FPHB exported about 25.5% or 29.1 million of their total sales to Singapore in FY2023 and this market delivers higher gross profit margins of 33.1%. FPHB proudly served Compass Group (Singapore) Pte Ltd for 8 years, a subsidiary of Fortune Global 500 Company listed on The London Stock Exchange, Compass Group Plc. FPHB to secure more customers in Singapore going forward, with the set-up of Sales and marketing office.
listing day is 14 May ... hope wont open too high so retail investors (ie ikan bilis like me) got chance to go in. i believe this counter will do well.. 1st vege biz to be listed on bursa, no play play. this business.. from outside, looks easy.. everyone can get in but in reality, not easy at all to succeed. so, for them to deliver RM8.7 million profit fr selling vege.. no mean feat. they must be doing sth right.. 😎 pls pls dont open too high.. bagi chance.
Farm Price appears to be a promising stock, Many were saying jumping into the vegetable industry could lead to discovering a treasure trove of hidden millionaires.
Hope that I can successfully subscribed Ipo otherwise, I'll have to wait for the open market. My concern is that it might soar too quickly after being listed.
It's okay for those who recognize its potential, but let's not overly promote it. Otherwise, smaller investors might miss out on subscribing and end up having to enter at a higher price later on. T.T
A total of 16,647 applications for 2,077,765,600 Issue Shares with a value of RM498,663,744.00 were received from the Malaysian public, which represents an overall oversubscription rate of 91.35 times.
Fair value given by Institutions (Updated): Apex = 0.42 sen (75% premium) Mercury = 0.29 sen (21% premium) M+ = 0.445 sen (85% premium) PBB = 0.30 sen (25% premium) TA = 0.25 sen (4% premium)
Anyone has luck getting allocated with FP shares? if yes, good for you! i think u shld get the refund in your bank v soon. in reality, though, it's really hard to kena the lottery. take a look at the results (it's uploaded on Tricor website.. public info), unless you apply >1 mln shares... else, macam no need to bother. even if you try for 1 mln shares (that's RM240k in cold hard cash), your success rate is 30% for non bumi and 40% for bumi... and itupun, you get 15,000 shares (worth RM3,600) out of 1 mln shares applied. of coz, this means you get some pocket money on opening. perhaps, better bet is to buy in the open market upon listing... just hope the price is not too high! market pls bagi chance.. i will be watching and waiting to jump in.
btw, just for recap for the the company's background. Farm Price is mainly involved in the wholesale and distribution of fresh vegetables. The company also operates a retail store in Ulu Tiram, Johor, selling fresh vegetables, together with food and beverages products and other groceries, directly to end-consumers.
The company has regional distribution centres across northern, central, as well as southern regions of Peninsular Malaysia, alongside a centralised distribution centre in Johor serving both the Malaysian and Singapore markets.
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Iamchops548
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Posted by Iamchops548 > 2024-04-24 15:16 | Report Abuse
another potential ipo?