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The Citizen
15 hours ago
- Entertainment
- The Citizen
Unleash your inner oyster in Knysna
July festival is not for weightwatchers. There are a million good reasons, most of them packed in shells and tasting delightfully of the sea, for visiting the Knysna Oyster Festival (KOF) next month, but wanting to lose weight is not one of them. Oysters themselves are not fattening and are packed with nutrients but, serve them fried and smothered in a bacon and blue cheese sauce, you can almost hear the calorie-counter going berserk. And that's just for starters. A two-day media visit last week to preview the 42nd annual festival, from 4-13 July, began fairly virtuously; oysters in the half shell accompanied only by lemon, black pepper, peri-peri sauce and a glass of Leopard's Leap bubbly at Sirocco. It was, so to say, a shucking good time. Things went south that evening when we decamped to Wildside Beach, a shack-style diner on the rocks at Buffels Bay – included, along with Sedgefield and Reenendal, in the Knysna municipal district – for sundowners and dinner. Sunset was accompanied by a full moon almost as spectacular as dinner of creamy mussels, garlic-butter prawns, deepfried hake and panko-crumbed calamari. Nothing slimming about that… what followed was a Weight Watchers' nightmare. Tammy Coby, one of the Knysna Oyster Festival organisers, placed three mini-puddings in front of us and told us to score each out of 10. Picture: Jim Freeman ALSO READ: Bin huggers are just plane rude Chocolate dreams and dessert wars This, she said, was the premise of Dessert War Fair. Promising this would be the sweetest happening of the festival – it takes place on 9 July, tickets from Quicket – 'where talented chefs and bakers showcase their most scrumptious creations' in a contest to find the most epic dessert, Tammy offered another tempting morsel. She introduced us to one of last year's winners. Kirsten Walters is the owner and founder of Ile de Chocolat ('Island of Chocolate') and is a Swisstrained chocolatier with her manufacturing studio at the five-star Pezula Hotel and a retail outlet at Thesen Harbour Town. She is not affiliated to nearby Ile de Pain ('Island of Bread'), the renowned artisanal bakery where we had breakfast the next morning. 'I am a trained pastry chef who indulged her passion by studying at the International School of Chocolate Art in Zurich, where I finished as valedictorian in 2006. 'South Africans at the time did not have much of a chocolate culture – they basically knew Beacon, Nestlé and Cadbury – and I wanted to introduce them to the 'proper' stuff only the wealthy had encountered through international travel. 'I had the mad idea of producing chocolate on site in a retail environment where people could watch the process and it was Brian Coppin who was building his flagship Food Lover's Market in Tyger Valley (Cape Town) who gave me the break. He said 'we're opening in a week, can you be ready?' We were literally an island of chocolate in the middle of this huge, magnificent store,' said Walters. Apart from giving the business ( its name, it was the proverbial springboard to success. Picture: Jim Freeman 'We were in seven stores around the country within a year but business came to a screeching halt two-and-a-half years later when I gave birth to twins,' she said. The Walters family moved to the Garden Route three years ago for a life that was less hectic, but just as sweet. 'Our speciality, my pride and joy, is truffles. I love developing new fillings and have about 50 flavours. 'There are your traditional hazelnut, almond and creamy chocolate fillings before going fruity with raspberry and mango. We do a whole alcohol range; Kirschwasser with a maraschino cherry is the most popular but I also do whisky, Van der Hum and Amarula. 'More extreme flavours include rosemary and pear, chili and I've even dabbled with curry on occasion.' The KOF caters to gourmands as well as gourmets. Picture: Jim Freeman From forest runs to fine wines There's a carbo-loading pasta evening on 4 July, the night before the Knysna Forest Marathon, that's not restricted to runners; a burger and beer extravaganza on 5 July; and a 'pizza-eating showdown not for the faint-hearted' on 9 July. For those on a liquid diet, Stella Artois is one of the sponsors and there will be several beery hotspots around the KOF, notably at Wildside Beach in Buffels which does not have a liquor licence. If you don't like beer with your fish and chips, the restaurant doesn't charge corkage. The Knysna Fine Wine Festival takes place at Simola Hotel on 4 and 5 July, and several estates will be serving their best vintages at the oyster cooking and shucking championships on 8 July. As the organisers say, 'Come hungry, come happy – and come out of your shell!' The forest marathon might be the festival's signature sporting event, but there's also the Knysna Cycle Tour on 12-13 July. Physicality is as physicality does… there's live music and (of course) dancing throughout the 10-day event. There are also adventure offerings, including guided and self-guided canoeing and hiking. For the latter, visit the Pledge Nature Reserve in the centre of town for a gentle uphill stroll that will reward hikers with wonderful views of the Knysna Heads and lagoon. Petrol-heads can wander around the Eden Classic Car and Motorcycle Show at Sedgefield's Scarab Arts and Crafts Village on 9 July. Picture: Jim Freeman NOW READ: Ford powers leopard conservation efforts
Yahoo
28-05-2025
- Business
- Yahoo
Coca-Cola FEMSA (KOF) is on the Move, Here's Why the Trend Could be Sustainable
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. (KOF) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. KOF is quite a good fit in this regard, gaining 9.4% over this period. However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 3.1% over the past four weeks ensures that the trend is still in place for the stock of this bottling company. Moreover, KOF is currently trading at 85.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance. So, the price trend in KOF may not reverse anytime soon. In addition to KOF, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria. This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market. However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies. Click here to sign up for a free trial to the Research Wizard today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coca Cola Femsa S.A.B. de C.V. (KOF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
25-04-2025
- Business
- Yahoo
Coca-Cola FEMSA: Q1 Earnings Snapshot
MEXICO CITY (AP) — MEXICO CITY (AP) — Coca-Cola FEMSA SAB (KOF) on Friday reported net income of $251.5 million in its first quarter. The Mexico City-based company said it had net income of $1.20 per share. The bottling company posted revenue of $3.43 billion in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on KOF at Sign in to access your portfolio
Yahoo
13-04-2025
- Business
- Yahoo
Coca-Cola FEMSA. de Full Year 2024 Earnings: EPS Misses Expectations
Revenue: Mex$279.8b (up 14% from FY 2023). Net income: Mex$23.7b (up 22% from FY 2023). Profit margin: 8.5% (up from 8.0% in FY 2023). The increase in margin was driven by higher revenue. EPS: Mex$113 (up from Mex$93.00 in FY 2023). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%. The primary driver behind last 12 months revenue was the Mexico segment contributing a total revenue of Mex$135.9b (49% of total revenue). Notably, cost of sales worth Mex$151.1b amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to Mex$74.4b (71% of total expenses). Explore how KOF's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Beverage industry in the US. Performance of the American Beverage industry. The company's share price is broadly unchanged from a week ago. It is worth noting though that we have found 1 warning sign for Coca-Cola FEMSA. de that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Asia Times
14-03-2025
- Business
- Asia Times
Trump's tariffs and the illusion of de-globalization
Many analysts have interpreted Trump's protectionist stance, and the United States' imposition of tariffs, as economically irrational. If the liberal motto was once that 'under free trade everybody wins', it is now logical to think that, under protectionism, everyone will lose. It would also mean the end of globalization, which would come at a great economic cost for the US. In just the last few days, the US-Canada tariff crisis has escalated significantly. The Ontario government responded to Trump's threats with a 25% tariff on electricity serving the states of Minnesota, New York and Michigan, prompting Trump to announce that he would raise tariffs on Canadian steel and aluminium to 50%. Shortly after, Ontario authorities suspended the electricity rate hike, and Trump has now also walked back his retaliatory tariff hike. Similar events are taking place on the other side of the Atlantic as well, as the European Commission has responded to US tariff threats on steel exports with its own package of measures targeting a range of American goods. Trump's narrative pivot has caused turmoil, and seems to run contrary to US business interests. However, a critical look at the benefits of free trade – and the US' unique position in relation to it – can help us understand the resurgence of protectionist discourse, and the US' trade war with China. Free trade serves US interests Economic history shows that, once the US' technological development outstripped its competitors, it was able to turn free trade into an instrument that protected its own interests. At this point it, along with its allies, began to promote free trade as vital to the development of less advanced economies. This resulted in globalization, which was what made it possible to manufacture goods in China at lower costs, thus keeping US wages and inflation in check and increasing the profits of US companies. As long as this remained the case, free trade with China served the interests of US companies and was therefore justifiable. However, in recent years, China has shifted its economic strategy toward producing and exporting high-tech, value-added products (as South Korea and Taiwan have also done). Chinese-produced mobile phones, electric cars and artificial intelligence (AI) have subsequently conquered the US market. The longer this shift goes on, the more useful and legitimate tariffs and protectionism become as a way to shield the economic interests of US businesses. How far will the US go? Protectionist rhetoric and trade wars were already trumpeted by the first Trump administration. However, the KOF globalisation index – which measures the global connectivity, integration and interdependence of countries – showed the same value in 2021 as it did in 2017. While the growth experienced since 1970 ground to a halt, the index's indicators disprove any claim that globalization receded during Trump's first term in office. This second term may well be different because, according to some experts, the president has learned to bypass political counterweights, to surround himself with like-minded people, and to free himself from partisan ties in order to implement his own agenda. Others, however, question the very existence of his own agenda beyond the interests of big business, because it is precisely this alignment of interests that allows him to: Impose tariffs on developed countries, and on products competing for the same markets. Make political use of tariffs to threaten other countries and secure access to vital resources for the technology race (mainly due to the US' position of being the world's largest buyer and military power). Launch a new arms race that will boost the profits of US industry. Use a nationalist and anti-globalization narrative to justify the growing precariousness of the US working class. He aims to unite US citizens behind the flag, dilute their class consciousness, and offer up new scapegoats in the form of immigrants. In reality, Trump's agenda is unlikely to be compatible with any meaningful de-globalization process. Reversing globalization would be contrary to the interests of US capital, which needs to expand – into both new territories and sectors – to ensure its own survival. In light of all this, why would US multinationals want to stop making huge profits in other countries? What could lead them to give up producing in territories with lower production costs, cheaper labor and a guaranteed supply of raw materials? The dollar's 'exorbitant privilege' According to IMF data, in the third quarter of 2024 the US dollar still accounted for more than 57% of total international reserves, and more than 80% of international trade financing. When a country's domestic currency acts as a reserve asset or is the currency in which most international payments are made, the financing of persistent current account deficits does not carry major risks of either devaluation or currency crisis. Every year since 1982, with the sole exception of 1991, the US current account balance has been negative. These conditions for financing its debt – which Valéry Giscard d'Estaing, Charles de Gaulle's Minister of Economy, defined in 1964 as an 'exorbitant privilege' – improve even in times of crisis. The dollar's status as a safe haven asset (much like gold) means that international demand for it actually increases in times of uncertainty. So why would the US be in favour of shifting its trade balance, thereby renouncing the privilege of issuing the international reserve currency? The great trilemma In his 2012 book The Globalisation Paradox, Turkish economist Dani Rodrik puts forward his theory of the 'trilemma.' This theory states that democracy and national sovereignty are fundamentally incompatible with globalization. Only those who accept the existence of this trilemma, and understand the tensions that arise from it, can then begin to pick apart one of its components. This is where Trump seems to have the upper hand. He is playing a game of illusions, one where he publicly pretends to dynamite globalization while, behind the scenes, he stealthily dismantles the pillars of democracy. Juan Carlos Palacios Cívico is profesor Agregado en el área de Política Económica y Desarrollo, Universitat de Barcelona This article is republished from The Conversation under a Creative Commons license. Read the original article.
