BJFOOD had in recent year embarked on outlet expansion. Another round of impairment losses to close unprofitable outlets? Wooing an irrational crowd bent on misguided boycott is an impossible goal. The attrition is permanent for many segments. Gives rise to competitor opportunity, and if well executed will continue to eat away market-share.
I agree with @speakup comments; Berjaya VT company, so "kind" to investors at large. The effects of boycott still remains to fully be priced into the numbers. Previous reports BF have expanded new outlets at many, capex usually 2~3 yr turnaround now will be further impacted by boycott. The situation also impacting SB internationally. Better to be sidelines till it is clear the numbers with dividends payout shift.
BJFood opened many new stores, may need some time to earn back those capex. However on back of higher turnover, reporting markedly lower profit is a red-flag. Not logical, since they've raised prices (which incidentally may have crossed barrier threshold for many consumers) yet unable to mitigate currency and inflationary increases? This alone points toward some serious shifts in price/profit model...past history off the table? Or is it typical shuffling around?
Personally I stopped/reduced Sb consumption, taste and quality gone down, also the service is erratically different in various outlets. I visited one outlet and ordered some pastry, requested for regular cutlery only to be told not available. Well moments later adjacent table got non-plastic cutlery. Their service quality is at whims of the staff, too playful at times as observed. I think structurally they better shape up.
price discovery in downward spiral... like someone said: Best not to try catch a falling knife. Numbers looks fuzzy, no clear stewardship, expect low, very lows to be hit. Their management also reporting quality is very poor...so take your chances. EPS and DPS is your guide, do the maths to figure out how low it can/will go. Forget IPO numbers, semua kena goreng ady.
To be fair, the Farm Fresh brand is gaining foothold in chilled milk sector.. see it all around everywhere in Klang Valley. If the management efficiently manage and report transparently, maybe they can grow to rival market leader. Susu cap junjung still leads the way.
Quality stock, potential waiting inside. High dividend is reflective of AIMS disposal; on positive side, disposal was to facilitate onboarding partnership with DigitalBridge? This new partneship potentially opens up regional/international earnings to come. Company is well managed; PER bit on high side, could taper downside a bit. Accumulate on dips.
Bit of run-up (probably hindsight to this dividend/deal) from Nov'22. I figure any dips should find attractive bottoming at 4.50~4.75 levels. Per consensus price calls, likely to be brief on downside before recovering to current levels.
@DouglasLiu to get started with new hire in such an endeavor? Tough going I would think. Getting teamwork to work in synergy will be the bigger challenge.
US company in question is a startup, having crowd-funded their product, not really an established concern with vast experience and deep pockets. US consumer market facing mountains of inflation driven issues, not quite the boom. Stormy journey for successful completion of contract. On other hand if the product is well received, scaling production up will be challenging.
Read a blog article highlighting potential of this company on purported new RM100m/yr business. Some numbers floated. The idea that a reputed US company selected a company of this profile sniffs out lots of hidden can of worms. That company probably is an outlier in EMS, since EMS is typically an engineering and manufacturing endeavor, neither of which has been evidenced for this company. In fact news items point to mainly software IT projects, most recently some banking Blockchain project in Cambodia, Enough red flags waving all around. It's well and good if they deliver, but likely window dressing goreng counter.
Based on recent comments, it is clear the price is a control by VT group, prudently advised to skirt regulatory requirements yet within the law. Still unsavory tactics. Without doubt the crown jewel in this counter is the Starbucks franchise.
Bit of speculation is only way to look at this, fundamental valuations easily matter less whenever they're up to intra-company maneuvers. 2023 price-action exhibits a point of control RM1.00. However 2022 volume profiles indicate a lower floor at 0.60, which I think will be a reasonable downside target. Simply accumulate at these lower points if you have patience, VT will surely want to reward insider EOS etc at RM1.00 levels, so a revisit definitely on the cards. The lower lows and lower highs trend continues, expect more downside. Mar qtr end results to provide headwinds.
Haha, @KimSua .. next support level 0.575 (weak) and 2nd 0.540 (stronger)
Seems we're on same technicals. 0.575 is the peak from Feb'22 while 0.55 is a Dec'19 followed by multiple peaks throughout. These should hold. If shoots below 0.54 and remains there long then a re-think is probably prudent. Otherwise, fill your bags people, opportunity abound.
OIl and gas is set to shine in years to come, imminent shortage of processing capacity expected due to geopolitical policy focus on ESG discouraging investments in oil/gas. Reality points to ESG as another political agenda, many comments suggest renewables are simply nowhere in replacing world appetite for oil. This underinvestment will probably come to haunt everyone sometime soon.
Major shareholders pump price up for some bag-holders as they step the price in stages, need cycle down to reap some low hanging fruit. Same for all Malaysian listed companies. Armada did a high of 0.725 recently, some bag-holders bought in at 0.69 (try looking at volume profiles). Sure to have some panic sell, but many will hold on... after all the funadamentals of this counter are still good; industry outlook is shining. 2023 pattern suggests 0.59 as a major holding point, juicy liquidity for some to drive prices down to shake holders out. Perhaps a visit to 0.55 momentarily will do it. Going below 0.54 staying thereabouts may mean a new dynamic in play, time to re-strategize.
Almost RM1B revenue FY22; preceding 2 qtr likely on track for RM1B mark this FY23. Q3'23 should cement this target achievable. Moreover full MCO pandemic recovery should already be in now. On the back of such revenue, expected they will try maintain ratio, so share price to increase and perhaps higher dividend amount. Now they declare div 6mo each, sweet if they go on to pay quarterly dividends, exceeding 50% payout ratio. Overall a good accumulate counter.
Substantial shareholder disposal thus far absorbed by market; holding 1.00 point of control (volume focus formed since Jan'23). If this does not hold, then 0.825 represents entire 2022 support zone, accumulation point. Starbucks still pretty busy, no issues etc.
concur with @TreeTopView trend is intact if viewed on weekly. Fib levels being followed, though depends where you pull the peak/low from. My fib view is derived from the major downside move 30th May 2022 till 27th Jun 2022. Looks like the play is along these technicals, bearing in mind past couple of weeks was continued outflow of foreign funds. When they return... probably onward to 13.65 the very least. For near term moves, looking to accumulate at 9.25/8.99.
The US FED is still hawkish; US inflation is sticky; labour numbers stubborn. Weighs down Asian markets somewhat.
PBA is semi social in nature since the government is at peoples mercy. Raise rates and election time payback and opposition ready to pounce. Explains why Penang has lowest rates.
I think they have made mistake, should raise rates slowly bit-by-bit over few years. IMO people there simply waste a lot of water since it is so cheap.. witnessed many places especially passion to wash car at home and at hawker centers.
One way is to raise the rates but state government can provide some form of subsidy to slowly reduce over time. At least the disparity will not be so great.
One observation, if you look back at charts over long term, dividends ex date almost always shows a significant sell-off correction. Possibly a pull-back after Mar'23 before it continues to march upward slowly. Current move may taper off 10.50?