Post Reply
21-40 of 128
RE& S Holdings earnings down 56% y-o-y to $2.4 mil on increased operating expenses
Japanese multi-brand food and beverage operator RE& S Holdings 1G1 - has reported earnings of $2.4 million for its 1HFY2024 ended Dec 31, 2023, 56% lower compared to the corresponding period last year.
Earnings per share correspondingly fell to 0.7 cents, compared to 1.6 cents in 1HFy2023
Revenue grew by 1.4% y-o-y for 1HFY2024 to $89.3 million from $88.0 million in 1HFY2023, primarily due to the increase in revenue contribution from quick-service restaurants (QSR), convenience and others.
Operating expenses saw a notable increase of 9.6% y-o-y, reaching $60.8 million in 1HFY2024. This increase was primarily driven by a 11.6% surge in employee benefit expenses, totaling $32.4 million in 1HFY2024, due to an improvement in the employee compensation package to ease recruitment and increased hiring of workers for new outlets.
Finance costs also increased by 17.1% y-o-y to $1.6 million for the period from an increase in new leases.
Other expenses increased by 18.1% y-o-y to $1.5 million in 1HFY2024, mainly due to an increase in professional fees incurred in opening new outlets, increase in plant and equipment written off due to the revamp of outlets, partially offset by an unrealised gain of financial assets held at fair value through profit or loss.
RE& S has declared an interim dividend of 0.6 cents per share.
CEO Fenton Foo says: &ldquo Inflationary pressures and higher interest rates have presented significant headwinds to the F& B industry. Coupled with the labour shortage issue, the business environment in the F& B sector remains challenging. However, our QSR outlets have demonstrated encouraging performance, with rising demand for QSR concepts evident in the market.&rdquo
&ldquo In light of this trend, we are committed to expanding our brand presence within the QSR segment by establishing more outlets such as Gokoku Bakery, Yakiniku-GO, Mister Donut and Kuriya Japanese Market as well as improving our full-service restaurants (FSR) at the same time. Moving forward, the group remains dedicated to strengthening our competitive edge and delivering enhanced value to our customers through innovative product offerings tailored to evolving consumer preferences,&rdquo he adds.
Hope so 
operation seems well thus far, I think minimum dividend will be similar as last year.
operation seems well thus far, I think minimum dividend will be similar as last year. cmengchan ( Date: 04-Feb-2024 10:00) Posted:
|
Wondering if there will be an increase in dividend. Based on observations, their outlets seemed to be operating well. Management also conscious of costs, their expansion of outlets not too fast to overload their capacity.
At least my vouchers and stamps still there
It' s an on-going exposure risk as companies are forced to digitized to stay connected to customers. Keeping updated on cyber security requires continued resources and investments. More criminals also moved online to keep up with changing times.
RE& S latest Singapore-listed company to be hit by spate of ransomware attacks
Japanese multi-brand food and beverage operator RE& S Holdings 1G1 -1.96% has become the latest Singapore-listed company to have fallen victim to a ransomware attack, with an unknown party gaining unauthorised accessed to its servers.
In an announcement on Jan 11, the company said it had initiated its data recovery processes after the attack impacted the data stored in its servers.
RE& S says it has activated its business continuity plan and that there has been no significant impact to its business operations arising from the incident thus far.
The company has reported the incident to the Personal Data Protection Commission, but notes that it has not observed any evidence on data exfiltration or the compromise of any personal sensitive information based on preliminary investigations with external experts.
RE& S says it takes information security seriously and will review the incident while continuing its efforts to fortify the company&rsquo s cybersecurity infrastructure.
The cybersecurity incident announced by RE& S is the third ransomware attack reported by a Singapore-listed company in less than two weeks.
On Jan 2, IPS Securex Holdings said it had encountered a ransomware incident and that its network had been made inaccessible. This was followed by an ES Group (Holdings) announcement on Jan 5 of a separate ransomware attack.
Further investigations into the attacks are ongoing
https://www.theedgesingapore.com/capital/brokers-calls/brokers-digest-hyphens-pharma-ifast-corporation-netlink-res-holdings-frencken
Suprised that it is highlighted that the counter is trading at an UNDEMANDING VALUATION while maintening a steady dividend
Suprised that it is highlighted that the counter is trading at an UNDEMANDING VALUATION while maintening a steady dividend
This counter volume is extremely low, might as well delist nevertheless, good dividend though 
nevertheless, good dividend though
Insider buying is a vote of confidence, or "Skin in the Game".
RE& S Holdings
On Aug 29 RE& S Holdings executive director and chief operating officer Lim Shyang Zheng acquired 166,000 shares at S$0.265 per share.
With a consideration of S$43,990, this increased his direct interest in the Catalist-listed company from 2.21 per cent to 2.26 per cent.
Lim oversees the group&rsquo s day-to-day business operations and organisational functions which include supply chain and retail operations.
He has been with RE& S Holdings since July 2010 undertaking various key positions in the group which include deputy director and chief supply chain officer. Prior to joining the group, Lim was with the Ministry of Manpower where he formulated and implemented manpower policies.
On Aug 23, RE& S Holdings reported that the group&rsquo s profit after tax decreased to S$7.6 million in FY23 (ended Jun 30), from S$9.5 million in FY22.
The group also announced that it opened its inaugural Mister Donut outlet at Bishan&rsquo s Junction 8 under a master franchise, making it the very first Mister Donut outlet to open in Singapore. The famous Japanese doughnut chain was very popular and the group swiftly launched another Mister Donut outlet at Velocity@Novena Square in July 2023.
Established in 1988, RE& S Holdings is a multi-concept owner and operator of food and beverage (F& B) outlets in Singapore and Malaysia that provides customers with authentic Japanese cuisine and dining experience.
RE& S was founded in 1988 by Osaka native Hiroshi Tatara, bringing a slice of Japanese lifestyle to Singapore with their Takahashi and Fiesta restaurants
https://www.smallcapasia.com/3-small-cap-stocks-dishing-out-dividends-in-the-past-3-years/
https://www.smallcapasia.com/3-small-cap-stocks-dishing-out-dividends-in-the-past-3-years/
I think the business is quite easy to understand. All local, so almost no exchange rate exposure. Fairly easy to get a feel of their performance by observing their outlets. As long as management is vigilant on their costs, then will expect to earn reasonable margins and profit.
I think $174m annual revenue just from Singapore market is pretty good. I also noticed frequent refreshing their brands and introducing new brands will make them a much more forward looking F& B operator.
However liquidity is low with market cap less than $100m. I think they are bigger but similar to Old Chang Kee but with much better dividend yield.
I think $174m annual revenue just from Singapore market is pretty good. I also noticed frequent refreshing their brands and introducing new brands will make them a much more forward looking F& B operator.
However liquidity is low with market cap less than $100m. I think they are bigger but similar to Old Chang Kee but with much better dividend yield.
Annual div more 6% yield. Chiong ah
RE& S posts 65.3% fall in H2 2023 net profit
RE& S opened Singapore&rsquo s first Mister Donut under a master franchise in 2023.
FOOD and beverage (F& B) owner and operator RE& S Holdings : 1G1 0% on Wednesday (Aug 23) posted a 65.3 per cent fall in net profit for its second half year ended Jun 30 to S$2.1 million, from S$6 million in the same period last year.
Revenue in H2 grew 2.9 per cent to S$86.1 million, from S$83.6 million last year. Earnings per share declined to S$0.006 in the period, from S$0.017 in H2 2022. The group declared a final dividend of S$0.009 per share for H2 2023, bringing the total distribution for the year to S$0.018 per share.
For the full year, net profit was down 19.1 per cent to S$7.6 million. Other operating income for FY2023 fell sharply to S$3.7 million, down 48.2 per cent from S$7.2 million a year ago. This was due to the absence of government and landlords&rsquo support in relation to Covid-19. Full-year revenue, meanwhile, gained 12.4 per cent to S$174.1 million from S$154.8 million.
&ldquo The F& B business landscape has been challenging, and is expected to remain tough due to escalating costs driven by inflationary pressure,&rdquo said Fenton Foo, RE& S&rsquo chief executive officer and executive director. He added that the company has also faced challenges from manpower shortages and difficulty in hiring workers.
In 2023, RE& S opened Singapore&rsquo s first Mister Donut under a master franchise, as well as more Gokoku and Yakiniku-Go outlets.
&ldquo The group will remain focused on growing our brand presence in the quick-service restaurants, convenience and others segment,&rdquo Foo said.
knowing the current economy situation, F& B for local context can give such amazing dividend (1.75c) is quite rare. Hopefully mister donut revenue can price in well the next report
RE& S Registers a Profit Before Tax of S$9.9 million for FY2023, declares 0.90 cent final dividend
Mainly due to drop in " Other Operating Income" which are the Covid support schemes.
Other operating income for FY2023 dropped by S$3.5 million to S$3.7 million in FY2023 primarily due to the absence of government and landlords&rsquo support in relation to COVID-19 pandemic in FY2022.
- Revenue increased by 12.4% to S$174.1 million largely due to the opening of new outlets
- Combining with the interim dividends of 0.90 cent per share, bringing the total dividend to 1.8 cents per share
- The Group will continue to grow its QSR segment
Mainly due to drop in " Other Operating Income" which are the Covid support schemes.
Other operating income for FY2023 dropped by S$3.5 million to S$3.7 million in FY2023 primarily due to the absence of government and landlords&rsquo support in relation to COVID-19 pandemic in FY2022.
I think likely the revenue and profit from Mister Donut will be reflected in the coming FY results
Expanding the Mister Donut franchise. 2nd outlet in Velocity.
https://cnalifestyle.channelnewsasia.com/dining/mister-donut-second-outlet-velocity-singapore-novena-square-362056
https://cnalifestyle.channelnewsasia.com/dining/mister-donut-second-outlet-velocity-singapore-novena-square-362056
Underrated F& B stock with 6% dividend! Huat ah!
Key Statistics
| EPS (SGD) a | 0.02670 | Trailing EPS (SGD) b | 0.03269 | NAV (SGD) c | 0.1194 |
|---|---|---|---|---|---|
| PE a | 9.738 | Trailing PE d | 7.952 | Price / NAV c | 2.1776 |
| Dividend Yield (%) e | 6.540 | Cash In Hand (SGD) f | 0.0696 | Issued & Paid-up Shares g | 353,909,000 |
| Piotroski F Score | 8 | Market Cap (M) | 92.016 | Free Float (%) | 7.2 |
| Return on Equity (ROE) (%) h | 27.393 | Revenue Growth (%) TTM i | 35.537 | ||
| Net Earnings Growth (%) j | 113.882 | Net Debt/Equity k | 0.892 | ||
| Under CPF Investment Scheme (CPFIS) | No | ||||
| Sector & Industry | Financial and Insurance Activities - Restaurants |
||||
Seems like there' s some accumulation today
cmengchan ( Date: 11-Feb-2023 07:08) Posted:
|