Koufu Group

Retail sales in Singapore saw an overall drop in 2019, but the F&B and online components of retail sales saw some growth.

SINGAPORE (Dec 18): Koufu Group announced that its subsidiary, Super Tea, has entered into a joint venture with PT Berkah Cipta Adirasa to develop, establish, manage and operate the Supertea and R&B Tea brans in Indonesia.

SINGAPORE (Nov 5): DBS Group Research is staying positive on Koufu Group, on the back of a flurry of new store openings which has driven earnings growth.

SINGAPORE (Sept 3): BreadTalk Group is licking its chops at the acquisition of Food Junction Management, which would make BreadTalk the third-largest foodcourt operator in Singapore behind NTUC Enterprise and Koufu.

SINGAPORE (Aug 20): Koufu Group is one of the few stocks bucking the lacklustre performance trend among F&B plays in the April to June quarter.

SINGAPORE (Aug 19): In this latest earnings season, most of the local F&B stocks suffered huge losses. While revenue for most have increased, operating costs rose by a bigger quantum, causing a drag in earnings.

SINGAPORE (Aug 7): Food court operator Koufu Group posted 2Q19 earnings of $7.2 million, up 16.2% from $6.2 million in the same quarter last year on the back of higher contributions across business segments.

SINGAPORE (July 4): Koufu Group, the operator of food courts, is expanding its Supertea and R&B Tea brands into Indonesia through a joint venture company and expects to open up to 30 outlets by the end of the year.

SINGAPORE (July 4): Koufu Group, the operator of 50 or so food courts and coffeeshops, was the most profitable listed F&B play in FY18 with net profit of $24.5 million.

SINGAPORE (May 9): Food court operator Koufu on Monday announced that its 1Q19 earnings have increased by 12.3% y-o-y to $7.0 million, on the back of a 4.9% y-o-y growth in revenue to $57.8 million.