DBS is keeping its “buy” recommendation on food court operator Koufu with an unchanged target price of 77 cents, despite the group reporting less than stellar FY2020 results. In its final year ended December 2020, Koufu posted revenue of $192.4 million down 19% from the preceding year, as circui...

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FOOD court operator Koufu's net profit for the six months ended Dec 31, 2020 nearly halved year-on-year to S$7.35 million from S$13.58 million as the pandemic impacted revenue.

FOOD-court operator Koufu's net profit for the six months ended Dec 31, 2020 nearly halved year on year - from S$13.58 million down to S$7.35 million - as the pandemic impacted revenue.

Foodcourt operator Koufu Group has reported revenue of $192.4 million for FY2020 ended Dec 2020, down 19% from the preceding year, as circuit breaker measures earlier in the year hurt overall sales. However, coupled with writedowns and other one-off items, the company’s earnings dropped by 64.3% y...

The upcoming rollout of Covid-19 vaccines here will accelerate the rebound of small- and mid -cap stocks (SMC) and they are expected to catch up with larger caps on attractive valuations, says DBS Group Research analyst Ling Lee Keng in a Jan 5 note.  The hospitality and retail sectors, in part...

What a year 2020 was, with the coronavirus upending industries, supply chains and the livelihoods of many. On Dec 31, 2020, the last trading day of the year, the benchmark Straits Times Index (STI) slid 25.41 points or 0.89% to 2,843.81 points at the closing bell.  Year-on-year (y-o-y) this is ...

Mainboard-listed Koufu Group, on Dec 30, entered into an agreement for the sale of its stake in PT Super Tea Indonesia to PT Berkah for a consideration of 4.52 billion rupiah ($424,537). The consideration for the share sale is equivalent to approximately 55% of the book value of Super Tea Indonesia,...

UOB Kay Hian analyst John Cheong and the Singapore research team have highlighted BRC Asia, Food Empire, Frencken and InnoTek as its top buy picks among the small-mid cap sector. He has given all three “buy” calls with target prices of $1.88, 88 cents and 82 cents respectively. The brokerage has...

CGS-CIMB Research is keeping its “add” recommendation on Koufu with a higher target price of 94 cents, compared to 86 cents previously. In a Dec 14 report, analyst Cezzane See says, “While we are positive on Koufu’s longer-term prospects, we think that we were previously too aggressive about...