Eh no one notice Farm Fresh IPO here? The shareholding structure of Farm Fresh and its shareholder is so messy to understand them.

usually all the shares hold by own companies

Another crony company and Serba Dinamik in the making

What do you mean. Besides a government body hold some percentage of share. Farm Fresh does not look like keep having projects and long receivable tenure. But, I would like to know more as I am interested to this company as well.

The actual IPO date is not confirmed yet right?

Bought their fresh milk, twice are sour. Boycott them for life.
Most probably poor handling.

4 October 2021 only posted...

late by 1 day only...

not daily/hourly basis we go lurkingaround for draft prospectus....

Basically a tongkat company looking to cash out

Red flags as the business supposed to be stable but buying it is another cowgate in the making

So not worth to invest Farm Fresh?

Well I do buy their product la, not so bad as others claim.
But not so sure about this Khazanah back IPO is a good thing or not.
Need some pros to share their thoughts too

Firstly it supposedly to be cash cow if runs properly with steady dividends otherwise why on earth Khazanah is cashing out which is ready red flags

Too many negatives as you will know once you buy into their stories company like these especially local consumer discretionary not worth putting your money

If you want companies like these better off putting into banking and oil sectors atm for better growth

I think initially Khazanah invested into FF via Commerce Asset Ventures (CAV) way back pre 2002 before having direct interest in FF thereafter, i guess it is about time for them to cash out after having invested for the longest time.

For food security reason and their good sustainability/ESG practices i do feel FF di have good potential.

But cash out means they are selling some % of their shares to become money. Not sure who is the new buyer. Then, Khazanah will have less power on FF decision making.

Oh really...
Care to explain the good potential....
I'm interested to know more about it....

Probation Member joined today & first post is about FF IPO 😬

https://www.channelnewsasia.com/asia/malays...e-johor-2228266

background story

P member gone MIA already...
😬

Just to shore up the story only

If Farm Fresh they would have started long time of exporting baby milk formula to China instead of doing what they are currently

Do youself a favor, don't bid for IPO, not worth it


This post has been edited by hybr1d3d: Oct 13 2021, 12:39 AM

They’ve commanded a high market share in Malaysia. Question you should ask is how they’ll be using the IPO proceeds to expand to newer markets. Is there a market that is large enough there? Will this be another issue like how Fonterra failed before in India? (I think they reentered the market.)

Sorry for the late respond. Anyways, this is just my 2 cents opinion (not an investment advice), please read FF draft prospectus (available at SC's website) and/or seek professional advice and do your own assessment.

Industry/market overview
1) Fresh milk supply in Malaysia is still not enough (also shortage for other countries in the region)
2) Our milk pricing is one of the highest in the world due to 1) above
3) due to 1) and 2) above, new players like Felda and a few foreign players are looking to or have started to invest into dairy farm in Malaysia

FF's strength
1) really fresh milk from local farm in the country, their commitment of delivery from farm to market within 48 hours is commendable as compared to imported "fresh" milk
2) they have their own delivery system/logistics consisting of retailers and agents (including small players like housewives, single parents, etc.)
3) still expanding by opening new farms near Taiping and yet to expand overseas
4) strong market share in Malaysia and still growing
5) currently profitable with potential for dividends going forward
6) FF have their own hybrid dairy cows (suited for local weather) and they owned a cow genetic company in Australia
7) yet to fully diversify their portfolio of offerings/products

Demand for FF shares
1) those investors which like to have sustainability related shares would look out for companies like FF (please read FF's write up on sustainability in their prospectus)
2) major local funds would take up FF shares since there not many (or even non existent listed local dairy farm)
3) being in agri and food business coupled with focus on food security, this makes FF shares strategic in nature

Challenges for FF
1) since milk is not enough here and pricing is good, many new entrant will come in and compete
2) cost of feed is not within their control totally, still need to import
3) manpower, not enough capable dairy farmer around cause it is hard work and need to be passionate with the work

Nice 👍
Very clear written...
Would lurkingaround the prospectus...