Serious SGX LATEST - Sakae Sushi Collapsing!

[TerrexLee]

Sakae sushi FUCKING SUCKS.

I hope it closes down eventually. Horrible food, horrible service.

A genuine insult to Japanese food IMO.

 

[johnny333]

..unless there is an earth shattering event that they have a reduced majority & that, we won't want to be around to witness it...for it will be either a natural or economic disaster...

It is obvious that the PAP are a selfish lot & this is not likely to change. Many of the PAP are ex-Malaysians, so their loyalty is to the $$$. LHL wants to protect his famiLee business whatever it takes. So it will be up to the lesser mortals to change things. If LHL insists on abusing his power some may look at more extreme measues:(

If things don't improve by the next GE I'm worried about how the masses will react. Many of the old time PAP supporters of the PAP will either be dead, have Alzheimer's or are too sick to care. What you will have are desperate younger Sporeans, foreigners & "new citizens".

Some may think that trouble will never happen in Spore. No one could have predicted a failing MRT system, flash floods, pieces of buildings falling off, riots, .... a few years ago. With so many potential troublemakers now in Spore you never know what is going to happen? All it takes is a few serious incidences to damage Spore's reputation.

 

[CoffeeAhSoh]

Sakae sushi FUCKING SUCKS.

I hope it closes down eventually. Horrible food, horrible service.

A genuine insult to Japanese food IMO.

And very very Expensive too. D. Foo chap looking more like a con artist than a business man.

Looking at the company annual report he already planned to run road.

 

[JohnTan]

This shows that poor people are morons. Sakae Sushi seems to be doing pretty well regionally, even while it is probably going to shutter all their shops in zikapore within a few years.

Rising business costs have taken their toll on Sakae Holdings, operator of the Sakae Sushi chain, which has shuttered 10 of its 46 restaurants in the past few months.

The firm also has plans to cut six more by the first half of the year.

The listed company has been in loss-making mode over the last two years due to a sluggish economy and fierce competition in the food-and-beverage sector.

Its fourth-quarter net loss widened to $5.2 million from $4.7 million, while revenue fell 4.2 per cent.

The firm on Thursday said it made a provision of $3.4 million in its fourth-quarter results for the early termination of leases as it closes its non-performing restaurants.

But its founder, Mr Douglas Foo, remains "confidently optimistic" as the company is focused on growing the Sakae brand overseas.

Mar 06, 2017
While the number of its restaurants in Singapore will drop to about 30 this year, Sakae has 60-plus more in the region, including 40 in Malaysia.

This year, it will launch up to three restaurants in Myanmar. Sakae has another 80 associate restaurants in the region, in which it has a small stake.

http://www.tnp.sg/news/business/sakae-holdings-close-6-more-restaurants