Bakery

Teo believes he has been fortunate that his father has been relatively hands-off after passing the day-to-day management to him. While Teo senior is kept apprised of what is going on during monthly management meetings, he rarely intervenes.  “He sti

SINGAPORE (May 8): QAF, the manufacturer of Gardenia sliced bread, reported earnings of $3 million for the 1Q18 ended March, down 79% from earnings of $14 million in 1Q17 on lower revenue and higher costs and expenses.

SINGAPORE (Nov 10): Multi-industry food company QAF saw its earnings fall 62% to $7.5 million for 3Q17 compared to $19.4 million of earnings a year ago on higher costs and expenses.

SINGAPORE (May 9): QAF, the multi-industry food company, reported earnings of $14.2 million for the first quarter ended March 31, 13% down from the $16.4 million reported in the same quarter a year ago on the back of lower revenue.

SINGAPORE (Nov 29): OCBC is maintaining its “buy” call on multi-industry food company QAF with a fair value of $1.46 given supportive growth conditions like favourable raw material prices due to ample global supply.