BERJAYA FOOD BERHAD

KLSE (MYR): BJFOOD (5196)

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Last Price

4.20

Today's Change

-0.14 (3.23%)

Day's Change

4.19 - 4.70

Trading Volume

2,708,400

Discussions
7 people like this. Showing 50 of 1,214 comments

goody99

bonus issue is usually the poison that ends an uptrend. Hope I am wrong in this case

1 month ago

gemfinder

Post removed.Why?

1 month ago

PETERMOO

Investment Highlights

We maintain our BUY call on Berjaya Food (BFood) with a higher DCF-derived fair value (FV) (WACC: 8.7% and terminal growth rate: 1%) of RM5.05/share (from RM3.30/share previously), based on revised earnings. Our FV implies 14.5x PE, based on FY23F EPS.
We are revising our earnings forecasts upwards by 34% for FY22F, 42% for FY23F and 51% for FY24F after imputing more bullish sales and margin assumptions. Starbucks Malaysia’s earnings, which account for 96% of BFood’s FY22F net profit, are expected to remain resilient, underpinned by high customer retention rates and effectiveness of the company’s strategy in generating consumer interest through switching outlet formats, leveraging third-party delivery services, and change in customers’ loyalty reward programme.
Following the earnings revision, BFood is now our sector’s top pick. Leveraging on Starbucks’ strong brand equity, we believe BFood is relatively in a better position to compete in retaining consumers’ share of wallet under the current inflationary environment compared to its peers. In addition, Starbucks’ target audience of middle to high-income groups are likely to be more sticky given their bigger discretionary income buffer and more resilient spending habits to offset rising costs of living.
To fight against rising raw material prices, BFood is taking a different approach compared to its peers. Instead of passing the additional costs to end-consumers, the company is actively improving its product portfolio by pushing higher-margin products and widening offerings.
Anecdotally, Starbucks Malaysia appears to be running more aggressive marketing campaigns on promoting seasonal blended beverages which tend to have better margins. Capitalising on strong branding and customer loyalty, the brand also widened its merchandise offerings. The company is also taking active measures to diversify Kenny Rogers Roasters’ (KRR) offerings by reducing its heavy exposure to one single cost item i.e. chicken.
The group’s new venture, Paris Baguette’s earnings contribution is expected to be immaterial in the near-term as it goes through a gestation period. Pending the completion of SPC Group’s distribution facility in Johor (estimated in June 2023), we believe the bakery chain stores will likely have to import its key raw materials and this may limit its near-term earnings upside potential.
Nevertheless, we believe that Paris Baguette is a positive addition as it will help to extend BFood’s potential growth runway. The group’s strategy to progressively open 5 outlets/year, or a total of 50 stores in 10 years, will avoid potential over-investment while giving local consumers an opportunity to develop an appetite for the Paris Baguette brand.
Other Key Points on Paris Baguette Joint Venture

The initial investment of RM30mil by the joint venture entity (BFood’s portion: RM15mil), will be utilised to open the first few outlets and covers the business’ operating expenses at the initial stage. The first store will be in Klang Valley and expected to commence operation by the end of 2022.



Source: AmInvest Research - 23 Jun 2022

1 month ago

PETERMOO

BJFOOD bettered position to ride out the inflation storm

1 month ago

KooSan

becomes french fries

1 month ago

thundery

Uncle V cabut lo

1 month ago

treasurehunt

2 pieces of upside down Coffee Cup hanging lor.

1 month ago

HungryLokLok

ahahahah the history repeats again, typical

1 month ago

PETERMOO

Serving starbuck coffee n Baquette bread tomorrow! Yes??

1 month ago

wallstreetrookie

Bonus issue

1 month ago

wallstreetrookie

Vincent Tan doesn't want foreign company to take over his love baby (Starbucks Malaysia, Kenny Roger). Uni-President Taiwan needs to pay a hefty price to acquire Berjaya Food. Corporate battle

1 month ago

PETERMOO

But majority BJFOOD shares under lock in strongroom under VT’s hawk eyes! How to takeover friend!?

1 month ago

PETERMOO

Just wait n watch the Sword fights if there’s one soon!

1 month ago

PETERMOO

BJFOOD shares buy back

1 month ago

observatory

Not just Vincent Tan, even CEO Sydney Lawrance Quays has been selling shares. Maybe the company is buying back shares to avoid dilution due to ESOS. But it gives the impression that top is selling while the company maintains the share price.

1 month ago

PETERMOO

Corporate Balancing n Strategy Game??

1 month ago

wallstreetrookie

Vincent Tan has huge ego. He cannot let foreign company take over Berjaya Food

1 month ago

PETERMOO

Black coffee is steaming hot n nice

1 month ago

bulldog

Quy at 2.80

Huat chaiii

1 month ago

Michael Kwok

Sell call bjfood at rm 3.75level.tp 2.50-2.70.
Time: 7/7/2022 17.43

1 month ago

treasurehunt

Taste trend dah tukar!

1 month ago

wallstreetrookie

Berjaya Food no more upside. Will trade flat and downward risk will build. Don't expect to make money from this stock, you will get played by insiders

1 month ago

WinBigOrLoseAll

people now make their own 3-in-1, no one wanna buy expensive starbucks

1 month ago

NatsukoMishima

From 3xx million jump to 1.5billion nosh , what a joke ! Better take profit run first !

3 weeks ago

mokluhanj21

I honestly don't understand the obsession with diversifying into other brands. Paris Baguette? What is that?! Even Kenny Rogers is a waste of time. CEO should be hyper-selective on which brands to introduce and commit. Don't make diversification as diworsification.

3 weeks ago

Gley

signup at secret recipe official website to get free coffee and rm3 cash voucher!
https://member.secretrecipe.com.my/r/8EQ6TK

2 weeks ago

observatory

Company continues to buyback shares, while insiders from CEO to Vincent Tan continue to sell. The company buys back as if the share price is undervalued. But insiders action say otherwise. How nice. If the company has excess cash, why doesn't it distribute to shareholders as dividends instead of supporting the share price, only for insiders to take opportunity?

1 week ago

dragon328

I think company continuous share buyback is because the company share is still under-valued and the company cashflows are very strong. After setting aside funds for organic expansion of new 38-40 Starbucks outlets of around RM60-70 million a year, BJFood still has RM200 million of free cashflows or over 50 sen per share every year.
It can either declare it as dividends or buy back shares while it is still undervalued.

6 days ago

pang72

The best tea break but with coffee

2 days ago

pang72

Good morning from starbuck coffee!! Wish everyone earn big money!

1 day ago

troy88

Bouncing back strong!

1 day ago

dragon328

another blockbuster quarterly earnings to be announced later this week?

1 day ago

pang72

Happy to see you all earning big money while hv breakfast at Starbuck coffee.. Enjoy

1 day ago

troy88

Texchem bull run the past week plus already gave a hint of what's to come for BJfood..

1 day ago

cedcan

Exited from texchem and camp here :D

1 day ago

pang72

Correct lo!!

1 day ago

bulldog

Accumulation in progress





Huat chaiii

1 day ago

faridfet

Quarter earnings just now announced after market closed.. so starting tomorrow until this friday is the rally time.. this first 3 days are very crucial.. short term only.. congrats in advanced..

23 hours ago

pang72

11.28c... Kelong kah??
So good!

23 hours ago

faridfet

If we compare the quarter record.. this quarter that just announced is the highest record of revenue, net profit, earning per share & dividend.. since 2015, last 7 years.. impressive..

23 hours ago

pang72


TEXCHEM fly after weak QR..
Starbuck will limit up with historical record QR, agreed?

21 hours ago

dragon328

true enough another blockbuster quarterly earnings, well done management!

21 hours ago

dragon328

full year operating cashflows before capex topped RM220 million, another record.

Net debts dropped to just RM100 million level, and will turn net cash position by 2H2023

21 hours ago

faridfet

@pang72 yes has potential

Berjaya Food 4Q net profit jumps 185% - August 16, 2022

The group’s annual net profit soared to RM122.7 million — the highest since the financial year ended April 30, 2015.

Quarterly revenue came in sharply higher at RM291 million in 4QFY22. This lifted the group’s annual revenue to a record high of RM997.7 million for the financial year ended June 30, 2022 (FY22).

Earnings per share stood to highest at 11.28 sen in the quarter, from 4.02 sen in the preceding year’s corresponding quarter.

The company’s latest income statement showed that profit from operations climbed nearly 144% year-on-year.

The group is primarily engaged in developing and operating the Starbucks brand in whole Malaysia and Brunei, and also the Kenny Rogers Roasters chain in whole Malaysia, as well as Jollibean, Sala KL Vegan Restaurant and various brands in Singapore.

21 hours ago

troy88

Fantastic QR as expected. Time to soar again!

20 hours ago

newbie8080

Comparing the quarter result pre-pandemic 2018 and 2019, revenue was below rm180mil and net profit was normally below RM5mil.
Seems something does add up.
Was wondering what had change?

6 hours ago

cedcan

My starbucks coffee doesn't taste so good now

3 hours ago

johnrichman

BJFOOD (5196)
Trend: To be confirm
1st destination of uptrend: reached
Risk: Please do more study now, 4.90 maybe his peak already. This counter will become down trend if can't go above and sit firm above 4.70
Momentum: to be confirmed
facebook @ John Richman, KLSE tour guide 大马股市旅途导游

2 hours ago

fruitcake

kena uncle V's hand...hahaha

1 hour ago

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