$JK.v Enters Singapore Market JustKitchen (TSXV: JK) has entered the Singapore market with the announcement it will be opening its first two ghost kitchens in the region. These two kitchens are the first of 8 that the company has planned to open across Singapore over the next six months.
$JK.v has identified Singapore as a key market as the revenue generated by online food delivery is expected to more than triple from US$470M in 2021 to over US$700M by 2025. Additionally, 92% of Singaporeans visit or access restaurant services at least once a week, which is well above the global average.
This seems to me like another very strategic expansion for $JK.v. Considering how much $JK.v has been focusing on growth and expansion recently, I’m highly anticipating revenue reports and projections from the company.
$JK.v is currently trading at $.8 and is valued at $60.15M.