Oriental Kopi Holdings Berhad (Oriental Kopi) is a homegrown café chain operator engaged in F&B services as well as the distribution and retail of consumer-branded packaged foods under its own brand, ‘Oriental’ or ‘Oriental Kopi’.
This IPO entails a public issue of 418.1mn new shares, representing 20.9% of the group’s enlarged issued share capital. Of the 418.1mn public issue shares, 60.0mn will be offered to the Malaysian public, 20.0mn to eligible individuals, and 338.1mn to selected investors. There is no offer for sale.
1. Strong Brand Visibility and Business Growth
2. Dedicated Food Recipe Creation Team and Improved Menus
3. Spearheaded by Experienced Key Management Personnel
At the IPO price of RM0.44/share, Oriental Kopi is priced at a PER of 20.4x FY24 EPS. Giving a 10% discount to the average PE of 18.3x among market players, we assign a target PE of 16.5x to its CY25F EPS due to Oriental Kopi's smaller market capitalisation. With that, we have derived a fair value of RM0.62/share, Not Rated.
Source: TA Research - 9 Jan 2025
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Created by sectoranalyst | Feb 13, 2025
Created by sectoranalyst | Feb 13, 2025
Created by sectoranalyst | Feb 13, 2025
Created by sectoranalyst | Feb 12, 2025
Created by sectoranalyst | Feb 12, 2025
KrebsCycle
Surely will be oversubscribed and low chance for retailers to get it
1 month ago