tag:blogger.com,1999:blog-7944902213075756335.post7149483154299991977..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): QAF's 2Q17 profit after tax fell 72%.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger40125tag:blogger.com,1999:blog-7944902213075756335.post-67714535267308891492020-02-28T09:21:12.888+08:002020-02-28T09:21:12.888+08:00Hi Rae,
I don't have anything new to say abou...Hi Rae,<br /><br />I don't have anything new to say about this, really.<br /><br />The pork business in Australia was hit by a cyclical downturn and it has lasted longer than expected.<br /><br />It reminds me of the cyclical downturn in the oil and gas industry that has hit even heavyweights like SembMarine and SembCorp hard for many years.<br /><br />Of course, if the decline is not due to AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-81953384221264806272020-02-27T14:23:19.914+08:002020-02-27T14:23:19.914+08:00Hi AK,
I've loaded this loti (bread) in yr 20...Hi AK,<br /><br />I've loaded this loti (bread) in yr 2016. <br />Since then business took a turn till recently when things getting bright abit i loaded again.<br /><br />If possible, can you talk to yourself again. ? <br />Thank you.Raehttps://www.blogger.com/profile/03420794513252898662noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67208091100080652622020-01-08T15:53:30.509+08:002020-01-08T15:53:30.509+08:00Hi Invest Sg,
Thanks for sharing the update. :)Hi Invest Sg,<br /><br />Thanks for sharing the update. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73973755493455176682020-01-08T12:09:38.029+08:002020-01-08T12:09:38.029+08:00QAF (source: Maybank KE highlights)
- Updated that...QAF (source: Maybank KE highlights)<br />- Updated that the ongoing bushfires in south-east Australia have not affected its primary production business or operations to-date.<br />- Rivalea Australia’s business is located principally in southern New South Wales and Victoria and its largest farm in Corowa is 160km away from the nearest blaze.<br />- But there are some restrictions on visibility Invest Sghttps://www.blogger.com/profile/08190446446852309354noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73214014180599677402019-08-10T23:58:54.417+08:002019-08-10T23:58:54.417+08:00Hi Gerald,
Nothing new to say, really.
See:
3Q 2...Hi Gerald,<br /><br />Nothing new to say, really.<br /><br />See:<br /><a href="https://singaporeanstocksinvestor.blogspot.com/2018/10/3q-2018-passive-income-non-reits-qaf.html" rel="nofollow">3Q 2018 QAF.</a><br /><br />That sums it up pretty well for me.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52339067748701011142019-08-09T19:53:52.676+08:002019-08-09T19:53:52.676+08:00Hello AK.
Possible to talk to yourself on qaf. :...Hello AK. <br /><br />Possible to talk to yourself on qaf. :)Raehttps://www.blogger.com/profile/03420794513252898662noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75499006126115678092018-12-07T10:17:26.742+08:002018-12-07T10:17:26.742+08:00See:
3Q 2018: Wilmar.See:<br /><a href="https://singaporeanstocksinvestor.blogspot.com/2018/09/3q-2018-passive-income-non-reits-wilmar.html" rel="nofollow">3Q 2018: Wilmar.</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75808378670162385672018-12-07T10:15:30.481+08:002018-12-07T10:15:30.481+08:00Hi tangara,
I don't know how long the down cy...Hi tangara,<br /><br />I don't know how long the down cycle is going to last.<br /><br />Look at Wilmar's down cycle, for example.<br /><br />It has lasted for many years.<br /><br />However, I have stayed invested and even added from time to time as I believe that the cycle will turn up again eventually.<br /><br />If we are not willing or able to hold our position, for peace of mind, itAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-28376370328524796512018-12-06T14:57:23.026+08:002018-12-06T14:57:23.026+08:00Thanks AK71 for your reply.
My only worried is th...Thanks AK71 for your reply.<br /><br />My only worried is that most stocks go thru some kind of cycle but the wait for the cycle to ends could be very long. In the past, when oil was booming, it sort of made the oil related industries buoyed. But, now look at those companies, it is now reduced to a stage where it never see the light at the end of tunnel.<br /><br />I just wonder how temporary tangarahttps://www.blogger.com/profile/00885447306530264686noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4729936698683464622018-12-06T00:13:45.653+08:002018-12-06T00:13:45.653+08:00Hi tangara,
I believe that the oversupply of pork...Hi tangara,<br /><br />I believe that the oversupply of pork in Australia is a cyclical issue and the downturn has to be temporary.<br /><br />If we believe that the issue is structural (e.g. change in consumption patterns), then, the pork business could be kaput.<br /><br />Do what you feel is right.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62642894326358275072018-12-04T14:26:06.442+08:002018-12-04T14:26:06.442+08:00Hi Ak,
Do you still hold your views that the prob...Hi Ak,<br /><br />Do you still hold your views that the problems of QAF is temporary, now that the share price has dropped further?tangarahttps://www.blogger.com/profile/00885447306530264686noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29664951746829386712018-02-27T11:15:27.116+08:002018-02-27T11:15:27.116+08:00Reader says...
Qaf recent results showed dip in pr...Reader says...<br />Qaf recent results showed dip in profit. <br />I happen to see a recent write up of QAF, on a scale of 0 (weak/ poor) to 100 (strong/gd), QAF is rated as follow:-<br /><br />Growth Opportunity (16) <br /><br />Recent Business Performance (0) <br /><br />Financial Strength (100) <br /><br />Return to Shareholders (10) <br /><br />Competitive Advantage (62) <br />Also <br />DebtAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-13154729791164197082018-02-26T10:37:50.465+08:002018-02-26T10:37:50.465+08:00Hi betta,
I said this to another reader in anothe...Hi betta,<br /><br />I said this to another reader in another blog post:<br /><br />"We have to ask if the bad news is about permanent and enduring changes in the business or whether it is cyclical or a one off thing. Then, we will have our answer."<br /><br />Same same here. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19837653411559558282018-02-26T10:26:03.243+08:002018-02-26T10:26:03.243+08:00Looks like the poor showing persist into Q4. Lucki...Looks like the poor showing persist into Q4. Luckily final dividends maintained. Any concerns ?<br /><br />https://www.theedgesingapore.com/qafs-4q-earnings-fall-96-21-mil-absence-one-gainBetta manhttps://www.blogger.com/profile/02597553932202096004noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71436268385921291172017-12-31T09:51:39.259+08:002017-12-31T09:51:39.259+08:00Following a strategic review, breadmaker QAF said ...Following a strategic review, breadmaker QAF said it had decided to cease its bakery operations in China, which continue to be loss-making. The Chinese bakery operations are undertaken through a 55 per cent held subsidiary of the group, with the remaining 45 per cent held by a company in which controlling shareholder Lin Kejian has an interest.<br /><br />"The proposed cessation is not AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65857610701611714602017-11-09T09:29:28.759+08:002017-11-09T09:29:28.759+08:00Hi John,
Well, fundamentally, the businesses are ...Hi John,<br /><br />Well, fundamentally, the businesses are OK.<br /><br />However, the oversupply of pork in Australia is an issue that will take some time to be digested. How long would it take? I don't know exactly, for sure, but it could take a few years.<br /><br />So, I believe that weaker performance as a whole is to be expected.<br /><br />This is something investors in QAF must be AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4619328431211677412017-11-08T14:45:44.412+08:002017-11-08T14:45:44.412+08:00Hi AK,
Had the news affected your long term views...Hi AK,<br /><br />Had the news affected your long term views of QAF?johnhttps://www.blogger.com/profile/07286541085901212787noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31874183006166606652017-11-07T11:30:39.200+08:002017-11-07T11:30:39.200+08:00Reader said...
What's your take on this, AK ? ...Reader said...<br />What's your take on this, AK ? I think this will negatively affect QAF's share price. <br /><br />------------------------------------<br />Pulled pork as Rivalea calls off IPO <br />The Australian, November 7, 2017<br /><br />The curse of the failed float has hit again: pork producer Rivalea has pulled out from its planned initial public offering in another sign that AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34717137604156146742017-10-11T11:03:51.942+08:002017-10-11T11:03:51.942+08:00Hi Wei Yi,
Thanks for sharing your thoughts. Much...Hi Wei Yi,<br /><br />Thanks for sharing your thoughts. Much appreciated. :)<br /><br />The oversupply of pork in Australia could last for a while and, in such an instance, QAF's earnings could come under pressure.<br /><br />Yes, although I did average up my investment in QAF earlier this year, it is good that readers remember I first became an investor at under 70 cents a share and AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-53461210277973660262017-10-11T10:52:51.178+08:002017-10-11T10:52:51.178+08:00Hi AK,
I appreciate your conservative approach to...Hi AK,<br /><br />I appreciate your conservative approach to QAF Ltd. As you mentioned there are near-to-mid term negatives facing the company:<br /><br />Decline in EPS from:<br />- De-consolidation of Gardenia Malaysia business<br />- Spin off of Rivalea<br />- Increase in costs from Philippines <br /><br />Good to reduce/exit position and wait for more clarity before deciding what to do next. Hellohttps://www.blogger.com/profile/05916972925653427678noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91783348550401020082017-10-11T09:20:16.110+08:002017-10-11T09:20:16.110+08:00Recently, QAF announced plans to list up to 49% of...Recently, QAF announced plans to list up to 49% of its primary production business on the Australian Securities Exchange (ASX) for approximately S$88.8 million. I attended the QAF EGM last week to understand the management’s rationale for the proposed listing and its potential impact on shareholders.<br /><br />1. QAF’s earnings per share will drop from 21.4 cents to 16.6 cents illustratively if AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-50625502343083627122017-10-05T11:06:50.958+08:002017-10-05T11:06:50.958+08:00Reader said...
I read (from some other interview, ...Reader said...<br />I read (from some other interview, can't remember source) that you<br />have divested your shares of QAF?<br /><br />I am still reading and understanding the gist of the spin-off of its<br />Aussie pork business ("Rivalea").<br /><br />Based on the pro-forma EPS of 16.6cents a share, even a $1.23 share<br />price is a PE of about 7... which looks cheap. I think AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-64682398768880168742017-09-18T23:14:53.096+08:002017-09-18T23:14:53.096+08:00Hi Kevin,
You would be interested in this blog:
H...Hi Kevin,<br /><br />You would be interested in this blog:<br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2017/08/how-to-deploy-croesus-retail-trust-money.html" rel="nofollow">How to deploy the Croesus Retail Trust money?</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18876360357827819352017-09-18T20:05:15.450+08:002017-09-18T20:05:15.450+08:00Hi AK,
My english and understanding needs to impr...Hi AK,<br /><br />My english and understanding needs to improve. ;P<br /><br />How are you going to deploy the $200,000 - $349,999 Croesus Retail Trust's funds since Blackstone's takeover is confirmed? <br /><br />Keeping cash or go on shopping spree? ;)Kevinhttps://www.blogger.com/profile/16280702711941276740noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-21490633892544336532017-09-18T19:56:23.626+08:002017-09-18T19:56:23.626+08:00Hi Kevin,
"I have dropped QAF as its share p...Hi Kevin,<br /><br />"I have dropped QAF as its share price declined quite a bit recently. It was a marginal $100K position."<br /><br />Translated, it means that I am still invested in QAF but it is no longer an investment that is worth $100K or more as its share price has declined. So, it has been dropped from the list.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com