Bursa Malaysia listed food and beverage player Oasis Harvest Corporation Bhd, in outlining its strategic direction, said it will focus on targeted acquisitions and innovative operational models to enhance its market presence.
“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,” he said. Oasis Harvest 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 Harvest’s operations.
“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,” Ch’ng explained. “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.”