$JK Breakdown With ghost kitchens becoming more of a household name, especially during the pandemic, I’ve been following some companies I think stand out in the space and have the potential for exponential growth. The one that has stuck out to me is $JK or Just Kitchen, who operates a network of ghost kitchens in a unique hub-and-spoke model, enabling its delivery-only food brands and partner restaurants to reduce production and overhead costs, maximize efficiency, reach more customers, and increase sales volume.
They most recently announced that they have entered into an agreement to collaborate in the Hong Kong market with Foodpanda, which is the dominant customer food order fulfilment platform in the region and a global online food and grocery delivery brand. As well, they signed a Hong Kong-focused collaborative agreement with Zeek, which provides smart logistics with integrated on-demand delivery services for Hong Kong and Southeast Asia.
Plus, $JK announced they’ve secured its second ghost kitchen location in the Mid-Levels residential area of Hong Kong following the successful opening of its North Point location in mid-June.
With the ghost kitchen market expected to grow from $111 billion to $154 billion in just two years, I am extremely bullish on $JK ‘s potential to lead the pack not only in Asia, but globally as well.
MC is $96.86M.
https://investors.justkitchen.com/press-releases/justkitchen-signs-collaborative-agreements-with-foodpanda-and-zeek-to-reach-more-on-demand-customers-in-hong-kong/