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07-08-2014, 09:54 AM
Thanks for highlighting. I took a quick look at the recent quarterly report.
Company is making an operating loss for this quarter and YTD if one-off items are excluded. They have disposed their profitable dairy business which generated roughly S$11m p.a. and decide to focus on the frozen food segment and expansion of Texas Chicken in Malaysia and Brunei.
However, given the high NTA~S$0.53 and company is in net cash of around S$0.40, i am taking a medium term view with this company and grabbed some shares this morning.
Company is making an operating loss for this quarter and YTD if one-off items are excluded. They have disposed their profitable dairy business which generated roughly S$11m p.a. and decide to focus on the frozen food segment and expansion of Texas Chicken in Malaysia and Brunei.
However, given the high NTA~S$0.53 and company is in net cash of around S$0.40, i am taking a medium term view with this company and grabbed some shares this morning.