JUMBO opens second Tsui Wah restaurant in Singapore
JUMBO said Monday it opened its second Tsui Wah outlet in Singapore, with a location on the tony Orchard Road shopping belt.
Food & Beverage
UPDATE: Singapore stocks to watch Friday: CityDev, GuocoLand, Cromwell European REIT, CapitaLand, Sakae, SGX
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 reports fiscal 1Q net loss on US plant closures
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 acquires 49 percent of SATS BRF Food it didn’t already own
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.
UPDATE: Singapore stocks to watch Wednesday: OUE C-REIT, Cache Logistics, FLT, BreadTalk, Sasseur REIT
These are Singapore companies which may be in focus on Wednesday, 4 September 2019: Cache Logistics Trust, FLT, BreadTalk and TEE International.
RHB: BreadTalk’s acquisition of Food Junction is ‘too expensive’
BreadTalk’s planned acquisition of food court operator Food Junction appears too expensive and earnings dilutive, RHB said in a note Monday.
BreadTalk enters deal to acquire food court operator Food Junction for S$80 million
BreadTalk said Monday it entered a deal to acquire food court operator Food Junction Management (FJM) from Food Junction Holdings for S$80 million.
Sushi restaurateur Sakae posts fiscal year net loss on impairment charges on Cocosa Export
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 boosts investment in Emerald Brewery Myanmar
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.
UPDATE: Singapore stocks to watch Wednesday: Oxley, Tiong Seng, Yanlord, China Everbright, Parkson Retail
Singapore companies which may be in focus on Wednesday, 28 August 2019: Oxley, Tiong Seng, Yanlord, FLT, China Everbright Water and Parkson Retail Asia.
UPDATE: Singapore stocks to watch Monday: Yangzijiang, SPH REIT, Silverlake, UOL, Far East Orchard
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 warns of fiscal year loss
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.
UPDATE: Singapore stocks to watch Thursday: Keppel, Soilbuild REIT, Creative Tech, OCBC, Singtel
These are Singapore companies which may be in focus on Thursday, 22 August 2019: Keppel, Soilbuild REIT, OCBC, Singtel, Yangzijiang and Creative Technology.
UPDATE: Singapore stocks to watch Wednesday: Singtel, Frasers Logistics, Venture, Eagle Hospitality
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 to shutter, divest some US facilities in restructuring
Del Monte Pacific said Tuesday it plans to shutter and divest some production facilities of its U.S. subsidiary, Del Monte Foods.
UPDATE: Analyst Briefings: Thai Beverage fiscal 3Q earnings
Thai Beverage reported its fiscal third quarter net profit climbed 26 percent on-year. These are analysts’ calls on the results.
Thai Beverage downgraded by RHB despite fiscal 3Q results beating forecasts
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 incorporates two subsidiaries in Hong Kong
Thai Beverage said Friday its subsidiary International Beverage Holdings incorporated two subsidiaries in Hong Kong: Chang HK and International Breweries.
Old Chang Kee fiscal 1Q profit after tax drops 53 percent
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.
UPDATE: Thai Beverage reports fiscal 3Q net profit climbed 26 percent
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: Turning cautious on new brands after shuttering Hawker QSR
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 announces resignation of CEO Chu
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 enters joint venture to launch Konjiki Hototogisu brand in Hong Kong
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 to end Hawker QSR restaurant operations
No Signboard Holdings said Thursday it would cease the operations of its Hawker QSR restaurants due to continuing losses.
UPDATE: Singapore stocks to watch Thursday: Singtel, CityDev, F&N, Halcyon Agri, Koufu, Noble
These are Singapore companies which may be in focus on Thursday, 8 August 2019: Fraser and Neave, Halcyon Agri, Koufu, Kimly and Noble.
Kimly post fiscal 3Q net profit fell 6 percent on higher expenses
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 reports fiscal 3Q net profit increased 9 percent on soft drink boost
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 posts 2Q19 net profit climbed 16 percent after Marina Bay Sands food court reopening
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.
