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Need to keep 3-5 yrs ? Like this there are many stocks in Sgx maybe only keep only one two months eg A-sonic, Rex int or RH etc lah..
finjungle ( Date: 30-Mar-2022 15:54) Posted:
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good point on forward looking! how much forward? 3-5 years? share proces are fed on dreams
but there would be reality.
but there would be reality.
look@bright ( Date: 30-Mar-2022 15:28) Posted:
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that' s the past, already priced in. share price is forward-looking
finjungle ( Date: 30-Mar-2022 15:19) Posted:
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wow shot up 10.5% now
in a war torn country whaich is down to ruins and a country without foreign exchange where would the sales be coming from to support the increased in share price? this is relying on HOPE!
in a war torn country whaich is down to ruins and a country without foreign exchange where would the sales be coming from to support the increased in share price? this is relying on HOPE!
Observers ( Date: 30-Mar-2022 10:23) Posted:
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If SIA can do it, so can you. ROCKET!!!
sengkang ( Date: 30-Mar-2022 10:05) Posted:
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Bad news discounted?
vicloo ( Date: 30-Mar-2022 09:50) Posted:
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End of war in sight... FE going back to 60c soon
Food Empire' s auditors highlight impact of Russia-Ukraine crisis on company
FOOD and beverage manufacturer Food Empire Food Empire : F03 +1.05% on Thursday (Mar 24) said that its auditors have flagged the uncertain financial, economic and social impact on the company arising from the Russia-Ukraine conflict.
Ernst & Young, labelling the issue as an " emphasis of matter" , noted that Russia and Ukraine are 2 of the mainboard-listed company' s major markets which jointly accounted for about 45 per cent of its revenue in FY2021. (An emphasis of matter is a paragraph in an auditor' s report which identifies an issue that, in the auditor' s judgment, is fundamental to users' understanding of the financial statements.)
The food and beverage industry is not on the list of restricted business activities, nor is it affected by international sanctions, but the auditors expect the war to have a negative effect on the financial performance and position of the group in relation to its businesses in Russia and Ukraine for the financial year ending Dec 31, 2022.
" In Ukraine, physical damage to public infrastructures and properties, disruption to supply chains and massive human displacement have resulted in the temporary suspension of business activities," noted Ernst & Young. It added that this could lead to " potential future impairment" on Food Empire' s assets if the conflict persists.
Over in Russia, international sanctions have resulted in disruptions to logistics and supply chains, which the auditors believe may require the company to look for alternative solutions to keep production running smoothly.
Food Empire is also economically exposed to the US dollar, and a sharp devaluation of the Russian rouble will have an adverse impact on the financial performance and position of the company.
" In addition, the Group may also face heightened credit risks, higher working capital requirements and issues with currency remittance due to sanctions against its financial system," said the auditors.
" These and the ensuing economic uncertainties in the Russia market would negatively impact the future financial performance, financial position and cash flows of the Group' s operations in Russia," they added.
This stock got their auditor added a comment about going concern in their business operating areas.
The problem is, even if today announce war over, I don' t think sanctions will be lifted esp those by the west. And if sanctions remain in place, how to move funds between Russia, Ukraine and Singapore? Are operations in Russia and Ukraine self sustaining?
vicloo ( Date: 10-Mar-2022 12:25) Posted:
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Think this one have to do tons of homework if want to pick the bottom. Most impt is their exposure to USD and Euro. Understand that their reporting currency is USD. Any breakdown on how much liabilities and payables are in USD? And how much cash and cash equivalents in USD that are not yet frozen?
Yes. It was widely reported this morning. My take is FE will be hit hard by this. Things are escalating.
Dannkh ( Date: 11-Mar-2022 15:35) Posted:
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I understand Putin is going to sign a decree against all businesses/assets own by
entities from its list of unfriendly nations ( of which Singapore is listed as unfriendly) by
confisicating them.
Management must come out fast to explain to investors/ shareholders the worst case
impact on Food Empire in the event of such move by Russia.
Too much uncertainty & risk. Dyodd.
entities from its list of unfriendly nations ( of which Singapore is listed as unfriendly) by
confisicating them.
Management must come out fast to explain to investors/ shareholders the worst case
impact on Food Empire in the event of such move by Russia.
Too much uncertainty & risk. Dyodd.
chiachiawee ( Date: 11-Mar-2022 10:40) Posted:
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This one gone case la. Management is heaving big head now trying to solve the situation I guess. Think they are just hoping the market trivializes the impact of war on them. This was once a darling but not now. Any person with a sound mind will know how severe the impact is. Market will switch to other F& B Counter with solid revenue and earnings. cheers.
ahberngh ( Date: 11-Mar-2022 10:31) Posted:
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It has dropped a lot.
I was thinking of nibbling, but after further consideration, decided not to.
I think it has further down to go. Current situation is probbaly devastating for them, it will take
a long time to recover, I think.
Agree with your comments on bbs. They are used to inflicitng suffering on retailers.
What goes around comes around.
I was thinking of nibbling, but after further consideration, decided not to.
I think it has further down to go. Current situation is probbaly devastating for them, it will take
a long time to recover, I think.
Agree with your comments on bbs. They are used to inflicitng suffering on retailers.
What goes around comes around.
RichardTeo ( Date: 10-Mar-2022 15:19) Posted:
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Just saw a director transfer his FE shares from Hongleong finance nominee to his own name on SGX. Is it because of Singapore sanctions or Russian sanctions or just Hongleong want to play safe?
Technical correction from its 99c peak on 7th April 2021.
Consolidation in progress altho support is at 42c.
For deep pocketed investors monitor and makes smallbites for longer term hold.
Should recover once the Russian " emperor" and Ukrainians decide to smoke the peace pipes.
Dyodd as usual
Consolidation in progress altho support is at 42c.
For deep pocketed investors monitor and makes smallbites for longer term hold.
Should recover once the Russian " emperor" and Ukrainians decide to smoke the peace pipes.
Dyodd as usual
RichardTeo ( Date: 10-Mar-2022 15:19) Posted:
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Day high. Hope it' s the share buyback. Then more upside can be seen. Their last share buy back was at $0.76243 in Jan 2022.
Then stop because of blackout period before results
Then stop because of blackout period before results
SmallSmall ( Date: 10-Mar-2022 14:31) Posted:
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They just renewed share buyback on 10 March 2022.
See if they execute the share buybacks.
Does looks attractive based on technicals
See if they execute the share buybacks.
Does looks attractive based on technicals
I think very difficult for this to come back again
Their market all in Ukraine Russia unfortunately
Quite similar to Yoma
Once Myanmar gone Yoma also gone
Although food empire has good mgt all the years with good growth n profits but now the war somehow has impacted food empire and we don?t know how bad it is going to be
Refugees all ran off and who is going consume coffee?
Their market all in Ukraine Russia unfortunately
Quite similar to Yoma
Once Myanmar gone Yoma also gone
Although food empire has good mgt all the years with good growth n profits but now the war somehow has impacted food empire and we don?t know how bad it is going to be
Refugees all ran off and who is going consume coffee?