Robust growth spurs Taiwan dining firms’ market entry

TAIPEI (TVBS News) — Three major food service companies in Taiwan, Jhu Jian Group, Family International Gourmet Co., Ltd., and Mercuries F&B Co., Ltd., are set to debut on the emerging stock market (ESM) next week as the local dining industry recovers post-pandemic.

Jhu Jian is scheduled to join the Pioneer Stock Board (PSB) on Dec. 21, with plans to transition to ESM trading by Jan. 2, 2024.

Buoyed by the industry's resurgence, Jhu Jian Group's revenue for the first ten months of this year has already surpassed the entire previous year's earnings. Projections indicate the group will expand its presence in Taiwan to 175 outlets by year's end, a significant increase from 134 last year.

Family International Gourmet Co., Ltd. will also debut on the emerging stock market on Dec. 21. The company operates 65 restaurants across Taiwan and has seen a robust 28.4% year-over-year revenue increase in the first eleven months, reaching NT＄1.992 billion, with an earning per share of NT＄1.66 in the first half of the year.

Mercuries F&B Co., Ltd. will enter the emerging stock market on Dec. 22. With approximately 400 restaurants in Taiwan, the company reported impressive revenue of NT＄5.229 billion in the first eleven months of the year, marking a 10.82% increase from the previous year, and an earning per share of NT＄ 2 in the first six months.

These listings signify a robust recovery and growth in Taiwan's food and beverage sector as consumer confidence stabilizes post-pandemic.

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