No Signboard Holdings Ltd. (SG:9I7) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Bromat Holdings Ltd. has announced the closure of two significant food outlets, which contributed to over 65% of its revenue in a recent nine-month period, due to the end of lease terms. However, the closures are expected to positively affect the company’s net tangible assets and earnings per share as the outlets were loss-making. The company is also launching a new F&B concept, ‘Shang Society’, and is actively seeking new opportunities to grow its revenue streams.
For further insights into SG:9I7 stock, check out TipRanks’ Stock Analysis page.