food courts

Koufu announces maiden post-IPO results with $6.2 mil earnings for 2Q

SINGAPORE (Aug 29): Koufu Group reported 2Q18 earnings of $6.2 million, down by 2.6% from $6.3 million a year ago on higher property-related expenses and depreciation charges.

This brings the group’s earnings for 1H18 to $12.4 million, representing a 1.4% decline from $12.5 million in 1H17 due to similar reasons.

Together, Koufu’s 2Q18 and 1H18 financials make up the group’s maiden results announcement since it commenced trading on 18 July this year.

Would it be a shame for investors if Auric Pacific delists?

SINGAPORE (Feb 22): CIMB Research continues to keep its “add” recommendation on Auric Pacific Group with an unchanged target price of $1.96 after the group on Tuesday posted a turnaround in FY16 with $72 million in earnings, which was largely in line with the research house’s expectations.  

Offer price for Auric Pacific is ‘not favourable’; here’s what CIMB thinks the group is worth

SINGAPORE (Feb 8): CIMB Research is maintaining its “add” recommendation for Auric Pacific Group with an unchanged target price of $1.96 on the belief that the current offer price for the takeover of the group is “not favourable”.

Auric Pacific is an investment holding company which owns and operates a range of businesses including the Food Junction chain of food courts, Delifrance cafes, as well as the manufacturer of Sunshine Bread.

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