- 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.
Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2023-03-10
Read also RHB's most recent report:
2024-02-22 Japan Foods - 9MFY24 Numbers Remain Weak; NEUTRAL.
Previous report by RHB:
2023-12-08 Japan Foods - Delayed Impact Of High Inflation; Downgrade To 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 Dividends & Corporate Actions,
Japan Foods News Articles
