Image result for bali thai restaurantPhoto: SHOPSinSG

Bali Thai restaurants, as most of us may have noticed, are often crowded places during dining hours, especially on weekends. 

From its maiden restaurant in 1998, Katrina Group now operates nine Bali Thai restaurants in Singapore and two in Beijing.

alangoh katrina3.17Alan Goh, CEO and co-founder of Katrina Group, who started in F&B operating a nasi padang stall in Bishan.
Photo: Leong Chan Teik
Bali Thai is one of 9 proprietary brands that Katrina Group has created since its husband-wife founders had a modest start in the F&B business with just a nasi padang stall in Bishan.

There is Streats, with eight cafes in Singapore, and there's Vietnamese chain So Pho (7 cafes)

Other brands:Honguo (2 restaurants), Muchos (2 restaurants), Indobox (2 cafes), RENNthai (1 restaurant), Bayang (1 restaurant), and Hutong (1 restaurant).
Here are takeaways from Katrina's 2016 results briefing hosted by Mr Alan Goh, the CEO: 











Gross profit





Profit after tax attributable to equity owners






1. Net profit -- Looking at the table, one notices a break in the net profit trend of Katrina Group: In 2016, profit fell a sharp 44%.   

This is partly owing to IPO expenses incurred of $931,000 and about $929,000 extra in administration expenses as the company hired more headcount to cater to future business growth and increased directors' remuneration.

In addition, cost of sales went up because of higher depreciation and rental leases from four new outlets amounting to $200,000 and $1 million, respectively.

It didn't help that consumer traffic to Clarke Quay, where Katrina operates restaurants under several brands, fell because of construction work there for most of the year. But this is mostly completed now. 

Katrina  22.5 cents
52-week range 20.0-40.5 cents
Market cap S$52 million
PE (ttm) 20
Dividend yield 2.7%
Year-to-date return 0%
Source: Bloomberg

2. Halal certified -- Restaurants under four of Katrina's brands are halal certified which not only expands their wider consumer base but also enables them to venture overseas to countries such as Malaysia and Indonesia.

In Singapore, Katrina has plans to open at least another four outlets -- in Bedok Mall, Clementi Mall, VivoCity and Marina One -- bring the total number in Singapore to 37. 

Katrina is also looking actively for opportunities overseas.

For online orders

• So Pho

 Bali Thai


3. Online food delivery -- Last year, one by one, Katrina brands became available online through foodpanda, Deliveroo and uberEATS. For the year, Katrina chalked up $2.4 million through online sales.

The momentum picked up over time, with as much as $400,000 achieved in one particular month in the last quarter of 2016. At that rate, annual sales this year would reach $4.8 million. 

4. Dividend -- Katrina, which has no borrowings, has proposed a dividend of 0.61 cent a share, representing a 2.7% yield on a recent stock price of 22.5 cents.

Asked if this can be sustained, Mr Goh said he would like to pay a dividend annually while expanding the business. 

You may also be interested in:

You have no rights to post comments

Counter NameLastChange
AEM Holdings2.760-0.050
Avi-Tech Electronics0.265-
Best World1.8000.010
Broadway Ind0.086-0.001
China Sunsine0.390-
Delfi Limited1.0500.010
Food Empire1.4200.020
Fortress Minerals0.2700.020
Geo Energy Res0.390-0.005
GSS Energy0.027-0.002
Hong Leong Finance2.560-
Hongkong Land (USD)3.270-0.060
ISDN Holdings0.340-0.005
IX Biopharma0.041-0.005
Jiutian Chemical0.025-
KSH Holdings0.2500.005
Leader Env0.050-0.003
Medtecs Intl0.135-0.004
Nordic Group0.345-0.005
Oxley Holdings0.093-
REX International0.121-0.003
Sinostar PEC0.137-0.002
Southern Alliance Mining0.605-
Straco Corp.0.515-0.010
Sunpower Group0.215-
The Trendlines0.085-
Totm Technologies0.024-0.002
Uni-Asia Group0.840-0.010
Wilmar Intl3.390-0.020
Yangzijiang Shipbldg1.660-0.030

We have 1140 guests and no members online

rss_2 NextInsight - Latest News