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Sunday, May 26, 2024

Food Empire - She has corrected from 1.34 to touch the low of 1.08 I think is a healthy correction! Final dividend of 5 cents plus Special dividend of 5 cents, looks like the company knows how to reward the shareholders! If it can reclaim 1.15 smoothly, we may see her rising up to test 1.21.Pls dyodd.

  Food Empire  - She has corrected from 1.34 to touch the low of 1.08 I think is a healthy correction! Final dividend of 5 cents plus Special dividend of 5 cents,  looks like the company knows how to reward the shareholders!



 If it can reclaim 1.15 smoothly,  we may see her rising up to test 1.21.Pls dyodd. 


Food Empire  - It has a great running up from 1.10 to 1.34 level, seem rather overly extended! Last year Final dividend of 4.4 cents, yield is about 3.28 percent.  Lets say dividend increase to 6.5 cents yield is about 4.85% so, I think cautious mode! 



It may rise up to retest 1.36. But I think is better for her to consolidate and then gather the strength to cross over 1.36 convincingly. If not, we may see a retracement soon! 

Pls dyodd.

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