SGX:Q01Food
QAF (SGX:Q01) Stock Drifts As Firmer Margins Anchor The Income Case
QAF slipped to SGD0.97 at yesterday’s close, with the stock drifting over the past quarter even as earnings have been climbing. The headline from this half year is simple: profitability is doing the heavy lifting. Net profit margin on a trailing basis sits at 6% compared with 4.1% a year earlier, and earnings over the past twelve months grew 44.7%.
Short term traders may focus on the soft recent share returns. Long term investors will likely be more interested in how this earnings momentum...