food and beverage (F&B)

SINGAPORE (May 28): Tung Lok Restaurants (2000) reported a loss of $1.4 million in FY18 compared to earnings of $0.42 million in FY17 due to a combination of higher expenses and lower other operating income.

SINGAPORE (May 23): RHB Research is maintaining its “neutral” call on BreadTalk with a target price of 93 cents after the group signed a joint venture (JV) agreement to bring new tea beverages as well as cafes to Singapore and Thailand.

SINGAPORE (May 14): Jumbo Group announced earnings of $4.3 million for the 2Q ended March, down by 23.9% from its 2Q17 earnings of $5.7 million due to higher expenses mainly incurred as part of the group’s ongoing expansion.

SINGAPORE (May 9): DBS Vickers Securities is maintaining its “buy” call on BreadTalk Group while lower its target price on the counter from $2.05 to $1.98 after factoring in higher interest costs from increased borrowings due to the group’s ongoing

SINGAPORE (May 8): Japanese restaurant operator RE&S Group saw its 3Q18 earnings halve to $0.9 million from $1.9 million a year ago on higher expenses and after taking into account one-off IPO expenses of $1.1 million.

SINGAPORE (May 2): Food and beverage (F&B) group Envictus International saw its losses for the 2Q ended March 2018 widen 39.6% to RM4.8 million ($1.6 million) from 2Q17 loss of RM3.4 million due to higher operating expenses.  

SINGAPORE (Apr 17): It has become increasingly expensive for companies to send their staff on business trips on Singapore, finds a recent survey conducted by research firm ECA International.

SINGAPORE (Mar 19): RHB advises investors to sell BreadTalk and take profit given its current share price is approaching the target of $2.

SINGAPORE (Mar 14): Biscuit manufacturer Khong Guan reported 1H18 earnings of $0.8 million for the half year ended Jan 2018, up eightfold from $95,000 a year ago on lower costs and other expenses.

SINGAPORE (Mar 8): Del Monte Pacific (DMPL) announced a 3Q18 loss of US$38.4 million ($50.5 million) due to one-off expenses, mainly due to a US$39.8 million write-off of deferred tax assets in the US, due to the change in US Federal income tax rate from