ABR Holdings Limited
(2017-08-29) close: S$ 0.710
Mean Target price: No research houses covering ABR. No consensus estimates is available.
1. Sector: Food and Beverage
2. Core business structure: Swensen’s operations
3. Segments that generates the highest revenue: Revenue from external customers
4. Countries that the business operates: Singapore, Malaysia, Asia
5. Challenges: Amid economic ambiguity, people are choosing to eat simply rather than at high class restaurants. This affects Swensen’s revenues
6. Strengths: While the Malaysian Ringgit has depreciated relative to the Singapore Dollar, their Malaysia outlets nonetheless managed to turn in higher revenue and efficiency. Tip Top Curry Puffs has also expanded its business with more stores, leading to higher revenue over 2015.
7. Significant events: Renovations of ABR’s properties saw reduced profits amidst greater revenue. Also, the first Hello Kitty café was opened in Singapore at Changi Airport in May 2016.
8. TABLE:9. Alp Conclusion:
While ABR Holdings Limited has seen better days in 2012, it nonetheless remains a decent company. It had turned in a stunning performance in 2012 with regards to their EPS of 38.56 cents and ROE of 84%. We see how ABR’s revenue has been climbing since then coupled with constant profits, but this is somewhat muffled by puzzlingly declining EPS and ROE (This despite having doubled its debt-to-equity ratio from 0.1% to 0.2% from 2014 to 2016). Overall though, ABR is a relatively decent company as reflected by its continually positive operating cash flow and profits.
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