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Will investors bite into this Japanese restaurant chain operator?

Stanislaus Jude Chan
Stanislaus Jude Chan6/25/2018 03:31 PM GMT+08  • 2 min read
Will investors bite into this Japanese restaurant chain operator?
SINGAPORE (June 25): CGS-CIMB Securities says Japanese food specialist enterprise RE&S Holdings is likely to see its earnings hit by major enhancement works at Great World City, but notes that the counter is currently trading below its Singapore restauran
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SINGAPORE (June 25): CGS-CIMB Securities says Japanese food specialist enterprise RE&S Holdings is likely to see its earnings hit by major enhancement works at Great World City, but notes that the counter is currently trading below its Singapore restaurant operator peers.

“RE&s stated the earnings from its six outlets in the mall may be negatively affected by the refurbishment,” says analyst Colin Tan in an unrated report on Friday.

RE&S operates a total of 39 full-service restaurants in Singapore and Malaysia, with some two-thirds of these comprising popular casual dining brands Ichiban Boshi and Ichiban Sushi. The group also owns 38 quick-service restaurants, food kiosks, bakeries and retail outlets.

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