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MK Restaurant company logo
Corporation
mkrestaurant.com

About MK Restaurant

MK Restaurant operates a suki restaurants in Thailand.

Headquarters Location

1200 Debaratana Road, Bangna Tai, Bangna

Bangkok, 10260,

Thailand

+66 02-836-1000

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Latest MK Restaurant News

M The first half of the year hits the target. Controlling costs – compressing promotions to stimulate – Thunhoon

Apr 22, 2023

No Comments #M #Than Hoon – M is confident that sales per store in the first half of 2023 will grow an average of 10% per quarter, as expected, confident that the total revenue will grow 15% in 2023, effectively controlling raw material costs. Maintain Gross Profitability Potential (GMP) at appropriate levels Broker expects profit in Q1/2023 to recover both YoY and QoQ from strong same-store sales (SSSG) growth of major brands, hitting a target of 64 baht. Investor Relations Department, MK Restaurant Group Public Company Limited or M, revealed that the company expects sales per store (SSSG) in the first half of 2023 to grow on average around 10%YoY, supported by a gradual increase in tourist arrivals throughout the first quarter of 2023, boosting sales per store in tourist areas. Including branch sales in major shopping centers throughout Bangkok to recover. While the second quarter of 2023 has benefited from the long Songkran holiday, the closure of the semester, and government travel stimulus measures. Significantly stimulate the shopping atmosphere in the country. “During the first quarter of 2023, sales have recovered close to the target, while in the second quarter of 2023 there is a strong growth trend. Just during the Songkran festival, 13-17 April 2023, only the MK Restaurant brand saw sales per branch in tourist areas grow approximately 20%YoY, while May is still in the end of the semester. There are also two long holidays that will significantly boost sales for both MK Restaurant and Yayoi brands.” Cost control – pro recording At the same time, the company can negotiate to lock the price of duck raw materials. with business partners at an appropriate price level together with the price of raw materials, including chicken meat and the pork began to soften Regarding energy costs – employee wages, the company has planned to manage since the last quarter 4/2022, therefore it is expected to maintain gross profit potential (GMP) at an appropriate level. At the same time, the company continues to implement strategies to boost sales both Encourage repeat visits within the branch by adjusting promotions on average every two months, for example, offering special price menus, periodic soup service, dessert promotions – seasonal fruits. which can stimulate the purchasing power of tourists as well Along with organizing special promotions with all delivery system service partners (Deliveree) to encourage continuous repeat orders. Therefore, it is confident that the total revenue for the year 2023 will grow around 15%YoY according to the target set. “Duck is the company’s main ingredient. When the price accelerates, it affects to a certain extent, but the company has been able to negotiate and lock the price until the end of 2023, together with the weakening domestic pork and chicken prices, still manageable.” Recommend “Buy” with a target of 64 baht. Pie Securities Public Company Limited expects 1Q/2023 profit of M to recover both YoY and QoQ from same-store sales growth (SSSG) of 3 main brands, MK Restaurant, Yayoi, and Laem Charoen, driven by SSSG. On average, during January-February 2023, the growth was around 16%, with MK growing around 13%YoY, Yayoi growing at 14% YoY and Laem Charoen Seafood growing at 27%YoY, driven by the recovery of customers in tourist areas. However, the company’s raw material cost control measures have to be closely monitored. The management estimates that raw material costs in 2023 will increase by 5%YoY, but the company has already raised its average selling price by 4% in February 2023. Profit margins are expected to gradually decline. continued to recover Including the company may consider adjusting the selling price in the future. But will not increase much because the executives focus on maintaining the customer base. Therefore, we maintain our 2023 net profit of 1,970 million baht, an increase of 37%YoY, and recommend a “BUY” with a reasonable price of 64 baht, both supported by plans to expand the business of Laem Charoen Seafood abroad. Know the game, know before anyone else, follow “Thun Hoon” here. FACEBOOK Click https://www.facebook.com/Thunhoonofficial/

MK Restaurant Acquisitions

1 Acquisition

MK Restaurant acquired 1 company. Their latest acquisition was Lam Charoen on September 24, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/24/2019

$99M

Acquired

1

Date

9/24/2019

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

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