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
I have been following your blog for sometime. This time you have missed the target somewhat ... but your assessment have been right MOST OF THE TIME.
On the whole I have benefited from your sharing and this time I lost a bit. I do not put the blame on anyone especially you. Please do not feel sorry or blame yourself.
I continue to look forward to your writing and thank you for your efforts.
Your sincere reader
Jia You!!
It is sad that people take your post for granted and request for it when you don't have an obligation to do so.
Thank you!
I am a small time investor. And I also learnt that individual have to do "own research" for all investments. It will be unfair to blame you for a wrong judgement/analysis (which is rare). Even paid financial advisers also sometimes gives crappy advises; who is to blame "free advise/analysis"?
Please keep up the great work. Much appreciation from me.
I would like to chip in to let you know that you shouldnt feel bad. People should go in knowing it's never a sure thing.
Your analysis and effort to share your picks allows me the freedom to freeload off your knowledge, which is what most of your readers do anyway.
Dont need to feel bad lah bro, we win some, we lose some. My own research would not have ended up in me making a different call anyway.
Money can always be made back. Will be looking forward to your next write up!
P.S. in the meantime, you think i shld dump the counter at its current price?
Your posts so far have been good. Keep it up ! Cheer :)
Mature readers of your blog should be aware that no one is 100% correct all the time. So, do not be too hard on yourself.
I have benefited from your analysis, and had never expected you to hit on the spot every time. So, please carry to the good work. Hiccups are to be expected in life.
Support!