Berjaya Food FY18 earnings below forecast, says CIMB Research

22 Jun 2018 - The Star Online
KUALA LUMPUR: Berjaya Food Bhd’s (BFood) core net profit of RM19.3mil for the financial year ended April 2018 fell short of expectations, at 93% of CIMB Equities Research and 87% of Bloomberg consensus forecasts. It said on Friday the earnings shortfall was mainly due to weaker-than-expected profit ...
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Berjaya Food hit by 4% stock drop after results

16 Mar 2018 - The Star Online
KUALA LUMPUR: Shares of Berjaya Food Bhd (BFood) fell 4% as the company's slipped into a net loss in the three months to January 31. BFood, which runs the Kenny Rogers Roasters and Starbucks chains in Malaysia, fell 4.37%, or eight sen to RM1.75 in early trade. BFood slipped into the red in its third ...
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Berjaya Food 9M core earnings below forecast

16 Mar 2018 - The Star Online
KUALA LUMPUR: Berjaya Food ’s (BFood) core net earnings for the nine month ended Jan 31, 2018 (9MFY18) of RM15.7mil came in below CIMB Equities Research and the market’s expectations, making up 61% of both the full-year forecasts. It said on Friday BFood group also declared a third interim dividend ...
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Starbucks to underpin Berjaya Food’s earnings, says CIMB Research

14 Dec 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research expects Berjaya Food ’s earnings to continue to be buoyed by its crown jewel, Starbucks, as the coffee chain is expected to record firm earnings growth. It said on Thursday it expected the positive earnings momentum to come from ongoing new store openings of between ...
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Starbucks remains backbone of Berjaya Food

27 Nov 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research expects Starbucks to continue to be Berjaya Food ’s key growth driver and it expects it to stay on its positive earnings trajectory on the back of a healthy store expansion. The research house said on Monday BFood plans to add 25 to 30 new stores a year. Out of the ...
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Berjaya Food sells off Kenny Rogers Roasters ops in Indonesia

25 Nov 2017 - The Star Online
KUALA LUMPUR: Berjaya Food Bhd (BFood) has sold off its unit PT Boga Lestari Sentosa, which has operated Kenny Rogers Roasters (KRR) restaurants in Indonesia since 2011, for a nominal sum of 1,000 rupiah (30.5 sen). “The disposal (to Rudy Wiguna and Komelia Ersan) provides an opportunity for the BFood ...
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Trading ideas: Berjaya Food, Kimlun, Hibiscus Petroleum

18 Sep 2017 - The Star Online
KUALA LUMPUR: JF Apex expects Berjaya Food , Kimlun, Hibiscus Petroleum and Berjaya Corp to be among the stocks to see trading interests on Monday. The research house also expects Daya Materials and Titijaya Land to attract trading interest following its latest corporate news. Berjaya Food’s 1QFY18 rose ...
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CIMB Research raises Berjaya Food target price to RM1.67

18 Sep 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research has raised its target price for Berjaya Food to RM1.67 from RM1.38 as it rolls over its valuation base year to CY19F. Its last traded price was RM1.53. It said on Monday BFood reported core net profit of RM5.3mil in the first quarter ended July 31, 2017 (1QFY4/18), ...
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Berjaya Food at brink of revival, says AmInvestment Research

20 Aug 2017 - The Star Online
KUALA LUMPUR: Berjaya Food (BFood) is at the brink of a turnaround and this prompted AmInvestment Research to upgrade its recommendation to Buy from Hold. “Our higher fair value of RM1.77 a share (from RM1.43) is pegged at a higher price-to-earnings (P/E) of 25 times, reflecting a 20% premium to its ...
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Trading ideas: Sunway, Berjaya Food, Poh Huat, Bumi Armada

15 Jun 2017 - The Star Online
KUALA LUMPUR: Sunway, Berjaya Food, Poh Huat and Bumi Armada are among the stocks to watch on Thursday after their corporate results and announcements, says JF Apex Research. It said Sunway announced a bonus issue of up to 2.8 billion new shares on the basis of four bonus shares for every three existing ...
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