Trading at an implied 9.2 times price-to-earnings (P/E) ratio, the report comes on the back of subsidiary Koufu Pte Ltd’s acquisition of Deli Asia, Delisnacks, Dough Culture and Dough Heritage from individuals Alex Ong, Irene Lee and Doreen Ong.
SINGAPORE (Jul 2): CGS-CIMB analysts are maintaining an “add” call on food court operator Koufu Group Ltd with an unchanged target price of $0.86, buoyed by news of its “attractive acquisition” of four F&B companies for $22.04 million on Wednesday.
“We think this is an attractive acquisition as it complements Koufu’s product offering and strengthens its supply chain,” noted analysts Ngoh Yi Sin and Caleb Pang in a Wednesday report.
