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QAF Ltd. ( (SG:Q01) ) just unveiled an update.
QAF Ltd. announced that its joint venture partner, Padiberas Nasional Berhad (BERNAS), will transfer its 50% shareholding in Gardenia Bakeries (KL) Sdn Bhd (GBKL) to Tradewinds (M) Berhad as part of an internal restructuring. The transfer has received Malaysian regulatory approval, and the revised shareholders’ agreement clarifies that GBKL is not required to be wound up if listing objectives are not met by March 2028. This allows GBKL to continue operations, focusing on long-term value creation. Consequently, QAF Ltd. has recalculated its investment valuation in GBKL, resulting in a non-cash reversal of approximately S$10.6 million from previous impairment adjustments.
The most recent analyst rating on (SG:Q01) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on QAF Ltd. stock, see the SG:Q01 Stock Forecast page.
More about QAF Ltd.
QAF Ltd. is a company incorporated in the Republic of Singapore, primarily involved in the bakery industry through its joint venture in Gardenia Bakeries (KL) Sdn Bhd (GBKL). The company focuses on producing and distributing bakery products, with a significant market presence in Malaysia.
Average Trading Volume: 78,466
Technical Sentiment Signal: Buy
Current Market Cap: S$512M
For a thorough assessment of Q01 stock, go to TipRanks’ Stock Analysis page.