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04-07-2012, 10:18 PM
(This post was last modified: 04-07-2012, 10:22 PM by ValueBeliever.)
Took a long comparison of Old Chang Kee, Select Group vs Neo.
All the CEO rise thru hard work. But incredibly, its Mr Neo that won by a wide margin. The growth is great and bottomline has been consistently higher than the other two.
It is that drive to succeed and no turning back that probably drive Mr Neo from a young age. Mind you at 40+ he's got a long way to go!!
It just that I dont fancy japanese food too much. Guess they have been growing so many of these TO-GO Umishusi must be doing well? They are solidly in the catering and probably driving it much better than Select.
In my HDB estate, sushi shop TO-Go is also popping up! Not sure how good are they. Can anyone comment on Umishusi?
1 thing 4sure, the Catering business margin is the highest and probably with all the small rental shop, the rent portion is much smaller than operating restaurant. That is probably the secret of Neo! See he wants IPO to buy into the consolidation of central kitchen?
I may be wrong but sounds like Neo is indeed much better than any of our listed food business so far? However, IPO of food Co. generally do not go far, after a couple of weeks they all fall below IPO price - I may be wrong?
All the CEO rise thru hard work. But incredibly, its Mr Neo that won by a wide margin. The growth is great and bottomline has been consistently higher than the other two.
It is that drive to succeed and no turning back that probably drive Mr Neo from a young age. Mind you at 40+ he's got a long way to go!!
It just that I dont fancy japanese food too much. Guess they have been growing so many of these TO-GO Umishusi must be doing well? They are solidly in the catering and probably driving it much better than Select.
In my HDB estate, sushi shop TO-Go is also popping up! Not sure how good are they. Can anyone comment on Umishusi?
1 thing 4sure, the Catering business margin is the highest and probably with all the small rental shop, the rent portion is much smaller than operating restaurant. That is probably the secret of Neo! See he wants IPO to buy into the consolidation of central kitchen?
I may be wrong but sounds like Neo is indeed much better than any of our listed food business so far? However, IPO of food Co. generally do not go far, after a couple of weeks they all fall below IPO price - I may be wrong?