The Straits Times Index (STI) closed April up 1.7% m-o-m - its sixth consecutive m-o-m gain - riding on the continued economic recovery, say CGS-CIMB Research analysts Lim Siew Khee and Jeremy Ng Choon Heng. The analysts note the gain in April followed the US$2 trillion ($2.7 trillion) US infrastruc...

As distancing measures are set to ease on April 5, DBS Group Research analyst Alfie Yeo expects stocks exposed to domestic consumption to benefit. To this end, Yeo has kept “buy” on ComfortDelGro (CDG), Koufu, Sheng Siong Group and Dairy Farm International. “We are positive on CDG for increase...

PhillipCapital is keeping its “accumulate” rating on food court operator Koufu with an unchanged target price of 68 cents. This comes on the back of the ahead-of-schedule sale of two of the group’s existing kitchens. Koufu has granted an independent third party purchaser an option to purchase ...

UOB Kay Hian (UOBKH) and Phillip Securities have highlighted the possibility of food court operator Koufu Group issuing a special dividend from its proposed disposal of its property assets.

UOB Kay Hian (UOBKH) has highlighted the possibility of food court operator Koufu Group issuing a special dividend from its proposed disposal of its property assets.

Coffeeshop operator Koufu Group has granted an independent third party purchaser an option to purchase its properties located at 18 and 20 Woodlands Terrace for a consideration of $11.8 million. The agreement was entered into by the group’s wholly-owned subsidiary, Koufu Pte. Ltd. on March 1. The ...

DBS Research Group has revised earnings forecasts for stocks under its coverage up 2% for FY2021 and 3% in FY2022 in anticipation of economic recovery as the global vaccination drive unfolds and business activities pick up. It marks the first time earnings forecasts have been revised upwar...

Frasers Logistics & Commercial Trust (FLCT) could replace Jardine Strategic as a constituent in the next review of the Straits Times Index (STI) in June, says CGS-CIMB Research analyst Lim Siew Khee. See: Jardine Matheson Holdings to acquire remaining stake in Jardine Strategic for US$5.5 b...

Analysts are generally rather positive on food court operator Koufu following its FY2020 ended December 2020 results, which saw earnings fall by 64.3% y-o-y to $9.9 million as revenue dipped 19.2% y-o-y to $192.4 million. The company plans to pay a final dividend of 0.7 cents. Together with the inte...

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...