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SEE:Koufu to dispose properties at Woodlands Terrace for $11.8 mil
“We believe the recovery in consumption post circuit breaker will continue to improve footfalls and revenue of the food courts and coffee shops in FY2021. We expect the completion of the group’s new IF in 1QFY2021 to yield cost savings and provide an additional revenue source from the rental of the balance 25% space,” adds Chua. As at 11.40am, shares in Koufu are trading at 68 cents, meeting the analyst’s target price. The stock is trading at a FY2021 price-to-book ratio of 3.1 times, with a dividend yield of 2.8%.