Luckily got some from Mr. MITI

Here goes, 4 days till closing

I personally think "washing-off" black money through IPO (via MITI ) is not wise thing to do. One too many paper trails.
Then again acquiring black money is dodgy in the first place.

This post has been edited by chikanot: Feb 24 2022, 07:08 PM

https://www.theedgemarkets.com/article/farm...adjusted-profit

RHB has already open for application. Not yet in M2U.

Thanks for the advise

Best of luck

Those post is a tad misleading also, FF did stated somewhere in the prospectus that their fresh milk supply is never enough and they do source it out from 3rd Malaysian party farmer. Fresh ~ pasteurized but not dehydrated; FF mission is to process milk from farm to shelf within 48 hrs

The imported Aus process milk is most likely utilized for their UHT, Kurma, Chocolate, Coffee which do not require refrigeration.

Buying or not? for me IPO is a probability game, the pass 2 years IPOs, 80 percent-ish went up on the first day. Yes, I did loss my ass off on Sen Heng but Siab, Coraza, Swift, Atech, Ctos etcs should handsomely covers that. The stop limit button is there for a reason…..

*Initial Public Offer*
*Farm Fresh Berhad (5306)*
*Target Price: RM1.75 (Buy)*
We initiate coverage on Farm Fresh Bhd (FF) with a Buy recommendation and TP of RM1.75 based on 28x CY23 earnings. We like FF for i) being the Malaysian leading integrated dairy group, ii) having recognised brand built on distinct fresh milk proposition, and iii) operating extensive multi-channel network for optimal market penetration. We are also positive on FF’s plan to expand capacity across its value chain alongside goal of penetrating into new regional markets i.e., Indonesia and Philippines.

https://taresearch.taonline.com.my/rrs/file...PO_20220307.pdf

It should be way before 21st March to know the results. Ballot is on 11th

Seems like bumi fellow is not applying much

and cornerstone investor is absorbing 100mil-ish share from MITI approved Bumi investor

This post has been edited by chikanot: Mar 11 2022, 07:45 PM

Abeh lah bomoh fb ngan viral je berita sahihnye

Not in luck, 100-900 pon 1 in 5 chance to get allocation

1.70 Opening

Sold huge chunk of it at opening price

Will be an interesting comments from doomsday preppers later on

Thanks!
Need to cover back SenHeng also 😂
Gaji lubang then have to cover it back also