JUMBO said Monday it opened its second Tsui Wah outlet in Singapore, with a location on the tony Orchard Road shopping belt.
Food & Beverage
Singapore companies which may be in focus on Friday, 12 September 2019: GuocoLand, Cromwell European REIT, CapitaLand, TEE International, SGX and Sakae.
Del Monte Pacific reported Friday a fiscal 1Q net loss of US$38.26 million on one-off items related to closing plants in the U.S.
SATS said Thursday it acquired the 49 percent of its joint venture, SATS BRF Food, it didn’t already own from BRF GmbH for S$17 million.
These are Singapore companies which may be in focus on Wednesday, 4 September 2019: Cache Logistics Trust, FLT, BreadTalk and TEE International.
BreadTalk’s planned acquisition of food court operator Food Junction appears too expensive and earnings dilutive, RHB said in a note Monday.
BreadTalk said Monday it entered a deal to acquire food court operator Food Junction Management (FJM) from Food Junction Holdings for S$80 million.
Sakae posted Thursday a fiscal year net loss of S$13.40 million after taking impairment losses on its Cocosa Export acquisition.
Fraser and Neave said Thursday its wholly owned subsidiary F&N Investments (F&NI) subscribed for 5.2M new shares of Emerald Brewery Myanmar at US$1 each.
Singapore companies which may be in focus on Wednesday, 28 August 2019: Oxley, Tiong Seng, Yanlord, FLT, China Everbright Water and Parkson Retail Asia.
These are Singapore companies which may be in focus on Monday, 26 August 2019: Yangzijiang, SPH REIT, Silverlake Axis, UOL, Far East Orchard and SATS.
Sushi restaurateur Sakae Holdings warned Thursday it expected to report a loss for the fiscal year ended 30 June, largely due to a goodwill impairment.
These are Singapore companies which may be in focus on Thursday, 22 August 2019: Keppel, Soilbuild REIT, OCBC, Singtel, Yangzijiang and Creative Technology.
These are Singapore companies which may be in focus on Wednesday, 21 August 2019: Singtel, Frasers Logistics, Venture, Eagle Hospitality Trust and Spackman.
Del Monte Pacific said Tuesday it plans to shutter and divest some production facilities of its U.S. subsidiary, Del Monte Foods.
Thai Beverage reported its fiscal third quarter net profit climbed 26 percent on-year. These are analysts’ calls on the results.
RHB downgraded Thai Beverage to Take Profit from Buy, saying share price has “performed well” so far this year and is now fairly priced.
Thai Beverage said Friday its subsidiary International Beverage Holdings incorporated two subsidiaries in Hong Kong: Chang HK and International Breweries.
Old Chang Kee reported Wednesday its profit after tax dropped 52.6 percent on-year to S$593,000 on changes to accounting for leases and lower revenue.
Thai Beverage reported Wednesday its fiscal 3Q net profit climbed 26 percent on-year on higher contributions from the food, beer and spirits segments.
No Signboard Holdings said it wouldn’t launch any new dining brands after shuttering its three Hawker QSR outlets after less than a year.
BreadTalk said Wednesday CEO Chu Heng Hwee would resign, effective 31 December, with Executive Chairman George Quek Meng Tong set to take over the CEO role.
Japan Foods said Thursday it entered a JV with Ajisen Investments to operate Japanese ramen restaurants under the Konjiki Hototogisu in Hong Kong.
No Signboard Holdings said Thursday it would cease the operations of its Hawker QSR restaurants due to continuing losses.
These are Singapore companies which may be in focus on Thursday, 8 August 2019: Fraser and Neave, Halcyon Agri, Koufu, Kimly and Noble.
Singapore-style coffee shop operator Kimly reported Wednesday its fiscal 3Q net profit fell 6% on-year to S$4.69M despite higher revenue as expenses rose.
Fraser and Neave reported Wednesday its fiscal third quarter net profit increased 9 percent on-year to S$54.83 million on higher soft drink and dairy sales.
Koufu reported Wednesday 2Q19 net profit increased 16.2% on-year on stronger contributions from both the outlet and mall management and F&B retail segments.