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Author Topic: FCEPL -- formerly Engro Foods Limited  (Read 1028009 times)

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Offline Chess

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FCEPL -- formerly Engro Foods Limited
« Reply #5579 on: February 12, 2018, 12:12:52 PM »
What advice can regain 7 billion losss. My dear sell and move to some good bet.   :rtfm:
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Pakinvestorsguide

FCEPL -- formerly Engro Foods Limited
« Reply #5579 on: February 12, 2018, 12:12:52 PM »

Offline MZ

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« Reply #5580 on: February 12, 2018, 05:52:17 PM »
Engro Foods (EFOODS): Q2017 LPS Rs0.01 vs. LPS Rs0.27 in 4Q2016; DPS Rs0.4/share (Result below expectations)
Monday, 12 February 2018

By: Topline Securities (Private) Limited
EFOODS’ sales continue to disappoint as volume suffer owing to stiff competition in the industry, we believe. Consequently, earnings in 4Q2017 fared below expectations, posting loss of Rs0.01/share though, better than loss of Rs0.27 in same period last year. Despite this, the company announced dividend of Rs0.4/share.
Net revenues shrank 24% YoY during the outgoing quarter, primarily as a result of lower volumes, we believe. This was due to the growing competition in Dairy industry, especially in tea-whitening segment. ‘Tarang’, EFOODS’ only liquid tea-whitener, which used to enjoy a leadership position in its category, a couple of years back and constituted 45-50% of the company’s UHT sales, has greatly suffered from new entrants.
The company reported gross margins of 13.4%, down 703bps in 4Q2017. We attribute this to 1) lower volumetric sales thereby making it difficult for the company to pass on fixed charges, 2) tax legislative changes announced by the Govt., which substantially increased the cost of doing business for the UHT industry, and 3) payment of technical fees of 0.5% and 2% of net revenues to Engro Corp (ENGRO) and Royal FrieslandCampina (RFC), respectively.
Distribution expenses of the company were down 49% YoY in the outgoing quarter. We believe that this was due to lower advertisement expense (constitutes around 50% of total distribution charges).
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Offline Deep_Value

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« Reply #5581 on: February 12, 2018, 07:03:57 PM »
Quote from: Hassan_Ali_Khan on February 12, 2018, 11:57:54 AM
need advise, EFOODS hold or sell?

Around 1 million share buying in the falling market by the institution tells something is going on this buying can not be done by retailer

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Offline Farzooq

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« Reply #5582 on: February 12, 2018, 09:46:46 PM »
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Offline Learner

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« Reply #5583 on: March 20, 2018, 11:35:31 AM »
Engro Foods, Greenland Zone ink MoU
The News, March 20th, 2018.

KARACHI: Engro Foods Limited has signed a memorandum of understanding (MoU) with Greenland Zone, a leading provider of farming machinery and financial assistance, for boosting its dairy business, an announcement said on Monday.

“This initiative will revolutionise the performance of Pakistan’s dairy livestock sector,” Syed Saud Pasha, Director Agri Business at Engro Foods, said while commenting on the development. Pasha said it would provide a resourceful forum to inspire the farmers to adopt modern technology and reach greater prosperity.

The company announcement said the objective of this collaboration is to enhance the productivity of dairy farms, by facilitating the acquisition of modern farm machinery and equipment, while imparting valuable training to the farmers for capacity-building.

It added that deployment of modern technology promises to be a game-changer for Pakistan’s traditional farming sector.
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Offline HAMDANI_Punjtani

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« Reply #5584 on: March 23, 2018, 09:35:17 AM »
Short karna chahiye?
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Offline zakhan76

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« Reply #5585 on: March 23, 2018, 03:39:15 PM »
I sold this share when it was close to 200...now what are the growth prospects? The results don't look great.. Are they exporting anything?
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Offline theboss

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« Reply #5586 on: March 23, 2018, 04:47:59 PM »
Quote from: zakhan76 on March 23, 2018, 03:39:15 PM
I sold this share when it was close to 200...now what are the growth prospects? The results don't look great.. Are they exporting anything?

How much did you buy it for?
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Offline zakhan76

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« Reply #5587 on: March 23, 2018, 05:06:13 PM »
Quote from: theboss on March 23, 2018, 04:47:59 PM
Quote from: zakhan76 on March 23, 2018, 03:39:15 PM
I sold this share when it was close to 200...now what are the growth prospects? The results don't look great.. Are they exporting anything?

How much did you buy it for?

I bought it when i heard that Friesland Campina is buying it..i think it was around 145 or something and then sold close to 200...
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Offline 007

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« Reply #5588 on: March 28, 2018, 02:41:03 AM »
opened short position
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Offline SmE48

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« Reply #5589 on: March 28, 2018, 06:46:25 PM »
Quote from: Deep_Value on January 30, 2018, 07:44:51 PM
Quote from: 007 on January 29, 2018, 10:35:37 PM
Quote from: Deep_Value on January 25, 2018, 11:03:36 PM
Quote from: raxid on January 25, 2018, 03:46:01 PM
BOSS agar foreigner nahi hay tu kon maal utha raha hay

Goora buying not only EFOODS but ASC and FFL also. :thumbsup_anim:

FIPI check karain sector wise no  foreign buying plz bongian na marain

FFL kay ban kay bad tezi aye

I posted on 25 Jan so Umeed hey aap nay 25Jan key FIPI Check key hogi 250k buying they...Research007 bhai
Ap nae bilkul sahi pakra tha....
Jis jis nae Apko follow kiya hay InshaAllah daaman phaila kar Dua dae rha hoga..
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Offline Deep_Value

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« Reply #5590 on: March 28, 2018, 10:13:03 PM »
Quote from: SmE48 on March 28, 2018, 06:46:25 PM
Quote from: Deep_Value on January 30, 2018, 07:44:51 PM
Quote from: 007 on January 29, 2018, 10:35:37 PM
Quote from: Deep_Value on January 25, 2018, 11:03:36 PM
Quote from: raxid on January 25, 2018, 03:46:01 PM
BOSS agar foreigner nahi hay tu kon maal utha raha hay

Goora buying not only EFOODS but ASC and FFL also. :thumbsup_anim:

FIPI check karain sector wise no  foreign buying plz bongian na marain

FFL kay ban kay bad tezi aye

I posted on 25 Jan so Umeed hey aap nay 25Jan key FIPI Check key hogi 250k buying they...Research007 bhai
Ap nae bilkul sahi pakra tha....
Jis jis nae Apko follow kiya hay InshaAllah daaman phaila kar Dua dae rha hoga..

Alhamdolillah Profit kay saath agar Duaien bhe mill jayeen tu kia baat hey.....  :thanks:
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Offline SmE48

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« Reply #5591 on: April 02, 2018, 11:18:48 AM »
Efoods ab bhi sasta lag rha hy..103 par 9k ki aur buying ki hy...
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Offline Deep_Value

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« Reply #5592 on: April 02, 2018, 11:23:09 PM »
Quote from: SmE48 on April 02, 2018, 11:18:48 AM
Efoods ab bhi sasta lag rha hy..103 par 9k ki aur buying ki hy...

There is a rumour of buy back as Friesland did in Phillipines. They are developing products which they want to keep secret and i.e why want to go offline.
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Offline 007

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« Reply #5593 on: April 03, 2018, 06:20:24 AM »
Quote from: 007 on March 28, 2018, 02:41:03 AM
opened short position

will cover today
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Offline muzdani

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« Reply #5594 on: April 11, 2018, 09:53:47 AM »
Tp of EFOODS any one ?
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Offline Farooq Qadir

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« Reply #5595 on: April 20, 2018, 10:42:44 AM »
AKD Daily
 
EFOODS: 1QCY18F Result Preview
 
Previewing 1QCY18F earnings for EFOODS, we expect the company to post earnings of PkR161mn (EPS: PkR0.21), down 52%YoY. The earnings decline is likely to be a factor of lower revenues (anticipated to go down 9%YoY) as volumes are expected to continue suffering. The company has lost market share while Punjab Food Authority’s campaign against substandard packaged milk/tea whiteners has further inhibited growth in this regard. While clear efforts w.r.t reimaging of Tarang are being made, we feel the impact on top-line should be more visible later in the year. Margins for 1QCY18F are expected to remain lower on YoY basis, however we expect seasonality to come into play, improving margins sequentially (+360bps QoQ to 16.5%). With budget FY19 to be announced by month end, the incoming budgetary proposal particularly with regards to increase in RD on imported milk powder can be a potential negative for dairy manufacturers. With 1QCY18F earnings expected to remain subpar, we believe price performance can likely suffer in case no major fundamental development comes through.   
 
1QCY18 earnings preview: In continuation of the declining trend in volumes and tighter GM, 1QCY18F earnings for EFOODS are expected to clock in at PkR161mn (EPS: PkR0.21). In this regard, we expect revenues to continue slowing down (9%YoY decline expected in 1QCY18F) with volumes succumbing to competitive pressures amid insignificant conversion from loose milk. While margins for 1QCY18F are expected to remain lower on YoY basis, we expect seasonality to come into play, improving margins sequentially (+360bps QoQ to 16.5%). 
          .
Budgetary Proposals are a mixed bag: With budget FY19 to be announced by month end, the incoming proposals from Ministry of Food Security and Research range from resumption of zero-rating facility for the dairy sector to increase in RD on imported milk powder. While the former is a positive, increase in duty of powdered milk can create additional cost pressures, urging manufacturers to increase prices. With price differential currently standing at PkR30-35 per litre, any additional increase can further limit conversion from loose to packaged milk.                   .
 
Investment Perspective: With fundamental weakness continuing to be a key concern, EFOODS valuation multiples remain unjustifiably high at current levels (forward PE/PS at 60.0x/1.95x). With no respite in sight from increasing competitive forces, issues like slowdown in industry's conversion rate (from loose to packaged milk) are also likely to limit industry's and EFOOD's growth. We continue to remain apprehensive until possible product initiations come through.
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Offline tariq54

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« Reply #5596 on: April 28, 2018, 12:42:50 PM »
 To support dairy sector, Custom Duty exempted on bovine semen
•Preparations for making animal feed reduced from 10% to 5%
•Exemptionfrom sales tax is being granted to Bovine Semen which is being currently chargeable to sales tax at 17%
–EFOODS(Royal Friesland Campina) own biological assets will be main beneficiary

http://www.scstrade.com/research/Research%20Reports/General/Budget%20FY19%20Sweeteners%20for%20market.pdf
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Offline Ksexb

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« Reply #5597 on: April 28, 2018, 04:06:54 PM »
efood is highly recommended for long term.it's another unilever.
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Offline Deep_Value

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« Reply #5598 on: April 28, 2018, 10:51:10 PM »
Quote from: Ksexb on April 28, 2018, 04:06:54 PM
efood is highly recommended for long term.it's another unilever.

Efoods is good but making it another unilever :skeptic:
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