Gardenia

QAF has steadily grown its bakery revenue at 6.1% CAGR since FY2017, the analyst highlights.

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 (Aug 10): OCBC is ceasing coverage of QAF as the group redistributes its internal resources amid rising competition, currency volatility and costs.

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.

SINGAPORE (Aug 17): OCBC Investment Research has maintained its “buy” recommendation for QAF, with a higher fair value of $1.33 from $1.27 previously, on the back of the group’s declared interim dividend, its stock outperformance against the Straits