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Joelton Supreme	23-May-2020 14:48        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Koufu delays opening of new outlets and integrated facility till Q3 amid Covid-19 FRI, MAY 22, 2020 - 7:45 PM KOUFU on Friday said the opening of two food courts and two R& B bubble tea kiosks have been " tentatively moved" to the third quarter of this year, from the second quarter.  Koufu' s  integrated facility is also now expected to be completed in Q3 at the earliest, due to the movement restrictions imposed in Singapore and Malaysia, from where some construction materials are sourced.  Construction of the integrated facility, to comprise a larger central kitchen and corporate headquarters, began in Q4 2018 and was supposed to have been done by the first half of 2020.  These delays compound Koufu' s troubles of lower revenue amid Singapore' s circuit-breaker period. Despite being able to continue operating under the ambit of being an essential service, some of its food courts have nonetheless been impacted by " significantly lower" footfall, said Koufu.  " The group&rsquo s revenue in Q2 was  impacted more than in Q1 since the circuit-breaker measures were implemented in full from April," Koufu added.  The group has temporarily suspended the operations of 10 food courts, three quick-service restaurants and two full-service restaurants, where there is low footfall, to reduce operating costs.  Koufu&rsquo s total revenue (excluding that from new outlets) recorded from January to April fell 15 per cent year on year.  Its operating profit for the first half of 2020 is expected to be " significantly lower" year on year as well,  due to the impact of the virus outbreak. New outlets opened in FY2019 are still in their " stabilisation phases" and have yet to contribute positively.  Koufu also operates in Macau, which has  slowly opened up its borders. The group said business operations there remain at a " reduced level" . Business there is expected to improve only when Macau opens its borders to visitors from Greater China, on which Macau is dependent.  Shares of Koufu, trading cum-dividend, closed down 1.56 per cent at S$0.63 on Friday before the announcement.  https://www.businesstimes.com.sg/companies-markets/koufu-delays-opening-of-new-outlets-and-integrated-facility-till-q3-amid-covid-19
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NL0261 Senior	23-Apr-2020 10:15        NL0261 About Contact  Quote this Post!
x 0   x 0  Alert Admin	jus turn the foodcourts into some kind of medical facility will boom
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Joelton Supreme	23-Apr-2020 10:11        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Broker' s take: DBS downgrades Koufu to ' hold' , sees reduced footfall hurting earnings WED, APR 22, 2020 - 4:33 PM DBS Group Research has downgraded Koufu to " hold" as it expects  earnings to take a hit from reduced footfall at Koufu' s foodcourts due to the extension of the circuit-breaker period. It cut its 12-month target price for the  food and beverage (F& B) operator to S$0.68 from S$0.84.... https://www.businesstimes.com.sg/companies-markets/brokers-take-dbs-downgrades-koufu-to-hold-sees-reduced-footfall-hurting-earnings
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oreocookie Senior	17-Apr-2020 00:38        oreocookie About Contact  Quote this Post!
x 0   x 0  Alert Admin	this stock moving up slowly.
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oreocookie Senior	13-Apr-2020 16:50        oreocookie About Contact  Quote this Post!
x 0   x 0  Alert Admin	yah... mass market F& B sector will be first to recover.
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albeniz Veteran	13-Apr-2020 11:31        albeniz About Contact  Quote this Post!
x 0   x 0  Alert Admin	After this pandemic is over, life resumes and everyone needs to go back to work.  Tummy needs to be filled every3-4 hours and most Singaporeans prefer to eat out for conveneince. The share price should resume, if one is patient enough.
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oreocookie Senior	13-Apr-2020 10:23        oreocookie About Contact  Quote this Post!
x 0   x 0  Alert Admin	agree.... but I think their large network of koufu outlets should provide some decent cushion. Not to mention they have a huge cash hoard...
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n3wbie Elite	12-Apr-2020 14:00        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Probably biggest concern is the closure of MBS cos Rasapura Masters is a huge contributor in terms of top and bottomline to the Group ysh2006      ( Date: 19-Feb-2020 11:04) Posted: But if you go Toa Payoh will be difference ,many people eating! n3wbie      ( Date: 18-Feb-2020 21:43) Posted: recently visited the koufu at anchorpoint, very poorly managed. almost 30% of the stalls were empty and wasn' t too crowded even during dinner time
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oreocookie Senior	11-Apr-2020 15:15        oreocookie About Contact  Quote this Post!
x 0   x 0  Alert Admin	bought some last week. hope it goes up.
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ysh2006 Supreme	19-Feb-2020 11:04        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	But if you go Toa Payoh will be difference ,many people eating! n3wbie      ( Date: 18-Feb-2020 21:43) Posted: recently visited the koufu at anchorpoint, very poorly managed. almost 30% of the stalls were empty and wasn' t too crowded even during dinner times Sgvale      ( Date: 18-Feb-2020 16:12) Posted: Still many diners at Koufu
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Sgvale Supreme	19-Feb-2020 10:21        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Beneficiary from Government budget yet its businesses observed still as per normal in brisk.
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n3wbie Elite	18-Feb-2020 21:43        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	recently visited the koufu at anchorpoint, very poorly managed. almost 30% of the stalls were empty and wasn' t too crowded even during dinner times Sgvale      ( Date: 18-Feb-2020 16:12) Posted: Still many diners at Koufu
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lovetoshare Elite	18-Feb-2020 17:56        lovetoshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	koufu got chance to go up
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Sgvale Supreme	18-Feb-2020 16:56        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	0.785-0.79 next
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Sgvale Supreme	18-Feb-2020 16:12        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still many diners at Koufu
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bishan22 Supreme	23-Jan-2020 15:32        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Selling junk food... hmmhmm      ( Date: 23-Jan-2020 15:21) Posted: Hope to see it chiong soon...
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hmmhmm Elite	23-Jan-2020 15:21        hmmhmm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope to see it chiong soon...
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uiop1223 Supreme	21-Nov-2019 14:21        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Kuofu is backed by govt right? It will have all the strategic locations...
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Sgvale Supreme	21-Nov-2019 13:25        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buy on dip
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easywin Supreme	19-Nov-2019 15:52        easywin About Contact  Quote this Post!
x 0   x 0  Alert Admin	But not necessarily go to Koufu to eat. Sgvale      ( Date: 19-Nov-2019 15:47) Posted: Good time, Bad time. Trade war or not. All still must eat.
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