Today, QAF closed at S$1.145 and gave up almost all of the gains on last Friday, June 19, 2015,
There was no announcement from QAF, on any corporate deal, and, that's why its share price fell.
Am I disappointed? Of course not. On the contrary, I am delighted that QAF is not privatized like I have anticipated (and feared).
QAF is one stock that I am willing to hold f-o-r-e-v-e-r!!!
So, what are my reasons for investing in QAF?
1. CONSISTENT DIVIDEND
In the past, QAF only distributed an Annual Dividend of between 2 to 3 cents. However, for the past 4 financial years, the Annual Dividend has increased to 5 cents (even when QAF's net profit dropped significantly in FY2013). To-date, I have received 3 years of dividends or 15 cents.
From the record, QAF has NEVER reduced its dividend--even during the Global Financial Crisis in 2008/2009.
2. POTENTIAL LISTING OF ASSOCIATE/SUBSIDIARY
There is a great chance that QAF will list its Primary Production Business (Hamsdale International) and Gardenia Bakeries (KL) Sdn Bhd.
3. GREAT POTENTIAL FOR GROWTH
I see QAF's Bakery Business growing tremendously in The Philippines and China.
4. GREAT MANAGEMENT
I have personally met and spoken with QAF's Managing Director, Mr Tan Kong King, at the AGMs.
In conclusion, QAF is one stock that I believe Warren Buffett would love to own...if it were BIG enough that is (the Market Cap of QAF is too small for Warren Buffett's appetite)...HAHAHAHAHAHA.
There was no announcement from QAF, on any corporate deal, and, that's why its share price fell.
Am I disappointed? Of course not. On the contrary, I am delighted that QAF is not privatized like I have anticipated (and feared).
QAF is one stock that I am willing to hold f-o-r-e-v-e-r!!!
So, what are my reasons for investing in QAF?
1. CONSISTENT DIVIDEND
In the past, QAF only distributed an Annual Dividend of between 2 to 3 cents. However, for the past 4 financial years, the Annual Dividend has increased to 5 cents (even when QAF's net profit dropped significantly in FY2013). To-date, I have received 3 years of dividends or 15 cents.
From the record, QAF has NEVER reduced its dividend--even during the Global Financial Crisis in 2008/2009.
2. POTENTIAL LISTING OF ASSOCIATE/SUBSIDIARY
There is a great chance that QAF will list its Primary Production Business (Hamsdale International) and Gardenia Bakeries (KL) Sdn Bhd.
3. GREAT POTENTIAL FOR GROWTH
I see QAF's Bakery Business growing tremendously in The Philippines and China.
4. GREAT MANAGEMENT
I have personally met and spoken with QAF's Managing Director, Mr Tan Kong King, at the AGMs.
In conclusion, QAF is one stock that I believe Warren Buffett would love to own...if it were BIG enough that is (the Market Cap of QAF is too small for Warren Buffett's appetite)...HAHAHAHAHAHA.