Koufu Group announced in a business update on Nov 24, that its total revenue on a same stores basis excluding new outlets decreased by 20% for the period July 1, 2021 to October 30, 2021 (the company has a Dec year end) as compared to the same period in 2019 (pre-Covid levels). The company said it e...

GS Holdings announced that its indirect wholly-owned subsidiary Hao Kou Wei (HKW) has entered into a joint venture agreement with Singapore-based food manufacturer Focaccia Foods to develop franchise and manage various food & beverage brands, among others. Established since 2003, Focaccia Food...

Maybank Kim Eng analyst Eric Ong has initiated “buy” on Koufu Group with a target price of 78 cents. The target price is based on an 18 times FY22E price-to-earnings ratio, in line with its local peers, says Ong in a Oct 11 report. Backed by its robust cash flow-generative business, the company ...

MAYBANK Kim Eng (Maybank KE) sees food court operator Koufu Group as a key beneficiary of Singapore's easing Covid-19 curbs as the city state "remains firmly on the path of reopening".

It seems that reopening the economy does have its downfalls. In Singapore’s cases, Covid-19 cases within the community increased. Although about 80% of the population have been vaccinated and positive cases have been advised to recover at home, the alarming increase in cases have pushed the govern...

PhillipCapital analyst Terence Chua says he sees a “more positive outlook” on food court operator Koufu as Singapore moves to an endemic state with the Covid-19 virus. In a report dated September 6, Chua says he expects Koufu to report an improved footfall at its outlets as more measures look se...

After quarters of being buffeted by the pandemic, the earnings recovery trend is normalising in the Singapore market, say DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong. “The positive earnings revision trend in 4QFY2020 and 1QFY2021 has halted. 2QFY2021 saw a -2.9% q-o-q e...

INCREASED footfall at its food outlets and a newly acquired business helped Koufu Group's first-half 2021 net profit surge to S$9.9 million, almost quadrupling from S$2.5 million in the year-ago period.

Foodcourt operator Koufu Group has reported earnings of $9.9 million for the half-year financial period ended 30 June 2021 – up nearly four-times $2.5 million this time last year. Revenue in the same period was up 18.8% y-o-y $105.7 million. “We are gradually seeing the fruition of our revenue d...

INCREASED footfall at its food outlets and a newly acquired business helped Koufu Group's H1 2021 net profit surge to S$9.9 million, almost quadrupling from S$2.5 million in the year-ago period.