For many years proir to Covid-19, Apollo Food was boring company with declining returns. All that changed post Covid-19 with profits shooting up.
Then came the change in controlling shareholders in Dec 2023. The new controlling party are the people behind the Baskin-Robbins franchise in Malaysia and Singapore.
My valuation of Apollo based on the past 12 years performance came to about RM 5.11 per share. The confectionary business is not a high growth one and to drive 30% business improvements (implied by comparing market price with my business value) would be challenging.
Unless of course there is some plan to inject other profitable busienss into the company. Why would anyone pay a premuim for a company unless they have plans to do magic with it?
Ya, most likely the company will announce the dividend together with q1 results
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Posted by Fairus4469 > 2024-03-26 09:50 | Report Abuse
Berbaloi letak Apollo sebagai pelaburan jangka panjg