Neo Group

Markets

The not-so-great pivot

Companies in Singapore have diversified and pivoted their businesses following the pandemic, to a host of mixed results.
Neo and wife assume substantial stake in JV partner Boldtek in married deal - THE EDGE SINGAPORE

Neo and wife assume substantial stake in JV partner Boldtek in married deal

Founder and CEO of Neo Group and wife take 8.21% stake in Boldtek; Standard Life Aberdeen trims Yoma Strategic stake to 5.998%.
Neo Group founder to privatise company at 60 cents per share - THE EDGE SINGAPORE

Buyout

Neo Group founder to privatise company at 60 cents per share

Neo Group's founder is taking back his company.
Boldtek Holdings subsidiary to purchase residential property at No. 8 Lorong 25A Geylang Road for $26.5 mil - THE EDGE SINGAPORE

Property

Boldtek Holdings subsidiary to purchase residential property at No. 8 Lorong 25A Geylang Road for $26.5 mil

An initial deposit of $200,000 has been paid on Dec 21, 2020.

Sector Focus

Appetites awaken as Covid-19 measures relax

With Phase 3 underway, how will the F&B market fare?

F&B sector

Neo Group to develop multiple income streams; expand along whole supply chain

Neo Group plans to expand along the whole F&B chain

Neo Group's chairman raises stake; PropNex's top shots go on a shopping spree

Neo Kah Kiat, chairman and CEO of caterer Neo Group, increased his stake in the company via two separate married deals on July 24. In the first tranche, he acquired 453,300 shares for $190,386 and in the second tranche, he acquired 2.2 million shares for

Neo Group's boss raises stake in married deal; Lian Beng's Ong family scoops up shares

SINGAPORE (Feb 21): Neo Kah Kiat, chairman and CEO of caterer Neo Group, bought 5.2 million shares via a married deal on Feb 13. He paid a total of $1.56 million, which works out to 30 cents per share – a significant discount to Neo Group’s closing p

Results

Neo Group doubles 3Q earnings to $3.5 mil

Neo Group has reported that earnings for its 3QFY2020 ended Dec 31 2019 doubled to $3.5 million. Revenue, in the same period, increased by 2.7% y-o-y to $50.8 million, as the company generated growth in its core catering busin

Investing ideas

Higher costs bite F&B earnings; overall pie growing, but shift towards lower end seen

SINGAPORE (Aug 19): In this latest earnings season, most of the local F&B stocks suffered huge losses. While revenue for most have increased, operating costs rose by a bigger quantum, causing a drag in earnings.
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