【OLDTOWN 5201 交流专区】旧街场

icy97

旧街场白咖啡
拓展江苏受看好

2016年7月19日

分析：丰隆投行研究
目标价：1.83令吉

最新进展:

旧街场白咖啡（OLDTOWN，5201，主板贸服股）授权中国G&L饮食管理有限公司，在中国江苏开拓连锁餐馆业务, 预计首间分行将于10月在无锡开设。

该许可协议的期限为5年，从今年5月1日至2021年4月30日，并可在自动更新两次各为5年的协议。

行家建议：

我们中和看待这项消息，预计无锡咖啡馆分店只是旧街场白咖啡进军中国的基础，以试探当地消费者接受程度，不会影响短期的营业额预测。

另外，虽然中国经济架构不断改变，但是当地潜在商业机会庞大。

长期而言，该公司在当地仍然拥有很大的增长空间。

因此，我们相信旧街场白咖啡在中国设实体店面，能够强化公司的快速消费品（FMCG）业务。

基于该股近日飙升，投资评级因而下调至“守住”，目标价则维持在1.83令吉。



【e南洋】

哭哭鸟

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	102,885	94,059	102,885	94,059
2	Profit/(loss) before tax	19,791	13,596	19,791	13,596
3	Profit/(loss) for the period	13,707	9,729	13,707	9,729
4	Profit/(loss) attributable to ordinary equity holders of the parent	13,882	9,487	13,882	9,487
5	Basic earnings/(loss) per share (Subunit)	3.07	2.15	3.07	2.15
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.8400		0.8000

哭哭鸟

今天我在想什么？
(26.08.2016)
OLDTOWN业绩好可惜~
OLDTOWN昨天就发布了其Q1季报，对我来说业绩是不达标的。
早前和大家提供我们要求它这个季度需要维持上个季度的强劲，也就是净盈利18mil水平。本次季度只有13.8mil。
净盈利按季下滑并非Oldtown本身业务出现问题。
因为其Profit Before Tax依然保持在上季度的强势。
罪魁祸首为其tax expense。这个季度涉及的tax expense是6mil，上个季度只有2.6mil。
股值方面，早前和大家提过，Oldtown过往平均本益比都在15-17水平，除非基本面上有些新的催化剂，不然我就预计它应该处于目前RM 1.80 - 2.10这个区域横盘运行。

KLSE 游击队

投资小新手

哭哭鸟 发表于 26-8-2016 06:04 PM
今天我在想什么？
(26.08.2016)
OLDTOWN业绩好可惜~
OLDTOWN昨天就发布了其Q1季报，对我来说业绩是不达标的。
早前和大家提供我们要求它这个季度需要维持上个季度的强劲，也就是净盈利18mil水平。本次季度只 ...

预测 明年 它会往下到1.5左右

哭哭鸟

【1Q17 OLDTOWN业绩分析报告】符合预期，但内藏巨大惊喜！！！
Author: twot   |   Publish date: Sat, 27 Aug 2016, 12:31 AM
http://klse.i3investor.com/blogs/iamtyz/103091.jsp

icy97

快速消费品增长强劲．旧街场财测调高

（吉隆坡29日讯）旧街场（OLDTOWN，5201，主板贸服组）餐饮业务成功止血，分析员虽忧虑劳工和原料成本走扬将对短期盈利前景带来挑战，但快速消费品（FMCG）有望延续强劲增长势头，将带动未来盈利持续向好，纷纷上调未来盈利预测。

丰隆研究说，旧街场每分店营业额跌势已经受控，集团放眼今年在国内外增设26家新店，预期第二季表现将更好。

但丰隆研究指出，政府冻结餐饮业聘请外劳，以及原料成本攀升，甚至是政府延长反暴利法令（Anti Profiteering Act）至12月，恐使集团在2017财政年第四季前难以转嫁成本，将对旧街场短期盈利前景带来挑战。

“基于原料合约往往在第三和第四季落实，我们预见未来盈利赚益将受到压力。管理层称将拟定策略提高促销价5至10%以转嫁赚益压力。”

不过，兴业研究指出，虽然餐饮业务最新季度营业额和净利下跌2至3%，但乐观相信2017财政年下半年将逐步复苏。

“若扣除斋戒月影响，业务增长将企平或稍微正面。展望未来，随着两大中央厨房整合，生产成本下降30%，以及营业额增长缓步复苏，有望抵销下半年走扬的劳工成本。因此，在纳入相关因素后，我们维持2017财政年餐饮业务零盈利贡献预测不变。”

展望未来，马银行研究认为，随着中国业务合理化将在2017财政年初完成，预期FMCG将来延续正面增长动能。

目前，北亚占旧街场2017财政年首季总营业额的44%，其中台湾、澳洲、印尼和菲律宾等出口市场也有望健康成长。

马银行研究认为，虽然餐饮业务将持续成为绊脚石，但随着消费者情绪复苏，盈利前景已猪改善，因此维持盈利目标不变。

相比之下，马银行研究和丰隆研究相对乐观，调高旧街场2016和2019财政年盈利目标。



文章来源：
星洲日报‧财经.报导：洪建文‧2016.08.29

icy97

OLDTOWN BERHAD

EX-date	27 Sep 2016
Entitlement date	29 Sep 2016
Entitlement time	05:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final Dividend of 3 sen per share under the single tier system in respect of the financial year ended 31 March 2016.
Period of interest payment	to
Financial Year End	31 Mar 2016
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A, Vertical Business SuiteAvenue 3, Bangsar SouthNo. 8, Jalan Kerinchi59200 Kuala LumpurTel: 03-27839299
Payment date	11 Oct 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	29 Sep 2016
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.03
Par Value	Malaysian Ringgit (MYR) 1.000

icy97

EX-date	27 Sep 2016
Entitlement date	29 Sep 2016
Entitlement time	05:00 PM
Entitlement subject	Special Dividend
Entitlement description	Special Dividend of 3 sen per share under the single tier system in respect of the financial year ended 31 March 2016
Period of interest payment	to
Financial Year End	31 Mar 2016
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A, Vertical Business SuiteAvenue 3, Bangsar SouthNo. 8, Jalan Kerinchi59200 Kuala LumpurTel: 03-27839299
Payment date	11 Oct 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	29 Sep 2016
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.03
Par Value	Malaysian Ringgit (MYR) 1.000

哭哭鸟

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	99,546	92,617	202,431	186,676
2	Profit/(loss) before tax	16,253	16,626	36,044	30,222
3	Profit/(loss) for the period	12,464	13,418	26,171	23,147
4	Profit/(loss) attributable to ordinary equity holders of the parent	12,626	13,354	26,508	22,841
5	Basic earnings/(loss) per share (Subunit)	2.80	2.96	5.87	5.06
6	Proposed/Declared dividend per share (Subunit)	3.00	0.00	3.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.8100		0.8000

icy97

EX-date	25 Jan 2017
Entitlement date	27 Jan 2017
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Interim Dividend of 3 sen per share under the single tier system for the financial year ending 31 March 2017
Period of interest payment	to
Financial Year End	31 Mar 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR SERVICES SDN BHDUnit 32-01, Level 32, Tower A, Vertical Business SuiteAvenue 3, Bangsar SouthNo. 8, Jalan Kerinchi59200 Kuala LumpurTel:0327839299Fax:0327839222
Payment date	16 Feb 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	27 Jan 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.03
Par Value	Malaysian Ringgit (MYR) 1.000

icy97

Type	Announcement
Subject	OTHERS
Description	OLDTOWN BERHAD ("Oldtown" or "the Company") - Redesignation of Oldtown Securities as Non-Shariah Compliant
The Company wishes to announce that as at 25 November 2016, the Securities Commission ("SC") has reclassified Oldtown securities as a Shariah non-compliant securities. The basis of the redesignation of Oldtown securities to Shariah non-compliant was due to non-compliance by Oldtown with the financial ratio benchmark, cash over asset ratio for the financial year ended 31 March 2016 ("FYE 2016"). The total cash allocated in the Company’s conventional Instruments amounting to 38.53% of the Total Assets of the Group in respect FYE 2016 has exceeded the benchmark of 33% cash over total assets ratio as determined by SC for Shariah Complaint Securities. This announcement is dated 28 November 2016.

icy97

颁经营执照　旧街场进军缅甸

财经  2017年02月10日
（吉隆坡10日讯）旧街场（OLDTOWN，5201，主板贸服股）颁发独家经营执照给Nikmat Mujur私人有限公司和刘思南（译音），以在缅甸仰光开设「OLDTOWN白咖啡」连锁咖啡店。

根据文告，Nikmat Mujur公司可以在执照生效后的24个月內，开设及管理3家OLDTOWN白咖啡连锁咖啡店，而旧街场在期间不得颁发相关许可证给其他人。

在协议生效后的9个月內，Nikmat Mujur公司需筹备在当地开设首家咖啡店。

若该公司在授权期间想要开设超过3家咖啡店，双方则需签署另一份合约。

同时，Nikmat Mujur公司开始需支付21万美元，以及每月就每分店支付1500美元的版权费给旧街场。上述执照协议长达5年，並可再延长5年。

另一方面，旧街场管理层在文告中表示，该执照协议將把该公司业务版图进一步扩展至缅甸市场，且有利于日后盈利表现。【东方网财经】

Type	Announcement
Subject	OTHERS
Description	LICENSE AGREEMENT BETWEEN KOPITIAM ASIA PACIFIC SDN BHD, NIKMAT MUJUR SDN BHD AND LOW SEE NAM TO OPERATE CAFé OUTLETS IN YANGON, MYANMAR
Introduction The Board of Directors of Oldtown wishes to announce that Kopitiam Asia Pacific Sdn Bhd (Company No. 196428-X) (“the Licensor”), a wholly-owned subsidiary of Oldtown had executed a License Agreement with Nikmat Mujur Sdn Bhd (Company No. 546409-M) (“the Area Licensee”) and Mr Low See Nam (“the Individual”) on 10 February 2017 to operate café outlets in Yangon, Myanmar. Salient Terms of the Agreement The Licensor is engaged in the business of operating restaurants (“the Business”) under the name of “OLDTOWN WHITE COFFEE” (“Trade Name”) and has developed the business system in connection with the operation of the Business, utilising and comprising the Trade Mark, Trade Name, Know-how and any other Intellectual Property, and certain standard operational procedures, plans directions, specifications, methods, management, training, Point of Sale Systems and advertising techniques whether specified in the Manuals or otherwise (“the System”). In consideration of the fees payable subject to the fulfillment of the terms and conditions as set out in the License Agreement, the Licensor hereby grants to the Area Licensee the following terms:- a non-exclusive right to use the Trade Name and Trade Mark, to operate the System, to sell the Approved Products and to provide specialised services within the City of Yangon, Myanmar (the “Area License”); an exclusive License to operate three (3) Direct License Outlet within the Area License only within a twenty-four (24) month period from the date of the License Agreement. Subject to the terms and conditions of the License Agreement, for the first of the twenty-four (24) months from the date of the License Agreement, the Licensor shall not appoint another party to operate the Business in the Area License. Where the Area Licensee intends to operate further Outlets during the period of twenty-four (24) months from the date of the License Agreement, other than the three (3) Direct License Outlets, the Area Licensee and the Licensor shall enter into an agreement in which the Area Licensee shall be granted a Master License to open and operate such number of Direct License outlets and Sub-License Outlet within either the Area License or the whole of Myanmar and the following terms amongst others, shall apply: There shall be no fee payable to the Licensor in respect of the Master License granted to the Area Licensee; The Area Licensee shall pay the Licensor all amounts payable pursuant to the Area License Agreement in respect of opening an outlet; The Area Licensee and the Licensor shall mutually agree to a reasonable development schedule of expansion of Outlets in the Area License or Myanmar, as the case maybe; and The Licensor shall not whether by themselves or through any party operate or open any Outlets in Yangon or Myanmar, as the case maybe. The Area Licensee shall use the Manuals, the Trade Mark, the Trade Name, the System and the other Intellectual Property in connection with, and exclusively for, the Business and in accordance with the instructions, rules and procedures set out in the Manuals or as may be reasonably prescribed by the Licensor from time to time. The Area Licensee shall establish, operate and open the Pilot Outlet to the public within nine (9) months from the date of the License Agreement or such other extended date as may be determined solely by the Licensor. The term of the License Agreement shall be five (5 years) with an option to renew for (1) one consecutive term of five (5) years. Mr Low See Nam, the Director and Majority Shareholder of the Area Licensee have executed a Personal Guarantee for the purpose of indemnifying the Licensor against any, and all financial obligation breaches of the Area Licensee. In consideration of the Licensor granting the rights therein in the License Agreement to the Area Licensee, the Area Licensee agrees to pay the following fees to the Licensor without any demand, deduction, and counter-claim or set-off in accordance to the terms and conditions of the  License Agreement:- (i) Non-Refundable Area License Fee for Three (3) Direct License Outlet USD120,000 (ii) Renewal fee for Area License for Three (3) Direct License Outlet USD60,000 (iii) Pre-opening support fee (one time cost) USD20,000 (iv) Royalty UDS1,500 per outlet per month (v) Non-Refundable Training Fee USD10,000.00 United States Dollars : “USD” Rationale OLDTOWN wishes to expand into the Myanmar market as part of its plan to venture into other territories in South East Asia. As the Licensor has built up a substantial reputation and goodwill in the Business and the Trade Name, the granting of an area license to the Area Licensee with a view to becoming a full-fledged Master Licensee will eventually enable the setting up of a network of outlets in Myanmar. This is part of the international expansion of the Company and is likely to lead to an increase in the Company’s earnings in the future. Directors’ Statement The Directors of OLDTOWN, having considered all aspects of the execution of the License Agreement, are of the opinion that it is in the best interest of OLDTOWN Group. Effects of the execution of the Agreement The execution of the License Agreement is not expected to have any material effect on the earnings or net assets of Oldtown and its subsidiary companies for the financial year ending 31 March 2017. Interest of Directors, Major Shareholders and Persons connected to them None of the Directors and/or major shareholders of Oldtown and/or persons connected with them, has any interest, direct or indirect, in the License Agreement. This announcement is dated 10 February 2017.

icy97

旧街场白咖啡仰光短期贡献净利小

2017年2月14日

分析：肯纳格投行
目标价：2.11令吉

最新进展：

旧街场白咖啡（OLDTOWN，5201，主板贸服股）与Nikmat Mujur私人有限公司和刘思楠（译音）签约，进军缅甸市场。

旧街场白咖啡开始在缅甸仰光经营咖啡馆分店。合约为期5年，可再更新5年。

行家建议：

我们正面看待上述消息，因为新合约可助旧街场白咖啡在新市场立足。且有助于试探当地消费者对品牌接受程度，才来决定是否开设自己的分店或开始零售分销。

假设短期内，旧街场白咖啡进一步在仰光增设分店，我们不感惊讶。因为该国经济增长稳定、前景乐观，且仰光有约530万人口。

不过，在9个月的建设期限内，要建设试验分店和经营开销，估计短期内净利贡献较小。微幅上调2018财年净利预测0.3%。



【e南洋】

哭哭鸟

第3季派息3仙
旧街场白咖啡赚2435万
2017年2月27日
http://www.enanyang.my/news/20170227/第3季派息3仙br-旧街场白咖啡赚2435万/

（吉隆坡27日讯）旧街场白咖啡（OLDTOWN，5201，主板贸服股）截至去年12月杪第三季，净利按年飙涨1.19倍至2435万1000令吉，或每股盈利5.39仙。

该公司向马交所报备，净利飙涨主要是因为饮食制造业务的盈利上涨，抵消连锁咖啡店业务的盈利下降。

饮食制造业务中的税前盈利猛涨120%，归功于销售增加、外汇收益，以及销售费用减少。

至于连锁咖啡店业务的税前盈利下降8%，是因为员工成本及折旧较高。

当季营业额从上财年同期的1亿220万7000令吉，按年涨13.31%，报1亿1580万6000令吉。

另外，该公司也宣布派息每股3仙，除权日及享有权益日分别落在3月28及30日。

首3季净利涨50%

累计首9个月，净利按年大涨49.98%，至5085万9000令吉；营业额则上涨10.16%，至3亿1823万7000令吉。

旧街场白咖啡董事部称，该公司依然维持今财年在我国开设新分店的网络增长策略。

基于业务成本上涨的压力不断加重，市场情况依然充满挑战。

为了保持竞争力，连锁咖啡店业务会专注提供有价值的产品，让现有客户群再回头，及吸引新客户前来。

5201                                                            

Quarterly rpt on consolidated results for the financial period ended 31/12/2016

Quarter: 3rd Quarter Financial Year End: 31/03/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2016 31/12/2015 31/12/2016 31/12/2015 RM '000 RM '000 RM '000 RM '000 1 Revenue 115,806 102,207 318,237 288,883 2 Profit/Loss Before Tax 31,564 17,350 67,608 47,572 3 Profit/Loss After Tax and Minority Interest 24,351 11,070 50,859 33,911 4 Net Profit/Loss For The Period 24,116 11,106 50,287 34,253 5 Basic Earnings/Loss Per Shares (sen) 5.39 2.45 11.27 7.51 6 Dividend Per Share (sen) 3.00 3.00 6.00 3.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.8600 0.8000

icy97

EX-date	28 Mar 2017
Entitlement date	30 Mar 2017
Entitlement time	05:00 PM
Entitlement subject	Second interim dividend
Entitlement description	Second Interim Dividend of 3 sen per share under the single tier system for the financial year ending 31 March 2017
Period of interest payment	to
Financial Year End	31 Mar 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower AVertical Business Suite, Avenue 3, Bangsar SouthNo. 8, Jalan Kerinchi59200Kuala LumpurTel:0327839299Fax:0327839222
Payment date	26 Apr 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	30 Mar 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.03
Par Value	Malaysian Ringgit (MYR) 1.000

icy97

旧街场预计第3季　福建设首家中国分店

财经  2017年03月30日
（吉隆坡30日讯）旧街场（OLDTOWN，5201，主板贸服股）宣布，其独资子公司--深圳咖啡店亚太有限公司（Shenzhen Kopitiam Asia PacificLtd，SZKAP）与厦门筷客投资管理有限公司（简称筷客）及曾力彬（译音），达成区域执照协议（TLA），允许筷客使用「旧街场白咖啡」品牌，在中国福建省开设连锁咖啡店，或授权第3方经营这项业务。

据文告，这项合约的期限为5年，之后可额外2次更新合约，每次5年期限，合计15年。在协议生效后的6个月內，筷客需在当地开设首家咖啡店。因此，预计將在2017年第3季开设首家中国分店。另外，快客也获得优先选择权，是否有意获取北京、广东及上海的区域执照。【e南洋】

Type	Announcement
Subject	OTHERS
Description	Oldtown Berhad ("Oldtown") - Territorial License Agreement entered into by Shenzhen Kopitiam Asia Pacific Limited, an indirect wholly-owned subsidiary of Oldtown with Xiamen Kuaike Investment Management Company Limited and Mr Zeng, Libin to operate café outlets in the Province of Fujian, Peoples Republic of China ("China") ("the Territory")
1.       Introduction Pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Oldtown wishes to announce that Shenzhen Kopitiam Asia Pacific Limited (Unified Social Credit Code: 91440300336455367X) (“SZKAP” or “the Licensor”) had on 29 March 2017 entered into a Territorial License Agreement with Xiamen Kuaike Investment Management Company Limited (Unified Social Credit Code: 91350200664711198Q) (the “Territorial Licensee”) and Mr Zeng, Libin, the sole director and shareholder of Territorial Licensee (“the Individual”) to confer the right to Territorial Licensee to operate the restaurant business (“Business”) under the brand name of “Oldtown White Coffee” in the province of Fujian, China (“Direct License”) and to sub-license to third parties to operate the Business in the Territory (“Sub-Licenses”) (the “Agreement”). The term of the Agreement shall be five (5) years with an option to renew for two (2) consecutive terms of five (5) years bringing the total of fifteen (15) years, subject to the fulfillment of the conditions as set out in the Agreement which are on normal commercial terms. 2.       Salient Terms of the Territorial License Agreement In consideration of the fees payable and subject to the fulfillment of the terms and conditions as set out in the Agreement, the Licensor hereby grants to the Territorial Licensee the following rights:- an exclusive right to operate Direct License within the Territory; a non-exclusive right, to use the trade name “OLDTOWN WHITE COFFEE” and “OLDTOWN WHITE” (“Trade Name”), to use the trade mark provided by the Licensor (“Trade Mark”), to operate the business system or format and method developed and implemented by the Licensor (“System”); to sell the products approved by the Licensor (“Approved Products”) and to provide the specialized services developed by the Licensor (“Services”) within the Territory; and an exclusive right to grant Sub-Licenses to licensees in the Territory and to enter into Sub-License Agreement(s) for the purpose of setting up a network of outlets in the Territory for the operation of the Business under the Trade Name and the Trade Mark and using the System and selling the Approved Products. The Territorial Licensee shall establish, operate and open the first Direct License outlet  to the public within six (6) months from the date of the Agreement or such other extended date as may be determined solely by the Licensor. The Territorial Licensee undertakes to achieve and maintain the minimum performance standards as set out in the terms and conditions of the Agreement. In consideration of the Licensor granting the rights therein in the Agreement to the Territorial Licensee, the Territorial Licensee agrees to pay the structure of fees comprising non-recurring fees such as  the Teritorial License fee, New Outlet Opening fee, Outlet License Renewal Fee, Territorial License Renewal Fee and recurring fees in the form of Royalty to the Licensor without any demand, deduction, and counter-claim or set-off in accordance to the terms and conditions of the Agreement . The Territorial Licensee is given a first right of refusal to  take up the Territorial License for the Territory rights in respect of Beijing, Guangdong and Shanghai vide  separate letters of offers executed with SZKAP. Xiamen Shi Bo Hui Food Company Limited (Unified Social Credit Code: 91350203587879180G) ("Xiamen SBH") has executed a Corporate Guarantee and Indemnity to indemnify the Licensor against any, and all financial obligation breaches of the Territorial Licensee. Please refer to Section 4 of this announcement for information on Xiamen SBH. 3.       Information on Shenzhen Kopitiam Asia Pacific Limited SZKAP is a foreign entity incorporated in China on 27 August 2015 which is wholly-owned by OTK (HK) Investment Limited (“OTK(HK)”). OTK(HK) is an investment holding company incorporated in Hong Kong on 26 March 2013 and it is in turn the wholly-owned subsidiary of Oldtown Singapore Pte Ltd, a company incorporated in Singapore on 29 June 2007 which is a wholly-owned subsidiary of Oldtown. SZKAP had on 21 March 2017, executed a Territorial License Agreement with Oldtown Asia Pacific Limited (the “Master Licensee” or “OTAP”) to accept the Territorial Licence awarded by the Master Licensee for the right to use and sub-license the use of trade name, trade mark and system in order to be able to set up a network of outlets in the province of Fujian, China (“Master Licensee Agreement”). The Master Licensee Agreement is for a term of five (5) years from 21st March 2017 and shall be automatically renewed for two (2) successive five (5) years terms unless SZKAP elects not to renew the agreement for each successive term. The Territorial License awarded by the Master Licensee confers the right to SZKAP to operate and to sub-license the territorial rights to operate the restaurant business under the brand name of “Oldtown White Coffee” in the province of Fujian,  China. 4.       Information on Territorial Licensee and Xiamen SBH Territorial Licensee is a company incorporated in China on 9 August 2007 by an individual director and shareholder, namely Mr Zeng, Libin. The principal nature of business carried out by Territorial Licensee is investment holding, food and beverage management, franchise and licensing, and industrial investment. While Xiamen SBH is a company incorporated in China on 8 March 2012 by an individual director, namely Mr Zeng, Libin. The shareholders of Xiamen SBH, are Mr Zeng, Libin and Mr Huang, Xiaowei. The principal nature of business of Xiamen SBH is food and snacks services, other wholesale businesses, management in food and catering services. The Territorial Licensee has scheduled to open its first China outlet by the third quarter of 2017. 5.       Information on Oldtown Asia Pacific Limited OTAP is a private company incorporated in Hong Kong on 16 February 2005. OTAP has been appointed as the Master Licensee by Kopitiam Asia Pacific Sdn Bhd (“KAP”), a wholly owned subsidiary of OldtownBerhad and the Franchisor of the chain of restaurants under the brand name of Oldtown White Coffee, where the KAP confers the right to OTAP as the Master Licensee to operate and sub-license the right to operate Oldtown White Coffee restaurants in the Territory of China, Hong Kong Special Administration Region and Macau Special Administrative Region. Mr Lee Siew Heng, the Group Managing Director and major shareholder of Oldtown, is also a director and major shareholder of OTAP. The remaining director and shareholder of OTAP is Mr Chan Koon Hung, Nelson. OTAP will confer its territorial rights for other territories in China to SZKAP as Oldtown and its subsidiairies (“Group”) plans to open more licensed outlets in strategic locations within China. 6.       Interest of Directors and Major Shareholders and Persons Connected with them Mr Lee Siew Heng is deemed interested in the Master Licensee Agreement that had been executed between OTAP and SZKAP. Saved as disclosed above, none of the Directors and/or major shareholders of Oldtown and/or persons connected to them have any interest, direct or indirect, in the aforesaid Master Licensee Agreement and the Agreement that had been executed between SZKAP and Territorial Licensee. 7.       Directors’ Statement The Directors of Oldtown (save for Mr Lee Siew Heng), having considered the execution of the  Agreement, are of the opinion that it is in the best interest of Oldtown Group. 8.       Effects of the Territorial License Agreement The execution of the Agreement is not expected to have any material effect on the earnings or net assets of Oldtown and its subsidiary companies for the financial year ending 31 March 2018. This announcement is dated 30 March 2017.

icy97

中国福建授权开店
旧街场白咖啡前景唱好

2017年4月1日
（吉隆坡31日讯）旧街场白咖啡（OLDTOWN，5201，主板贸服股）将业务拓展至中国福建的举动，获分析员正面看待，但净利贡献料不显著。

旧街场白咖啡向交易所报备，周三（29日）与厦门筷客投资管理有限公司和曾礼彬（译音）签署区域执照协议，授权厦门筷客以“旧街场白咖啡”的品牌，在福建营运咖啡馆。

同时，厦门筷客也有权授权第三方，在当地营业。

合约为期5年，另有连续两次更新5年执照的权利，总计15年。

签约后，厦门筷客必须在6个月内设立、营运和开设首家分店。

另外，厦门筷客也取得北京、广东和上海区域执照的优先权。

丰隆投行分析员正面看待此消息，因旧街场白咖啡持续拓展区域的餐饮事业。不仅如此，该公司也计划近期内，在越南、柬埔寨、香港和澳门签署区域执照合约。

分析员预计，旧街场白咖啡将持续拓展亚洲，主要是借助区域巨大的潜能，以及城市人口不断增加的中产阶级。

尽管如此，分析员认为，合约并不会显著影响净利。

股价已反映潜能

“虽然旧街场白咖啡在国内的咖啡店和快速消费品（FMCG）销售依旧呆滞，但快速消费品的出口增长加速，未来有望显著贡献营业额。”

然而，上涨潜能已经反映在目前的股价水平。

分析员将目标价格上修至2.62令吉，惟将评级从“买进”下调至“守住”，因相信近期的股价涨势，已经反映出净利前景。【e南洋】

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FB LIVE - 消费明星股 ， OLDTOWN

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OLDTOWN: No.1 White Coffee Brand in China, HK, Malaysia & Singapore (moneySIFU)
Author: moneySIFU   |    Publish date: Sat, 6 May 2017, 02:47 PM
https://klse.i3investor.com/blogs/moneymoney/120999.jsp

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末季净利挫46%
旧街场白咖啡全年赚6076万
2017年5月26日
http://www.enanyang.my/news/20170526/末季净利挫46br-旧街场白咖啡全年赚6076万/

（吉隆坡25日讯）由于连锁咖啡店和饮料制造业务表现逊色，旧街场白咖啡（OLDTOWN，5201，主板贸服股）截至3月31日末季，净利按年锐减46%至990万8000令吉，或每股2.19仙。

该公司上财年同季赚1835万8000令吉，或每股4.1仙。

旧街场白咖啡称，连锁咖啡店业务税前盈利下跌，主要是因为营业额减少，及为逾期的贸易应收账项提供坏账拨备。

至于饮料制造业务，则因为销售及经销开支走高，拖累税前盈利减少。

不过，末季营业额却按年提高2%至1亿696万令吉。

派息4仙

合计全年，净赚6076万7000令吉，或每股13.46仙，按年增长16%；而营业额则提高8%至4亿2520万令吉。

同时，该公司也宣布派息每股4仙，包括1仙终期单层股息和3仙特别单层股息。

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	106,964	104,523	425,201	393,406
2	Profit/(loss) before tax	12,588	20,649	80,196	68,221
3	Profit/(loss) for the period	9,727	18,019	60,014	52,272
4	Profit/(loss) attributable to ordinary equity holders of the parent	9,908	18,358	60,767	52,269
5	Basic earnings/(loss) per share (Subunit)	2.19	4.10	13.46	11.66
6	Proposed/Declared dividend per share (Subunit)	4.00	6.00	10.00	9.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.8200		0.8000