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TSH Corporation Limited ( (SG:KUH) ) has issued an announcement.
TSH Corporation has entered China for the first time with two whisky and cocktail bars in Tianjin, structured as management service arrangements that avoid upfront capital expenditure and limit financial exposure to cost overruns and potential operating losses. Management is tracking revenue, sales mix and customer behaviour at the new outlets to refine product positioning and believes the move does not materially change the group’s overall risk profile.
The group’s operating cash flow improved to S$3.2 million in FY2025, borrowings are almost fully repaid and a final dividend of 0.5 cents per share has been proposed, though the board says a formal dividend policy will only come when scale, sales consistency and cash levels are more firmly established. Directors emphasised a flexible, case-by-case approach to capital deployment and payouts, while also addressing corporate governance concerns over the largest shareholder-director’s repeated AGM absences by stressing his active board involvement and a commitment to improve meeting attendance logistics.
More about TSH Corporation Limited
TSH Corporation Limited operates a whisky and cocktail-focused hospitality business, running bars and lounges in Singapore and, more recently, in China. The group targets premium spirits consumers and leverages management-service arrangements to expand into emerging markets while limiting capital outlay and financial risk.
Average Trading Volume: 5,807
Technical Sentiment Signal: Hold
Current Market Cap: S$5.99M
Learn more about KUH stock on TipRanks’ Stock Analysis page.