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Optical is clearly the Group’s main value creator for now, and the numbers already prove that through its record revenue and earnings in recent quarters.
As for F&B, the retail side is actually holding up reasonably well. The bigger drag has mainly come from the B2B side, which is a different model and naturally takes longer to scale.
Accumulated losses in F&B are also not unusual when a business is still expanding. That is quite normal for this type of segment, where upfront investment comes first and earnings only improve once scale kicks in.
So to label it as outright value destruction is too simplistic. A fairer assessment is that optical is carrying the Group today, while F&B adds diversification and longer-term upside. Once the B2B side improves, the earnings contribution from F&B should look very different.
ya but LSH had already won multiple times with the judge dismissing the claims against LSH, i think the most the most the previous operator can claim is from the govt instead of LSH
