QAF

SINGAPORE (Feb 24): QAF, the multi-industry food company, reported FY16 earnings more than doubled to $120.4 million from $52.5 million a year ago after the group recorded an exceptional gain of $59.4 million from the sale of a 20% stake in GBKL in April.

SINGAPORE (Feb 1): OCBC is keeping its “neutral” call for the consumer sector but reiterating its “buy” on supermarket operator Sheng Siong Group with a target price of $1.15, thanks to the company’s management strength and largely stable, cash-

SINGAPORE (Jan 11): Here are some stocks that could move the market this Wednesday morning:

SINGAPORE (Jan 10): Food company QAF announced Tuesday that it is planning to expand its existing bread and bakery products businesses in the Philippines for a total investment cost of around $34.0 million.

SINGAPORE (Nov 30): OCBC Investment Research has declared Sheng Siong Group (SSG) as its latest and sole preferred “buy” pick at an estimated fair value of $1.15, while maintaining its “neutral” stance on Singapore’s consumer sector.

SINGAPORE (Nov 29): OCBC is maintaining its “buy” call on multi-industry food company QAF with a fair value of $1.46 given supportive growth conditions like favourable raw material prices due to ample global supply.

SINGAPORE (Aug 17): OCBC Investment Research has maintained its “buy” recommendation for QAF, with a higher fair value of $1.33 from $1.27 previously, on the back of the group’s declared interim dividend, its stock outperformance against the Straits

SINGAPORE (Aug 12): Food company QAF saw a more than doubling of 2Q earnings to $28.8 million from $12.2 million a year ago due to an exceptional gain of $9.7 million from the group’s sale of a 20% stake in wholly-owned subsidiary Gardenia Bakeries KL (

SINGAPORE (June 24): OCBC has maintained its “neutral” outlook for the consumer sector, with “buy” calls for Sheng Siong Group at a target price of 95 cents and QAF at a target price of $1.27, says OCBC in a Friday report.