DJ Koufu May Benefit From Singapore's Eased Travel Restrictions -- Market Talk
0704 GMT - Food-court operator Koufu Group could gain more customers at its outlets as Singapore gradually extends quarantine-free travel to attract more visitors to the city-state, Maybank KE says. Higher contributions from new stores and its snacks and dough business are likely to drive earnings moving forward. Koufu's greater economies of scale could also enhance its supply chain, operating efficiency and margins over the longer term, Maybank adds. The brokerage initiates coverage on Koufu with a buy rating and a S$0.78 target price. Shares are 0.8% lower at S$0.64. (justina.lee@wsj.com)
(END) Dow Jones Newswires
October 12, 2021 03:04 ET (07:04 GMT)
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