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Counting on Katrina to dish up surprises

Broker's Calls

Counting on Katrina to dish up surprises

Michelle Zhu Published on Tue, Aug 16, 2016 / 10:00 PM GMT+8

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SINGAPORE (Aug 16): UOB Kay Hian is reiterating its “buy” call on Katrina Group with a lower target price of 37 cents from 39 cents previously.

Katrina operates a chain of restaurant and cafes under various F&B brands and concepts including So Pho, Streats and Bali Thai, all of which are developed and owned in-house.

In a Monday report, analysts Nicholas Leow and Andrew Chow say they continue to like Katrina as a defensive consumer stock with “attractive cash-generate characteristics and a resilient dividend yield”.

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