Food Empire    Last:2.37    -0.1

Food Empire

at least should be in 90c++ series very soon to test $1..
delfi had its run to $1.10 ....now about time to do some catch up ....
rem 2000 lots offloaded 2 days ago....
the boat is light....

 

2000 lots sold on news yesterday....
its very light today...
thats why one foreign CP is buying this morning...
do not short today...

 

Steady .. share buyback at this level show 
Mgt confidence ...

 

Food Empire gonna tank like the others.... Becareful

 

 

Hi Muifan, thanks for your sharing. We need to always take a fresh perspective on each player. As I mentioned, we need to consider various factors in taking a position, especially opportunities and challenges ahead. That' s why pegging each of the players to their long-term mean is crucial. I have earlier taken profit on food empire. I like these factual inputs that would benefit the community. Wish the best for all. cheers.

muifan      ( Date: 28-Feb-2023 09:32) Posted: hi ah chia bb,  it happend to samudera before when many traders offloaded when the result out last year, the share suffered for a while and continue to climb beyond $1. Profit taking after holding for a while is normal. I like food empire business as they are mainly selling coffee ( habitual consumer product), means recurring income, in good position in russia as many western players are sanctioned. anyway congrats to your chocolate delfi!   chiachiawee      ( Date: 28-Feb-2023 09:08) Posted: Many people are missing the other food player, a premium chocolate manufacturer. Despite food empire outstanding record, all these have been priced in from its run from 0.41 to 0.84. I mentioned this earlier. It doesn?t mean the average player is trading at x times PE and it will reach there. Instead, we should assess and value each player differently and peg to each of their long term mean. That will provide a better assessment. As always, DYODD and be responsible to own monies. Cheers.

 

hi ah chia bb, 
it happend to samudera before when many traders offloaded when the result out last year, the share suffered for a while and continue to climb beyond $1.
Profit taking after holding for a while is normal.
I like food empire business as they are mainly selling coffee ( habitual consumer product), means recurring income, in good position in russia as many western players are sanctioned.
anyway congrats to your chocolate delfi!
 

chiachiawee      ( Date: 28-Feb-2023 09:08) Posted: Many people are missing the other food player, a premium chocolate manufacturer. Despite food empire outstanding record, all these have been priced in from its run from 0.41 to 0.84. I mentioned this earlier. It doesn?t mean the average player is trading at x times PE and it will reach there. Instead, we should assess and value each player differently and peg to each of their long term mean. That will provide a better assessment. As always, DYODD and be responsible to own monies. Cheers.

 

Nope. It?s Delfi. Check out their financial. I?m impressed by their organic growth. Cheers.

MBULLISH      ( Date: 28-Feb-2023 09:11) Posted: Just say out the name la JB food Important to share good stuffs Share also won?t die Want to buy or not is each individual preference Congrats For those who bought last year during the slump when Ukraine attacked by Russia chiachiawee      ( Date: 28-Feb-2023 09:08) Posted: Many people are missing the other food player, a premium chocolate manufacturer. Despite food empire outstanding record, all these have been priced in from its run from 0.41 to 0.84. I mentioned this earlier. It doesn?t mean the average player is trading at x times PE and it will reach there. Instead, we should assess and value each player differently and peg to each of their long term mean. That will provide a better assessment. As always, DYODD and be responsible to own monies. Cheers.

 

Just say out the name la
JB food
Important to share good stuffs
Share also won?t die
Want to buy or not is each individual preference

Congrats For those who bought last year during the slump when Ukraine attacked by Russia

chiachiawee      ( Date: 28-Feb-2023 09:08) Posted: Many people are missing the other food player, a premium chocolate manufacturer. Despite food empire outstanding record, all these have been priced in from its run from 0.41 to 0.84. I mentioned this earlier. It doesn?t mean the average player is trading at x times PE and it will reach there. Instead, we should assess and value each player differently and peg to each of their long term mean. That will provide a better assessment. As always, DYODD and be responsible to own monies. Cheers.

 

Many people are missing the other food player, a premium chocolate manufacturer. Despite food empire outstanding record, all these have been priced in from its run from 0.41 to 0.84. I mentioned this earlier. It doesn?t mean the average player is trading at x times PE and it will reach there. Instead, we should assess and value each player differently and peg to each of their long term mean. That will provide a better assessment. As always, DYODD and be responsible to own monies. Cheers.

 

EPS is in US dollar,,, need to multiply by 1.3

muifan      ( Date: 28-Feb-2023 08:14) Posted: Industry peers trading at 15x PE and above... Super group privatized at 30x PE.. At 11c EPS, $1-$1.20 is already very conservative price target... very undervalued....

 

Industry peers trading at 15x PE and above...
Super group privatized at 30x PE..
At 11c EPS, $1-$1.20 is already very conservative price target...
very undervalued....

 

exceeded  Maybank forcast of 4c dividend....
result from operating activities grow by 107% ...thats very good result ..
 

spursfan      ( Date: 27-Feb-2023 22:03) Posted: Food Empire delivers record revenue and net profit for FY2022 affirming resilient demand for its products - Revenue increased 24.5% year-on-year (&ldquo yoy&rdquo ) to US$398.4 million for FY2022 with most of the segments contributing positively to this growth. - Net profit after tax increased by 210.6% yoy to US$60.1 million for FY2022 mainly due to higher revenue and better operating profit coupled with one-off gain of US$15.0 million from the disposal of non-core asset. - Board proposes a record first and final dividend of 4.4 Singapore cents per ordinary share.    https://links.sgx.com/1.0.0/corporate-announcements/UXF1LD3QSEZ7TQ37/748103_FY%202022%20Press%20Release.pdf

 

Food Empire delivers record revenue and net profit for FY2022 affirming resilient demand for its products

- Revenue increased 24.5% year-on-year (&ldquo yoy&rdquo ) to US$398.4 million for FY2022 with most of the segments contributing positively to this growth.
- Net profit after tax increased by 210.6% yoy to US$60.1 million for FY2022 mainly due to higher revenue and better operating profit coupled with one-off gain of US$15.0 million from the disposal of non-core asset.
- Board proposes a record first and final dividend of 4.4 Singapore cents per ordinary share.   
https://links.sgx.com/1.0.0/corporate-announcements/UXF1LD3QSEZ7TQ37/748103_FY%202022%20Press%20Release.pdf

 

next week contra players will be boarding for result play..
as 27 feb get nearer....

nitrodrops      ( Date: 16-Feb-2023 08:55) Posted: https://www.theedgesingapore.com/news/geopolitics/russias-war-ukraine-has-dragged-year-amid-stalemate-putin-might-give-peace-chance

 

https://www.theedgesingapore.com/news/geopolitics/russias-war-ukraine-has-dragged-year-amid-stalemate-putin-might-give-peace-chance

 

 

Today [15/02/23] Traded volume 1102.7m
High - 83.0c  Low - 80.0c  Close - 82.5c
Another recent new high of 83.0c.
Looks like momentum continues until Results announcement day.

 

Look at cfm result today ...quite similar to anticipated food empire result ...

asset disposal , no dividend declared and cfm moved 15% ...

according to Maybank food empire is expected to declare specia dividend...
and the coy is in a resilient sector...
the bbs should be eyeing this ...

 

 

I rem last year when samudera cross over 80c..
it was fast and furious to 90c + as the result get nearer...

now this food empire is moving above kayhian target 78c...
it means something...

 

Many retails offloaded at 78c uob target price ..
now the ball is all in Bb court ...

hopefully this is the samudera of 2023 supported by 
bumper dividend...

sengkang      ( Date: 14-Feb-2023 12:10) Posted: First 9M2022 Net Profit After Tax = UD$49.64m. Likely NPAT FY2022 guesstimated at around UD$61.0m or eps of US$ 11.1c or sgd 14.6c PE is about 5.3 x at present price level of 78c. If exclude factory sale profit, eps is abt 10.9c with PE of 7.1 x. Joelton      ( Date: 14-Feb-2023 09:38) Posted: Food Empire expects to report ' substantially higher' profit after tax for FY2022   The group is expected to release its results for the full year on or around Feb 27.    Food Empire F03 1.31%   says it expects to report a &ldquo substantially higher&rdquo profit after tax for the FY2022 ended Dec 31, 2022.   The increase was mainly due to better operating profit and a one-off gain from the disposal of a non-core asset, says the group.   In its 9MFY2022 results, Food Empire revealed that it made US$15.0 million ($19.9 million) from the same disposal. The group had sold its light industrial building in Toa Payoh, Food Empire Building, to a wholly-owned subsidiary of Lian Beng Group for $49.3 million in June 2022.