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Earnings missed but analysts' appetite for Koufu remains strong

Samantha Chiew
Samantha Chiew3/1/2021 4:16 PM GMT+08  • 4 min read
Earnings missed but analysts' appetite for Koufu remains strong
Earnings missed but analysts’ appetite for Koufu remains strong
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Analysts are generally rather positive on food court operator Koufu following its FY2020 ended December 2020 results, which saw earnings fall by 64.3% y-o-y to $9.9 million as revenue dipped 19.2% y-o-y to $192.4 million.

The company plans to pay a final dividend of 0.7 cents. Together with the interim dividend of 0.5 cents already paid, the total FY2020 payout of 1.2 cents represents a payout ratio of around 70%.

As of end 2020, Koufu runs 48 food courts, 18 coffee shops and a commercial mall under the outlet & mall management segment, while its F&B retail segment constitutes 74 self-operated F&B stalls, 36 F&B kiosks, seven so-called quick-service restaurants, four full-service restaurants and 57 Delisnacks branded F&B stalls.

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