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The buy up is fast n furious
If shortist caught off guard, they wl really hv to buy higher to cover their positions.
LOL
If shortist caught off guard, they wl really hv to buy higher to cover their positions.
LOL
pcxiao2008 ( Date: 11-Aug-2023 13:07) Posted:
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finally start action
pcxiao2008 ( Date: 11-Aug-2023 09:44) Posted:
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Strong buying
Food Empire H1 profit falls 1.5% despite higher revenue
FOOD and beverage manufacturer Food Empire Holdings : F03 -0.93% posted a 1.5 per cent decline in net profit to US$26.7 million in the six months ended Jun 30, 2023, from US$27.1 million in the corresponding period a year earlier.
This was despite an 11.8 per cent increase in revenue to US$198.2 million over the same period, from US$177.4 million the year before.
In its bourse filing on Thursday (Aug 10), the group said that the higher revenue was a result of higher volumes and higher pricing across most of its core markets.
This was offset by depreciation of the Russian rouble and Ukrainian hryvnia against the US dollar, as well as lower revenue from the European market after the group divested its business there in FY2022.
Still, the group&rsquo s Russia as well as Ukraine, Kazakhstan and Commonwealth of Independent States (CIS) revenue segments saw the largest increases. The Russia segment&rsquo s revenue grew 23.6 per cent to US$70.6 million, while that of the Ukraine, Kazakhstan and CIS segment rose 20 per cent to US$49.5 million.
However, unfavourable exchange rate movements as well as negative contributions from associates led to the decline in net profit. The group noted that the company posted a US$0.1 million share of associates&rsquo losses in the first half of the year, compared to a profit of US$4 million over the same period last year.
As for the group&rsquo s outlook, Food Empire noted that inflation remains higher than most central bank targets, even if it seems to have peaked.
&ldquo The group remains cautious of the economic outlook for Russia and Ukraine due to (the) volatile geopolitical situation and weakening Russian rouble, but expects consumer demand to remain steady,&rdquo it said.
It added: &ldquo In Kazakhstan and CIS, the group has experienced robust demand for its products and foresees growth momentum to continue.&rdquo
Action later?
SBB only maintain the price. SBB wont push up the price
msksmsks ( Date: 11-Aug-2023 09:10) Posted:
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Watch out for SBB.
Results good also drop. Dont understand
FOREVERFREEDOM ( Date: 11-Aug-2023 08:56) Posted:
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Result not favor, open low?
went up because of delfi... delfi down, it down lor... delfi BB is flushing out all the contra or weak holders
JAD_Trader ( Date: 10-Aug-2023 11:35) Posted:
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Price didn't keep up monentum from Tuesday. Tyre punctured today.
msksmsks ( Date: 10-Aug-2023 09:30) Posted:
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Looks resilient
Nice
msksmsks ( Date: 08-Aug-2023 10:42) Posted:
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Next candidate to run up after Delfi
Good earning from last results cos revenue from Russia is good. Not sure if this is one-off or can continue the good trend.
ya, Food Empire price cannot catch up Delfi, Delfi' s EPS lower than Food Empire, but Delfi share price stood at 1.26 while Food Empire still 1.03.
JAD_Trader ( Date: 04-Aug-2023 09:05) Posted:
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The Co had aggressively been doing SBB before the blackout period whilst
waiting for their result announcement .
It' s a debt free Co and generating FCF every Q ..
Rationale for doing SBB coz Co deemed their share is undervalued.
Still on growth path
waiting for their result announcement .
It' s a debt free Co and generating FCF every Q ..
Rationale for doing SBB coz Co deemed their share is undervalued.
Still on growth path
The question now is if Food Empire can contiune the good resuts.
VT_Jr888 ( Date: 01-Aug-2023 01:49) Posted:
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Not sure but, I thought this is probably a good time to grab some now since it has come down from the high of 1.18.
Vested a little and thought that below 1.10 is a bargain.
Vested a little and thought that below 1.10 is a bargain.
Rebounded after touches support yesterday.
Resume uptrend after neutralise over bght region.
Resume uptrend after neutralise over bght region.