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Research and Markets: Singapore Food and Drink Report Q3 2009 - Order Now
Friday June 26, 11:21 PM
Research and Markets (http://www.researchandmarkets.com/research/bf6e4d/singapore_food_and)
has announced the addition of the "Singapore
Food and Drink Report Q3 2009" report to their offering.
The Singapore Food Drink Report provides independent forecasts and
competitive intelligence on Singapore's food and drink industry.
Q209 saw little merger, acquisition or expansion activity largely due to
Singapore's economy taking a severe pounding as a result of the global
slowdown. BMI is predicting that GDP will contract by 7.2% in 2009 and
this coupled with only moderate per capita food consumption growth of
11.2% leaves companies fearful of making heavy investments in such an
uncertain climate.
Many of Singapore's food and beverage producers have witnessed a drop in
profits as input costs rise and consumers reduce their spending amid
financial concerns. For FY08 Petra Foods announced a 12.9% reduction in
net profit to US$22.9mn, for the same period Yeo Hiap Seng recorded a
net loss of US$7.1mn - more than double the loss it made for FY07.
Singapore's Fraser and Neave is also feeling the pinch, with sales for
Q109 dropping 6% to US$821.8mn and profit before interest and tax (PBIT)
for the same period falling 24% to US$104.0mn. One company feeling more
positive is Asia Pacific Breweries (APB) who posted revenue growth of
2.2% to US$380.2mn for Q109, while PBIT rose 5% to US$57.2mn for the
same period.
Moving to the mass grocery retail (MGR) sector, Q109 saw Singapore's
NTUC Fairprice announce plans to invest US$26.7mn expanding its network
and upgrading its existing stores. The company hopes to take advantage
of the expected increase in sales through modern retail outlets, which
are forecast to increase 32.7% to US$3.82bn by 2013. With the worsening
economic situation consumers are becoming more price conscious,
therefore eating out less and retailers such as NTUC Fairprice are
picking up the slack and benefiting from the increase in sales this
brings them.
While the global recession is casting a shadow over the short-term
outlook, BMI remains upbeat about Singapore's potential in the longer
term, forecasting a mild recovery in economic growth from 2010, before a
full recovery in 2011. This offers some positivity to food and drink
producers operating in the country.
Key Topics Covered:
EXECUTIVE SUMMARY
SWOT ANALYSIS
BUSINESS ENVIRONMENT
FOOD
DRINK
RETAIL
COMPETITIVE LANDSCAPE
APPENDIX
COMMODITY PRICE FORECASTS
COUNTRY SNAPSHOT: SINGAPORE DEMOGRAPHIC DATA
FOOD & DRINK BUSINESS ENVIRONMENT RATINGS
BMI FOOD & DRINK INDUSTRY GLOSSARY
BMI FOOD & DRINK FORECASTING & SOURCING
Companies Mentioned:
Petra Foods
Singapore Food Industries (SFI)
Asia Pacific Breweries (APB)
Fraser & Neave (F&N)
For more information visit http://www.researchandmarkets.com/research/bf6e4d/singapore_food_and
Contact:Laura WoodSenior Managerpress@researchandmarkets.comFax
from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716
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