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Koufu Group
Results
Koufu reports 12.3% growth in 1Q earnings to $7 mil on higher revenue
SINGAPORE (May 6): Food court operator Koufu Group has announced 12.3% higher 1Q19 earnings of $7 million from $6.2 million a year ago, due to higher contributions from across its business segments.
May 06, 2019
Broker's Calls
Koufu to benefit from MBS expansion, new outlet opening a possibility: UOB
SINGAPORE (April 9): UOB Kay Hian is maintaining its “buy” call on Koufu Group with an unchanged target price of 95 cents while highlighting Koufu as a potential beneficiary from the upcoming expansion of Marina Bay Sands (MBS), where the group operat
April 09, 2019
Broker's Calls
This F&B empire is a steal at current valuations, says UOB Kay Hian
SINGAPORE (Mar 8): UOB Kay Hian is initiating coverage on Koufu Group at “buy” with a target price of 95 cents, which implies a 41.8% upside to its last close of 67 cents.
March 08, 2019
Results
Koufu reports 3.7% rise in 4Q18 earnings to $7.5 mil; FY18 revenue hits record
SINGAPORE (Feb 26): Koufu Group, the operator and manager of food courts and coffeeshops, reported a 3.7% rise in 4Q18 earnings to $7.5 million from a year ago.
February 26, 2019
M&A
Albizia Capital makes $12.6 mil investment in Koufu Group
SINGAPORE (Jan 22): Koufu Group, the operator of food courts and coffeeshops in Singapore, has won over a strategic investor with strong track record in the consumer sector.
January 22, 2019
DBS 2019 stock market outlook
3 defensive consumer stocks to ride out near-term headwinds
SINGAPORE (Dec 17): DBS Vickers Securities is “overweight” on the consumer goods sector, on the belief that F&B and retail services in Singapore are likely to outperform other cyclical industries amid trade-war related uncertainties in 2019.
December 17, 2018
Buybacks
Koufu owners buy back shares after price fall on tray-return debacle
SINGAPORE (Oct 17): Koufu Group’s controlling shareholder, Jun Yuan Holdings, has commenced buying back shares of the group following recent controversy over the practices of social enterprise subsidiary, Hawker Management.
October 17, 2018
IPO
Koufu says public offering 17 times subscribed
SINGAPORE (July 17): Koufu Group, one of the largest operators of food courts and coffee shops in Singapore, says the public offering was about 17 times subscribed.
July 17, 2018
IPO
Koufu launches IPO at 63 cents per share to raise $74 mil
SINGAPORE (July 11): F&B operator Koufu Group has launched its initial public offering (IPO) at 63 cents a share to raise gross proceeds of $74.3 million with its proposed listing on the Mainboard of the Singapore Exchange (SGX).
July 12, 2018