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Renewed my interest as I found the fried chicken called 'Mom's touch' a good flavored piece of chicken. Was surprised it was a brand brought in by NSB.
Delving further into NSB segment analysis, only its "other restaurant business" is improving. This consist of a hotpot business and the fried chicken (mom's touch). I heard the lamb hotpot restaurant is doing quite well at Somerset too.
Overall the business is still dismal and the company is in dire needs of an equity raising soon. For me while some of its food taste nice, its definitely a no go for investing. In my view, the "other restaurant" segment will break even in a few years but the seafood and beer are going to be a drag eating into equity perpetually.
A zero value company at best
https://links.sgx.com/FileOpen/Interim-F...eID=678805
Delving further into NSB segment analysis, only its "other restaurant business" is improving. This consist of a hotpot business and the fried chicken (mom's touch). I heard the lamb hotpot restaurant is doing quite well at Somerset too.
Overall the business is still dismal and the company is in dire needs of an equity raising soon. For me while some of its food taste nice, its definitely a no go for investing. In my view, the "other restaurant" segment will break even in a few years but the seafood and beer are going to be a drag eating into equity perpetually.
A zero value company at best
https://links.sgx.com/FileOpen/Interim-F...eID=678805