PhillipCapital analyst Terence Chua says he sees a “more positive outlook” on food court operator Koufu as Singapore moves to an endemic state with the Covid-19 virus.

In a report dated September 6, Chua says he expects Koufu to report an improved footfall at its outlets as more measures look set to be lifted in a calibrated manner, including a further relaxation on dining-in limits.

Working from home may also no longer be the default arrangement, which could contribute to Koufu’s revenue.

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