Latest news with #OrientalKopi
Time Out
6 days ago
- Business
- Time Out
Oriental Kopi is opening a second outlet in Singapore at Nex this month
If you're not impressed by the long queues at the Oriental Kopi store in Bugis Junction, you can now try your luck at its new outlet, which is set to open in Nex on June 11. This will be Singapore's second Oriental Kopi after the brand debuted its first store in Bugis last November. The famed Malaysian kopitiam chain is known to command snaking lines, with many Singaporeans crossing the causeway to try its polo buns, Portuguese egg tarts, toasts, and coffee. With the new store, folks who stay in Serangoon and the heartlands need not make the trip down to Bugis anymore for a taste of the café's Nanyang cuisine. Prices at Nex should be similar, if not identical, to what's listed on the Bugis menu. The chain's signature Oriental kopi goes for $2 – and is a special blend of Arabica, Robusta, and Liberica. The polo buns, which come with butter and condensed milk, are $4.60 each at Bugis. And the egg tarts are $5.20 for two pieces and $15.60 for six. You can also expect the café to serve a range of breakfast toasts, including the traditional kaya butter toast ($2.60) and curry double lava egg toast ($4.60), among others. And if you've worked up an appetite, then Oriental Kopi's wallet-friendly Nanyang dishes – from nasi lemak ($9.50) to Penang char kway teow ($7.50) and prawn mee ($9.50) – should fill you up. Apart from food, Oriental Kopi is also known for its packet traditional pan mee, which comes with sachets of its signature sauce, anchovies, and fried onions, making for a quick and easy meal to whip up at home. Oriental Kopi's second outlet will open on June 11 at 23 Serangoon Central, Nex, #B1-15, Singapore 556083.
Malaysian Reserve
29-05-2025
- Business
- Malaysian Reserve
Moomoo's Parent Company Futu Releases Q1 2025 Results
Net Income up 98% YoY to US$285 million JERSEY CITY, N.J., May 29, 2025 /PRNewswire/ — Moomoo's parent company Futu Holdings Ltd. ('Futu' or 'the Company')(Nasdaq: FUTU), a leading global tech-driven online brokerage and wealth management platform, announced its unaudited Q1 2025 earnings with US$603.4 million in revenues, up 81.1% year-over-year ('YoY'), and US$285 million in non-GAAP adjusted net income, up 97.7% YoY. As of March 31, 2025, the Company reported 26.25 million registered users, 4.96 million brokerage accounts and 2.67 million funded accounts. The client assets grew 12% quarter-over-quarter ('QoQ') and 60% YoY, reaching US$107 billion. Continued Growth Across Markets & Business Segments The Company entered 2025 with a strong quarter, delivering solid growth across all markets. Japan, Canada and Malaysia achieved record highs in new funded accounts, while the US and Australia both logged double-digit QoQ growth in total funded accounts. In Singapore, strong asset inflows from the high-net-worth sector highlighted the Company's increasing appeal to investors with significant capital and complex financial needs. In Hong Kong, a market already highly penetrated, the Company continued to see accelerated client acquisition throughout the quarter, with a double-digit QoQ increase in client assets, and a nearly 20% quarterly rise in daily active users on its app, reinforcing the Company's unrivaled position in the market. In May, the Company announced its entry into New Zealand – the eighth market it serves – marking another successful stride in its expanding global footprint. Trading activities across the Company's platforms remained vigorous in Q1, with total trading volume reaching a record high of US$413.3 billion, up impressively by 140% YoY and 11% QoQ. Hong Kong and US equities soared 227% and 116% YoY, respectively. Cryptocurrency recorded double-digit QoQ growth in both traders and client assets, showing investors' growing appetite for this particular asset. The Company's wealth management continued to expand globally, driven by robust investment demand for safe-haven assets amidst market uncertainties. The total assets under management ('AUM') reached US$17.9 billion at Q1's market closure, a YoY increase of 118%, with AUM in Hong Kong and Singapore growing steadily during Q1, and in Japan and Malaysia increasing notably. The strength in retail investing fueled synergistic growth in the Company's corporate and institutional services, reinforcing its leadership as a comprehensive financial services platform. By the end of Q1, the Company's IPO and IR clients totaled 498. In Malaysia, moomoo was the top platform that amassed the most subscribers for Oriental Kopi IPO. In Hong Kong, the Company recorded new successes in IPO subscriptions, including the achievement of over HK$1 trillion in Mixue IPO. Additionally, the Company achieved steady growth in its Employee Stock Ownership Plan and Trust services, earning a strong reputation among clients. Enhancing Platform Capabilities to Serve Various Investor Needs In Q1, the Company advanced its product roadmap by introducing tailored features to better serve investors with varying needs. To enhance accessibility to the US market, fractional US shares trading was introduced in Japan. To address the growing demand for options trading, the Company introduced tools such as the Options Strategy Builder and Options Probability Analysis, greatly lowering the entry barrier. The Company also broadened its wealth management offerings across multiple markets, including the launch of US dollar money market funds in Japan, and non-money market mutual funds in Malaysia. To deliver a more intuitive and informed investing experience, the Company rolled out the new Insights feature across its platforms, allowing users to imitate expert strategies and get inspirations in new investment opportunities. Furthermore, the Company streamlined the US stock order execution process this quarter, enhancing efficiency and allowing investors to cover full trading time blocks with a single US stock order. Moomoo's innovation and service excellence continued to gain industry recognition in Q1. In Singapore, moomoo clinched four prestigious awards from CME Group, including the top honor of 'Influential Broker 2024'. In Japan, the renowned research firm Japan Marketing Research Organization, Inc. granted moomoo with four awards, naming it the 'No.1 US Stock Investment Platform'. In Malaysia, moomoo received the 'Technology Excellence Award' from the Asian Business Review magazine, a testament of its leadership in the technological advancement. Deepening Community Connections and Advancing Corporate Social Responsibility In Q1, the Company deepened its commitment to empowering investors by partnering with Seeking Alpha, a leading financial research platform, to deliver pro-level tools and advanced services to all its global users. Recently in the US, moomoo proudly announced a ground-breaking partnership with the New York Mets, a member of the Major League Baseball (MLB), in a multi-year, multi-million-dollar partnership, marking its first high-profile sports sponsorship. This collaboration is set to enhance the sports experience for Mets fans, moomoo customers and New York tri-state area communities through creative initiatives and joint efforts. The Company also continued to expand its community engagement efforts. In the US, moomoo sponsored the Jersey City Marathon, while in Australia, it partnered with local NGOs to support local communities. In Japan, moomoo led initiatives to encourage female participation in investing. These diverse activities demonstrate moomoo's commitment to leveraging its brand influence to foster positive change and build better communities worldwide. About moomoo Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together. Founded in the US, moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand. As a subsidiary of a Nasdaq-listed company, moomoo is trusted by more than 26 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability. For more information, please visit moomoo's official website at
New Straits Times
26-05-2025
- Business
- New Straits Times
HLIB: Oriental Kopi's growth driven by brand, expansion
KUALA LUMPUR: Oriental Kopi Holdings Bhd's long-term growth prospects remain intact, driven by a strong brand presence, an expanding outlet network, and rising consumer demand. Hong Leong Investment Bank Bhd (HLIB Research) believes that current valuations fairly reflect these positives. "Key strategic initiatives, including the development of a new head office, central kitchen, and warehouse, as well as expansion into domestic and overseas markets, are promising but will take time to fully materialise. "The upcoming operational facility in Selangor, targeted for completion by the fourth quarter of 2026 (4Q26), is expected to enhance operational efficiency and support product innovation," it said in a note. HLIB Research also highlighted that the group is diversifying its product offerings, with upcoming launches of new menu items and packaged goods, aimed at expanding its customer base and deepening engagement. It noted that in parallel, Oriental Kopi is also engaging overseas distributors to introduce its brand beyond Malaysia. "Its disciplined, location-focused expansion strategy, prioritising high-traffic sites, continues to differentiate it from peers and reinforces its commitment to quality, positioning the group for sustained long-term growth," it said. As such, HLIB Research has maintained a "Hold" call on Oriental Kopi with a lower target price of RM0.76 from RM0.81. The firm noted that a near-term catalyst for the group could stem from the potential Shariah-compliant status, which may enhance liquidity and investor interest. Meanwhile, Oriental Kopi reported a revenue of RM103.2 million and a core profit after tax (PAT) of RM14.7 million in 2Q25, which brought the first half of the financial year 2025 (1H25) sum to RM28.2 million. HLIB Research said the results fell short of both the firm's and consensus' expectations, making up 44 per cent and 46 per cent of full-year forecasts, respectively. "The variance was primarily due to softer-than-anticipated sales. 1H25 core PAT was adjusted to exclude RM1.3 million in listing expenses," it noted. Sequentially, the group's revenue grew six per cent quarter-on-quarter (QoQ) to RM103.2 million, driven by stronger performance from both the café chain segment and distribution & retail of packaged foods. This was largely attributable to increased footfall during the Chinese New Year festive period and contributions from newly opened outlets. The café chain remained the key revenue driver, contributing RM96.4 million (93 per cent), followed by packaged food sales at RM6.4 million (six per cent) and other revenue streams at RM0.4 million (0.4 per cent). On the back of this, core PAT rose nine per cent QoQ to RM14.7 million.
The Star
23-05-2025
- Business
- The Star
Oriental Kopi eyes local expansion and overseas market growth
KUALA LUMPUR: Oriental Kopi Holdings Bhd remains optimistic about its prospects, underpinned by its competitive strengths, strategic business initiatives, and favourable market conditions in both the F&B services sector and the distribution and retailing of branded consumer packaged foods. 'With these factors in place, the group remains confident in its business growth for the upcoming financial year and anticipates continued improvements in both revenue and profitability,' the food and beverage (F&B) services cafe chain operator said in a filing with Bursa Malaysia. In the second quarter ended March 31, Oriental Kopi posted a net profit of RM13.8mil, or earnings per share of 0.69 sen, bringing its net profit for the first six months to RM26.9mil, or 1.35 sen. Revenue for the quarter stood at RM103.2mil, lifting revenue for the first six months to RM201 mil. Oriental Kopi said it will continue to focus on expanding its café outlets across various states, including Melaka and Penang. 'The group is also exploring opportunities to introduce innovative menu offerings and expand its range of packaged foods varieties, set to be launched in the coming quarters to attract new customers while retaining our loyal customer base,' it said. The group is also pursuing initiatives to engage overseas distributors for its brand of packaged foods. 'This strategy aligns with the group's expansion plan to bring Oriental Kopi brand and its product offerings to a broader market, beyond the domestic landscape,' it added.
