Last 2012 revenue 190 millions. ..year 2013 closing year revenue 350 million double le....and there is 20 years more to for their catering contract...imaging the traffic of airline increasing everyday...and the population increasing and they acquiring more airports...hmmm...logically I think u know is a blue chip soon...
Brahim’s entered into a MoU with Labuan Halal Hub Sdn Bhd (LHH) to produce and supply Halal meals to offshore oil platforms and vessels, and distributing Brahim’s ready-to-eat (RTE) meals and cooking sauces to East Malaysia and Brunei.
Brahim’s is collaborating with LHH to provide technical support in the management of Halal process and accreditation to new overseas market developed by LHH. Comments
We are positive with the announcement as Brahim’s have always been on an expansion mode to further strengthen its status and branding as a Halal meal caterer.
In brief, LHH was established by Perbadanan Labuan to invest and expand in the Halal industry in line with the growing demand for Halal food and services in Asia.
Moreover, the strategic business alliance would allow Brahim’s to gain new market share in the Halal food catering for offshore vessels and platforms and generate valueadded ventures for Halal Hub operations in the Asia Pacific region. Currently, Brahim’s is only known for catering Halal in-flight meals.
Besides exposing Brahim’s on its F&B business segment, the group is also putting effort to further improve its logistics division (warehouse) by giving technical support and expertise in Halal Hub Warehouse. To recap, Brahim’s have managed to turnaround its logistics division with a slight profit.
Accounting-wise, we do not see the collaboration to significantly boost Brahim’s earnings for FY14. Furthermore, the MoU is effective for the period until 31 Dec 2014
Unchanged. Rating
BUY
Positives – (1) Niche industry; and (2) Sustainable earnings from long-term concession agreements.
Maintain BUY with unchanged TP of RM2.64 based on 16x FY15 P/E and 8.5x FY15 EV/EBITDA
Published: Tuesday January 21, 2014 MYT 6:48:00 PM Updated: Tuesday January 21, 2014 MYT 6:50:07 PM
Lembaga Tabung Haji ups stake in Brahim’s Holdings
KUALA LUMPUR: In-flight caterer Brahim’s Holdings Bhd, which has attracted investors’ attention recently, saw Lembaga Tabung Haji emerging as a substantial shareholder.
A filing with Bursa Malaysia on Tuesday showed the pilgrimage fund had acquired 366,500 shares on Jan 9.
The purchase of the shares pushed its shareholding to 5.03% comprising of 11.335 million shares.
On Jan 7, Brahim said it was collaborating with Japanese airline ANA Holdings Inc to produce halal Japanese cuisine for in-flight catering in Japan. Also under consideration was the setting up of a joint venture for a halal flight kitchen in Narita and Haneda Airports in Tokyo.
Alliance Research is maintaining its Strong Buy recommendation on Brahim’s Holdings with a revised target price of RM2.67.
On Jan 16, Brahim’s announced it would produce and supply lalal meals to offshore oil platforms and vessels under an MoU with Labuan Halal Hub Sdn Bhd
With Dow dropping 300 points on Friday sure not a god news to Klse, and brahims did follow the Klse tightly ... Stay sideline I will say at this point ... Any rebound is not sustainable just like Friday morning, brahims go to 2.19 and back to square.
Buy in Brahims b4 the price go to the next high level after CNY. More and more tourists will come to Malaysia according to the newspaper. Brahims really getting Beneficial from Tahun Melawat Malaysia 2014!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BBZ95
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Posted by BBZ95 > 2014-01-18 19:36 | Report Abuse
We got to know the news when is 1.54..:p