KUALA LUMPUR: Oasis Harvest Corporation Bhd is steering its growth strategy toward targeted acquisitions and innovative operational approaches to strengthen its foothold in the food and beverage (F&B) industry.
Executive director Ch'ng Eu Vern said the company is shifting from its previous focus on palm oil machinery to becoming a dynamic player in the F&B sector.
"Our vision is to establish Oasis Harvest 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 stated.
In July, the company officially rebranded from Dolphin International Bhd to Oasis Harvest, signalling its commitment to redefining its identity and aligning with its new focus in the food and beverage industry.
It currently manages the Uncle Don's restaurant chain, which boasts 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 per cent to 15 per cent, these brands have become key contributors to Oasis Harvest's operations," it said.
The company said as part of its growth strategy, it 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."
"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," Ch'ng said.
Ch'ng added that adopting a cloud kitchen model enables Oasis Harvest to ensure consistent food quality while minimising reliance on a large culinary team.
This approach allows for streamlined, scalable operations that align with current market demands.
He also noted that the company's financial performance will now be solely driven by its F&B operations, as the palm oil machinery segment has been completely divested.
"The new management has restructured our business entirely around F&B, and while previous years' results may not be directly comparable, we are confident in the growth potential of our current focus," he added.