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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
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Happy 14th Anniversary + A Free Apple Share for Mr. IPO's fans



Time flies, today is 14 years after I started the Singapore IPO blog on 07.07.07 and it feels like yesterday.

I am grateful for the journey we have walked together, especially for many of you who later became my Facebook Fans. I realised that I didn't blog about the anniversary last year, and probably it is due to Covid stress!

I know I should be spending more time with you but alas, too much work 😫 (when can I retire ...)



Since today is a special day, I have prepared a gift 🍎  for you worth $2,000 ! 😍



If you sign up for MooMoo using my link, or click on the Claim Now below, you will be able to claim this gift (which i am sure you saw it on some other websites too 😂)



To receive the 1 Apple share (which was worth US$142 last night), you need to open a Futu SG securities account from now till 2 Aug 2021 and deposit SGD 2,700 (or USD 2,000 or HKD 16,000). 

My son opened the account (using other people's link 😡）and has already received Apple Share and is now trying to clear the "next level" for NIO by completing 5 trades and Twitter Shares (if you refer new customers).



Futu Holdings Limited (NASDAQ: FUTU)

For those who are not sure who FUTU is, it is a Fintech (something like Robin Hood) by offering a fully digitalised brokerage and wealth management platform. It was listed on NASDAQ on 8 March 2019 at $12 per share and as of last night, has a market cap of US$21b. 
It is also a licensed corporation registered with MAS and holds a Capital Market Services License.

The stock itself is a multi-bagger, from its IPO price of $12 to $147 last night. Maybe it can offer 1 free share of FUTU as part of its membership drive next time.  


For those who really need to know how FUTU is performing financially, it is actually quite profitable and made a US$1b profit last year. 😱 

Now that the Company is on a membership drive, enjoy the free apple while it lasts ! and have a happy anniversary ! 😵 

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