Home-grown furnishings company Koda Ltd is expanding and growing its original brand, Commune. We take a deeper look at the history and track record of the company in order to tease out an investment thesis.
January 14, 2020
Introduction
Koda Ltd (SGX: BJZ) was established in Singapore and founded in 1972. The group was founded by chairman Koh Teng Kwee and now has three generations of the Koh family working within the same business. Koda is a premier furniture company and is recognised as a leading original design manufacturer (ODM) in the world.
The group is known for its strength in design and caters to upscale customers worldwide with its aesthetically pleasing and functional furniture. The group also established its own brand, Commune, back in 2011 as an in-house brand focusing on retail products, and has a presence in Singapore, Malaysia, China and Vietnam.
As of 30 June 2019 (the fiscal year 2019), the group has a total of 67 Commune outlets...