If we go out in the evenings or on weekends, we will see most of the restaurants packed and some of the more popular ones even have long queues. A friend of mine invested in Soup Restaurant which gives its shareholders a card that gives a 15% discount off the total bill for dining at their outlets.
Personally, I like going to Soup Restaurant too. However, I think of it as more upmarket, similar to Lao Beijing. In a recession, their businesses could take a hit. In this respect, I find Old Chang Kee to be a more attractive proposition.
Old Chang Kee's food kiosks are ubiquitous and always seem to be doing good business. Well, at least for those I see. I doubt very much that, in a recession, we will see people cutting back on their favourite curry puffs, sotong sticks or yam cakes in a big way.
Old Chang Kee's shares are thinly ......