any of you been to starbucks recently? this bulan puasa, it's crazy weh the queue esp weekend evenings. q sampai road side the one at Avenue K. i went to buy coffee, so stressed too many people like this is some MRDIY ..but then again i remember I am a shareholder so I smile and just leave..please please buy :P
based on the BFM Breakfast Grille interview, Datuk CEO is quite confident that BJF would be able to exceed market expectations of FY PATMI of RM80 mil.
My lazy back of the envelope calc Q1: 11.63 Q2: 38.88 Q3: 35 to 40? Q4: 35 to 40? FY: 120 to 130 mil
Current PE ratio: 18x [Discount and use 16x]
Tgt mcap: RM1920mil to RM2080mil Tgt share price: RM4.9 to RM5.3 Upside from price now: a further 35% to 46%
Seems a bit high, maybe can use 15x PE ratio and discount 10% earnings: [Adjusted /conservative] FY PATMI: RM108 mil to RM117 PE: 15x EPS: RM0.27 to RM0.30 TP: RM 4.05 to RM4.50
*This is not investment advice, only sharing of notes. Do your own due diligence please. Thank you*
Have u seen the outlets? The one at Klcc area like Zouk at 11pm on weekend. Kindly share how your local outlets are doing so we can have a feel of "now-casting" to gauge coming performance. Thanks
@observatory @ zhangzhuode @dragon are you guys seeing what's happening to the Risk Free Rate/ Discount Rate? my dreaded alternate future is coming true. While I am positive on the earnings & cashflow growth, I am very scared with the discount rates spiking like mad
What are your thoughts? any severe negative impacts on your model & valuation? hate this weh. :(
5196 BJFOOD BERJAYA FOOD BERHAD Quarterly rpt on consolidated results for the financial period ended 31/03/2022 Quarter: 3rd Quarter Financial Year End: 30/06/2022 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/03/2022 31/03/2021 31/03/2022 31/03/2021 RM '000 RM '000 RM '000 RM '000 1 Revenue 245,998 181,728 706,471 536,547 2 Profit/Loss Before Tax 46,262 18,211 125,551 51,987 3 Profit/(loss) attributable to ordinary equity holders of the parent 31,578 11,606 82,081 33,099 4 Net Profit/Loss For The Period 31,213 11,063 81,188 32,310 5 Basic Earnings/Loss Per Shares (sen) 8.72 3.27 22.80 9.35 6 Dividend Per Share (sen) 1.50 1.00 3.50 2.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 1.2491 1.0556 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Another superb quarterly result. It shows that the strong retails spending in Q42021 had continued into 1Q2022. Strong cash flows of RM156 million for 9 months FY2022, annualised to RM208 million or 54 sen per share!
Total borrowings came down from RM286 million from one year ago to RM191 million, indicating strong cash flows to pare down borrowings in H1FY2022. Debt repayment has slowed in Q3, showing that the debt level of RM191m is comfortable to the management. Capex was still modest at RM46m in first 9 months of FY2022 after BJFood opened a total of 18 new Starbucks store YTD.
Maybank IB raised tp for BJfood to RM5.70 which is fair to me at 9.5% free cash flow yield, though I think a valuation close to 8% FCF yield or RM6.75 would be better, given that BJFood is still in the growth phase.
Should push above RM4 and not look back this time. I believe consolidation should be over and the strong QR and outlook should propel it to greater heights..
look at page 161 of Berjaya Food annual report, Redtone is 14th largest Berjaya Food shareholder! if u missed Berjaya Food, buy Redtone for indirect exposure to Berjaya Food
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PETERMOO
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Posted by PETERMOO > 2022-04-12 12:18 | Report Abuse
U are a starbucks master! Thanks!