Caught up with Andrew Tjioe, Chairman of Tung Lok, at a wedding over the weekend. He mentioned that his latest concept restaurant Duckland, which serves a mix of Chinese and Western duck dishes, just opened for business in United Square. Go check it out!
While there are certainly many good places to eat in Singapore, I find it hard pressed to find a good listed restaurant to invest in. There are some inherent challenges like high rental and staff costs. Chefs are also infamously difficult to manage. Valuations are not attractive, with a few of them recording losses or marginal profits.
Incidentally, there is a front page article on Business Times which spells out the difficulties Thai-listed Minor International faced after buying over Thai Express back in 2008. Co-founder of Thai Express Dellen Soh had to be recalled to shake things up.