    Last:0.99    -0.005

QAF

QAF just announced trading halt a few hours ago. 
Just monitor what they will be announcing.

 

This counter is low VOL..  many long term holder are seriously waiting for them to sell off its Aus meat division.....there is much value there
DYODD

Secret_Squirrel      ( Date: 03-Aug-2020 12:50) Posted: Although last done is 77 cents, there isn' t much seller if you look at the market depth.🤔 FATABA      ( Date: 30-Jul-2020 16:30) Posted: This shut down wld only affect Q3 ....not Q2 result

 

Although last done is 77 cents, there isn' t much seller if you look at the market depth.🤔

FATABA      ( Date: 30-Jul-2020 16:30) Posted: This shut down wld only affect Q3 ....not Q2 result  Secret_Squirrel      ( Date: 30-Jul-2020 16:04) Posted: Results for 2nd quarter should be out soon. Last year result was out on 8 Aug 2019. This counter 进 可 攻 退 可 守

 

This shut down wld only affect Q3 ....not Q2 result 

Secret_Squirrel      ( Date: 30-Jul-2020 16:04) Posted: Results for 2nd quarter should be out soon. Last year result was out on 8 Aug 2019. This counter 进 可 攻 退 可 守   Joelton      ( Date: 27-Jul-2020 09:00) Posted: QAF unit shuts Melbourne meat processing plant after employees catch Covid-19 FOOD manufacturer QAF said on Saturday that the meat processing unit of its Australian pork production business Rivalea has temporarily shut down its processing plant in Laverton, Melbourne with immediate effect.   Rivalea&rsquo s 80 per cent-owned meat processing subsidiary, Diamond Valley Pork (DVP), shut its processing plant after five employees at the plant recorded positive Covid-19 test results.   " As a proactive step, DVP has voluntarily elected to undertake Covid-19 testing of all of its workforce. The shutdown is for a currently undetermined temporary duration," QAF said.   " Contingency plans, which were in place before this development, have been set in motion," it added. " DVP is working with customers to mitigate any supply chain disruptions which may arise from this temporary closure. DVP is undertaking deep cleaning and sanitisation, continues to engage with the relevant government officials and will await the test results before making further decisions."   Rivalea&rsquo s operations, other than at the Laverton processing plant, remain in operation. QF said it will continue monitor the situation closely, with the health and safety of its employees as the priority.   The temporary closure of DVP&rsquo s processing plant in Laverton is not expected to have a material adverse impact on the group&rsquo s financial results for the current financial year.

 

Results for 2nd quarter should be out soon.
Last year result was out on 8 Aug 2019.
This counter 进 可 攻 退 可 守

 

Joelton      ( Date: 27-Jul-2020 09:00) Posted: QAF unit shuts Melbourne meat processing plant after employees catch Covid-19 FOOD manufacturer QAF said on Saturday that the meat processing unit of its Australian pork production business Rivalea has temporarily shut down its processing plant in Laverton, Melbourne with immediate effect.   Rivalea&rsquo s 80 per cent-owned meat processing subsidiary, Diamond Valley Pork (DVP), shut its processing plant after five employees at the plant recorded positive Covid-19 test results.   " As a proactive step, DVP has voluntarily elected to undertake Covid-19 testing of all of its workforce. The shutdown is for a currently undetermined temporary duration," QAF said.   " Contingency plans, which were in place before this development, have been set in motion," it added. " DVP is working with customers to mitigate any supply chain disruptions which may arise from this temporary closure. DVP is undertaking deep cleaning and sanitisation, continues to engage with the relevant government officials and will await the test results before making further decisions."   Rivalea&rsquo s operations, other than at the Laverton processing plant, remain in operation. QF said it will continue monitor the situation closely, with the health and safety of its employees as the priority.   The temporary closure of DVP&rsquo s processing plant in Laverton is not expected to have a material adverse impact on the group&rsquo s financial results for the current financial year.

 

 

Interesting ....48.22% , coming to 50% soon . 

Secret_Squirrel      ( Date: 13-Jul-2020 17:30) Posted: So 78 cents still a good price to enter?  Since the director previously bought at 78 cents. Joelton      ( Date: 06-Jul-2020 09:31) Posted: QAF   Between June 29 and 30, QAF joint group managing director and executive director Lin Kejian acquired 47,600 shares of the listed company for a consideration of S$37,128 at 78 cents per share. He maintains a 48.22 per cent total interest in QAF.   First appointed as a non-executive director of QAF in December 2007, in October 2010 he became an executive director holding the post of operations director. He assumed the position of deputy group managing director of the QAF Group in September 2014 and thereafter joint group managing director of the QAF Group with effect from Jan 1, 2017.   Mr Lin is the son of Andree Halim, a director and vice-chairman of QAF. For its FY19 (ended Dec 31), QAF recorded revenue growth in all segments, resulting in group revenue growth of 6 per cent and Ebitda growth of 67 per cent.

 

So 78 cents still a good price to enter? 
Since the director previously bought at 78 cents.

Joelton      ( Date: 06-Jul-2020 09:31) Posted: QAF   Between June 29 and 30, QAF joint group managing director and executive director Lin Kejian acquired 47,600 shares of the listed company for a consideration of S$37,128 at 78 cents per share. He maintains a 48.22 per cent total interest in QAF.   First appointed as a non-executive director of QAF in December 2007, in October 2010 he became an executive director holding the post of operations director. He assumed the position of deputy group managing director of the QAF Group in September 2014 and thereafter joint group managing director of the QAF Group with effect from Jan 1, 2017.   Mr Lin is the son of Andree Halim, a director and vice-chairman of QAF. For its FY19 (ended Dec 31), QAF recorded revenue growth in all segments, resulting in group revenue growth of 6 per cent and Ebitda growth of 67 per cent.

 

 

Anybody looking at this counter?

 

Looks like it' s about to run and I' m not in yet. Price, volume, chart directions are there. 

Closed 0.790 yesterday.

 

Any chart readers here? Looking at the 1-year period from a layman point of view. QAF seems to be looking good.

Divend given out was quite good, say....compared to ST engg (although different industry) I always use ST engg as a benchmark because it is a very stable stock, with reasonable returns.

Not too late to buy in QAF now, while market has still not fully recovered. I personally felt that as Long as it is below 80 cents, it is still worth buying.

Last closing price was 0.780




 

 

www.statista.com/statistics/237570/pork-production-worldwide/

Pork price has risen and this year pork production worldwide projected to decrease. 
Hence I think profit from pork unlikely to be affected.
Australia has strict law and it is a continent by itself, so chances of kena AFV is very very  slim.

QAF    also have Distribution and warehousing business.
They  import and distribute a wide variety of food and beverage products including meat, milk and dairy products, frozen vegetables, soups, pastries, confectionery, sauces, spreads, snack products, wines and juices.

They had already issued dividend recently. Maybe have to wait for next dividend.
Last year QAF issued dividend in May and Sep with 4 cents and 1 cent respectively.

shadow11      ( Date: 13-Jun-2020 15:22) Posted: Same case as sci. After they cut off the porky business. Ppl will rerate liao Now so cheap. Juz hoot ah.

 

Same case as sci.

After they cut off the porky business. Ppl will rerate liao
Now so cheap. Juz hoot ah.

 

Long time havent post, here' s my take on QAF.  Finally decided to sell the pork business but too late, only buyer I see is China and with the tension I doubt it will happen and also given its the largest pork producer in Australia, its strategic, will Australia gov sanction such a sale?  Going forward there is an interesting trend, the early 1980' s drought is preceded by unusual heay rain fall in Sydney, same for early 2000' s drought.  last year there was extremely high level of rain fall in Sydney so im expecting drought coming soon, and if you notice its around 20 years gap between each drought.  Assuming it comes soon, feed will be expensive from 2021 to 2023 and for sure 2022 will be at the peak if the drought does not last longer.  Stormy weather ahead.  i must emphasis how the management missed the avalanche of pork supplier and dropping prices in 2017 o 2018 is beyond me, given Qld recover from 4 years of drought in 2015 and in 2016 the signs are 100% there for a recover in Qld.  Should have listed in Q4 2016.

Next Bakery,  sure its doing well now but remember the agreement they sign with Bernas for the Malaysia entity.  First agreement, royalties @ 1.5% capped at turnover of 800 million, translate to max SGD4million free cash flow for QAF. This agreement will expire in March 2021.  Will Bernas re-sign? If not qAF FCF will drop SGD4m period. Why would Bernas resign? after all the Malaysia entity is suppose to develop their own brand hence avoid paying royalties.  5 years forward to 2026, money saved is RM60M, hell lots of money to develop a new brand.  Five years forward the entity is to be listed if not it will be liquidated and sold in accordance with the agreement unless there is a new agreement in which Im not aware off.  So it will be listed for sure, nobody wants to lose money right?, but by then can qAf buy more than 30% which is the limit set by the Malaysian Gov on foreign entities owning listed companies in Malaysia? QAF may end up with no control at all.

So all in all, likelyhood of drought in Australia, high feed cost, (operating loss?) pork business cannot be sold easily, likelyhood of lost SGD4M FCF every year and eventually lose control in Malaysia? These are the major downside for QAF and at the same time I dont see any upside, anyone?  Tough times ahead.

 

 

Starship      ( Date: 28-Feb-2020 16:07) Posted: " Further to the Company&rsquo s 3Q2019 results announcement of November 2019, the Company has decided, after consultation with its financial advisor, Rabobank Singapore, to pursue a sale of the Primary Production business. The Company intends to focus on the Bakery and Distribution and Warehousing segments in the core markets of Singapore, Malaysia and the Philippines, within the growing 650 million population of ASEAN countries. The Primary Production business is in the animal protein segment, a very different and separate business, and operating in a different geographical region. Following nearly 20 years of ownership, the Primary Production business has reached the necessary scale and is now an ideal platform for a new owner with a strong focus on the animal protein segment to bring it to its next growth phase and take the business to the next level."

 

Anybody looking at this counter?

Looks like a knee-jerk near closing today.

Any sgx announcement or anything heard?

 

Bread is a good recurring income. Just look at the bakery revenue in the annual report.🤑

FATABA      ( Date: 06-Apr-2020 09:53) Posted: True ....2 pts to this  1. What if CHina buy over this operation / they can then export their own company pork into CHINA lol  ( anyway they can change the law)  2. All CHINA need is to buy up some current source ....leaving more demand fm many countries to this Aus source.  Anyway bread demand increase w this STAY HOME period .  Dyodd .  Starship      ( Date: 06-Apr-2020 09:33) Posted: QAF had clarified a few times that it has not been able to export pork to China bcos there is no trade agreement with Aust and China on pork.

 

True ....2 pts to this 
1. What if CHina buy over this operation / they can then export their own company pork into CHINA lol 
( anyway they can change the law) 
2. All CHINA need is to buy up some current source ....leaving more demand fm many countries to this Aus source. 

Anyway bread demand increase w this STAY HOME period . 
Dyodd . 

Starship      ( Date: 06-Apr-2020 09:33) Posted: QAF had clarified a few times that it has not been able to export pork to China bcos there is no trade agreement with Aust and China on pork.  FATABA      ( Date: 06-Apr-2020 09:24) Posted: Agreed w you ......Covid has make its pork n bread bz boom  I am also not surprise if CHINA or someone buy over its Aus pork dividsion at a gd price this yr.  DYOD

 

QAF had clarified a few times that it has not been able to export pork to China bcos there is no trade agreement with Aust and China on pork. 

FATABA      ( Date: 06-Apr-2020 09:24) Posted: Agreed w you ......Covid has make its pork n bread bz boom  I am also not surprise if CHINA or someone buy over its Aus pork dividsion at a gd price this yr.  DYODD Secret_Squirrel      ( Date: 06-Apr-2020 08:52) Posted: Annual report already out.  Good to study in detail, pork seems rather promising this year. More people staying at home,  hope that bread will do even better this year.  Look at the individual segment of the business over the years. It' s interesting.

 

Agreed w you ......Covid has make its pork n bread bz boom 
I am also not surprise if CHINA or someone buy over its Aus pork dividsion at a gd price this yr. 
DYODD

Secret_Squirrel      ( Date: 06-Apr-2020 08:52) Posted: Annual report already out.  Good to study in detail, pork seems rather promising this year. More people staying at home,  hope that bread will do even better this year.  Look at the individual segment of the business over the years. It' s interesting.  embracez      ( Date: 28-Feb-2020 22:01) Posted: QAF like big drop today Whywhy