yongts
2022-06-15

$FOOD EMPIRE HOLDINGS LIMITED(F03.SI)$something fishy with food empire because they declare profit when they sudden losses 40%+ of their market share in Russia and Ukraine . Yet they say they are doing very well and even their stock is doing not bad consider the hugh blow they suffer in Russia and Ukraine. How can a Company recovered so fast? They never go bankrupt is already a miracle. Now I know why. It is creative accounting.  They also sold of their building as was published. Profit must be from the sale of asset and maybe many more accounting maneuver. But all this is temporary and the fundamental is not good. It show that they likely are in cash flow problem too. Please do your own due diligence study. 

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Comments

  • FrankRebecca
    2022-06-15
    FrankRebecca
    I don't think it's the proper time to buy.
    • yongts: 
      yes.
    • yongts: 
      if I will you . I sell or short as for now.
    • FrankRebeccaReplyyongts: 
      Yes you are right, Anyway I don't hold this share now.
    • yongts: 
      short is a bit of risky. because this company is closely held. not many people trading when price is low. it seem all shareholders are rich or have holding power
  • AndreaClarissa
    2022-06-15
    AndreaClarissa
    FOOD EMPIRE HOLDINGS is still decreasing this week.
  • AnT
    2022-06-15
    AnT
    lol nice one... fishy
  • ClarenceNehemiah
    2022-06-15
    ClarenceNehemiah
    Just be catious during this period.
  • setia100
    2022-06-15
    setia100
    Dig deeper ❗❗❗
    • yongts: 
      no need 2.unless they r magician.how can any company losses their most lucrative which also represent 40%+of their revenue turn around so fast if not selling asset & using creative acct 2 show profit
  • 虎视Tan
    2022-06-15
    虎视Tan
    👍
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