QAF

QAF has steadily grown its bakery revenue at 6.1% CAGR since FY2017, the analyst highlights.

QAF attributes the “significant improvement” to an insurance payout for flood damage to one of the group’s Malaysian factories.

SINGAPORE (May 10): QAF, the multi-industry food company, reports a 47% drop in earnings to $1.6 million for the 1Q19 ended March, from $3.0 million a year ago.

SINGAPORE (Mar 16): The Straits Times Index drifted lower during the week and is now supported by the confluence of the 50- and 200-day moving averages at 3,204 and 3,192 respectively. A break below this level is unlikely as down-momentum is weak. This is

SINGAPORE (Feb 23): QAF, the multi-industry food company, reported a 96% fall in 4Q earnings to $2.1 million from $55.8 million a year ago on absence of one-off gain.

SINGAPORE (Nov 10): Multi-industry food company QAF saw its earnings fall 62% to $7.5 million for 3Q17 compared to $19.4 million of earnings a year ago on higher costs and expenses.

SINGAPORE (Nov 7): QAF, the multi-industry food company, has decided to put on hold the flotation of the group’s primary production business, citing current market conditions.

SINGAPORE (Sept 13): Multi-industry food company QAF has called for an extraordinary general meeting on Oct 6 to seek shareholders’ approval for the proposed listing of the group’s pork production business on the Australian Securities Exchange (ASX).

SINGAPORE (Aug 10): OCBC is ceasing coverage of QAF as the group redistributes its internal resources amid rising competition, currency volatility and costs.

SINGAPORE (Aug 8): QAF, the multi-industry food company, reported a 72% fall in 2Q17 earnings to $8.1 million from $28.8 million a year ago.