Japan Foods Holding
Japan Foods Holding | BUY
Aug 16 close: 49.5 cents
Target price: 64 cents
Broker: KGI Securities, Aug 16
We expect an improvement in the next few quarters as the weakness in the first quarter of FY2019 was partly due to lower performance in June, which coincided with the Fifa World Cup 2018.
The upside from the Singapore operations is expected to be limited and we reiterate our view that growth will have to come from overseas expansion... We are optimistic on its entry into Indonesia but will not factor it into our forecasts until we obtain more clarity on the performance of its first restaurant in the country.
Japan Foods' business model remains resilient and adaptable even in the face of higher costs.
Educator Index
Archive
2019
February
2018
November
December
November
December
November
October
September
August
July
June
May
April
March
February
January