why would foodjunction be attractive at this price level when its net profit margin, return on equity are quite low at
5.2% 9.8% & PE about 21 based on the most recent financial data (YTD 3Q) available.
and i read the AR2009 which shows its food court operations profit margins a declining trend 34.8%, 32.3%, 24.1% and 20.4% for fy2006, fy 2007, fy2008 and fy2009 respectively..is this a cause for concern? i guess is because of many new competing similar foodcourts have mushroomed eg ntuc foodfare foodcourts can be seen almost everywhere these days.
5.2% 9.8% & PE about 21 based on the most recent financial data (YTD 3Q) available.
and i read the AR2009 which shows its food court operations profit margins a declining trend 34.8%, 32.3%, 24.1% and 20.4% for fy2006, fy 2007, fy2008 and fy2009 respectively..is this a cause for concern? i guess is because of many new competing similar foodcourts have mushroomed eg ntuc foodfare foodcourts can be seen almost everywhere these days.