QAF Limited

QAF posts 154% jump in 1HFY2024 earnings.

The company will be releasing its results in August.

The company will report its earnings for 2HFY2023 and FY2023 later in February.

The total amount received under the group’s applicable insurance policies is RM109 million, with tax liabilities of RM24 million.

QAF is expected to record a non-cash impairment of approximately $9.2 million in its 1HFY2023 results.

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

Assuming all submitted claims are accepted, the group is expecting to recognise exceptional gains of $20 million for the FY2022.

QAF attributes the “significant improvement” to an insurance payout for flood damage to one of the group’s Malaysian factories.

Following the disposal, QAF intends to pay a special dividend of 2 cents per share, amounting to some $11.5 million in total.

SINGAPORE (Mar 23): Although quarterly momentum appears ambivalent as it is consolidating beneath its own moving average, prices are intact. They have established support at the confluence of the 50- and 200-day moving averages which are moving into an in