On 24 February 2023, QAF Limited (“QAF”) has announced their full year result for FY2022. Overall the continuing operations have definitely worsened in 2022, which is not unexpected given the ongoing Ukraine conflict which played a significant part in affecting their cost of sales. Without the one of gain of total insurance payments from the severe flooding in Peninsular Malaysia, their earnings per share is around SGD0.011 per share for FY2022. Barring any unforeseen circumstances, the worst and uncertainties of 2022 are over and they are still in a strong financial position to navigate 2023. They have also successfully disposed of their primary business in January 2022, and with the disposal, the primary business is now behind them. They can focus on the key core businesses they have remaining. Management have intended as well to continue expanding their trading and distribution business. From management view, their capital light, scalable approach...