Company Overview and News

WCT 'reduce', Berjaya Food 'hold', Johore Tin 'neutral', power sector 'positive'

WCT announced that it has been awarded a RM1.77bil contract to build nine blocks of office towers, and three blocks of serviced apartments along with podium block at the Pavilion Damansara Heights project.
5347 TNABY 9679 5196 TNABF 7167

Berjaya Food upgraded to buy at Maybank; price target RM1.70

2018-09-19 theedgemarkets - 1
KUALA LUMPUR (Sept 19): Maybank Kim Eng analyst Kevin Wong upgraded the recommendation on Berjaya Food Bhd to buy from hold.

CIMB Research lowers target price for Berjaya Food to RM1.44

2018-09-19 theedgemarkets
KUALA LUMPUR (Sept 19): CIMB IB Research has maintained its “Hold” rating on Berjaya Food Bhd (BFood)at RM1.39 with a lower target price of RM1.44 (from RM1.74) and said BFood’s 1QFY19 core net profit of RM6.2 million was below house and market consensus expectations, mainly due to lower-than-expected KRR earnings.

KLCI seen rising on bargain hunting in line with global rally

2018-09-18 theedgemarkets
KUALA LUMPUR (Sept 19): The FBM KLCI is expected to trade range bound today and rise higher on some bargain hunting activities in line with the overnight gains at most global markets.
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FGV, MSM, Ideal Jacobs, BFood, Vizione, WCT, Damansara Realty, YFG, TM, Superlon, MMAG and PanPages

2018-09-18 theedgemarkets
KUALA LUMPUR: Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (Sept 19) may include the following: FGV Holdings Bhd, MSM Malaysia Holdings Bhd, Ideal Jacobs (M) Corp Bhd, Berjaya Food Bhd, Vizione Holdings Bhd, WCT Bhd, Damansara Realty Bhd, YFG Bhd, Telekom Malaysia Bhd, Superlon Holdings Bhd, MMAG Holdings Bhd and PanPages Bhd.
4863 7235 9679 5196 MYTEF 5041 5202 0162 BSMAF 7099 1818 3484

Berjaya Food 1Q net profit up 17%, pays one sen dividend

2018-09-18 theedgemarkets
KUALA LUMPUR (Sept 18): Berjaya Food Bhd (BFood), which operates the Starbucks Coffee chain in Malaysia and Brunei, the Kenny Rogers Roasters (KRR) chain in Malaysia and Jollibean in Singapore, saw its net profit rise 16.9% to RM6.24 million in the first financial quarter ended July 31, 2018 (1QFY19) from RM5.34 million a year ago, on higher profit contributions from Starbucks operations in tandem with the higher revenue achieved.
5196 BSMAF 1818

Encouraging Starbucks growth prospects expected for Berjaya Food

2018-09-05 theedgemarkets
Berjaya Food Bhd (Sept 4, RM1.40) Maintain buy with a lower fair value (FV) of RM2.01: We maintain our “buy” call on Berjaya Food Bhd (BFood) with a lower FV of RM2.01 (from RM2.17) after trimming financial year 2019 (FY19) and FY20 earnings forecasts by 22% and 29%, respectively. We have factored in lower margin assumptions and higher gestation costs.

BFood to open at least 30 KRR outlets in India

2018-08-16 theedgemarkets
KUALA LUMPUR: Berjaya Food Bhd (BFood) is looking to strengthen its foothold in India with the opening of at least 30 Kenny Rogers Roasters (KRR) restaurants and 75 Jollibean kiosks via a partnership with an Indian firm.

Berjaya Food signs MoU to further strengthen position in India

2018-08-15 malaymail
KUALA LUMPUR, Aug 15 — Berjaya Food (BFood) Bhd will further cement its presence in the Indian market with the opening of 30 Kenny Rogers Roasters (KRR) restaurants and 75 Jollibean kiosks through its development agent, World Iconic Brand (WIB) Hospitality Pvt Ltd India.

BFood to expand Kenny Rogers Roasters' presence in India

2018-08-15 theedgemarkets
KUALA LUMPUR (Aug 15): Berjaya Food Bhd (BFood) will be opening at least 30 more Kenny Rogers Roasters (KRR) outlets and 75 Jollibean kiosks in India, via a partnership with World Iconic Brands (WIB) Hospitality Private Ltd inked today.

Local equity market looks positive over next 12 months, says AmInvestment Research

2018-07-04 theedgemarkets
KUALA LUMPUR (July 4): The outlook for the local equity market looks positive for the next twelve to eighteen months, backed by steady economic growth, according to AmInvestment Bank Research.
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T7 Global: We have not got any job from ECRL project

It also pointed out that Tan Sri Vincent Tan was a passive investor in the company and that his divestment would not have any impact on its current business
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Berjaya Food core franchise profit growth likely sustainale

2018-06-25 theedgemarkets
Berjaya Food Bhd (June 22, RM1.62) Maintain hold with a lower target price of RM1.74: Berjaya Food Bhd (BFood) reported a turnover of RM160 million, up 5.7% year-on-year (y-o-y), while core net profit surged 50% y-o-y to RM2.4 million for its fourth quarter of financial year 2018 (4QFY18). This brought its full-year FY18 core net profit to RM19.3 million — after stripping out one-off RM15.3 million loss from the disposal of Kenny Rogers Roasters (KRR) Indonesia — which disappointed both our and Bloomberg consensus expectations, at 93% and 87% of the respective forecasts.

Starbucks to sustain Berjaya Food earnings growth — CIMB

2018-06-22 theedgemarkets
KUALA LUMPUR (June 22): CIMB Research said today Berjaya Food Bhd's Starbucks operations in Malaysia will continue to sustain Berjaya Food's earnings growth on expectation of 25 to 30 Starbucks outlets to be opened per year.

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