Seasons Greetings - Happy Chinese New Year !

Posted by Mr. IPO October 13, 2024

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

2018 is the year of the Earth Dog and according to this website, this are the famous personality dogs 😂 , interesting to see two famous singers, Madonna and Michael Jackson both "earth dogs":

The local IPO market was originally off to a good start in 2018 . . . but the recent market volatility probably shut the IPO window for now, and when it will re-open will depend on how US markets pan out in the next few weeks.

Now that we have going to have a few days off, here's wishing all readers a Happy Chinese New Year and have some time off to Give, Rest, Gamble and Eat (repeat) during this period but don't forget to spend some time with your loved ones and plan for your financial well being. Happy 旺旺 year !