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Hope the rocket keep flying. Tomorrow Q1 result should be very good.
msksmsks ( Date: 11-May-2023 09:38) Posted:
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Let' s see whether the Bulls wl overrun and go higher prior result
msksmsks ( Date: 10-May-2023 09:50) Posted:
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seems like the BBs are waiting for some news..
FE block $1
Delfi block $1.30 lol....
FE block $1
Delfi block $1.30 lol....
msksmsks ( Date: 10-May-2023 09:50) Posted:
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If later clear the 600+ lots @ $1,
can u launch a big rocket , yea
Cheers
can u launch a big rocket , yea
Cheers
muifan ( Date: 10-May-2023 09:01) Posted:
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Food Empire is off to a good start to the year
Maybank Securities is keeping its &ldquo buy&rdquo recommendation on coffee manufacturer and distributor Food Empire F03 0.00% with an unchanged target price of $1.29.
Ahead of the group&rsquo s 1QFY2023 ended March results (to be reported after market hours on May 12), analysts Jarick Seet and Eric Ong expect revenue to increase by 5% y-o-y to US$86.7 million and net profit after tax (NPAT) to gain 22% y-o-y to US$11.2 million. This is especially given that the Russia-Ukraine war started in 1Q2022 and hurt the group&rsquo s operations.
&ldquo We expect demand to remain strong in Russia and the CIS region and strong growth from Vietnam. Spray dry and new freeze dry coffee plants in India continue to operate at full capacity but should yield higher margins due to cost reductions on freight cost normalisation,&rdquo say Seet and Ong.
&ldquo Corporate share buy-backs have also been consistent and will likely resume after the blackout period given it has just renewed its mandate,&rdquo say the analysts.
The group has been buying back shares from the open market at higher prices than before of over $1.01. The analysts expect this to continue as management concur that the company is deeply undervalued and remains confident of its outlook.
&ldquo We also expect interim dividends to be a possibility in the near future due to its strong cash flow generation and strong balance sheet,&rdquo say Seet and Ong.
At this point, shares in Food Empire are trading at an undemanding 8.6x FY2023 P/E, which the analysts believe is still a steep discount despite its strong recent share price performance, compared to the valuations of its private and listed global peers.
&ldquo As such, we think that it could be an attractive target for bigger competitors given its strong presence in Russia and Vietnam,&rdquo say the analysts.
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Verdict wl be out in few days time
Whether Co can still do well despite
Sterling result for Fy22
Numbers won't lie...
Patient
Whether Co can still do well despite
Sterling result for Fy22
Numbers won't lie...
Patient
Based on technicals such as money flows,macd, declining volumes etc I think distribution phase is ongoing signaling a head n shoulder formation.
It is hard to replicate FY2022 financial performance as there is a once-off asset disposal gain and that the forex gains (eg against Russian rubles) may not be sustainable and may even work against the company. Not a buy or sell call.
Just my observation on the sidelines. Plse dyodd as usual.
It is hard to replicate FY2022 financial performance as there is a once-off asset disposal gain and that the forex gains (eg against Russian rubles) may not be sustainable and may even work against the company. Not a buy or sell call.
Just my observation on the sidelines. Plse dyodd as usual.
chiachiawee ( Date: 09-May-2023 13:23) Posted:
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One thing forgot to mention is that Delfi
Is toppish and more susceptible for pullbk
Unlike FE whom IMHO may reverse up
Let's see
Cheers
Is toppish and more susceptible for pullbk
Unlike FE whom IMHO may reverse up
Let's see
Cheers
chiachiawee ( Date: 09-May-2023 13:23) Posted:
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Relac bro
The game ain't even start yet...
There's more than to meet the eye..
Cheers
The game ain't even start yet...
There's more than to meet the eye..
Cheers
Probably game over already, however, Delfi is breaking new high and finding its territory. Now that' s a tricky one on which would go further, the concept of comparative and valuation comes into play. Always DYODD in the challenging stock market. cheers.
When FE cheong, the surge wl be as good as Delfi
With it' s undemanding valuation and regional expansion,
more upside ahead. Pbbly may hv a re-rating apart fm
it' s TP $1.29 by some analysts
The SBB wl reume once earning announcement is over
With it' s undemanding valuation and regional expansion,
more upside ahead. Pbbly may hv a re-rating apart fm
it' s TP $1.29 by some analysts
The SBB wl reume once earning announcement is over
muifan ( Date: 09-May-2023 09:10) Posted:
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Delfi damn solid...
XD already still move up..
hit $1.35 today ....
XD already still move up..
hit $1.35 today ....
msksmsks ( Date: 09-May-2023 09:03) Posted:
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Delfi been creeping up steadily....
FE wl be next ....
FE wl be next ....
Amazing and amuse to see such sell qty blocked fm $1 - 1.02
Aiyo......any experience traders know this is fakey
fm the daily transactions volume.
This coming Fri is their Q1 result announcement and Co been
aggresively doing SBB fm $1-1.02
Lets see
Aiyo......any experience traders know this is fakey
fm the daily transactions volume.
This coming Fri is their Q1 result announcement and Co been
aggresively doing SBB fm $1-1.02
Lets see
load
msksmsks ( Date: 05-May-2023 09:24) Posted:
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FE reporting next Fri (12/5)
Maybank maintained Buy with TP$1.29 and also
backed by SBB after renewal of SBB mandate
An undervalued gem at undemanding valuation
with more potential upside.
Cheers
Maybank maintained Buy with TP$1.29 and also
backed by SBB after renewal of SBB mandate
An undervalued gem at undemanding valuation
with more potential upside.
Cheers
Delphi already cheong .....wl FE be next ?
IMHO, fm the price action, the magical $1 wl be overrun soon fm the
support of the IH
The recent high of $1.05 wl be tested and move higher soon
support of the IH
The recent high of $1.05 wl be tested and move higher soon