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FJ Benjamin - Sterling performance continues (BUY, $0.405 - TP $0.620, FJBN.SI / FJB SP, Retail) |
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FJ Benjamin (FJB) continues to deliver with 2QFY Jun11 net profit rising by 139% YoY to $4.1m. Other than a seasonally high quarter due to the festive season, sales were also driven by record tourist arrivals and spending in the region. FJB’s key challenge would be to maintain its focus on building and promoting its RAOUL brand.. |
FJ Benjamin has a small earnings base... it will be helped in the coming years from the increase in population as well as the IRs since it has a few outlets there... However, it is aware that it can only make as much money as Singaporeans are willing to spend... so when there are the first signs that the economy is slowing down, this one will be the first to take a hit.
time to accumulate ...
my 2-cent.... good luck
Worthwhile taking a look because it is one of the very few listed companies in Singapore that owns luxury brands. I foresee, inflation in 2011 will get worst but this is not expected to affect FJ because if you sell branded stuff you can always pass costs increases to customers to maintain the profit margins and you cannot cut prices of branded stuff because this will make them look "cheap-skate".
Though economic situation is not every strong, but for those with jobs, life is very good for them with some throwing money on expensive stuff to pamper themselves even in US.
FJ is taking its brands to US and China and China is a growing market for luxury stuff. Rich Chinamen there like to pamper their women and mistresses with branded stuff. Of course, the possible risk is because FJ is new in China, there could be this execution risk, some hiccups there been near to China business environment.
This is not a recommendation to BUY, but just to keep close watch on the development of FJ.
Wish everyone here a nice weekend
Buy Buy Buy!!
Today is a Good Day to Buy FJBen.
Business: Consumer Fashion; Luxury and Lifestyle Fashion Retailing and Distribution; Timepiece Distribution; Brand Licensing; In South-East Asia.
Now Trading at $0.385.
1. In an Uptrend Channel with potential High of $0.50.
2. Just Bounded Off its Support Level at $0.37.
3. Price is Below 30MA and 50MA.
4. MACD is in the mist of reversing Upwards.
5. Stochastic just crossed and also in the mist of reversing upwards. Still in Oversold region.
6. Company gives regular Dividends.
7. Revenue, Profit and Cash Flow all increase QoQ.
8. Company Debt is slowly decreasing.
9. With Christmas, New Year and Chinese New Year around the corner. I expect next Quarter result to be very good.
Grade: 9.
Target Price: $0.50.
More on my Blog at Alex Trades.
This is just my personal analysis. You invest at your own risk.
Good luck to all.
Dont get fooled by all this report. Sold all and dare not look back again. 
crclk15 ( Date: 20-Nov-2010 19:44) Posted:
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Hi fellow forumers,
Here are the following analyst target prices for FJ Benjamin post its results
DMG: Buy - $0.52
Kim Eng: Buy - $0.60
Standard Chartered: Buy - $0.55Have a gd weekend.
Looks interesting
- Slated to release 1QFY11 results on 12 Nov. Shld be strong vis-a-vis previous year on low base, coupled with a recovering economy;
- Raoul is the wildcard. FJB has developed this brand over years and it seems to be gaining traction in Europe and U.S. This is a pivotal change to FJB as it morphs from a retailer to a brand owner;
- Aberdeen and Peter Lim own 8.0% and 17.6% respectively in FJB, signifying confidence in its long term prospects.
Do visit my remisier blog ernestlim15.blogspot.com for writeups on specific companies as well as financial information. Do drop me an email at crclk@yahoo.com.sg if you are keen to know more about the value added services which i can provide.
All the best in your trading and investing!