Oriental Kopi 3Q revenue up 34%, but costs, tax cut core profit
Oriental Kopi Holdings Bhd reported a 34.2% year-on-year rise in revenue to RM156.6 million for the third quarter, but higher operating costs and an effective tax rate of 30.6% pulled core profit down 5.9% to RM17 million. HLIB Research maintained a 'Buy' call with a lower target price of RM1.17, citing cost pressures from outlet expansion.