Posted by DickyMe3 > 2022-02-28 19:14 | Report Abuse

"Khazanah Nasional Bhd-backed Farm Fresh Bhd (formerly known as Holstein Milk Company Sdn Bhd),"

GLC = Guranteed Lingkup Company.

Posted by mamatede > 2022-02-28 22:48 | Report Abuse

PE36 for a milk company, where price of basic items all up up up. Even some tech counter also kalah.... not interesting at all, more of a chance for long term investor to take profit only.

Posted by zulhairi > 2022-03-01 00:18 | Report Abuse

where can i get this farm fresh prospectus? cannot find it anywhere on the net.

Posted by warrenchok90 > 2022-03-01 01:10 | Report Abuse

you guys got buy this ipo?? how much price... I don't dare buy ipo...

Posted by MQTrader Jesse > 2022-03-01 08:53 | Report Abuse

Hi @zulhairi, you may check the full report from the Bursa website or you may stay tuned on part 2, we will write down our analysis about this IPO

Posted by Cipta > 2022-03-01 17:16 | Report Abuse

MQTrader Jesse..I am waiting to read your analysis. If can include their profit margin as well as comparison of margin and PE to local peers such as F&N and Dutch Lady will be great.

Posted by kyappc > 2022-03-01 17:35 | Report Abuse

What is the Kyabram Facility ?

Posted by MQTrader Jesse > 2022-03-01 17:51 | Report Abuse

@Cipta Sure, we will add this information into our part 2 analysis blog. Stay tuned ya !

Posted by MQTrader Jesse > 2022-03-01 17:52 | Report Abuse

Hi @kyappc, Kyabram Facility is fully automated, with a control centre that oversees and manages the entire
process flow from the receiving of raw milk to packaging, palletising and exporting to the Malaysian processing facilities.

Posted by InterFund® > 2022-03-01 22:57 | Report Abuse

Got potential to become like SENHENG? All cinapek unload to retailers

Posted by jack2 > 2022-03-02 08:35 | Report Abuse

dont waste time and money on IPO with PE 36. you will be milked like a cow

Posted by ahbah > 2022-03-02 08:45 | Report Abuse

PE 36 ? Look like corn stuff ?

Posted by lavenderong > 2022-03-02 08:52 | Report Abuse

For an IPO, this PE 36 looks way to expensive.

Posted by EatCoconutCanWin > 2022-03-02 08:59 | Report Abuse

Overvalued stock. Holland soon. Selling milk only, few products in markets. Do you think the company annual report is multi million income? Haha

Posted by newbie8080 > 2022-03-02 09:28 | Report Abuse

No IPO proceeds to pare down borrowings?

Posted by MQTrader Jesse > 2022-03-03 08:40 | Report Abuse

IPO - Farm Fresh (Part 2) Analysis & MQ Trader Views
Is Farm Farm IPO worth to apply?

IPO Farm Fresh Part 2: https://klse.i3investor.com/web/blog/detail/mqipo/2022-03-02-story-h1596586016-IPO_Farm_Fresh_Part_2_Analysis_MQ_Trader_Views

Posted by VTrade > 2022-03-03 16:22 | Report Abuse

The company get tax free ?
Compare to competitors

Posted by MQTrader Jesse > 2022-03-04 15:23 | Report Abuse

@VTrade The company is not tax-free company. Farm Fresh has the company has been granted tax incentive (Agricultural Tax Incentive) under MOA and East Coast Economic Region Incentive for income earned from dairy milk processing activities.

As the management disclose, these incentives have led to Farm Fresh incurring effective tax rate in Malaysia of 5.1% in FYE 31 March 2019, 5.8% in FYE 31 March 2020 and 8.5% (excluding impact of the tax reversal of RM 10,490,033) in FPE 30 September 2021, respectively which were lower than the Malaysian statutory tax rate of 24.0% for each of FYE 31 March 2019, FYE 31 March 2020 and FPE 30 September 2021.

For more information regard the tax incentive you may refer Prospectus part 2 pg 292.

Posted by OKU_2020 > 2022-03-13 08:06 | Report Abuse

very good responce IPO
over subscribed nearly 20 X
RM 2 - 3 possible. - another MR DIY

Posted by VTrade > 2022-03-13 14:16 | Report Abuse

All the unsuccessful buyer will push it to rm188-199