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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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Kitchen Culture Holdings Ltd

Kitchen Culture Holdings Ltd is offering 17m new shares at $0.30 each via placement for a listing on Catalist. There will be no public offering and the offer will close on 20 July 12pm.


The Company specializes in the sale and distribution of a wide range of premium imported kitchen systems, appliances, wardrobes systems, household furnishings and accessories from Europe and USA. The company works closely with developer to market "higher-end" residential projects. 


Revenue for FY10 reaches $31.2m with a net profit after tax of $4.3m. The Company intends to distribute at least 20% of its net profit for FY2011 and FY2012 as dividends. EPS on fully diluted basis for FY2010 is 4.3 cents and if the payout is 20%, the DPS will be 0.86 cents and based on the IPO price of 30 cents, the yield is around 2-3%. Assuming the service agreement was in place, the listing PER based on historical 2010 results will be around 7.7x. The market cap at listing is around $30m. Prior to listing, the company has already 'distributed' its cash to its shareholders for FY2010 of approximately $4.6m...  (this is called milking it dry and then list it...which is not uncommon..).


Since there is no public offer, i have no further comments on the company. All the best to the two brothers who managed to list the company on Catalist. At IPO, the share price is fairly priced and the dividend yield may provide some attraction to investors seeking a better yield over the low bank rate.
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trade4target.com said…
Hey, very nice site. I came across this on Google, and I am stoked that I did. I will definately be coming back here more often. Wish I could add to the conversation and bring a bit more to the table, but am just taking in as much info as I can at the moment.

Thank You
trade4target.com
9 August 2011 at 17:54
trade4target.com said…
Hey, very nice site. I came across this on Google, and I am stoked that I did. I will definately be coming back here more often. Wish I could add to the conversation and bring a bit more to the table,but am just taking in as much info as I can at the moment.

Thank Youtrade4target
10 August 2011 at 17:36
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