QAF operates two key business segments, namely bakery as well as distribution and warehousing. It owns several renowned bakery brands including Gardenia and Bakers Maison, enjoying leading market share in Singapore, Malaysia and the Philippines as at end-2021.
CGS-CIMB Research analyst Kenneth Tan has undertaken a preliminary assessment of QAF Ltd in an unrated report dated Nov 24.
In the report, Tan highlights that QAF is Singapore’s largest packaged bread manufacturer as at end-2021, citing consumer intelligence firm NielsenIQ.
