food and beverage (F&B)

Results

BreadTalk reports 52.4% higher earnings of $1.7 mil on higher revenue

Singapore (May 7): BreadTalk Group has announce earnings of $1.7 million for 1Q19, up 52.4% from $1.1 million in earnings a year ago on higher revenue.

Results

Koufu reports 12.3% growth in 1Q earnings to $7 mil on higher revenue

SINGAPORE (May 6): Food court operator Koufu Group has announced 12.3% higher 1Q19 earnings of $7 million from $6.2 million a year ago, due to higher contributions from across its business segments.

Food & Beverage

Jumbo opens three new F&B outlets in Singapore

SINGAPORE (April 12): Jumbo Group has opened three new restaurants in a move to expand in Singapore, with a new Jumbo Seafood outlet at Jewel Changi Airport as well as two new concepts at Far East Square, all of which were launched today.

Broker's Calls

Koufu to benefit from MBS expansion, new outlet opening a possibility: UOB

SINGAPORE (April 9): UOB Kay Hian is maintaining its “buy” call on Koufu Group with an unchanged target price of 95 cents while highlighting Koufu as a potential beneficiary from the upcoming expansion of Marina Bay Sands (MBS), where the group operat
Neo Group to consolidate & shift operations to upcoming high-tech facility at Jurong

Property

Neo Group to consolidate & shift operations to upcoming high-tech facility at Jurong

SINGAPORE (Mar 15): Catering company Neo Group is moving from its headquarters from Enterprise Road to 30B Quality Road at Jurong, where the group intends to construct a high-tech catering hub and integrated facility spanning 300,000 sq ft and 10 storeys

Results

Lifebrandz 2Q losses widen 18% to $0.6 mil on higher sales activities, business expansion

SINGAPORE (Mar 14): Lifebrandz saw its losses in 2Q widen 18% to $0.6 million from $0.5 million a year ago, mainly due to an increase in total expenses which the group attributes to higher sales activities and business expansion.

Broker's Calls

This F&B empire is a steal at current valuations, says UOB Kay Hian

SINGAPORE (Mar 8): UOB Kay Hian is initiating coverage on Koufu Group at “buy” with a target price of 95 cents, which implies a 41.8% upside to its last close of 67 cents.

Tech

Temasek-backed Impossible Foods to contest Bill Gates' Beyond Meat in Singapore

SINGAPORE (Mar 6): Starting today, blocks of Impossible Foods Inc.’s plant-based meat will be delivered to eight restaurants in Singapore to be made into a variety of cuisine from burgers and ‘meatballs,’ to char kway teow and ‘beef’ Wellington

Results

BreadTalk's FY18 earnings fall 29.9% to $15.2 mil in absence of TripleOne Somerset divestment gain

SINGAPORE (Feb 19): BreadTalk Group delivered earnings of $15.2 million for FY18, declining 29.9% from its earnings of $21.7 million for FY17 despite booking revenue growth for the year.
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