QAF

Gardenia has increased the prices of its bread...

Anyone think that the CEO's pay is too high like me?

Around 2.5 millions for a not complicated business

Further more, structured 81% salary, only 17% bonus.

Anyone know the justification? Thanks

why nobody selling cheap cheap?

http://www.businesstimes.com.sg/premium/...s-20140813

PUBLISHED AUGUST 13, 2014
Pork segment boosts QAF's Q2 earnings
BYAMANDA EBER
aeber@sph.com.sg

MULTI-FOOD group QAF Ltd, the makers of Gardenia bread, posted a trebling in second-quarter net profit to S$9.32 million, from S$3.1 million a year ago.
The April-June surge in profit attributable to equity-holders is thanks to higher profitability from its Rivalea pork business. Rivalea, the largest producer of pork in Australia and the Australasian region, achieved greater profits thanks to a better product mix combined with a higher overall selling price.
QAF's trading and logistics business also brought in higher profits due to increased sales from its food trading activities, as well as higher rental income from its cold storage operations.
Furthermore, QAF experienced a 20 per cent drop in other operating expenses to S$19.4 million as compared to a year ago, thanks to a foreign exchange gain of S$0.4 million compared with a S$4.2 million loss a year earlier.

QAF more than doubles Q3 earnings
By
Chan Yi Wenyiwenc@sph.com.sg@ChanYiWenBT
reu329168545.jpg QAF more than doubled its net profit for the three months ended Sept 30 from a year ago, as a result of increased profitability across all its business segments, particularly in its Australian pork business, Rivalea. PHOTO: REUTERS
14 Nov5:50 AM
Singapore

QAF more than doubled its net profit for the three months ended Sept 30 from a year ago, as a result of increased profitability across all its business segments, particularly in its Australian pork business, Rivalea.

The Singapore-listed company's net profit surged from S

While the business is not sexy, it is a bread and butter story with the company's bakery operation commanding market leadership in almost all countries it operate in. It's brand is so strong that it could price its products by more than 10% premium compared to competitors.

With low energy prices, QAF should see its earnings hitting record high in FY2015. China operation should incur start-up costs but this should in turn drive the next stage of growth.

This stock is not for quick return but if you have the patience and you believe in the merit of defensive consumer stock, then this is one stock which you must not miss.

Vested since 2009.

(14-11-2014, 07:25 AM)greengiraffe Wrote: QAF more than doubles Q3 earnings
By
Chan Yi Wenyiwenc@sph.com.sg@ChanYiWenBT
reu329168545.jpg QAF more than doubled its net profit for the three months ended Sept 30 from a year ago, as a result of increased profitability across all its business segments, particularly in its Australian pork business, Rivalea. PHOTO: REUTERS
14 Nov5:50 AM
Singapore

QAF more than doubled its net profit for the three months ended Sept 30 from a year ago, as a result of increased profitability across all its business segments, particularly in its Australian pork business, Rivalea.

The Singapore-listed company's net profit surged from S

http://business.asiaone.com/news/higher-...afs-profit

Higher prices, increased productivity and lower costs all helped to boost QAF's full-year profit. The food group, whose units include bread producer Gardenia and Australian meat supplier Rivalea, saw its net profits rise 49 per cent to $45.1 million for the 12 months to Dec 31. In a statement yesterday, QAF attributed the rise to higher overall prices arising from a better product mix, along with productivity gains and lower raw material costs. The increase came despite revenue decreasing marginally to $1.023 billion from $1.024 billion for the full year. While revenue remained stagnant, QAF stated that its operations had achieved increased sales across the board. It attributed the plateau in revenue to the falling Australian dollar, resulting in Australian meat subsidiary Rivalea seeing sales drop by 5 per cent when expressed in Singapore dollars. Despite "challenging economic conditions", wherein "the regional economies are expected to experience slower growth", with foreign exchange rates of regional currencies predicted to be "volatile", the group said it still expects sales increases from its bakery and primary production operations. The group has bakery operations in Singapore, Malaysia, the Philippines, and Australia, with a new subsidiary opened in China last year. Earnings per share was 8.2 cents for the full year, up from 5.6 cents previously. Net asset value per share as at Dec 31 was 74.7 cents, up from 72.6 cents a year earlier. The group has proposed a final dividend of four cents per share, unchanged from the previous year. QAF shares closed 0.5 cent higher at $1.04 yesterday.

This article was first published on February 27, 2015. Get a copy of The Straits Times or go to straitstimes.com for more stories. - See more at: http://business.asiaone.com/news/higher-...Veldj.dpuf

http://www.businesstimes.com.sg/companie...3-to-s131m

QAF considers restructuring Malaysia unit; Q1 net profit up 3% to S$13.1m

QAF, known for its Gardenia and Bonjour brands of bread, said it was evaluating options to restructure Gardenia Bakeries (KL) Sdn Bhd (GBKL), a 70 per cent-owned Malaysian subsidiary that contributes a significant amount of revenue and profit.

GBKL manufactures and distributes bread and bakery products in Malaysia. The subsidiary had purchased land for its plant in 1996 and was granted the manufacturing licence with an equity condition attached by the relevant Malaysia government agency.

The equity condition was imposed under Malaysia's then-new economic policy (NEP) such that foreign companies had to reduce its ownership stake to not more than 30 per cent over time.

The NEP was changed in June 2004 and 100 per cent foreign equity holding is now allowed for all investments in new projects.

But notwithstanding the change in the NEP, the relevant agency has written to QAF to follow up on GBKL's compliance with the NEP, QAF said.

"The company has responded and obtained an extension for the compliance of the equity conditions until May 7, 2016."

For the financial year ended 2014, GBKL contributed S$298 million in revenue and S$10.7 million in profit before tax to QAF group financials. This works out to about 30 per cent of revenue and close to 20 per cent of profit before tax.

Meanwhile, QAF reported a net profit of S$13.1 million for the three months ended March 31, 2015, up 3 per cent from S$12.7 million a year ago. Revenue was up 6 per cent to S$256.4 million, from S$243 million a year ago.

"Barring any unforeseen circumstances, the group expects to achieve an encouraging level of sales and profitability for the second quarter ending June 30, 2015," QAF said.

Price shot up more than 10% to close at all time high of $1.23 last Friday? Any corporate activities coming up?

supposed to be deleted on index rebalacing but close at day's high with no sellers left...

(20-06-2015, 11:37 AM)Stirling Wrote: Price shot up more than 10% to close at all time high of $1.23 last Friday? Any corporate activities coming up?