Posted by wallstreetrookie > 2022-06-17 16:56 | Report Abuse

bulldog I know you are a smart trader

Posted by wallstreetrookie > 2022-06-17 18:48 | Report Abuse

Before market close, you can see the off-market transaction filling. Just need to pay Bursa additional fees, expensive af but worth it

Posted by treasurehunt > 2022-06-22 12:25 | Report Abuse

Locking profit trend nowadays?

Posted by goody99 > 2022-06-22 17:03 | Report Abuse

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

Posted by gemfinder > 2022-06-22 23:00 |

Post removed.Why?

Posted by PETERMOO > 2022-06-23 13:44 | Report Abuse

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

Posted by PETERMOO > 2022-06-23 13:47 | Report Abuse

BJFOOD bettered position to ride out the inflation storm

Posted by KooSan > 2022-06-28 10:41 | Report Abuse

becomes french fries

Posted by thundery > 2022-06-28 12:30 | Report Abuse

Uncle V cabut lo

Posted by treasurehunt > 2022-06-28 14:04 | Report Abuse

2 pieces of upside down Coffee Cup hanging lor.

Posted by HungryLokLok > 2022-06-28 14:53 | Report Abuse

ahahahah the history repeats again, typical

Posted by PETERMOO > 2022-06-30 17:56 | Report Abuse

Serving starbuck coffee n Baquette bread tomorrow! Yes??

Posted by wallstreetrookie > 2022-07-01 10:50 | Report Abuse

Bonus issue

Posted by wallstreetrookie > 2022-07-01 11:57 | Report Abuse

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

Posted by PETERMOO > 2022-07-01 20:48 | Report Abuse

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

Posted by PETERMOO > 2022-07-01 20:51 | Report Abuse

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

Posted by PETERMOO > 2022-07-04 14:54 | Report Abuse

BJFOOD shares buy back

Posted by observatory > 2022-07-04 23:35 | Report Abuse

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.

Posted by PETERMOO > 2022-07-05 08:56 | Report Abuse

Corporate Balancing n Strategy Game??

Posted by wallstreetrookie > 2022-07-05 16:03 | Report Abuse

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

Posted by PETERMOO > 2022-07-06 12:25 | Report Abuse

Black coffee is steaming hot n nice

Posted by bulldog > 2022-07-07 17:07 | Report Abuse

Quy at 2.80

Huat chaiii

Posted by Michael Kwok > 2022-07-07 17:43 | Report Abuse

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

Posted by treasurehunt > 2022-07-13 11:50 | Report Abuse

Taste trend dah tukar!

Posted by wallstreetrookie > 2022-07-13 20:48 | Report Abuse

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

Posted by WinBigOrLoseAll > 2022-07-15 13:49 | Report Abuse

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

Posted by NatsukoMishima > 2022-07-21 13:48 | Report Abuse

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

Posted by mokluhanj21 > 2022-07-24 11:34 | Report Abuse

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.

Posted by observatory > 2022-08-03 21:22 | Report Abuse

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?

Posted by dragon328 > 2022-08-11 12:16 | Report Abuse

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.

Posted by dragon328 > 2022-08-12 12:57 | Report Abuse

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

Posted by troy88 > 2022-08-16 08:52 | Report Abuse

Bouncing back strong!

Posted by dragon328 > 2022-08-16 09:43 | Report Abuse

another blockbuster quarterly earnings to be announced later this week?

Posted by troy88 > 2022-08-16 10:25 | Report Abuse

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

Posted by cedcan > 2022-08-16 10:47 | Report Abuse

Exited from texchem and camp here :D

Posted by bulldog > 2022-08-16 10:57 | Report Abuse

Accumulation in progress





Huat chaiii

Posted by faridfet > 2022-08-16 18:18 | Report Abuse

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..

Posted by faridfet > 2022-08-16 19:06 | Report Abuse

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..

Posted by dragon328 > 2022-08-16 20:59 | Report Abuse

true enough another blockbuster quarterly earnings, well done management!

Posted by dragon328 > 2022-08-16 21:00 | Report Abuse

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

Posted by faridfet > 2022-08-16 21:09 | Report Abuse

@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.

Posted by troy88 > 2022-08-16 21:25 | Report Abuse

Fantastic QR as expected. Time to soar again!

Posted by newbie8080 > 2022-08-17 11:42 | Report Abuse

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?

Posted by cedcan > 2022-08-17 14:51 | Report Abuse

My starbucks coffee doesn't taste so good now

Posted by fruitcake > 2022-08-17 16:52 | Report Abuse

kena uncle V's hand...hahaha

Posted by bulldog > 2022-08-24 04:38 | Report Abuse

Bonus coming


Huat chaiii

Posted by Mc_Wei > 2022-08-30 09:50 | Report Abuse

https://www.nst.com.my/news/nation/2022/08/826824/foodie-bossku-and-his-caramel-macchiato-trending-twitter

Will Starbucks' Caramel Macchiato be as famous as OFI's Super Ring?

Posted by troy88 > 2022-09-01 16:35 | Report Abuse

Good growing company but it's a shame the stock is controlled by cunning operator and sharks..

Posted by PETERMOO > 2022-09-01 19:41 | Report Abuse

I read a Report recently which states that drinking coffee in the morning is good as it stimulates faster METABOLISM in our body n thus can burn fat faster than other physical activities.....good news for people who cannot do strenuous activities to reduce fat or body weight .
True or not TRUE??
Nothing to lose Trying as Coffee is good.
I try to get back the video on coffee for all to watch.

Posted by observatory > 2022-09-01 22:36 | Report Abuse

@Petermoo, the largest ever research involved more than half a million population in 10 European countries over a period of 16 years. The result was published in 2017. It was widely reported then.
The conclusion of the research was "Coffee drinking was associated with reduced risk for death from various causes. This relationship did not vary by country."

https://www.imperial.ac.uk/news/180494/drinking-coffee-reduces-risk-death-from/
https://pubmed.ncbi.nlm.nih.gov/28693038/
https://www.cnbc.com/2017/07/11/coffee-drinking-could-lead-to-longer-life-studies-say.html

Of course, instead of drinking expensive Starbucks coffee, we may also enjoy the same benefit by making our own coffee (as long as not 3-in-1 or kopi-o)