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Food Empire    Last:2.37    -0.1

Food Empire

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Alignment
    24-Jan-2024 17:05  
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No answer yet?
 
 
yau123
    22-Jan-2024 19:11  
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Wah... really strike back! you are zhun. 

trader1970      ( Date: 22-Jan-2024 14:03) Posted:

Be patient, Empire strikes back.. Just as I thought.. Watch the Empire rises this week... :):):)

yau123      ( Date: 19-Jan-2024 16:39) Posted:

at first i have same thought as you. But the sellers non stop come out. 


 
 
trader1970
    22-Jan-2024 14:03  
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Be patient, Empire strikes back.. Just as I thought.. Watch the Empire rises this week... :):):)

yau123      ( Date: 19-Jan-2024 16:39) Posted:

at first i have same thought as you. But the sellers non stop come out. 

trader1970      ( Date: 19-Jan-2024 15:28) Posted:

Coming stellar results cum super dividend as well as potential HK listing will be the catalyst for the BO above 120... Dyodd... Will this be another Eu Yan Sang in the making?  I wont be suprised if it would be.. " Never say Never" ..... :):)


 

 
Alignment
    20-Jan-2024 20:05  
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HK much bigger investor base than Singapore.
 
 
yau123
    19-Jan-2024 16:39  
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at first i have same thought as you. But the sellers non stop come out. 

trader1970      ( Date: 19-Jan-2024 15:28) Posted:

Coming stellar results cum super dividend as well as potential HK listing will be the catalyst for the BO above 120... Dyodd... Will this be another Eu Yan Sang in the making?  I wont be suprised if it would be.. " Never say Never" ..... :):)

 
 
trader1970
    19-Jan-2024 15:28  
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Coming stellar results cum super dividend as well as potential HK listing will be the catalyst for the BO above 120... Dyodd... Will this be another Eu Yan Sang in the making?  I wont be suprised if it would be.. " Never say Never" ..... :):)
 

 
trader1970
    19-Jan-2024 15:18  
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完 全 正 确 ! 115 已 经 站 稳 了 。 下 星 期 肯 定 会 回 到 118.。 : ) : ) 打 不 死 的 蟑 螂 yes

erks69      ( Date: 19-Jan-2024 07:49) Posted:

拉 升 前 必 先 打 压 , 非 常 物 有 所 值 的 好 股 , 1.15机 会 買 入 。

 
 
erks69
    19-Jan-2024 07:49  
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拉 升 前 必 先 打 压 , 非 常 物 有 所 值 的 好 股 , 1.15机 会 買 入 。
 
 
trader1970
    19-Jan-2024 00:29  
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Share buy back on 18/01/24 at S$1.138 for 250k shares..    Support at 1.14 now....

Share Buy Back - Daily Share Buy-Back Notice::Share Buy Back - Daily Share Buy-Back Notice (sgx.com)
 
 
trader1970
    18-Jan-2024 12:34  
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This could be the catalyst - Higher expected dividend for FY23 results... mmmm plus the POTENTIAL DUAL LISTING in HK(see blow) for a much steeper valuation could be the catalyst for the huge support from ard 1.14 to 1.18 for the past weeks...  Seems like the above will be brought to fruition soon.  This pullback is a good time to buy/hold for the next gap up when good news are released... Perhaps coming CNY.... before or after ?...devilwink  dont miss out this big ang pow from 财 神 爷 ! ! !

Posted by Joelton dd 17 Nov 23..
 
" Food Empire& rsquo s planned listing in Hong Kong could leave some upside for new investors. Over the past decade, the non-alcoholic beverage sector in Hong Kong has fetched a premium of 105% to the Hang Seng Index (HSI) versus the 72% premium today. Specifically, Hong Kong& rsquo s non-alcoholic beverage sector trades at a 12-month forward P/E of 13.8 times versus the 10-year average of 22 times.
 
In contrast, Food Empire trades at a forward P/E of just over 8 times and is at a discount to its global peers.  The international beverage sector trades at a P/E range of 17.3 times to 30 times with a 10-year average of 23.7 times, while the international coffee segment trades at a P/E range of 18.1 times to 25.9 times with a 10-year average of 22 times. 
 
Tan acknowledges that the market is not currently at its peak,  but he encourages investors to view the potential Hong Kong listing as a growth opportunity over the short to medium term, anticipating market recovery.
 
For Food Empire, the possible Hong Kong listing is its gateway into the greater China market & mdash reaching investors and consumers. Its presence in Hong Kong and China is barely significant now. & ldquo There is a 1.4 billion population in China alone, and it is not something we want to miss out on,& rdquo he adds.
 
While there are no definite plans to share, Tan is not ruling out the possibility of forming joint ventures to penetrate this new market. He understands that entering this new market will entail substantial costs, but he sees it as a necessary and worthwhile commitment. & ldquo Sitting here and waiting for things to happen will not do us justice. I think we should do something rather than do nothing. There will be some costs, but we believe greater benefits will come out, much greater than the cost. We can be in better shape than we were before.& rdquo"


Joelton      ( Date: 17-Nov-2023 12:11) Posted:

Analysts see record year for Food Empire, expect higher dividend
 
Despite its relatively small market cap, Food Empire has garnered substantial sell-side coverage. Post the 3QFY2023 and 9MFY2023 results, analysts from CGS-CIMB Research, Maybank Securities, RHB Bank Singapore, and UOB Kay Hian have maintained a positive outlook on the company&rsquo s prospects. 
 
CGS-CIMB&rsquo s William Tng has kept his &ldquo add&rdquo call on Food Empire as its revenue and net profit for the 3QFY2023 and 9MFY2023 stood within his full-year estimates, and he sees the company on track to report record earnings for the whole of FY2023.
 
Tng&rsquo s positive rating for Food Empire considers its potential in Vietnam as a major revenue contributor, growth in the food ingredients business, and the completion of its capital expenditure cycle, enabling excess cash return to shareholders.
 
His target price of $1.69 is based on 11.2 times Food Empire&rsquo s FY2025 P/E or 0.1 standard deviation (s.d.) above its five-year average P/E of 8.2 times. 
 
Maybank Securities analysts Jarick Seet and Eric Ong have also kept their &ldquo buy&rdquo call on the back of Food Empire&rsquo s &ldquo solid&rdquo 3QFY2023 results, which stood &ldquo way above consensus&rdquo as well as above their estimates, thanks to strong demand from its core markets.
 
&ldquo We expect demand to remain strong and margins to improve in FY2024 as Food Empire raised prices by 8% during September to counter the ruble&rsquo s depreciation. As a result, we raise our FY2023 NPAT by 10.8% and lift FY2024&rsquo s by 10.5%,&rdquo they write. 
 
The analysts have also increased their target price to $1.60 from $1.36 as their valuation base is rolled forward to the end of FY2024 on an unchanged FY2024 P/E of 11 times.
 
&ldquo With another record financial year in the making, we expect management to continue rewarding shareholders with attractive dividends, potentially more than last year, resulting in a prospective yield of 4.8% for FY2023,&rdquo they add.
 
With the earnings above his expectations, RHB analyst Alfie Yeo has kept his &ldquo buy&rdquo call with a higher target price of $1.53 from $1.39.
 
&ldquo We continue to like Food Empire for its positive earnings momentum on the back of strong performance in 3QFY2023,&rdquo he writes. 
 
&ldquo While revenue aligned with our expectations, gross margins have outperformed. This has been largely due to better pricing and a change in operating model that reduces exposure to forex risks with suppliers.&rdquo
 
He adds: &ldquo As gross margins are now ahead of our forecasts, we now raise our gross margin assumptions from 30% to 34.5%, as we believe this would be sustainable going forward.&rdquo
 
Yeo has raised his earnings estimates by 7% to 8%. He sees Food Empire&rsquo s valuation as undemanding at [under] 8 times FY2024 P/E, i.e. -0.5 s.d. of its historical mean.
 
UOB Kay Hian analysts Heidi Mo and John Cheong, who have kept their &ldquo buy&rdquo call, have also increased their target price to $1.63 from $1.36.
 
Their new target price is pegged to 11 times the company&rsquo s FY2024 earnings at its long-term historical mean.
 
&ldquo Despite implementing pricing adjustments across most of its operating markets during the year, Food Empire&rsquo s sales volumes continued to rise, demonstrating the price inelasticity of its products.&rdquo
 
The UOB Kay Hian analysts add: &ldquo Additionally, Food Empire&rsquo s overall performance has surpassed our expectations in the face of currency devaluations in 9MFY2023.&rdquo &ldquo We believe this is [a] testament to its strong brand equity and experience in navigating currency fluctuations effectively.&rdquo
 
They expect further growth in its earnings as demand across its core markets stays robust.
 
The UOB Kay Hian analysts have also raised their FY2023 to FY2025 core earnings estimates by 8% and 6%, respectively, or to US$54 million ($72.9 million) for FY2023 and US$61 million for FY2025.
 
&ldquo With 9MFY2023 revenue reaching a record high despite currency headwinds, we believe that Food Empire has demonstrated its ability to deliver strong results and will continue to perform moving forward,&rdquo they add. 
 
Like their peers, Mo and Cheong expect Food Empire to pay a higher dividend for FY2023, given its performance. For FY2022, the company paid a total of 4.4 cents per share. 

 

 
trader1970
    18-Jan-2024 12:01  
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Very resilent and absorbing all the throws ard 1.14... It should move back to 118 soon next week and punch through 120... Be patient... BBS at work.. :)

FOREVERFREEDOM      ( Date: 17-Jan-2024 21:26) Posted:

Hopefully it can faster go beyond 1.20 then fly to 1.4 above

erks69      ( Date: 17-Jan-2024 16:22) Posted:

1.14 buy more


 
 
FOREVERFREEDOM
    17-Jan-2024 21:26  
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Hopefully it can faster go beyond 1.20 then fly to 1.4 above

erks69      ( Date: 17-Jan-2024 16:22) Posted:

1.14 buy more

 
 
trader1970
    17-Jan-2024 16:59  
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Uptrend is still intact.. Should be able to close at 1.14 best. 

yau123      ( Date: 17-Jan-2024 08:55) Posted:

The sellers are quite big at 1.18. 

trader1970      ( Date: 16-Jan-2024 22:41) Posted:

Bbs has been eating up 1.17/1.18... It just refused to pullback...  mmmm very interesting behind the kitchen cooking something delicious for the stayers..? LOL... wont be surprised good news are on the way soon... 120 ll be broken soon.. :):)


 
 
erks69
    17-Jan-2024 16:22  
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1.14 buy more
 
 
yau123
    17-Jan-2024 08:55  
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The sellers are quite big at 1.18. 

trader1970      ( Date: 16-Jan-2024 22:41) Posted:

Bbs has been eating up 1.17/1.18... It just refused to pullback...  mmmm very interesting behind the kitchen cooking something delicious for the stayers..? LOL... wont be surprised good news are on the way soon... 120 ll be broken soon.. :):)

 

 
trader1970
    16-Jan-2024 22:41  
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Bbs has been eating up 1.17/1.18... It just refused to pullback...  mmmm very interesting behind the kitchen cooking something delicious for the stayers..? LOL... wont be surprised good news are on the way soon... 120 ll be broken soon.. :):)
 
 
erks69
    16-Jan-2024 06:27  
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1.18逢 低 布 局 , 公 司 利 好 有 : 可 能 私 有 化 , 净 现 金 为 81m,股 价 /账 面 价 值 为 1.70, 业 务 增 长 中 , 丰 收 的 季 节 来 临 了 , 投 资 与 持 有 为 良 策 。
 
 
yau123
    15-Jan-2024 18:04  
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Nice close. hope can break new high support by the UOB KH report.
 
 
erks69
    15-Jan-2024 15:49  
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trader1970
    11-Jan-2024 14:57  
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Been loitering around 1.12 to 1.15 for so many weeks, and finally BO 116...  20 years high of 1.19... Seems there will be some news in the pipeline for such strong up movement.. Wont be surprise it will move towards 120 to 125 soon... :):):)

FOREVERFREEDOM      ( Date: 11-Jan-2024 11:41) Posted:

Is time to breakout 1.18??? 

yau123      ( Date: 21-Dec-2023 11:27) Posted:

Yes, waiting to break up. if break 1.18 then cheong lia


 
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