QAF Limited

Right timing: STI stays intact, but Hong Fok is at extreme overbought high
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 increasingly positive stance at 3,217 and 3,186 respectively. The index may well be able to regain its 50-day moving average as short term ...
QAF's 1Q earnings down 79% to $3 mil on lower revenue, higher costs
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. Revenue for the quarter fell 5% to $102.9 million from $105 million a year ago on lower contributions from the primary product and distribution & warehousing ...
QAF posts 13% decline in 1Q earnings to $14.2 mil after partial divestment of Gardenia Bakeries KL
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. Revenue for the quarter fell 15% to $212.7 million from $250.9 million in the previous year, mainly due to the deconsolidation of financial results of Gardenia ...