Koufu Group

Broker's Digest: Grand Venture Technology, FLCT, banks, Koufu, Kimly - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: Grand Venture Technology, FLCT, banks, Koufu, Kimly

Grand Venture Technology
Price target:
CGS-CIMB “add” $1.12

‘New chapter of growth’ unfolding

DBS positive on CDG, Koufu, Sheng Siong and Dairy Farm on easing of measures - THE EDGE SINGAPORE

Broker's Calls

DBS positive on CDG, Koufu, Sheng Siong and Dairy Farm on easing of measures

As distancing measures are set to ease on April 5, DBS Group Research analyst Alfie Yeo expects stocks exposed to domestic consumption to benefit.

Koufu Group reports 64.3% drop in FY2020 earnings - THE EDGE SINGAPORE

Results

Koufu Group reports 64.3% drop in FY2020 earnings

Foodcourt operator Koufu Group has reported revenue of $192.4 million for FY2020 ended Dec 2020, down 19% from the preceding year, as circuit breaker measures earlier in the year hurt overall sales

PhillipCapital eyes year-end STI at 3,200 - THE EDGE SINGAPORE

Positioning for the recovery

PhillipCapital eyes year-end STI at 3,200

Stock markets have remained volatile as countries take turns going into lockdowns to curb subsequent waves of the Covid-19 virus, creating near-term economic uncertainty.

Sector Focus

Appetites awaken as Covid-19 measures relax

Following the relaxation of Covid-19 restrictions imposed during the “circuit breaker” period, consumers are out and about again, giving business to restaurants and other F&B outlets.

The worst is over for the F&B foodservice players as hungry consumers are out and about - THE EDGE SINGAPORE

Broker's Calls

The worst is over for the F&B foodservice players as hungry consumers are out and about

“We believe the worst is over for Singapore F&B Foodservice barring an unforeseen return to Phase 1 of the Circuit Breaker.

F&B sector

Kimly, Koufu stay easy on the pockets and taste buds of Singaporeans

With Singaporeans encouraged to continue to stay away from the office, lunch for the work from home HDB heartlander now means either home-cooked food or a quick jaunt to the nearest coffee shop or

M&A

Appetite for overseas expansion grows as Koufu expands into the Philippines

Koufu will bring its Supertea and R&B Tea brands to the Philippines, after subsidiary Super Tea entered into a master franchise agreement with Shakey’s Pizza Asia Ventures.  

Broker's Calls

Koufu reserved its seat for recovery in 2H; Deli Asia to bring in the dough

Analysts still have a strong appetite for food court operator Koufu despite its latest lacklustre 1H20 results and expect it to bounce back up from its less-than-stellar performance.

Broker's Calls

938 Brokers' Digest

Koufu Group
Price target:

DBS Group Research “BUY” 75 cents
CGS-CIMB “Add” 86 cents

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