Food Innovators Holding Limited
Food Innovators Holdings Limited ("FIH" or the "Company") is offering 14m shares at $0.22 each, for which 13m shares will be through placement and the remaining 1m shares via a Public Offer. The IPO will close on 14 Nov at 12 noon and starts trading on 16 Oct 9am. FIH has two business models - the first is to be a master lease and sublease the space to other tenants and the second is to operate and manage restaurants. The Company currently has 12 restaurants in Japan, 10 in Singapore and 4 in Malaysia. The market cap based on the IPO price is around $24.9m. Financial Highlights FIH's revenue grew from $37.8m in FY2022 to $43.8m in FY2024. It is quite funny to see that being a master land lease holder has a higher margin than operating the restaurants, once again illustrating the point that it is better to be a landlord to shake leg and collect rent. According to the prospectus, the PER is around 19x. The Company intends to pay 20% of its net profit after tax a
Comments
Construction Companies Australia
I have posted the following comment elsewhere on this blog, but I thought I would post it here under the "IPO famine" post.
It seems a good place to repeat the comment given below. During this IPO famine, perhaps one could spare a few moments for bonds.
Bond IPOs are quite a new thing, the closest one being the DBS Preference shares IPO.
I think SGX may be getting interested in infrastructure bonds, and for those who don't mind malaysian corporate bonds, there are also some in the pipeline.
May I therefore repost the comment made elsewhere in this blog, without anyone thinking this is spamming.
--------- Comment is :
Some comments :
I wonder if readers have any interest in bonds.
Bonds is not something typically of interest to investors.
However, given the supposedly large foreign interest in asian bonds, it may do for everyone to pick up a couple of bonds. This for obvious reasons.
It is unlikely such couple of bonds would make anyone rich, but will provide a steady flow of loose change that may be useful for small but essential purposes.
No-one should have any doubts of the effects of all this money printing (western central banks). And if anyone has doubts, see :
http://malaysiafinance.blogspot.com/2012/12/equities-new-bull-run-started.html
Perhaps a handful of asian bonds will be a good idea for the portfolio. Again, the reasons are so obvious they need not be stated.
Hopefully, everyone would consider it and mention it to their brokers. There should not be insurmountable difficulties in doing IPOs for bonds, in the same way IPOs are done for shares.