food and beverage (F&B)

SINGAPORE (Feb 28): ABR Holdings reported 4Q17 earnings double to $2.5 million from $1.3 million a year ago on higher revenue.

SINGAPORE (Feb 28): Cocoa ingredients producer JB Foods announced earnings of US$6.5 million ($8.6 million) for 4Q17, representing a fivefold increase from its earnings of US$1.1 million a year ago on margin improvements. 

SINGAPORE (Feb 23): Yeo Hiap Seng saw its earnings fall 25.6% to $7.7 million in 4Q17 from $10.3 million in 4Q16 on lower revenue.

SINGAPORE (Feb 20): Maybank is maintaining its “buy” call on Jumbo with an unchanged price target of 70 cents even after the group’s 1Q18 earnings came in below expectations at only 12% of the research house’s FY18E forecasts and at 13% of consens

SINGAPORE (Feb 15): Phillip Capital is maintaining its “buy” call on Old Chang Kee with a following the group’s release of its 9M18 results, which came in at 78% of the research house’s full year expectations.

SINGAPORE (Feb 15): Sakae Holdings concluded FY17 with $1.1 million in earnings, reversing from its losses of $12.6 million in FY16 on reduced expenses.

SINGAPORE (Feb 14): No Signboard has announced $1.4 million in earnings for the 1Q ended Dec 2017, up 56.1% from its earnings of $0.9 million posted in 1Q17 on higher other income. 

SINGAPORE (Feb 14): Old Chang Kee announced earnings of $1.2 million for 3Q18, down 9.3% from $1.4 million a year ago in 3Q17 on higher expenses related to increased raw material costs.

SINGAPORE (Jan 18): Katrina Group, the F&B group specialising in multi-cuisine concepts and restaurant operations, has opened its So Pho restaurant in Shanghai, China, under its joint venture (JV) company named So Pho International with Big Benefit Group.

SINGAPORE (Jan 4): Maybank Kim Eng is maintaining its “buy” call on Jumbo Group with a target price of 70 cents, implying 26 times FY18 earnings, which is on par with its regional peers.