Fancy pork floss bun or beer business?
A few brand-name consumer turnaround stocks on the SGX are or will be taken private, but there are some other listed ones worth looking into
ONE lesson worth noting in 2016 is that a Singapore-listed company might be performing poorly, but if it is a good consumer brand name, people will be more than happy to take it out.
Recent news of a potential takeover of instant-drinks maker Super Group by Dutch firm Jacobs Douwe Egberts is one such example.
Super has struggled in recent years on regional instability. Its sales have dipped in the first six months of the year, and net profit is down by double digits. With full- year earnings expected to come in around four cents a share, the company was already trading at more than 20 times that - arguably justifiable if one does not foresee any significant improvement.
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