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 ...
Comments
[[ anonymous 7 ]]
Congrats to anyone who didn't stag MapleTree China only then to find a problem getting hold of enough CRT.
- Shu
Thanks Mr IPO for your expert analysis
All the best for those who got it.
Huat Ah!
Will buy some on open today, anyone selling?
Mr Ipo,
At least you are luckier you still have 4 lots.
Will you be selling and at what price ???
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[[ anonymous 7 ]]
re : Mr. IPO said...
Not selling. I was hoping to get more shares from public tranche to keep for the yield
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actually, given the increase in property taxes, it is wise to collect whatever safe dividends can be found.
S$1000 in property tax means around S$20,000 to S$25,000 in MapleTree China or CRT.
For S$9000 in annual property tax, one has to have around S$200,000 in these REITS / Trusts.
High property prices are no that fun after all, right? Are my calculations correct.
Usually distributions from REIT to Singapore unit holders are free of tax whereas if you own a real property, you have to pay property tax and taxes on rental income.
[[ anonymous 7 ]]
paying property tax (on physical real estate) from dividends from REIT (distributions) is a beautiful arrangement, ... that's what I'm suggesting.