Japan Foods also has plans to capitalise on the economic revival and weak competition by looking to aggressively grow its number of outlets in the months to come.
RHB Group Research analyst Shekhar Jaiswal has kept his “buy” call on Japan Foods Holding with a target price of 55 cents, as Singapore is “fully open” and discretionary consumer spending is in a revival phase.
Thanks to that, the monthly revenue at Japan Foods’ restaurants have returned to pre-Covid-19 levels.
