FYI, Abrdn plc, fka Standard Life Aberdeen plc, is a United Kingdom-based global investment company headquartered in Edinburgh, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index
Most retailers and local analysts see overvalued. while Foreign Fund Manager see under valued. Local analysts basic salary RM 4k. FF basic salary in Arbdn 20K pound = RM 120K /month. why Arbdn capable to pay such salary?
yah. revenues up so much. since the expectation of Farmgate milk price to rise to 72.6 c/L in 2022–23 before falling to 62.5 c/L in 2023–24 has seem to be true. 14% reduction in sales cost may pump PBT to 26 millions. No wonder ARBDN bought so much shares, FFB is a gold cow.
Farm Fresh Bhd's earnings bottomed in the fourth quarter ended March 31, 2023 (4QFY2023), but are expected to improve sequentially, after the company raised its selling prices in July, while costs have declined, according to CGS-CIMB. The research outfit revealed at a briefing during the CGS-CIMB consumer conference 2023 on Sept 6 that Farm Fresh group chief financial officer Mohd Khairul Mat Hassan said farmgate prices of raw milk in Australia slipped 4%, while whole milk prices fell 24% year-on-year, in August.
Market Valuation Adj MR PER - 5 Yr Avg 41.59 Adj PER - 5 Yr Range 30.35 - 61.34 Adj PER – Latest 45.35 Adj PER – Prosp 61.00 Adj DY (%) - 5 Yr Avg 0.70 Adj DY (%) - 5 Yr Range 0.58 - 1.01 Latest DY (%) on 22 DPS 0.88 Latest DY (%) on 23 DPS 0.82
Performance Info ROE - 5 Yr Avg10.56 ROE - Latest FY 7.94
Dutch Lady MKT CAP (RM'000) 1,433,600 Market Valuation Adj MR PER - 5 Yr Avg 27.29 Adj PER - 5 Yr Range 16.85 - 43.78 Adj PER – Latest 14.03 Adj PER – Prosp 18.67 Adj DY (%) - 5 Yr Avg 1.74 Adj DY (%) - 5 Yr Range 1.33 - 2.47 Latest DY (%) on 22 DPS 2.23 Latest DY (%) on 23 DPS 2.23
Performance Info ROE - 5 Yr Avg 62.91 ROE - Latest FY 11.66
>>> Posted by Alipapapa > 2022-03-22 10:29 | Report Abuse
Dairy Producer Farm Fresh Surges in Kuala Lumpur Trading Debut Shares advance as much as 34% in early trade on Tuesday It’s the country’s biggest initial public offering since July ByFilipe Pacheco and Yantoultra Ngui 22 March 2022, 09:05 GMT+8 Malaysian dairy producer Farm Fresh Bhd. jumped in its trading debut in Kuala Lumpur, following the Southeast Asian country’s largest initial public offering since July.
The shares traded as high as 1.81 ringgit, after being sold at 1.35 ringgit each. The company and shareholders raised about 1 billion ringgit ($238 million) in an offering that lured a record 30 cornerstone investors including Abrdn and Franklin Templeton Asset Management (Malaysia).
The firm, which has a unit of sovereign wealth fund Khazanah Nasional Bhd. among its investors, is reviving the IPO market in Kuala Lumpur at a time of slow activity in traditional venues due to rising interest rates and Russia’s invasion of Ukraine. It’s the third company to list in the Bursa Malaysia this year and the largest since CTOS Digital Bhd. more than eight months ago.
The IPO allowed “investors to have exposure in defensive or non-cyclical stocks amid prevailing market volatility with the escalating Russia-Ukraine tensions and rising interest rate atmosphere,” analysts at JF Apex Securities Bhd wrote in a note before the shares started trading.
Outstanding Size Farm Fresh's IPO was the largest in Malaysia in over eight months
Starting out producing dairy products from 60 cows imported from Australia, Farm Fresh had expanded to a network of more than 800 home dealers and 38 regional stockists as of last year, according to its website. It controls 18% of Malaysia’s ready-to-drink dairy market.
The company is set to get 301 million ringgit from the sale. It plans to use the money to build a manufacturing hub, a diary farm and processing facility in Malaysia as well as boost production in Australia and elsewhere in Southeast Asia.
“We like Farm Fresh for its strong market presence in Malaysia’s dairy industry, local and regional expansion plans. The company has a dividend policy of 25%,” Ronnie Tan, an analyst at Mercury Securities Sdn. Bhd. wrote in a note prior to the debut giving a subscribe recommendation on the shares.
CIMB Investment Bank, Maybank Investment Bank and Credit Suisse are joint global coordinators in the IPO.
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....