Highlights
KLSE: BJFOOD (5196)       BERJAYA FOOD BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
1.39   0.00 (0.00%)  1.37 - 1.39  85,400
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Financials


Market Cap: 531 Million

Market Cap 531 Million
NOSH 382 Million

Latest Audited Result:  30-Jun-2019

Latest Audited Result: 30-Jun-2019
Announcement Date 29-Oct-2019
Next Audited Result: 30-Jun-2020
Est. Ann. Date: 29-Oct-2020
Est. Ann. Due Date: 27-Dec-2020

Latest Quarter:  30-Sep-2019 [#1]

Latest Quarter: 30-Sep-2019 [#1]
Announcement Date 11-Nov-2019
Next Quarter: 31-Dec-2019
Est. Ann. Date: 11-Feb-2020
Est. Ann. Due Date: 29-Feb-2020
QoQ | YoY   2,169.95%  |    - %

Annual (Unaudited) ( EPS: 6.94, P/E: 20.04 )

Revenue | NP to SH 789,190  |  26,509
RPS | P/RPS 206.52 Cent  |  0.67
EPS | P/E | EY 6.94 Cent  |  20.04  |  4.99%
DPS | DY | Payout % 3.76 Cent  |  2.71%  |  54.13%
NAPS | P/NAPS 0.96  |  1.44
YoY   - %
NP Margin | ROE 3.34%  |  7.21%
F.Y. | Ann. Date 30-Jun-2019  |  20-Aug-2019

T4Q Result ( EPS: 4.67, P/E: 29.77 )

Revenue | NP to SH 641,665  |  17,844
RPS | P/RPS 167.91 Cent  |  0.83
EPS | P/E | EY 4.67 Cent  |  29.77  |  3.36%
DPS | DY | Payout % 2.85 Cent  |  2.05%  |  61.08%
NAPS | P/NAPS 0.97  |  1.43
QoQ | YoY   -11.96%  |    152.14%
NP Margin | ROE 2.75%  |  4.82%
F.Y. | Ann. Date 30-Sep-2019  |  11-Nov-2019

Annualized Result ( EPS: 4.82, P/E: 28.82 )

Revenue | NP to SH 721,740  |  18,432
RPS | P/RPS 188.87 Cent  |  0.74
EPS | P/E | EY 4.82 Cent  |  28.82  |  3.47%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -30.47%  |    - %
NP Margin | ROE 2.54%  |  4.98%
F.Y. | Ann. Date 30-Sep-2019  |  11-Nov-2019



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 1 / 4 25.00% 1 / 8 12.50%
Total Positive Profit Years 3 / 4 75.00% 6 / 8 75.00%
Continuous Quarters Of Positive Profit 3 / 4 75.00% 3 / 8 37.50%
Continuous Quarters Of Profit Growth 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Adjusted EPS Growth 1 / 4 25.00% 1 / 8 12.50%
Total Dividend Years 2 / 4 50.00% 5 / 8 63.00%
Continuous Quarters Of Dividend 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 1 / 4 25.00% 1 / 8 12.50%
Average ROE 0.59% 1.02%
Average Net Profit Margin 1.26% 2.26%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 1 / 5 20.00% 1 / 10 10.00%
Total Positive Profit Years 4 / 5 80.00% 9 / 10 90.00%
Continuous Years Of Positive Profit 1 / 5 20.00% 1 / 10 10.00%
Continuous Years Of Profit Growth 1 / 5 20.00% 1 / 10 10.00%
Continuous Years Of Adjusted EPS Growth 1 / 5 20.00% 1 / 10 10.00%
Total Dividend Years 4 / 5 80.00% 9 / 10 90.00%
Continuous Years Of Dividend 1 / 5 20.00% 1 / 10 10.00%
Continuous Years Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted Dps Growth 1 / 5 20.00% 1 / 10 10.00%
Average ROE 3.15% 13.74%
Average Net Profit Margin 1.51% 10.76%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 641,665 721,740 789,190 339,819 517,719
NP to SH 17,844 18,432 26,509 30,087 12,057
Dividend 10,899 14,345 14,350 10,715 11,707
Adjusted EPS 4.67 4.82 6.94 7.87 3.16
Adjusted DPS 2.85 3.75 3.76 2.80 3.06

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 62.91% 0.00% 0.00% 56.52% 48.87%
NP to Owner 2,169.95% 0.00% 0.00% 108.04% 18.47%
Dividend 0.00% 0.00% 0.00% 97.27% 55.82%
Adj. EPS 2,169.95% 0.00% 0.00% 108.04% 18.47%
Adj. DPS 0.00% 0.00% 0.00% 97.27% 55.82%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue -18.69% 23.94% 88.83% -8.55% 39.41% 112.39% 0.00% 52.44% 132.24%
NP to Owner -32.69% 48.00% -40.69% -30.47% 52.87% -38.74% 0.00% 119.86% -11.89%
Dividend -24.04% -6.90% 1.72% - % - % - % 0.00% 22.58% 33.92%
Adj. EPS -32.69% 48.00% -40.69% -30.47% 52.87% -38.74% 0.00% 119.86% -11.89%
Adj. DPS -24.04% -6.90% 1.72% - % - % - % 0.00% 22.58% 33.92%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Analyze this stock with MQ Trader system
  7 people like this.
 
Yi Heng bjfood not only manage Starbuck malaysia?profit in china got contribute to bjfood?
18/01/2019 8:30 PM
RainT no la

BJFOOD only get the franchise license in Msia only

other countries Starbucks not relate with BJFOOD

it relate with parent company of Starbucks in USA
22/01/2019 11:34 PM
signalmw Fgv
23/01/2019 3:55 PM
Good123 the only profitable listed company using berjaya brand name as part of its name (shariah compliant also)at this moment ... another one is the gaming company, bjtoto (non-shariah compliant)... :)
23/01/2019 5:11 PM
Good123 KRR will also introduce cheaper foods menu plus local favourite foods e.g. nasi lemak :)
23/01/2019 6:00 PM
commonsense 1H19 profit of RM13.2 mil is an improvement of 19% compared to 1H18 result of only RM11.1mil. The growth in both revenue and bottom line are driven by the company’s expansion of the Strabucks brand (opened 6 new outlets) couple by the lower losses of Kenny Rogers business (the company closed 3 loss making outlets during the period). Future growth will be driven by new Starbucks stores opening.

However, at the current share price, the valuation of Berjaya Food looks pretty expensive. Assuming that the company managed to reach a profit of RM30mil in FY19 (meaning 3Q and 4Q need to achieve an average profit of RM8.5mil which had only been achieve once in 3Q15), at the current share price the company would have already been valued at around 17x forward PE. Some investors might be a bit too bullish on the potential growth rate going forward and will potentially be disappointed if the profit growth slows down in FY20.

If you are looking to diversify your portfolio outside of Berjaya Food (due to its relatively high valuation) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
29/01/2019 10:17 AM
RainT so funny see some people link Starbucks China with BJFOOD

they must be still sleeping ,not yet wake up
01/02/2019 12:20 PM
BringMeFly https://www.thestar.com.my/business/business-news/2019/02/08/cimb-research-retains-add-for-berjaya-food-higher-target-price/
11/02/2019 5:19 PM
RainT don't trust investment banker analyst report la

dont your own judgement and decision

take it as pinch of salt

if u stay long in Bursa, you will very understand what I mean
05/03/2019 11:13 PM
ivan9511 bjfood seem is the one the BOSS want limit upppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp

Luciky I have bjfood , bjauto , bjland and bjc
as I said THEBOSS is playing trick
they not easy to let you guys take any single 0.5sen from his pocket
when we said BJland is the most cash in BJc then they chgn target see look I am right on them anyway buy all sure got one they cannot runaway

BJfood now maybe is the right one ?
07/03/2019 4:37 PM
RainT seem start get good profit already

recent quarter sales and profit look is on uptrend mode now
14/03/2019 6:09 PM
ckh823 Half of the raw materials in usd... Sure good la.. This is the highest revenue and profit in the quarter report... But dividend too less le.. Only 1 cent
14/03/2019 7:20 PM
shpg22 Current price is at high valuation. Upside is limited despite better result.
14/03/2019 8:33 PM
ckh823 Since 11 Mar, half of the daily transactions were created by Vincent Tan. No volume at all.... Can go Holland tomorrow
14/03/2019 9:06 PM
RainT Starbucks demand is always good in Msia

Problem is the high valuation now with the high PE

plus also with VT manipulation

not worth to invest counter
17/03/2019 6:21 PM
VFTRADER Start share buy back!!
Ops CF must be very strong if not getting loan...
21/03/2019 10:35 AM
James Ng https://klse.i3investor.com/blogs/general/205418.jsp
[转贴] [BERJAYA FOOD BHD:新的消费者信心水平加上集团的扩张计划,将推动集团的业务增长] - James的股票投资James Share Investing
07/05/2019 11:44 AM
ivan9511 ivan9511 the best move for me is sapu a lot of bjauto and bjfood when lowest price and I do this act because need to cover my bjc loss
As I comment many times on Bjland and Bjc forum want play VT counter cannot just all in Bjland ,
becuase when you guys look good on bjlbjc and especially when Vt mention Bjland is undervalued then must be careful Trap normally come now ,
so when VT say bjc Undervalued I start do strgy I sapu Bjc, Bjl , BJfood Bjauto ,Bjtoo

And I will sapu more 10% whenener I sapu bjland on 21sen
that mean my Bjfood and Bjauto are always more than bjland so that is cover me
when Bjland up I get bonus
if no up I made money from food and Auto
I have mention that we cannot put hope on BJC and Bjland must use VT other counter to cover
why I like Bjfood because VT cannot cover profit from Startbucks , as I said we can see Startbucks business everyday , Vt tak berani tell you Starbuck rugi
everytime I go genting Starbucks the most people coffee
no matter how expensive SB still got billions people like to drinks is a super profit company bjfood

Vt other business we cannot see on our eyes like property , media , hotel that why he can do a lot of backhand if he want
Bjland Bjc we susah nak tau ? Of cousre I only guess I have no evidence , so We cannot say Vt not honest unless we i=got evidence ?
food and Auto easy
Car sales keep increase
food is a must issue
12/06/2019 7:15 PM
12/06/2019 7:16 PM
James Ng https://klse.i3investor.com/blogs/general/210906.jsp
[转贴] [BERJAYA FOOD BHD:星巴克同店销售增长以及在马来西亚经营的星巴克咖啡馆与同一季度相比,数量有增加] - James的股票投资James Share Investing
15/06/2019 8:16 AM
kentg03 Drop until next quarter
21/06/2019 4:33 PM
TuhanSaham illiquid as fk
16/07/2019 6:41 PM
shortinvestor77 https://www.klsescreener.com/v2/news/view/571136
23/08/2019 9:35 PM
shortinvestor77 Drink starbuck at home lah.
23/08/2019 9:35 PM
Teh1986 Buy buy buy
03/10/2019 9:42 AM
Jeffreyteck Starbuck may be temporary ok (but challenges rising as there are many players and people like new things normally). As for kenny, going to expand more branches... end results is quite certain, failed is estimated. How many kenny are doing well? Only people who rented their premises to kenny may do well and those who undertake kenny renovation works doing well? As for minority, just wait for speculative play. Outstanding borrowings close to 300m, waw... can call for right issues to improve gearing, then got more $.
27/10/2019 4:27 PM
tm9999 Result like shit !!!
11/11/2019 9:22 PM
davidkkw79 PE too high, and kenny Roger's & Jolly bean too sucks....
15/11/2019 3:51 PM
VFTRADER [BIG BOSS]
-Previously bought under deem interest.
-Now bought under direct interest..
-and still buying........



[SHARE BUY BACK]
-Now start keep buying own share. CASH FLOW too strong??
20/11/2019 9:16 AM
kentg03 Keep buy but share price continue drop
20/11/2019 11:11 PM
Good123 not bad , recent quarter ended 30 sept 2019, revenue rm180mil , puasa month was inside this quarter also
22/11/2019 1:25 PM
Good123 bjfood is much better this year compared to last year
22/11/2019 1:26 PM
Good123 in 2018, quarterly revenue tak pernah sampai rm180mil macam Suku terkini thumb up
22/11/2019 1:27 PM
Good123 Our Top Buys

Amidst the heightened US-China trade tensions and a mounting global recession risk, we anchor our stock selection on: 1. Value stocks – Malayan Banking (discount to historical P/B ratio, dividend yield of 6–7% p.a.), RHB Bank (0.8–0.9x P/B ratio) and Serba Dinamik (steep discount P/E valuation to peer Dialog Group); 2. Defensive plays in a low interest rate environment – Tenaga Nasional (also potential rerating via a demerger exercise); 3. Beneficiaries of the US-China trade war/trade diversion – Top Glove (tariff advantage over Chinese exporters in the US market) and Westports and MMC Corp (trade diversion from the US-China trade war, as reflected in the increased throughput recently); and 4. Domestic consumption proxies – DRB-Hicom (also Proton’s turnaround), MBM Resources (also Perodua’s dominance in the local auto sector) and Berjaya Food (consumer lifestyle and experience) (Exhibit 5).

Source: AmInvest Research - 14 Oct 2019
22/11/2019 1:29 PM
Good123 lifestyle brand Starbucks, millennium likes it so much
22/11/2019 2:46 PM
Good123 only bjfood n bjtoto pay dividends. u won't go wrong buying it
22/11/2019 3:38 PM
Good123 other VT or berjaya stocks takda dividen, tak guna
22/11/2019 3:39 PM
Good123 setiap quarter hanya 1sen dividend untuk beli gula2 :)
10/12/2019 8:56 PM
Victor Yong harga syer boleh naikkah? buat macam ini :p

22-Nov-2019 22-Nov-2019 Buyback 125,000 1.320 1.360 View Detail
21-Nov-2019 21-Nov-2019 Buyback 125,000 1.300 1.340 View Detail
20-Nov-2019 20-Nov-2019 Buyback 150,000 1.340 1.360 View Detail
19-Nov-2019 19-Nov-2019 Buyback 150,000 1.360 1.390 View Detail
18-Nov-2019 22-Nov-2019 Buyback 700,000 1.300 1.400 View Detail
18-Nov-2019 18-Nov-2019 Buyback 150,000 1.380 1.400 View Detail
18-Nov-2019 18-Nov-2019 Cancel 476,520 0.000 0.000 View Detail
15-Nov-2019 15-Nov-2019 Buyback 400,000 1.360 1.410 View Detail
14-Nov-2019 14-Nov-2019 Buyback 250,000 1.380 1.410 View Detail
13-Nov-2019 13-Nov-2019 Buyback 200,000 1.390 1.410 View Detail
12-Nov-2019 12-Nov-2019 Buyback 850,000 1.350 1.390 View Detail
11-Nov-2019 11-Nov-2019 Buyback 500,000 1.370 1.390 View Detail
08-Nov-2019 15-Nov-2019 Buyback 2,500,000 1.350 1.410 View Detail
08-Nov-2019 08-Nov-2019 Buyback 300,000 1.370 1.400 View Detail
09-May-2019 09-May-2019 Buyback 680,000 1.700 1.730 View Detail
08-May-2019 08-May-2019 Buyback 1,000,000 1.720 1.750 View Detail
07-May-2019 07-May-2019 Buyback 270,000 1.750 1.760 View Detail
06-May-2019 06-May-2019 Buyback 350,000 1.740 1.760 View Detail
03-May-2019 03-May-2019 Buyback 500,000 1.770 1.790 View Detail
02-May-2019 09-May-2019 Buyback 3,312,100 1.700 1.790 View Detail
02-May-2019 02-May-2019 Buyback 512,100 1.770 1.790 View Detail
25-Mar-2019 25-Mar-2019 Buyback 106,500 1.600 1.620 View Detail
22-Mar-2019 22-Mar-2019 Buyback 100,000 1.620 1.620 View Detail
21-Mar-2019 21-Mar-2019 Buyback 500,000 1.630 1.640 View Detail
20-Mar-2019 20-Mar-2019 Buyback 300,000 1.610 1.660
11/12/2019 7:07 PM
DickyMe Buyback to close shop?
11/12/2019 7:09 PM
Good123 wait vt and bjcorp to buy from u guys. no rush to sell by right :)
12/12/2019 11:05 AM
Victor Yong is bjfood the next for privatisation after caring? :)

13-Dec-2019 Insider BERJAYA CORPORATION BERHAD (a substantial shareholder) acquired 148,300 shares on 12-Dec-2019.
13-Dec-2019 Insider BERJAYA CORPORATION BERHAD (a substantial shareholder) acquired 200,000 shares on 11-Dec-2019.
13-Dec-2019 Insider BERJAYA CORPORATION BERHAD (a substantial shareholder) acquired 100,000 shares on 11-Dec-2019.
13-Dec-2019 Insider BERJAYA GROUP BERHAD (a substantial shareholder) acquired 148,300 shares on 12-Dec-2019.
13-Dec-2019 Insider BERJAYA GROUP BERHAD (a substantial shareholder) acquired 200,000 shares on 11-Dec-2019.
13-Dec-2019 Insider BERJAYA GROUP BERHAD (a substantial shareholder) acquired 100,000 shares on 11-Dec-2019.
13-Dec-2019 Insider JUARA SEJATI SDN BHD (a substantial shareholder) acquired 148,300 shares on 12-Dec-2019.
13-Dec-2019 Insider JUARA SEJATI SDN BHD (a substantial shareholder) acquired 200,000 shares on 11-Dec-2019.
13-Dec-2019 Insider JUARA SEJATI SDN BHD (a substantial shareholder) acquired 100,000 shares on 11-Dec-2019.
13-Dec-2019 Insider TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN (a substantial shareholder) acquired 148,300 shares on 12-Dec-2019.
13-Dec-2019 Insider TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN (a substantial shareholder) acquired 200,000 shares on 11-Dec-2019.
13-Dec-2019 Insider TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN (a substantial shareholder) acquired 100,000 shares on 11-Dec-2019.
11-Dec-2019 Insider TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN (a substantial shareholder) acquired 110,000 shares on 10-Dec-2019.
11-Dec-2019 Insider TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN (a substantial shareholder) acquired 21,800 shares on 10-Dec-2019.
11-Dec-2019 Insider TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN (a substantial shareholder) acquired 99,900 shares on 09-Dec-2019.
11-Dec-2019 Insider TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN (a substantial shareholder) acquired 60,000 shares on 09-Dec-2019.
11-Dec-2019 Insider JUARA SEJATI SDN BHD (a substantial shareholder) acquired 110,000 shares on 10-Dec-2019.
11-Dec-2019 Insider JUARA SEJATI SDN BHD (a substantial shareholder) acquired 21,800 shares on 10-Dec-2019.
11-Dec-2019 Insider JUARA SEJATI SDN BHD (a substantial shareholder) acquired 99,900 shares on 09-Dec-2019.
11-Dec-2019 Insider JUARA SEJATI SDN BHD (a substantial shareholder) acquired 60,000 shares on 09-Dec-2019.
11-Dec-2019 Insider BERJAYA CORPORATION BERHAD (a substantial shareholder) acquired 110,000 shares on 10-Dec-2019.
11-Dec-2019 Insider BERJAYA CORPORATION BERHAD (a substantial shareholder) acquired 21,800 shares on 10-Dec-2019.
11-Dec-2019 Insider BERJAYA CORPORATION BERHAD (a substantial shareholder) acquired 99,900 shares on 09-Dec-2019.
11-Dec-2019 Insider BERJAYA CORPORATION BERHAD (a substantial shareholder) acquired 60,000 shares on 09-Dec-2019.
11-Dec-2019 Insider BERJAYA GROUP BERHAD (a substantial shareholder) acquired 110,000 shares on 10-Dec-2019.
11-Dec-2019 Insider BERJAYA GROUP BERHAD (a substantial shareholder) acquired 21,800 shares on 10-Dec-2019.
11-Dec-2019 Insider BERJAYA GROUP BERHAD (a substantial shareholder) acquired 99,900 shares on 09-Dec-2019.
11-Dec-2019 Insider BERJAYA GROUP BERHAD (a substantial shareholder) acquired 60,000 shares on 09-Dec-2019.
16/12/2019 2:40 PM
Victor Yong Berjaya Food has rebounded from its low to test the immediate resistance level of RM1.42. With a rising RSI, a bullish bias may be present above this mark with target prices of RM1.48 and RM1.52. In this case, the immediate support is anticipated at RM1.35, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.42
Target: RM1.48, RM1.52 (time frame: 3-6 weeks)
Exit: RM1.35

Source: AmInvest Research - 29 Nov 2019
16/12/2019 2:41 PM
Victor Yong AmInvest keeps Berjaya Food at ‘buy’ but lowers FV to RM1.57
BUSINESS
Wednesday, 13 Nov 2019


The research house reduced the company’s full-year earnings forecast for FY20F, FY21F and FY22F by 21.4%, 17.9% and 13.0% respectively.

“This is to account for the impact of the MFRS 16 on BFood, ” it explained.

AmInvest Research said its valuation was pegged to a P/E of 25 times CY20F which is 2SDs above its historical one year forward P/E.

“BFood’s 1QFY20 core net profit of RM4.6mil is below our and street’s full-year earnings forecast accounting for 16.7% and 15.3% respectively.


“The deviation was mainly due to the adverse effect of the MFRS 16 which resulted in a higher depreciation and interest expense.

“Excluding the MFRS 16 impact, PBT would have been RM10.8mil (RM8.6mil with the MFRS 16 adoption).

“We continue to like BFood on the back of its stellar Starbucks brand, planned store expansions and efforts in turning around Kenny Rogers Roasters (KRR).

“Key risks to our forecast include store expansion delays, a slower-than-expected turnaround of KRR and a sharp appreciation in raw materials costs, ” it said.

AmInvest Research said BFood’s 1QFY20 revenue was RM180.4mil (+9.5% year-on-year based on its calculations).

Starbucks’ revenue grew 10.5% y-o-y to RM151mil in 1QFY20 while KRR fell marginally by 0.2% to RM20.0mil and Jollibean’s revenue grew 3.1% to RM6.1mil.

“We believe sales improved on the back of the additional 34 Starbucks stores (303 stores) although same store sales growth (SSSG) remained flattish. Jollibean enjoyed a 1% SSSG and is on track for further growth as its franchisee has opened several stores.

“BFood has also introduced Kopi Alley Plus, a three-in-one concept store in Singapore, which is expected to further buoy its Singapore operations.

“On the other hand, KRR’s revenue dropped marginally by 0.2% as SSSG fell by 2% y-o-y in 1QFY20.

“BFood’s EBIT of RM15.7mil (+5.4% y-o-y) brought EBIT margin to 8.7% (circa 9.0% previously). Starbucks’ EBIT grew marginally by 1% y-o-y to RM17.2mil in 1QFY29 while Jollibean’s EBIT dropped to a loss of RM63K (-RM9K previously). KRR’s loss before interest and tax narrowed to RM1mil (-RM1.3mil previously), ” it said.
16/12/2019 2:56 PM
Victor Yong BFood sees 3.92% of its shares traded off-market
theedgemarkets.com


October 18, 2019 19:02 pm +08

KUALA LUMPUR (Oct 18): Berjaya Food Bhd (BFood) saw 3.92% of its shares traded off-market today.

According to Bloomberg, some 14.06 million shares changed hands at RM1.42 a piece at 10.5 am, for a total value of RM19.97 million.

This represents a six sen or 4.05% discount to BFood’s closing price today of RM1.48.

At the time of writing, the identities of the parties involved in the off-market trade could not be ascertained.

As of Sept 25, BFood’s largest shareholder was Berjaya Corp Bhd with a 46.07% stake, followed by DBS Holdings Ltd with 5.15%.

Shares in BFood closed 1.37% or two sen higher at RM1.48, valuing the company at RM565.57 million. The counter saw 316,900 shares traded.
16/12/2019 3:06 PM
Victor Yong :)

Friday, 13 Dec 2019

5:42PM BJFOOD VINCENT TAN CHEE YIOUN (448,300 units Acquired)

5:41PM BJFOOD JUARA SEJATI SDN BHD (448,300 units Acquired)

5:40PM BJFOOD BERJAYA GROUP BERHAD (448,300 units Acquired)

5:39PM BJFOOD BERJAYA CORPORATION BERHAD (448,300 units Acquired)


Wednesday, 11 Dec 2019

5:51PM BJFOOD JUARA SEJATI SDN BHD (291,700 units Acquired)

5:51PM BJFOOD BERJAYA GROUP BERHAD (291,700 units Acquired)

5:51PM BJFOOD BERJAYA CORPORATION BERHAD (291,700 units Acquired)

5:50PM BJFOOD VINCENT TAN CHEE YIOUN (291,700 units Acquired)


Monday, 9 Dec 2019

5:40PM BJFOOD VINCENT TAN CHEE YIOUN (50,900 units Acquired)

5:40PM BJFOOD JUARA SEJATI SDN BHD (50,900 units Acquired)

5:40PM BJFOOD BERJAYA GROUP BERHAD (50,900 units Acquired)

5:40PM BJFOOD BERJAYA CORPORATION BERHAD (50,900 units Acquired)


Friday, 6 Dec 2019

5:52PM BJFOOD BERJAYA CORPORATION BERHAD (379,100 units Acquired)

5:52PM BJFOOD VINCENT TAN CHEE YIOUN (379,100 units Acquired)

5:52PM BJFOOD JUARA SEJATI SDN BHD (379,100 units Acquired)

5:52PM BJFOOD BERJAYA GROUP BERHAD (379,100 units Acquired)


Thursday, 5 Dec 2019

6:05PM BJFOOD General Meetings: Outcome of Meeting


Wednesday, 4 Dec 2019

6:16PM BJFOOD BERJAYA CORPORATION BERHAD (30,000 units Acquired)

6:16PM BJFOOD BERJAYA GROUP BERHAD (30,000 units Acquired)

6:16PM BJFOOD JUARA SEJATI SDN BHD (30,000 units Acquired)

6:16PM BJFOOD VINCENT TAN CHEE YIOUN (198,100 units Acquired)


Tuesday, 3 Dec 2019

5:28PM BJFOOD JUARA SEJATI SDN BHD (200,000 units Acquired)

5:28PM BJFOOD BERJAYA CORPORATION BERHAD (200,000 units Acquired)

5:28PM BJFOOD VINCENT TAN CHEE YIOUN (800,000 units Acquired)

5:28PM BJFOOD BERJAYA GROUP BERHAD (200,000 units Acquired)


Thursday, 28 Nov 2019

5:46PM BJFOOD JUARA SEJATI SDN BHD (306,500 units Acquired)

5:46PM BJFOOD VINCENT TAN CHEE YIOUN (494,800 units Acquired)

5:46PM BJFOOD BERJAYA CORPORATION BERHAD (306,500 units Acquired)

5:46PM BJFOOD BERJAYA GROUP BERHAD (306,500 units Acquired)


Monday, 25 Nov 2019

5:40PM BJFOOD BERJAYA GROUP BERHAD (543,500 units Acquired)

5:40PM BJFOOD BERJAYA CORPORATION BERHAD (543,500 units Acquired)

5:40PM BJFOOD JUARA SEJATI SDN BHD (543,500 units Acquired)

5:40PM BJFOOD VINCENT TAN CHEE YIOUN (663,500 units Acquired)

5:16PM BJFOOD 700,000 shares purchased into treasury


Friday, 22 Nov 2019

6:09PM BJFOOD 125,000 shares purchased into treasury


Thursday, 21 Nov 2019

5:56PM BJFOOD 125,000 shares purchased into treasury


Wednesday, 20 Nov 2019

6:12PM BJFOOD 150,000 shares purchased into treasury

5:48PM BJFOOD 476,520 units of treasury shares sold

5:22PM BJFOOD VINCENT TAN CHEE YIOUN (599,000 units Acquired)


Tuesday, 19 Nov 2019

6:02PM BJFOOD 150,000 shares purchased into treasury

5:21PM BJFOOD VINCENT TAN CHEE YIOUN (1,000,000 units Acquired)

5:20PM BJFOOD SYDNEY LAWRANCE QUAYS (56,000 units Transferred)

5:18PM BJFOOD TAN THIAM CHAI (16,000 units Transferred)

5:18PM BJFOOD MUSTAPHA BIN ABD HAMID (16,000 units Transferred)

5:17PM BJFOOD ZAINUN AISHAH BINTI AHMAD (16,000 units Transferred)

5:12PM BJFOOD DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)


Monday, 18 Nov 2019

5:47PM BJFOOD 150,000 shares purchased into treasury

5:20PM BJFOOD 476,520 units of treasury shares sold

5:05PM BJFOOD 2,500,000 shares purchased into treasury


Friday, 15 Nov 2019

6:04PM BJFOOD 400,000 shares purchased into treasury
16/12/2019 3:21 PM
Victor Yong started to see results :)

Segment information for the financial period ended 30 September 2019:
Group REVENUE RM'000
Malaysia 172,560 Singapore 6,260 Other South-East Asian countries 1,615 Total revenue 180,435
Group RESULTS RM'000
Malaysia 16,679 Singapore (387) Other South-East Asian countries (63) 16,229 Unallocated corporate expenses (510) Profit from operations 15,719 Investment related income - Interest income 94 Finance cost (7,245) Profit before tax 8,568 Taxation (3,990) Profit for the period 4,578
16/12/2019 3:56 PM
Victor Yong There was no share buyback during the financial period ended 30 September 2019.
The number of treasury shares held in hand as at 30 September 2019 was as follows:
Average price per share Number Amount RM of shares RM'000
Total treasury shares as at 30 September 2019 1.52 23,500,000 35,730
As at 30 September 2019, the number of outstanding shares in issue with voting rights (rounded to nearest thousand) was 358,642,000 ordinary shares.
16/12/2019 3:56 PM
Victor Yong The Group is engaged in developing and operating the "Starbucks Coffee" brand in Malaysia and Brunei, developing and operating the "Kenny Rogers Roasters" ("KRR") chain in Malaysia as well as "Jollibean" and various brands in Singapore. The key factors that affect the performance of all food and beverage businesses include mainly the festive seasons, tourism, eating out culture, raw material costs (coffee bean, chicken, side dishes, soya bean and effect of foreign exchange on raw materials etc), staff costs and consumer perception.
The summary results of the Group are as follows:
3-Month Ended 30/09/2019 30/09/2018 Variance RM'000 RM'000 %
Revenue 180,435 N/A N/A Profit from operations 15,719 N/A N/A Profit before tax 8,568 N/A N/A
Review of results for the current quarter The Group registered a revenue of RM180.44 million and pre-tax profit of RM8.57 million in the current quarter ended 30 September 2019.
The profit before tax for the current quarter under review was adversely impacted by the adoption of MFRS 16: Leases as disclosed in Note A1. MFRS 16 requires depreciation be charged on the right-of-use assets and interest expenses be incurred on lease liability instead of lease rental expenses, which was required by the previous accounting standard for leases, MFRS 117, to be charged out in profit and loss. In the current quarter under review and on the aggregate, the depreciation of right-of-use assets and the lease liability interest expense are higher than the lease rental expenses. Thus, this resulted in a lower profit before tax upon the adoption of MFRS 16. The profit before tax would have been RM10.78 million, if the lease rentals of all the leased outlets were accounted for under the previous accounting standard for leases.
16/12/2019 3:58 PM
Victor Yong Review of results of current quarter vs preceding period
3-Month 2-Month 1/7/2019 to 1/5/2019 to 30/9/2019 30/6/2019 Variance RM'000 RM'000 %
Revenue 180,435 110,760 63 Profit from operations 15,719 4,846 224 Profit before tax 8,568 2,288 274
The Group reported a revenue of RM180.44 million and pre-tax profit of RM8.57 million in the current quarter as compared to a revenue of RM110.76 million and pre-tax profit of RM2.29 million reported in the preceding 2-month period .
The lower revenue and pre-tax profit in the preceding 2-month period was mainly due to shorter reporting period and the impact of Muslim fasting month, which fell in that period.
16/12/2019 3:58 PM
Victor Yong Future prospects The overall results for the remaining quarters of the financial year ending 30 June 2020 will be adversely impacted by the adoption of MFRS 16 as almost all the Group's operating outlets are on lease. Nevertheless, the Group expects to mitigate this adverse impact with BStarbucks maintaining its revenue growth momentum, and the Group expanding both its income streams from new franchise business and its existing business. With these, it is anticipated that the operating results of the Group will remain satisfactory in the remaining quarters.
16/12/2019 3:59 PM