Brokers' take

Koufu Group > Buy (upgraded) DBS Equity Research, June 27 June 28 close: S$0.69 Target price: S$0.85

WE turn positive on Koufu Group, upgrading our recommendation and increasing our target price as we expect the group to post higher net earnings growth of 8.8 per cent in FY2019. Earnings growth will be driven by the turnaround of its foodcourt and kiosk businesses. We raise our estima…