I walked past a zi char store a few days ago and noticed a couple of kids staring at the live crabs in a glass case. As they were making faces and trying to goad the crabs into giving them a reaction, it occurred to me that I could compare the shares of three different restaurants which are renowned for their crabs: JUMBO Group Limited (SGX: 42R), No Signboard Holdings (SGX: 1G6), and Tung Lok Restaurants 2000 Ltd (SGX: 540).
Business ModelBefore going into the financials, it would be good if we can have some understanding of these 3 restaurants business models.
1. Chilli Crab – JUMBO Group Limited (SGX: 42R)