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Just Kitchen Holdings Corp V.JK

Just Kitchen Holdings Corp. (JustKitchen) is a cloud kitchen meal preparation company with operations in Taiwan, Hong Kong, Singapore, Philippines, Malaysia, and Thailand. The Company specializes in the development and marketing of proprietary and franchised delivery only food brands for customers and businesses. JustKitchen combines this hub-and-spoke operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company’s other business, JustMarket, is an ecommerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen. The Company has developed its own signature menu items under various brands, including Hot Ones, Just Chicken, Boba Mania, go Leane and Bodyfit. The Company's subsidiary is JustKitchen Co. Ltd.


TSXV:JK - Post by User

Post by Justdosomeddon Oct 24, 2022 1:33pm
118 Views
Post# 35044230

The Next Generation of Food Delivery

The Next Generation of Food Delivery
The delivery-only model has exploded over the pandemic, and demand continues to remain strong due to people’s willingness to save time rather than go out to eat. With a delivery-only model, kitchens can expedite the time it takes to order and receive food while having specially created dishes meant for delivery. This increases customer satisfaction and maximizes re-ordering potential due to the convenience factor. Not only are they built especially for delivery convenience, this kitchen also allows for a wide variety of different restraints/brands to operate under the same roof, creating an entire ecosystem of brands.
 
$JK.V is a company that’s rapidly expanding across Asia with its hub and spoke delivery-only kitchen model. More recently, they’ve just secured further brand licensing and rights to MrBeast Burger, among a number of other celebrity brands. With the continued success of their MrBeast Burger brand in Taiwan, I’m sure that the licensing deal will be extremely beneficial for $JK.V’s growth. Beyond this recent deal, $JK.V has been rapidly expanding into new markets. For example, they've recently expanded into Thailand with an agreement with GrabKitchen. Additionally, they also have a proprietary software that they're able to license to other ghost kitchens to help diversify $JK.V's business outside of just food delivery.
 
With $JK.V being one of the most undervalued on the market, the $7.5M market cap represents a significant upside. Furthermore, the RSI of just 31 displays the oversold nature of the stock.
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