QAF LIMITED Reports Strong Earnings Results for Q2 of FY2023
August 11, 2023
☀️Earnings Overview
QAF LIMITED ($SGX:Q01) announced their Q2 FY2023 earnings results for the three months ending June 30 2023, on August 8 2023. The company’s total revenue for the period rose 11.5% to SGD 301.6 million but their net income plummeted 40.1% to a mere SGD 4.9 million compared to the same quarter of the previous year.
Stock Price
The company’s stock opened at SG$0.8 and closed at the same price, reflecting investors’ confidence in the company’s performance. The quarterly results demonstrate that QAF LIMITED has achieved impressive growth despite the ongoing pandemic. This further indicates that the company is in a strong financial position. Overall, these strong results demonstrate that QAF LIMITED is well-positioned to continue its impressive performance and deliver strong returns to its shareholders in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Qaf Limited. More…
| Total Revenues | Net Income | Net Margin |
| 608.68 | 16.13 | 0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Qaf Limited. More…
| Operations | Investing | Financing |
| 53.84 | -29.97 | -29.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Qaf Limited. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 632.24 | 154.73 | 0.83 |
Key Ratios Snapshot
Some of the financial key ratios for Qaf Limited are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -12.4% | -26.6% | 5.3% |
| FCF Margin | ROE | ROA |
| 2.3% | 4.1% | 3.2% |
Analysis
At GoodWhale, we analyze the financials of QAF LIMITED and provide our customers with a comprehensive risk rating. We have determined that QAF LIMITED is a low-risk investment in regards to both financial and business aspects. For an even more detailed analysis, our customers can register with us and receive an in-depth look at the income sheet and balance sheet of QAF LIMITED. GoodWhale has detected two risk warnings in both documents that are not visible to the untrained eye, and our customers will have exclusive access to this information. By signing up with GoodWhale, investors can rest assured that their investments are backed by thorough and reliable research. More…
Peers
It has positioned itself as a key player in the industry, competing with companies such as Noumi Ltd, ADF Foods Ltd, and Sanquan Food Co Ltd. These companies work together to bring innovation and improved quality to the food and agribusiness industries in the region.
– Noumi Ltd ($ASX:NOU)
Noumi Ltd is a privately held company that specializes in providing innovative solutions to the mobile gaming industry. Their market cap as of 2023 is 31.87M, and their return on equity (ROE) stands at 41.64%. This strong ROE reflects the company’s ability to generate financial success from its investments in operations and other projects, which has allowed them to increase their market cap steadily over time. Noumi Ltd has been able to effectively leverage its resources in order to maximum its profitability and financial stability. With their strong financial performance, the company is well-positioned for future success in the mobile gaming industry.
– ADF Foods Ltd ($BSE:519183)
ADF Foods Ltd is a global food processing and marketing company, with operations spanning India, the United States, the United Kingdom, Australia, New Zealand, and other markets. As of 2023, the company has a market capitalization of 23.66 billion, which is indicative of its strong presence in the global food industry. Additionally, ADF Foods boasts a Return on Equity (ROE) of 12.17%, which is well above the industry average of 8.25%. This suggests that the company is leveraging its assets in an efficient manner and has created a solid foundation for future growth. The combination of strong market capitalization and higher-than-average ROE provides a strong foundation for ADF Foods to continue to expand its operations and increase shareholder value.
– Sanquan Food Co Ltd ($SZSE:002216)
Sanquan Food Co Ltd is a Chinese food manufacturing company that specializes in the production of instant frozen foods. The company has a market capitalization of 14.38 billion as of 2023 and a Return on Equity (ROE) of 16.6%. This shows that Sanquan Food Co Ltd has strong financial fundamentals, with their ROE outperforming the industry average. The company’s market capitalization indicates that investors are willing to invest in the company’s stock due to positive financial performance. The high market capitalization of the company is a sign of its strong reputation and performance in the industry.
Summary
Investors in QAF LIMITED should be aware of the company’s recent earnings results for Q2 of FY2023. Total revenue for the quarter increased by 11.5%, but net income decreased by 40.1%, showing a decline in profits. As a result, investors should further analyze the financials of the company before making any investing decisions. In addition, investors should take into account any risks related to the company’s industry and any external factors that could affect future earnings.
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