Restaurants

Fresh start
SINGAPORE (Jan 14): From menu revamps and relocations to novel dining concepts, these seasoned chefs are turning the page to a new chapter. Returning with a bang Patrons of the local fine dining scene were aghast at the sudden closure of Hashida Sushi Singapore last June, after five years of operating at Mandarin Gallery. However, it was not long before chef Kenjiro Hashida, better ...
Jumbo opens first Singapore mall-based restaurant outlet at ION Orchard
SINGAPORE (Dec 12): Jumbo Group today opened its sixth Jumbo Seafood outlet in ION Orchard, Singapore, bringing its total number of Jumbo Seafood branded restaurants across Asia to 17. The new restaurant spans over 5,400 sq ft, including four VIP rooms, and seats 160 in total. It marks the group’ first Jumbo Seafood outlet in Singapore over the past 10 years, and is also the first outlet to ...
Japan Foods' proposed JV is good news, but industry headwinds persist: RHB
SINGAPORE (Dec 10): RHB Research is maintaining “neutral” on Japan Foods with a target price of 48 cents, post the announcement of the group’s 50:50 joint venture (JV) with Minor Singapore. To recap, Japan Foods recently signed a memorandum of understanding with Minor which will enable the former to bring Minor’s Thai restaurants to Japan, while the latter expands Japan Foods’ ...
BreadTalk seen less appetising after a weak 3Q; RHB slashes earnings estimates
SINGAPORE (Nov 7): RHB Research is maintaining its “sell” call on BreadTalk Group with a lower target price of 75 cents from $1 previously, after cutting FY18-20 forward earnings estimates by about 30% per annum to factor in the gestation of new businesses as well as higher interest costs. The research house has also lowered its target EV/EBITDA for BreadTalk’s core business to 5.5 times ...
Seafood treat
SINGAPORE (Oct 8): Eighteen years ago, as university students in Australia, Melvin Yeo and Elaine Lim (main image, right) had an unforgettable experience at Claypots St Kilda. The seafood bar, founded by Turkish-born Australian Renan Goksin, was the first of what is today a popular restaurant chain Down Under. Now, Yeo and Lim are attempting to recreate that experience in the central business ...
Vatos Urban Tacos chef-owner Sid Kim brings new dishes exclusive to Singapore outlet
SINGAPORE (Oct 2): The Singapore outlet of Korean-Mexican fusion restaurant chain, Vatos Urban Tacos, recently underwent menu revamp from chef and co-founder Sid Kim; one that added an entirely new lineup of novel creations to the already-extensive list of the brand’s classic favourites. Kim’s innovative spirit in KoMex cooking shines through in new starters like Chicken Mole Enchiladas ...
Katrina posts 97% lower 1H earnings on higher costs and outlet closures, says approaching 'critical mass'
SINGAPORE (Aug 14): Katrina Group announced earnings of $11,000 for the 1H ended June, down 96.7% from $0.3 million in 1H17 earnings a year ago due to higher costs and the closure of non-performing outlets . Revenue for 1H18 increased by 11.2% to $30.8 million as the group increased its overall outlet count, while its online revenue continued to grow. Cost of sales however grew by 13.2% to ...
Jumbo started at 'add' for strong brand equity & regional growth prospects
SINGAPORE (June 25): CGS-CIMB Securities is initiating coverage on Jumbo Group with an “add” recommendation and target price of 62 cents, which is based on 23 times CY19F earnings, below its regional peer average of 24.7 times against a three-year EPS CAGR of 13.9% for CY17-20F. This is in view of the group’s strong earnings growth outlook for FY19F, which the research house believes ...
Jumbo posts 23.9% lower 2Q earnings of $4.3 mil due to ongoing expansion
SINGAPORE (May 14): Jumbo Group announced earnings of $4.3 million for the 2Q ended March, down by 23.9% from its 2Q17 earnings of $5.7 million due to higher expenses mainly incurred as part of the group’s ongoing expansion. The latest set of 2Q results brings Jumbo’s earnings for 1H18 to $77.5 million, which is 7.5% up from $72.1 million in the same period a year ago. Revenue for the ...
8 'yu sheng' dishes to try this Lunar New Year
Toss to love, luck and prosperity with your loved ones with these luxurious and unconventional takes on the traditional yu sheng dish.  1. Fruits of Fortune Yu Sheng – Min Jiang @ One-North Master Chef Goh Chee Kong of Min Jiang at One-North welcomes Spring with a vibrant floral-themed yu sheng dish made from julienned peaches, plums and kiwis. It is available for dine-in only at ...