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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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JK Tech Holdings Limited

For records purpose only


JK Tech Holdings Limited ("JK Tech" or "the Company") placed out 10m new shares at $0.20 each for a listing on Catalist.  The offer closed on 10 Nov 2011. 


The Company is a one stop provider of IT products, services and solutions to companies. It reported a revenue of $19.8m for FY2011 with a net profit of $2.7m. The EPS based on the enlarged post IPO share cap was 4.08 Singapore cents. That translate into a listing PER of 4.9x. The market cap post listing is only $13.27m, ultra small cap company.


Just a note of caution: For ultra small cap company like JK Tech or Libra, the free float is actually very small. Imagine the number of shares for free float is 66.4m x 30% = 19.9m shares. At 20 cents, the free float translate into $3.98m value. In other words, the founders just need to find 10 friends to take about $400k each to absorb the free float and push up the price thereafter. That is why you see wild swings in prices of such stocks if they are being targeted by speculators. The name of the game is 'dont be the last one holding the baby'. 
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Ren said…
Haha, true. Don't be the last to hold the baby.
20 November 2011 at 20:58
Dennis The Menance said…
While Jf Tech Holding may be a good company. I do Not believe that it is anymore than an average stock as far as expected returns go. I would invest in a company called PFS web Symbol {PFSW.} The Company provides business process outsourcing and ecommerce solutions in the United States, Canada, and Europe. The stock trades around 3.30 a share.
7 December 2011 at 03:51
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