Wednesday, October 10, 2012

QAF - Man can live on "roti" alone

I like the heading from the analyst's report from CIMB on QAF. It says that man can only live on bread alone. Well, true. It is a consumer staples which most people do eat it for breakfast typically.



Here's my summarized version and keytakeaway of the report from CIMB on QAF:

  • Defensive consumer staples with a nice dividend yield of $0.05/share (~6.6%).
  • Margin pressure from Massimo, a new competitor in the bread industry with inception in 2011.
  • Nevertheless, dividends looks to be sustainable.
  • Potential catalyst - chances of divestment of the pork production in Australia, which barely break-even.
  • Outlook - JV to set up a bakery in China, Fujian. No material impact on the growth trajectory in the near terms.

QAF

2 comments:

  1. I came across this link on insurance investment plan, hope can provide more insights.

    insurance investment plan

    ReplyDelete
  2. Thank you for sharing such great information.
    It has help me in finding out more detail about <a href="https://www.prudential.com.sg/products/protection/accident/prupersonal-accident>private medical insurance</a>

    ReplyDelete

UA-57154194-1