MAIN Board- listed food & beverage (F&B) player Oasis Harvest Corporation Bhd (formerly Dolphin International Bhd) has unveiled its strategic direction in the F&B industry by focusing on targeted acquisitions and innovative operational models to enhance its market presence.
As it is, the group is fully committed to transitioning from its former operations in palm oil machinery to a dynamic F&B-focused business, according to its executive director Ch’ng Eu Vern.
“Our vision is to establish Oasis as a leader in Malaysia’s F&B sector. We are actively exploring acquisitions within the F&B space, focusing on brands that will complement and strengthen our existing portfolio,” envisages Ch’ng.
This shift in focus follows a change in Oasis’ shareholding structure earlier this year as new major shareholders brought a renewed vision for the group’s future in F&B, prompting the re-branding from Dolphin International Bhd to Oasis Harvest Corp Bhd in July to reflect its commitment to re-positioning in line with its new core business.
Oasis currently operates two brands: the Uncle Don’s chain which has a solid presence with 20 outlets across the Klang Valley and Verona, an Italian restaurant in Petaling Jaya.
With monthly revenues of RM700,000 to RM800,000 and profit margins of 10% to 15%, these brands have become key contributors to Oasis’ operations.
As part of its growth strategy, Oasis is considering the efficiencies of a cloud kitchen model to expand its F&B footprint.
“The cloud kitchen concept allows us to operate multiple brands from a single location, streamlining our operations and focusing on delivery services without the need for large physical outlets,” enthused Ch’ng.
“This approach not only reduces operating costs but also provides the flexibility to cater to a wide range of consumer demands, including self-order kiosks, in a cost-effective manner.”
With a cloud kitchen model, Oasis expects to maintain consistent food quality while reducing its dependency on a large culinary team, thus ensuring a streamlined, scalable operation that meets today’s market expectations.
This direction aligns with the groups commitment to building a more efficient, technology-driven F&B business that remains adaptable to both customer needs and industry trends.
Moving forward, Oasis financial performance will now focus solely on its F&B operations as its palm oil machinery segment has been fully divested.
“The new management has restructured our business entirely around F&B whereby while previous years’ results may not be directly comparable, we are confident in the growth potential of our current focus,” projected Ch’ng.
At 3.13pm, Oasis was unchanged at 13.5 sen with 2,000 shares, traded valuing the company at RM20 mil. – Dec 13, 2024
