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wrong timing to come onboard...as an IPO
So far, no news coming in (from my remiser) to support this IPO lehh......
small volume, low PE, price will be driven by supply and demand
hmm will save my $2
Curry puff...oh dear! Plenty good ones around S'pore and can be copied easily! Can survive lah, but not easy to make it really BIG! Cheers!
Chinese 4 pointers tat cannot live w/o, chi [eat], he [drink], zhu [living], xing[transportation]....it is pretty smart to get listed. Familiar brand.China has IPO raise for Peking Duck, so is S'pore.Haha, not a bad idea inspite of price increase
, ...makan business never die off, revamp is necessary
Thats why they need to be listed! They need the money from the IPO to revamp and enter new markets
One is curry puff stalls, another is bread shops, u think lohh....Me tink tink shop is better, stalls must be revamp then can do lohh...change name to pufftalk may sound better.
A Far sighted management is important too. Is there someone like Mr George Quek in Old Chang Kee as well?
Old Chang Kee recently raised prices on their store items, so 2007 profit should be a modest increase from 2006. But some customers may not be happy and boycott later since you can get substitutes easily from other places.
But could their main earnings driver be China. Then again, the chinaman know how to copycat Old Chang Kee products easily and sell cheaply. No patents for protection.
Is Old Chang Kee another Breadtalk? Check out their stores. One is chic, the other so auntie. You guess which is which? No prizes for the correct answer.
I see Old Chung Kee like another Breadtalk. Any views?
The curry-puff maker is headed for an IPO. The food and beverage group announced Fri that it has lodged its preliminary prospectus with the MAS, and intends to list its shares on Sesdaq.
In its prospectus, it said proceeds from the IPO will be used to expand its overseas operations, as well as increase and upgrade its S'pore retail outlets. It also wants to expand through strategic alliances, acquisitions, joint ventures and franchises. The rest of the money will be used for working capital purposes.
The group's product portfolio consists of over 40 products, including snack items such as curry puffs, spring rolls and fish balls under its flagship brand name 'Old Chang Kee'. Last year, the company and its subsidiaries recorded net profits of $3.04m, a 5.3% decline from 2005's profit of $3.21m. Revenue was $33.8m last year, up 16% on the $29.05m in 2005.
Westcomb Capital is the manager and Westcomb Securities is the underwriter and placement agent for the proposed listing.