Under The Radar

Coffee is on the agenda for us today, with Starbucks Corporation set to unveil its results for the first quarter of fiscal year 2023 today.  According to Yahoo Finance, analysts are expecting an 8.6% on-year improvement in revenue, amid accelerating same store sales and unit growth, as well as a margin explosion.  Aside from the sales figures, it is also an exciting time for Starbucks in the US, with changes to its rewards programme and more. But what is the situation like for operations in Singapore, which is owned by Hong Kong-based Maxim’s Caterers?  How will Starbucks Singapore navigate issues surrounding its relationship with its customers, workers, and fellow industry players? On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Patrick Kwok, General Manager of Starbucks Singapore for more.

In our first episode of Under The Radar, we talk about REIT managers and what’s next as they put their FY 2022 earnings behind them. Our guest for today is from OUE Commercial Reit, which has a property portfolio  comprising approximately 2.2 million square feet of prime office and retail space, and 1,643 upper upscale hotel rooms in Singapore and Shanghai. The real estate investment trust company recently announced their earnings for FY 2022 earlier this week, where net property income increased some 8.6% on a yearly basis to S$103.3 million. And as the travel resumes and borders reopen, we want to find out what’s next for the company in 2023.  On Under The Radar, Prime Time’s finance presenter Chua Tian Tian sat down with Han Khim Siew, CEO of Commercial Reit for more.