Shares & Derivatives
Old Chang Kee: Initiated a long position at 26c.
By A Singaporean Stockmarket Investor (ASSI)  •  October 18, 2011
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 ......
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By A Singaporean Stockmarket Investor (ASSI)
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