Skip to main content

IPO Chilli Ratings

IPO Chilli Ratings
Click to understand how it works

Featured

Posted by

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 ...
Post a Comment
Read more
Labels
Posted by

Durians Ratings?

Advertorial

When i first decided on the ratings for my IPO blog, durians was definitely on my list of options.

Instead of having 3 Chilli Hot, i can have "3 Durians Pao-Jiak (sure eat)" ratings ðŸ˜‹


But in the end, i choose Chilli as it has a sense of "hotness". 

When Jonah from a Durian Delivery start up contacted me regarding a potential "collaboration" in June, there was a sense of Deja Vu.... maybe it's time to rebrand the IPO ratings ?!  ðŸ˜Ž so in my moment of weakness, i said yes...

Anyway, Jonah reached out recently when the season started and offered a discount for my readers. 
If you key in the quote "mripo" on their website www.duriandelivery.com.sg, you will get a 5% discount. In return, i got to try out some durians. hahaha


I tried the old tree MSW and the regular MSW (Mao Shan Wang) durians.....

Verdict - freshly delivered in sealed boxes and the moisture and texture is still intact when i opened it after one day.


​
Given the glut of supply, I didn't really compare prices, so you will have to analyse for yourself whether it is "value-for-money". 

Happy Pao-Jiaking...
Email Post
Labels:

Comments

Post a Comment