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
huat ar!
Thanks for the explanation of goat, sheep, and ram.
Happy CNY to you.
Rolf
Nice post but I wonder for years and years, human have place more faith in external objects outside of themselves more than their god given abilities to achieve what they truly want in life.
And the belief created a multi billion dollars markets for many signs and stuffs that predicts one fortune, relationship and even power in life.
For a little fun sake, I think it is ok if one subscribe to what the goat year has map out for them but take it with a pinch of salt. But if one is serious about their destiny this year and beyond, they should evaluate their options carefully.
Happy new year !