Puchong?

They started at JB, went into Klang valley during pandemic, then go all out during year 2022 by entering shopping mall. They are successful because old town and pappa rich is shit.

I tried the puchong one, food quality is good, the shopping mall i didn't bother to queue for it. The pricing is yahudi, one cup of ice coffee is about RM9

Majority of Old town earning derive from selling their instant coffee sachet, itu kopitiam is franchise business, also help to do promotion and marketing.

Correct what 20mil profit after taxation for FYE 2023

I think can go up, this kind of retail still got growth.

1. Expansion into Singapore market, Penang where spending power is strong.
2. Target instant coffee and other merchandise item, tourist especially mainland chinese, their ultimate motive is to do up the branding matching with old town coffee, so every tourist will buy back their instant coffee, same like how Oldtown was so famous in China.

Average each outlet contribute about RM1mil revenue per month, daily sales about RM33k.

comparing with old town and papparich, oriental food quality is miles better