RHB Research is positive on Berjaya Food
Kuala Lumpur, 17 March 2018, RHB Research is positive on food and beverages chain operator, Berjaya Food Bhd, on the back of sustainable growth driven by Starbucks through expansion of outlets and better consumer sentiment moving forward. The research house also said it expected Kenny Rogers Roasters Malaysia (KRRM) to return to the black in…
Uber sells SEA operations to Grab
27 March 2018, FOR almost two years, Riel Mayol, 47, has been driving for Uber. When it was suspended by the Land Transportation Franchising and Regulatory Board last year, he applied for a franchise with Grab. Now that he drives for both, he can’t help but notice the difference. “Riders on Uber seem more professional,”…
Berjaya Food 9M core earnings below forecast
Kuala Lumpur, 16 March 2018, Berjaya Food (BFood) core net earnings for the nine month ended Jan 31, 2018 (9MFY18) of RM15.7mil came in below CIMB Equities Research and the market’s expectations, making up 61% of both the full-year forecasts. It said on Friday BFood group also declared a third interim dividend per share (DPS)…
Funmaii convenience stores go cashless
19 March 2018, Convenience stores just got a little more convenient, with local grocery franchise Funmaii launching cashless self-checkout stores. Its founder Datuk Brian Wee said the Funmaii brand intended to build a fuss-free and secure cashless ecosystem that fit the increasingly hectic lifestyle of modern consumers. “As urbanisation continues to complement the development of…
Chatime Malaysia gets Jakim’s halal cert
21 March 2018, Chatime Malaysia Sdn Bhd, the Malaysian master franchisor of Chatime — a Taiwan-based global franchise teahouse chain — has received its halal certification from the Department of Islamic Development Malaysia (Jakim). Group MD Aliza Ali said the halal certification would enhance consumer con dence and enable the company to expand its operations globally,…