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NRA recommends giving this IPO a miss or at best a stag due to small float, competitiveness in local food retail business and limited opportunities for expansion.
Valuation is unattractive at 3.9x price-to-book. The shares are valued at 11.2x FY05 PER and 10.6x FY06 estimated PER. Unattractive compared to Apex-Pal (9.8x) and Food Junction (11.8x).
It's offering 26 million new shares at $0.21 each for its IPO, looking for $4.4 million in net proceeds for expansion, domestically and regionally.
The food is good ... especially the soups and the samsui chicken.
if you want your investment to turn into soup buy this counter.
Hi guys, what do u think about this counter?? Have you been to the restaurant. Is the food nice??
