Justdosomedd wrote: ven as COVID begins to fade and life returns to normal, food delivery demand remains high due to the convenience factor. Instead of cooking or waiting for food for an hour, we can have it delivered right to our doorstep without any inconvenience. This is why ghost kitchens have begun to pop up around to world, as they’re able to host dozens of brands under a single roof and really optimize delivery times while keeping overhead costs low as they don’t need to manage a storefront/have expensive rent in a prime location.
https://www.14news.com/2022/10/10/ghost-kitchen-industry-expected-continue-grow-many-kitchens-located-evansville/?outputType=amp
$JK.V is a rapidly-growing ghost kitchen company with locations in Taiwan and in numerous countries around the APAC region. Beyond their locational footprint, they also have a number of high-profile brands, including MrBeast Burger, BistroRyu, and others created in partnership with celebrities, popular chefs, or famous brands. With the recent margin improvement efforts, I’m sure that the next financial report will display a promising outlook for the company as they transition out of the rapid growth stage.
Overall, the current valuation is definitely lower than it should be. Only a $9.5M market cap and considering the revenue numbers and improving EBITDA, the recent price action is beginning to give signs of upward momentum as they continue to break resistance levels.