Old Chang Kee

SINGAPORE (May 30): Old Chang Kee saw FY18 earnings double to $5 million from $2.4 million in FY17 on improved gross margins and revenue.

SINGAPORE (Feb 15): Phillip Capital is maintaining its “buy” call on Old Chang Kee with a following the group’s release of its 9M18 results, which came in at 78% of the research house’s full year expectations.

SINGAPORE (Feb 14): Old Chang Kee announced earnings of $1.2 million for 3Q18, down 9.3% from $1.4 million a year ago in 3Q17 on higher expenses related to increased raw material costs.

SINGAPORE (Dec 11): The recent results season has seen mostly positive numbers from the 16 companies in our portfolio that reported results in the quarter ending Sept 30. Nine reported earnings growth in the recent quarter, while five saw their earnings

SINGAPORE (Nov 14): Old Chang Kee announced last night 2Q18 earnings dropped 52.6% to $748,000 from $1.58 million in 2Q17.  

SINGAPORE (Aug 21): Phillip Capital is maintaining its “buy” call on Old Chang Kee as it expects the group’s newly constructed factory which will be commencing in 3Q18 to yield manufacturing efficiencies and new product offerings.

SINGAPORE (Aug 14): Old Chang Kee announced that its 1Q18 earnings dropped 27.7% to $667,000 compared to $923,000 the previous year.

(June 9): Our Singapore Market Portfolio gained1.07% over the period of May 30 to June 6, slightly outpacing the 0.96% gain in the Straits Times Index. Most of our holdings rose, among them curry puff seller Old Chang Kee. The company had disappointed us

(June 2): Over the past week, the benchmark Straits Times Index slipped 0.6% to close at 3,204.8 points. Our Singapore Market Portfolio lost 0.3% of its value for the period of May 23 to 30. Five of the 12 stocks in our portfolio saw gains; one ended the

SINGAPORE (May 29): Old Chang Kee, the retailer of curry puffs and snacks, reported FY17 earnings fell by more than half to $1.7 million from $5 million on higher expenses.