It might hit 1.90 in the next 2 weeks. Jollibean is contributing S$1k per day per store js selling soya bean drinks...with the high fx rate, upside for Bj Foods. Its expanding into Indonesia with Aeon and in Brunei with 5 starbucks outlets....Brahims already at PE 27...BjFood lagging at PE18 only...Food industry PE abt 25 with growth prospects....collecting more for years to come. :)
I remembered during the ipo debut, a question was posted to the company about its vision/future direction and the answer given was to grow it to a billion dollar co. in five years time but how?? Knowing Berjaya, me thinks another round of right issue and injection of related businesses is very likely so as to boost up the capital base to achieve its ambition!
7-11 already on way to IPO, so looking at Vincent Tan's old playbook, once he has done listing all on hand, he would seek out and privatise counters which are lagging but a cash cow / gold mine. He took so long to let go of his food biz which was Robin Tan's baby listing it. So question before it becomes a billion $ biz is if he would privatize and relist. This biz can only grow and generate more cash with growing population, income and malls.
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Young Han Koh
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Posted by Young Han Koh > 2014-01-18 12:09 | Report Abuse
anyone knows why is this stock sliding down lately?