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Foundation Healthcare Holdings IPO: The Biggest SGX Healthcare Listing Since IHH — Worth Chasing?

Special Edition: Foundation Healthcare IPO Singapore hasn't seen a healthcare IPO of this size in over a decade. Foundation Healthcare Holdings (" FHH ") is looking to raise up to S$242 million at an offering price of S$0.76 per share , implying a market capitalisation of roughly S$1.0 billion — reportedly the largest healthcare listing on SGX since IHH Healthcare's dual-listing back in 2012. Public offer closes 6 July, 12pm , with trading expected to start on 8 July 2026 . Let's dig into what FHH actually does, why parts of the story are genuinely attractive, where I'd want to be careful, and whether the pricing leaves anything on the table for IPO subscribers. The Business: A Doctor Roll-Up With a Tech Layer FHH is a multi-specialty private healthcare platform built on three verticals: Specialists — 108 full-time medical specialists across 16 specialties and 74 specialist clinics as at 31 March 2026, making...
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Mann Seng Metal International Limited

Appeared for "record purposes" only

Sorry, i missed out this one. Not that you missed anything as this is a catalist listing and all the shares are placed out at $0.25 each (no public tranche) and the market cap is $22.5m (ultra small cap?)

The Company was established in Malaysia in the 80s and is now an integrated metal engineering services provider. Revenue for this company grew from RM 43.7m to RM 57.0m and profit before tax grew from RM 4.1m to RM 11.1m from FY2007 to FY2009. The FY 2009 figures are "estimated".

Based on 90m shares and project net profit of RM11.1m, the EPS is around RM 12.33 cents or Singapore or approximately Singapore 5.3 cents. That translate into a listing PER of 4.7x, which is reasonable for a Catalist listing.

The share offer is fair valued and if the company continue to grow in 2010, then the listing price would be considered as "cheap". Assuming the company grow at 20%, the PER will drop to 3.9x.


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