Japan Foods - RHB Invest 2023-03-10: Benefitting From Strong F&B Demand; Stay BUY

• Japan Foods (SGX:5OI)’s better-than-expected 9MFY23 business update provided clear evidence of the F&B services’ strong demand in Singapore. While this trend may sustain in the near term, challenges remain from an uncertain economic outlook, inflationary cost pressures, and manpower shortages.
• - Read this at SGinvestors.io -

Positive surprises from the 9MFY23 business update.

• For 9MFY23 (Apr to Dec 2022), Japan Foods reported a revenue of S$58.4m (+54% y-o-y) on the back of strong demand for F&B services as Singapore relaxed COVID-19-related restrictions and from the positive response to Japan Foods’s expanded franchise in halal-segment restaurants. See Japan Foods's announcement dated 10 Feb 2023. The reported revenue accounted for 85% of our earlier FY23F.
• - Read this at SGinvestors.io -

Outlook looks promising.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Read also RHB's most recent report:
2024-05-29 Japan Foods - Hoping For A Better FY25.

Previous report by RHB:
2024-02-22 Japan Foods - 9MFY24 Numbers Remain Weak; NEUTRAL.

Price targets by other brokers at Japan Foods Target Prices.

Listing of research reports at Japan Foods Analyst Reports.

Relevant links:
Japan Foods Share Price History,
Japan Foods Announcements,
Japan Foods Dividend Payout Dates & Corporate Actions,
Japan Foods News