QAF Limited

The total amount received under the group’s applicable insurance policies is RM109 million, with tax liabilities of RM24 million.

QAF is expected to record a non-cash impairment of approximately $9.2 million in its 1HFY2023 results.

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

Assuming all submitted claims are accepted, the group is expecting to recognise exceptional gains of $20 million for the FY2022.

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

Following the disposal, QAF intends to pay a special dividend of 2 cents per share, amounting to some $11.5 million in total.

SINGAPORE (Mar 23): Although quarterly momentum appears ambivalent as it is consolidating beneath its own moving average, prices are intact. They have established support at the confluence of the 50- and 200-day moving averages which are moving into an in

SINGAPORE (May 8): QAF, the manufacturer of Gardenia sliced bread, reported earnings of $3 million for the 1Q18 ended March, down 79% from earnings of $14 million in 1Q17 on lower revenue and higher costs and expenses.

SINGAPORE (May 9): QAF, the multi-industry food company, reported earnings of $14.2 million for the first quarter ended March 31, 13% down from the $16.4 million reported in the same quarter a year ago on the back of lower revenue.