The dividends, which were approved at the Annual General Meeting held on 25 April 2019, will be paid on 28 May 2019. b. For our share price information, click here to visit Singapore Exchange Ltd. The commercial kitchen equipment industry’s lucrativeness is contemplating the market players from household appliances to invest in adjacent product categories. Furthermore, rising awareness amongst the end-use industries regarding the utilization of energy-efficient commercial kitchen equipment is likely to lead to a notable increase in demand for kitchen appliances in the commercial sector. Furthermore, the combination oven improves production capacity, which results in increased profitability and efficiency of the end-use industries. No. Bhd. With this acquisition, Parts Town will become the primary supplier of genuine OEM parts to Smart Care Equipment Solutions. b. There is a growing trend of the foreign QSR chains trying to adapt to local tastes. What is the commercial kitchen appliances market growth? OCBC Share Price, REPL::Extraordinary/ Special General Meeting::Voluntary, Request for Lifting of Trading Halt - Sponsor's Statement, Request for Lifting of Trading Halt::Request for Lifting of Trading Halt, Change - Announcement of Appointment::Re-designation of Independent Director to Executive Director and Chief Investment Officer. The global electronics devices market (including consumer electronics and industrial electronics devices) is expected to be impacted significantly by COVID-19 as China is one of the major suppliers for the raw materials (used to manufacture devices) as well as the finished products. Regional QSR brands are expected to expand with casual dining brand outlets entering new geographies. PROPOSED DISPOSAL OF 60% OF THE REGISTERED CAPITAL OF KITCHEN CULTURE (SICHUAN) CO. LTD. With this foray into the commercial domain, the company is aiming to expand its product portfolio further, currently boasting of a 5.0% revenue share in the overall market for commercial kitchen appliances. The sales of prominent electronic companies is expected to be affected in the near future. Avail customized purchase options to meet your exact research needs. This report has a service guarantee. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. All interactions are confidential. Growing need for food preservation owing to changing climatic conditions is contemplating the end customers to deploy refrigerator with state-of-the-art technologies. Furthermore, with QSRs emphasizing on menu innovation, convenience, and competitive pricing, there is a need for more mechanized commercial equipment in kitchens, thereby driving the market for commercial kitchen appliances. The global commercial kitchen appliances market size was valued at USD 79.72 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2020 to 2027. A cross reference to Form 20-F requirements is included on page 348 of the Annual Report. In 2019, the QSR segment accounted for the largest revenue share of over 20.0%. 12 Jul 2016Annual Reports and Related Documents:: 12 Jul 2016Annual General Meeting::Voluntary, 07 Jul 2016Financial Statements and Related Announcement::Discrepancies between unaudited and audited accounts, 07 Jul 2016Financial Statements and Related Announcement::Auditor's Comments of Accounts, 04 Jul 2016General Announcement::REPLY FROM ACRA ON THE APPLICATION FOR AN EXTENSION OF TIME TO HOLD THE AGM FOR FY2015, 14 Jun 2016Change - Announcement of Appointment::Appointment of Chief Financial Officer and Company Secretary, 12 May 2016General Announcement::Award of Contract, 28 Apr 2016Change - Announcement of Cessation::Cessation of General Manager (Project and Retail, Design Development Division), 05 Apr 2016Change - Announcement of Cessation::Cessation of Finance Manager and Company Secretary, 05 Apr 2016Waiver::EXTENSION OF TIME TO HOLD THE ANNUAL GENERAL MEETING FOR FINANCIAL YEAR ENDED 31 DECEMBER 2015, 01 Mar 2016Full year unaudited financial statements and dividend announcement for the financial year ended 31 December (FY) 2015, 17 Feb 2016Profit warning for the financial year ended 31 December 2015, 15 Jan 2016Change - Announcement of Appointment of Chief Operating Officer, 15 Jan 2016Change - Announcement of Appointment of Finance Manager and Company Secretary, 15 Jan 2016Change - Announcement of Cessation of Chief Financial Officer and Company Secretary, 16 Nov 2015Increase in registered capital of a subsidiary, 12 Aug 2015Half year unaudited financial statements and dividend announcement for the financial period ended 30 June (HY) 2015, 12 Aug 2015Termination of licensing and dealership agreement for Indonesia, 31 Jul 2015Kitchen Culture awarded a contract worth S$1.2 million, 24 Jul 2015Kitchen Culture awarded a contract worth HKD34.6 million, 28 May 2015Change - Change in Corporate Information. The cooking appliance segment is further segmented into cooktop and cooking range, oven, and other cooking appliance. 30 Apr 2015 Annual General Meeting. We are in compliance with GDPR & CCPR norms. Response to Query Regarding Trading Activity. By end use, the market for commercial kitchen appliances has been segmented into quick service restaurants, full service restaurants, resorts and hotels, institutional canteens, hospitals, rail, cruise and airways catering, and others. BHD. Please fill out the form below for a free PDF report sample & Additionally, rising consumer spending on tourism and the hospitality sector is encouraging restaurant owners to upgrade their infrastructure and offer enhanced services. The global commercial kitchen appliances market size was valued at USD 79.72 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2020 to 2027. Environment Protection Agency (EPA) proposes the foodservice industries to utilize refrigerator certified with R-290 (refrigerant grade propane) as it is natural, non-toxic, and free from ozone-damaging properties and reduces the overall energy costs by around 28.0%. With the growing tourism, the fast food franchises in this region are adopting variation in the restaurant menu by including a diverse range of food items belonging to local culture as well as other parts of the world. Furthermore, a large number of cooking appliance manufacturing companies are focusing on strategic partnerships and mergers & acquisitions to gain a competitive advantage over their customers and expand their end-customer reach. Price Targets with Substantial Upside / Downside Potential, Average Target Price & Fair Value Recommendations, STI Constituents Price Targets & Stock Ratings, Price Target with Substantial Upside/Downside Potential, Latest Share BuyBack On Market Transactions, Upcoming Dividends / Rights / Share Entitlements. In addition, supportive government regulations promoting energy-efficient commercial kitchen equipment are expected to escalate the sales of commercial kitchen appliances, thus curbing energy consumption. LTD. Furthermore, the ferry and cruise and canteens are adopting a menu that is suited to other local cultures and ethnic foods from various countries, which, in turn, is anticipated to boost the demand for commercial kitchen appliances in the region.
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