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Food Empire
06-02-2020, 08:17 AM.
Post: #81
RE: Food Empire
UOB Kay Hian initiated a buy call on Food Empire, covered on business times.

https://www.businesstimes.com.sg/compani...089-target
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07-02-2020, 01:42 PM.
Post: #82
RE: Food Empire
Interestingly, Food Empire also included(unlucky) in the list of companies to that are mandatory (lucky) to report quarter results because of qualified opinion from their auditor.

The list is also in the news.

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25-02-2020, 10:33 AM.
Post: #83
RE: Food Empire
Latest Financial Statements released. Stellar results!

Enjoy.

https://links.sgx.com/FileOpen/FY2019%20...eID=597521
https://links.sgx.com/FileOpen/FY2019%20...eID=597520
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25-02-2020, 11:14 AM.
Post: #84
RE: Food Empire
(25-02-2020, 10:33 AM)Squirrel Wrote: Latest Financial Statements released. Stellar results!

Enjoy.

https://links.sgx.com/FileOpen/FY2019%20...eID=597521
https://links.sgx.com/FileOpen/FY2019%20...eID=597520

Some comments after looking at the FS.

Definitely showing the fruits of rationalization. Cashflow remains strong and with this kind of cashflow, the liabilities put on for the factory in India will be paid off in no time.

Seems like they are pushing further in making the "Ingredients" category a more substantial part of the business.

"Following the success of its first Non-Diary Creamer (“NDC”) plant, which is currently fully utilized, the Group has unveiled plans to commence the construction of a second NDC project on its existing plot of land located in the Iskandar region of Malaysia. The project will leverage on existing infrastructures and resources and is expected to take place over the next 24 months. When completed it will increase the existing capacity and offer a wider range of NDC products."

And of course the imminent start to production for the coffee plant.

"The Group’s Instant Freeze Dry Coffee plant in India is expected to be completed and will commence commercial production during the year."

And finally, rewarding the shareholders with a bump in dividends to SGD 2 cents.
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10-03-2020, 08:38 AM.
Post: #85
RE: Food Empire
Just deem it proper to flag that Ruble has devalued to 74.5 thereabouts from 62 since the oil shock. Since this is one of the risks being discussed earlier, holders of the position should be aware and consider the possibilities of further Ruble depreciation.
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