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DBS upgrades Koufu to 'buy' on expected rise in food court footfall

DBS analysts raise target price to 75 Singapore cents from 68 cents; CGS-CIBM sets target price of 86 cents

Published Mon, Jun 15, 2020 · 09:50 PM

Singapore

DBS Group Research, in a note on Monday, upgraded its rating on Koufu Group to "buy" from "hold" and raised its target price to 75 Singapore cents from 68 cents amid expectations of higher footfall at its food courts, as dining in becomes permitted once more during the upcoming phase two easing of Singapore's "circuit breaker".

Koufu shares closed at S$0.68 on Monday, up by 2.5 Singapore cents or 3.82 per cent.

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