Koufu Group

Broker's Calls

Koufu's FY20 earnings hit by coronavirus in Macau; still a 'buy' on strong fundamentals

SINGAPORE (Feb 14): DBS Group Research is keeping its “buy” recommendation on food court operator Koufu, with a reduced target price of 84 cents from 88 cents previously.

Investing ideas

STI valuations not stretched but investors should stay defensive, says UOB Kay Hian

SINGAPORE (Jan 23): Despite 2019 ending on a cheerful high, markets turned jittery when the new year started with old enemies US and Iran provoking each other, raising tensions in the Middle East a

Broker's Calls

Brokers’ Digest

UMS Holdings

Price targets:

$1.13 BUY (Maybank Kim Eng Research)

$1.08 BUY (DBS Group Research)

79 cents HOLD (CGS-CIMB Research)

Broker's Calls

Take a bite out of these 4 consumer stocks this year: DBS

SINGAPORE (Jan 6): Retail sales in Singapore saw an overall drop in 2019, but the F&B and online components of retail sales saw some growth.

Joint ventures and alliances

Koufu enters into another JV for Indonesian expansion after first JV failed to take off

SINGAPORE (Dec 18): Koufu Group announced that its subsidiary, Super Tea, has entered into a joint venture with PT Berkah Cipta Adirasa to develop, establish, manage and operate Super Tea's food an

Investing ideas

New outlet openings to feed Koufu's hunger for earnings

SINGAPORE (Nov 5): DBS Group Research is staying positive on Koufu Group, on the back of a flurry of new store openings which has driven earnings growth.

M&A

Will BreadTalk's $80 mil acquisition of Food Junction be too hard to swallow?

SINGAPORE (Sept 3): BreadTalk Group is licking its chops at the acquisition of Food Junction Management, which would make BreadTalk the third-largest foodcourt operator in Singapore behind NTUC Ent

Investing ideas

Koufu is one smooth operator of bubble teashops and foodcourts

SINGAPORE (Aug 20): Koufu Group is one of the few stocks bucking the lacklustre performance trend among F&B plays in the April to June quarter.

Investing ideas

Higher costs bite F&B earnings; overall pie growing, but shift towards lower end seen

SINGAPORE (Aug 19): In this latest earnings season, most of the local F&B stocks suffered huge losses.

Results

Koufu reports 16.2% increase in 2Q19 earnings to $7.2 mil on higher revenue

SINGAPORE (Aug 7): Food court operator Koufu Group posted 2Q19 earnings of $7.2 million, up 16.2% from $6.2 million in the same quarter last year on the back of higher contributions across business

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