Restaurants

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 ...
Jumbo kept at 'buy' with positive China expansion & 'excellent performance' in Taiwan
SINGAPORE (Jan 4): Maybank Kim Eng is maintaining its “buy” call on Jumbo Group with a target price of 70 cents, implying 26 times FY18 earnings, which is on par with its regional peers. The research house recently hosted a non-deal roadshow (NDR) for Jumbo in Singapore, where key discussions included the group’s franchising growth strategy, expansion growths in China and operational ...
Dairy Farm started at ‘buy’ as a proxy to the North Asian consumer boom
SINGAPORE (Sept 27): Phillip Capital is initiating coverage of Dairy Farm International at “buy” with a target price of US$9.89 ($13.41), given the Pan-Asian retailer is a proxy to the North Asian consumer boom. The research house is forecasting a dividend per share (DPS) of 22 US cents for FY17, representing a total return of 35.1% based on the counter’s last closing price of ...
Could Singapore’s consumer sector see a pickup in investor sentiment?
SINGAPORE (June 13): OCBC Investment is maintaining its “neutral” rating on Singapore’s consumer sector given a lack of broad-based improvement for the retail scene, as well as the continued expansion and growth of e-commerce players. This comes even as local retail sales data for April registered slightly above consensus, with retail sales up 2.6% on-year on higher sales in ...
Singapore traders lunching again 'good news' for Michelin-starred chef
SINGAPORE (March 1): Singapore’s stock traders lost their lunch break weeks after Osvaldo Forlino opened a restaurant in the heart of the city’s business district in 2011. As Forlino readies a new cafe, he’s looking forward to welcoming the dealers, who may once again get a midday pause. “This is good news,” Forlino, a Michelin-starred chef, said in his No Menu ...
How ABR Holdings is adding spice to its business in a slowing F&B industry
SINGAPORE (Feb 24): ABR Holdings, the company behind Swensen’s ice cream and Tip Top curry puffs is branching out into catering to seek growth. ABR is among the names that have been doing well this year. While it has not been expanding rapidly, the company has a decent track record. It has remained profitable since 2004 and has paid an annual dividend of 2.5 cents a share for the last four ...
Din Tai Fung JV a ‘favourable addition’ to BreadTalk
SINGAPORE (Nov 17): RHB is maintaining its “buy” rating on BreadTalk Group with a target price of $1.45, while expressing confidence in the group’s ability to venture into the UK market with the Din Tai Fung chain of restaurants. Earlier today, BreadTalk filed an announcement to the Singapore Exchange (SGX) stating it has entered into a franchise agreement to operate Din Tai Fung ...
BreadTalk partners Din Tai Fung franchise owner in UK expansion
SINGAPORE (Nov 17): BreadTalk Group says its wholly-owned indirect subsidiary Taster Food UK (TFUK) has entered into an agreement with Fairy Rise Development, the franchise owner of the Din Tai Fung brand of restaurants, for the franchise right to operate the Din Tai Fung brand of restaurants in the UK. BreadTalk currently operates 21 Din Tai Fung restaurants in Singapore, and three ...
Your fresh grad new hire is a lot happier than your CEO
SINGAPORE (Sept 30): Singapore has the most unhappy workforce in the region, according to a survey by JobStreet.com. The republic ranked the lowest in a poll of 7 countries, with a score of 5.09 on the 10-point scale rating. The top spot was taken by the Philippines with a score of 6.25, followed by Indonesia, Thailand, Hong Kong, Vietnam and Malaysia. The survey interviewed 67,764 ...
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