SINGAPORE (June 25): CGS-CIMB continues to rate Koufu an “add” with an unchanged target price of 86 cents.

In a Wednesday report, analyst Ngoh Yi Sin says, “We recently hosted Koufu on a conference call with a group of institutional clients. We remain positive on the stock as it is likely to benefit from pent-up F&B demand after phase 2 reopening, and possible consumer down trading during the economic downturn.”

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