Food & Beverage News
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FOOD & BEVERAGE |
23 May 13
25 reads
He will represent Mr Goi Seng Hui.
The Board of JB Foods announced the appointment of Loo Wen Lieh as alternate director to Goi Seng Hui. Read ››
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FOOD & BEVERAGE |
22 May 13
125 reads
Special dividends will keep on coming.
According to Maybank Kim Eng, it believes SATS is gearing up for higher dividend distributions to shareholders after it expressed a goal to optimize its capital structure. Read ››
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FOOD & BEVERAGE |
22 May 13
23 reads
He cited his health condition as reason for his resignation. Read ››
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FOOD & BEVERAGE |
22 May 13
33 reads
He was in charge of daily activities of the group's restaurants and management of its business development. Read ››
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FOOD & BEVERAGE, RETAIL |
20 May 13
157 reads
Here's the most in demand appliance.
According to GfK, the market worth of Food Preparation segment in Singapore totaled nearly USD12.5 million from April 2012 to March 2013, expanding by 8 percent in value against the previous year. Read ››
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FOOD & BEVERAGE |
20 May 13
BY SETH LUI
120 reads
Bubble tea was so last year (as well as the last decade). Read ››
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FOOD & BEVERAGE |
17 May 13
56 reads
The Board believes the Company will benefit from Zhao Zhongqi and Wang Xin's experience in corporate fund-raising and capital operations. Read ››
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FOOD & BEVERAGE |
17 May 13
133 reads
Its canned fruit business to boost growth.
According to Maybank Kim Eng, SGX might take into account the asset quality of the remaining business after the potential Garden Fresh spinoff. Read ››
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FOOD & BEVERAGE |
17 May 13
57 reads
According to a release, Salt Grill & Sky Bar will serve an exceptional one-night-only dinner featuring rare Australian black truffles on Monday, 29th July. Read ››
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FOOD & BEVERAGE |
16 May 13
89 reads
But analysts are still disappointed.
According to OCBC, despite broad-based improvements in its core Branded Consumer business, Petra Foods’ 1Q13 results fell short of expectations as growth slowed relative to the previous quarters.
Revenue grew 7.7% YoY to US$127.4m while gross and operating profit increased by 14.6% YoY and 23.1% YoY to US$41.4m and US$19.5m respectively.
Here's more from OCBC:
Read ››
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FOOD & BEVERAGE |
16 May 13
62 reads
All four sub-sectors posted growth.
Compared to March 2012, turnover of restaurants, food caterers, fast food outlets and other eating places grew by between 2.1% and 4.8% in March 2013, according to the latest F&B services index from Statistics Singapore. Read ››
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FOOD & BEVERAGE |
15 May 13
200 reads
Profit was dragged by F&N investment.
According to DBS, whilst ThaiBev's 1Q net profit registered a 20.3% drop in net profit to THB3.45bn, it was largely within expectations. Read ››
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FOOD & BEVERAGE |
14 May 13
70 reads
He will be responsible for communication of financial performance and forecast of the Group’s performance to the Board of Directors and SGX. Read ››
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FOOD & BEVERAGE |
14 May 13
126 reads
Earnings jumped by 25%.
According to CIMB, 1Q’s 25% earnings increase yoy was driven by: 1) rising gross margins and 2) forex gains from appreciating US$. Read ››
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FOOD & BEVERAGE |
14 May 13
70 reads
Blame it on competitive pressures in Myanmar.
According to OCBC Investment Research, as expected, Viz Branz reported a 0.6% YoY decline in 3Q13 revenue to S$42.8m due to sustained competitive pressures in its Indochina market, particularly Myanmar. Read ››
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FOOD & BEVERAGE |
13 May 13
196 reads
Check out what boosted this growth.
In a release, Super Group Ltd today announced a 24% increase in net profit to S$22.9m for the first three months ended 31 March 2013 (“1Q13”). Read ››
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FOOD & BEVERAGE |
13 May 13
350 reads
Distributing gains from the APB sale.
According to CIMB, 2H13 core earnings formed 39% of their and consensus’s full-year estimate. Read ››
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FOOD & BEVERAGE |
11 May 13
1886 reads
Hit by one-time $72m cash offers charge.
Without the strong downward pull from this one-time charge, Fraser & Neave profit before interest and tax increased twofold as a result of improved consumer demand, strong trade and market execution and lower input costs, the company said in a release of its latest quarterly results. Read ››
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FOOD & BEVERAGE |
11 May 13
116 reads
5% revenue decline also dealt damage.
Etika International Holdings Limited (Etika), one of the world’s largest manufacturers and distributors of sweetened condensed milk and a leading regional Food and Beverage (F&B) Group, announced that for the three months ended March 31, 2013 (Q2FY2013), Group revenue decreased 5.0% from RM246.8 million in Q2FY2012 to RM234.4 million in Q2FY2013 mainly on lower export sales in the Dairies Division. Read ››
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FOOD & BEVERAGE |
10 May 13
447 reads
Eat no-cook items in a fast-food fashion.
Located at the Star Vista Shopping Mall, Frunatic is a fast-food style restaurant that serves fresh raw fruits in different styles and sizes. Read ››
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FOOD & BEVERAGE |
10 May 13
280 reads
ThaiBev, TCC own 90.3% of F&N.
According to CIMB, in Apr 2013, TCC and Thai Bev indicated to SGX that they intend to keep F&N listed. Read ››
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FOOD & BEVERAGE |
09 May 13
99 reads
In a release, Café Mosaic unveils its semi-buffet lunch which will be available from today until June 30, 2013. Read ››
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FOOD & BEVERAGE |
09 May 13
228 reads
Check out what boosted this growth.
According to OCBC Investment Research, BreadTalk’s 1Q results came in within expectations with revenue growing 13.4% YoY to S$120.3m on the back of broad segment increases while operating and PATMI increased by 45.6% and 46.0% to S$3.5m and S$2.1m respectively. Read ››
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FOOD & BEVERAGE |
08 May 13
152 reads
His replacement will be announced in due time.
The Board of Auric Pacific Group announced the resignation of Timothy Chan Chee Mun as chief executive officer of Delifrance Asia. Read ››
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FOOD & BEVERAGE |
08 May 13
247 reads
They splurge US$262 monthly on meals.
According to MasterCard's latest survey on Consumer Purchasing Priorities – Dining, in terms of spending, Singaporeans take the lead as the region’s top spenders on dining, with an average monthly dining spend of USD262. Read ››
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FOOD & BEVERAGE |
07 May 13
154 reads
And invests in US$20m plant.
According to DBS, Super announced that it is disposing its entire 35.3% stake in non-core associate, Sun Resources, for S$26m. Read ››
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FOOD & BEVERAGE |
02 May 13
134 reads
In a release, Buona Terra presents its Spring Menu which features an array of dishes, specially put together by Chef Denis for this season only. Read ››
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FOOD & BEVERAGE, HEALTHCARE |
29 Apr 13
146 reads
And see this restaurant full of antiques.
Read ››
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FOOD & BEVERAGE |
26 Apr 13
273 reads
Its cost management initiatives to continue in 2013.
According to OCBC Investment Research, Sheng Siong Group’s (SSG) 1Q13 results came in within expectations. Read ››
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FOOD & BEVERAGE |
25 Apr 13
202 reads
To make way for renovations.
In a release, the Singapore Tourism Board (STB) has announced that the Chinatown Food Street (CFS), located on Smith Street, will be closed from 1 May 2013 to make way for renovations.
As a result of this closure, shophouse units 9 – 29 and 37 – 41 will be affected. Read ››
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FOOD & BEVERAGE |
24 Apr 13
130 reads
As a solicitor, his areas of practice include corporate and securities laws, capital markets, M&A, corporate restructuring, joint ventures, corporate and commercial contracts, among others. Read ››
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FOOD & BEVERAGE |
24 Apr 13
268 reads
Margin pressure still persists.
According to Phillip Securities, Golden Agri has great plans to grow its downstream business via the recent high profile hires of seniors from Cargill and Louis Dreyfus, to tap on their valuable network and expertise.
Read ››
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FOOD & BEVERAGE |
23 Apr 13
101 reads
He opted to retire at the Annual General Meeting held on 23 April. Read ››
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FOOD & BEVERAGE |
23 Apr 13
84 reads
After suffering from minor earthquake damages.
Synear Food Holdings Limited refers to reports on the earthquake that hit southwestern Sichuan Province on Saturday, 20 April 2013. Read ››
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FOOD & BEVERAGE, LEISURE & ENTERTAINMENT |
22 Apr 13
811 reads
Fordham & Grand is open from 6pm to 3am daily.
Reminiscent of the 1920's speakeasy bars, Fordham & Grand is a 45-seater bistro and bar that targets Singapore's mid-tier market. Read ››
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FOOD & BEVERAGE |
22 Apr 13
381 reads
Charoen has 3 months to restore public float.
According to CIMB, last Thursday, TCC Assets and Thai Beverage jointly announced that they intend to keep F&N listed. Read ››
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FOOD & BEVERAGE, LEISURE & ENTERTAINMENT |
19 Apr 13
655 reads
It's a 21-year contract ending in 2034.
Lim Wee Hann, Terence Quek and Khoi Nguyen acted for Singapore Food Industries Pte Ltd (a subsidiary of SATS Ltd) and Delaware North Companies Pty Ltd (Australian arm of the Delaware North Companies group), which set up a joint venture company to enter into a 21-year contract with Singapore Sports Hub to operate premium restaurants, F&B outlets and a central kitchen at the upcoming integrated multi-purpose stadium and aquatic arena at Kallang. Read ››
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FOOD & BEVERAGE |
17 Apr 13
276 reads
The Board values his extensive experience in the areas of accounting, finance, treasury, investor relations, risk management and M&A. Read ››
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FOOD & BEVERAGE |
17 Apr 13
519 reads
For a limited time only, enjoy 1-for-1 Dinner Buffet at Café Mosaic as it presents a resplendent array of International delicacies. Read ››
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FOOD & BEVERAGE |
17 Apr 13
BY ERIC ROMERO
796 reads
How hawkers in Singapore treat their customers will make one either come back or forget them. Read ››
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