Post Reply
681-700 of 1089
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.
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.
Maybank initiates coverage on Food Empire with ' buy' call and $1.20 target price, says special dividend is likely
Jarick Seet of Maybank Securities has initiated coverage on Food Empire with a &ldquo buy&rdquo call and $1.20 target price, citing the instant beverage maker&rsquo s cheap valuations, prospects of a special dividend, and a chance that it is a takeover target.
Seet notes that Food Empire trades at just 7.4x core FY22 earnings, nearly a quarter that of global peer average&rsquo s 27x. His target price of $1.20 is pegged to 11x earnings.
&ldquo We think Food Empire&rsquo s business model has shown its resilience and should continue to enjoy decent growth going forward,&rdquo writes Seet in his Feb 13 report.
The war between Ukraine and Russia &ndash both of which are key Food Empire markets &ndash has not hurt the company&rsquo s earnings.
For its 9MFY2022 ended Sept, the company managed to grow its revenue by 27% y-o-y to US$286 million. Besides higher sales, the company enjoyed better margins too.
&ldquo A ceasefire or the end of the conflict could result in a major stock re-rating, in our view. While Food Empire not subject to sanctions, its valuation took a huge hit when war broke out and could recover sharply on a truce, we believe,&rdquo says Seet.
For the coming FY2022, Food Empire is likely to give a special dividend, drawing partly from the proceeds of the sale of a building, says Seet, who is forecasting a total FY2022 distribution of 4 cents, which translates into a yield of more than 5%.
Seet also observes that Food Empire has been buying back shares at as high as 82 cents, with some 5.95 million bought back to date.
Citing how Food Empire is trading at just 7.4x core earnings, a &ldquo steep discount&rdquo off both listed and privately held peers, Seet believes that the company is an attractive acquisition target by the bigger players, eyeing its existing presence in Russia and Vietnam.
Super Coffee, which was another Singapore-listed instant beverage maker, was taken over in 2017 by Netherlands-based Jacobs Douwe Egberts for $1.35 billion, which implies a valuation of 30x.
Separately, Food Empire, in an after-market announcement, says that earnings for FY2022 is likely to be &ldquo substantially&rdquo higher versus the preceding year.
&ldquo The substantial increase in the group&rsquo s profit after tax for FY2022 was mainly attributable to better operating profit and one-off gain from the disposal of non-core asset,&rdquo says Food Empire, without referring directly to the sale of the building.
The company expects to release its earnings on or around Feb 27.
Maybank reported say possible 4c special dividend will be declared..
even share price at 95c is still a very attractive
4.2% yield !
even share price at 95c is still a very attractive
4.2% yield !
Huataarrhh ( Date: 13-Feb-2023 09:54) Posted:
|
Wow profit guidance ...
Just sharing only.
Please perform your own DD
Please perform your own DD
superstartup ( Date: 13-Feb-2023 11:34) Posted:
|
This one much higher chance of privatisation than all the other hyped up counters.
Super Group (best known as the 3-in-1 coffee) was taken private at 30 times earnings
" The offer is widely expected to succeed, with analysts generally giving thumbs up for the pricing. DBS described the valuation, at 30 times earnings, as " rich" , given the currently challenging operating environment."
https://www.businesstimes.com.sg/companies-markets/super-group-going-dutch-s145b-privatisation-offer
Info. only.
Super Group (best known as the 3-in-1 coffee) was taken private at 30 times earnings
" The offer is widely expected to succeed, with analysts generally giving thumbs up for the pricing. DBS described the valuation, at 30 times earnings, as " rich" , given the currently challenging operating environment."
https://www.businesstimes.com.sg/companies-markets/super-group-going-dutch-s145b-privatisation-offer
Info. only.
This is a new initiation report by Maybank. This analyst just joined from RHB and his last tp was 0.95
https://www.theedgesingapore.com/capital/brokers-calls/rhb-maintains-buy-call-food-empire-sale-its-industrial-office
https://www.theedgesingapore.com/capital/brokers-calls/rhb-maintains-buy-call-food-empire-sale-its-industrial-office
muifan ( Date: 13-Feb-2023 09:42) Posted:
| |||||||||||
Is this an upgrade from their previous tp? thank you
Huataarrhh ( Date: 13-Feb-2023 09:10) Posted:
| |||||||||
wow $1.20...
ok thank you ..no wonder gap up today...
ok thank you ..no wonder gap up today...
Huataarrhh ( Date: 13-Feb-2023 09:10) Posted:
| |||||||||
Maybank initiate coverage
|
|||||||
whats up with this?
Anticipating upcoming result release?
Anticipating upcoming result release?
High 77.0c - Low 74.5c - Close 76.5c
Traded volume [10/02/23] = 637.4m shares
Next week 80c coming?
Traded volume [10/02/23] = 637.4m shares
Next week 80c coming?
sengkang ( Date: 08-Feb-2023 10:06) Posted:
|
Always be nimble, people. UOBKH reports came at this time while their TP remains 0.78. It has reached my midpoint where I would expect profit taking. cheers.
Breaking past 75.5c this morning.
Uobkh analysts say buy.
Uobkh analysts say buy.
Broke out of long consolidation ..
hopefully can cross over 80c Then can see $1 ...
hopefully can cross over 80c Then can see $1 ...
Hit new high of 71.5c before closing at 71.0c today [26/1/23]
Volume traded 630.5m.
Looking good. Huat ah!
Volume traded 630.5m.
Looking good. Huat ah!
spursfan ( Date: 26-Jan-2023 09:31) Posted:
|
77c then $1 la ? matter of time ?
spursfan ( Date: 26-Jan-2023 09:31) Posted:
|
Last few sessions tried but didn't manage to close above 7. Let see how today
Just in . Today sbb 117k share avg. 68.9c
spursfan ( Date: 19-Jan-2023 11:04) Posted:
|