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 IPO : Farm Fresh Berhad

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SUSxander83
post Oct 5 2021, 02:22 PM

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QUOTE(JLZH @ Oct 5 2021, 12:34 PM)
Eh no one notice Farm Fresh IPO here? The shareholding structure of Farm Fresh and its shareholder is so messy to understand them.
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Another crony company and Serba Dinamik in the making doh.gif
SUSxander83
post Oct 5 2021, 07:09 PM

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QUOTE(rocketm @ Oct 5 2021, 04:11 PM)
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?
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Basically a tongkat company looking to cash out doh.gif

Red flags as the business supposed to be stable but buying it is another cowgate in the making doh.gif
SUSxander83
post Oct 6 2021, 02:27 AM

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QUOTE(westernkl @ Oct 5 2021, 11:54 PM)
So not worth to invest Farm Fresh?
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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 doh.gif

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 doh.gif
SUSxander83
post Oct 10 2021, 10:37 PM

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QUOTE(nexona88 @ Oct 10 2021, 08:16 PM)
P member gone MIA already...
😬
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Just to shore up the story only doh.gif

If Farm Fresh they would have started long time of exporting baby milk formula to China instead of doing what they are currently
SUSxander83
post Feb 12 2022, 02:17 AM

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QUOTE(Boon3 @ Feb 11 2022, 10:38 PM)
Don't bother giving logical advise....

It's ipo..folks will buy thinking all ipos will go up and if the ipo fails... then they start their blame game.
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Will be another Senheng or lucky another Swift haulage doh.gif

QUOTE(reeve-826 @ Feb 12 2022, 01:29 AM)
How much we can buy per IPO application?
Will it become harder if apply in high value ?
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You can apply as much as you can afford by cash only thing whether you get the ballot or not
SUSxander83
post Feb 16 2022, 05:21 AM

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QUOTE(BahBahBlack @ Feb 16 2022, 02:29 AM)
DL hasn’t been doing well for the past few years as their revenue/profit growth has been stagnant. Also their profits are not re-invested for expansion too (majority is paid out as dividends )

FF on the other hand is currently reporting a 2 year growth 65.89% CAGR and downline 14.91%.. Also they have their own cows and multiplying in assets every year.

Still on the fence tho, I also prefer US market for its better growth and profits potential, but keeping an eye out locally cause of all the recession bells going on
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If you worried then why bother looking at it doh.gif

The company is doing badly the past few years which is why Khazanah is trying hard to disposed it and looking for suckers to bite it doh.gif

Don’t expect super growth prices as milk prices has been declining around the world due to oversupply, alternatives and cost of production doh.gif
SUSxander83
post Feb 17 2022, 04:52 AM

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QUOTE(Boon3 @ Feb 16 2022, 09:48 AM)
Hahahaha.... you also interested meh?

Saw their past few years profits. Profits growth had been impressive. Not bad.

but then... it's an ipo....  laugh.gif
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MOst likely cooked up books prior to listings doh.gif
SUSxander83
post Feb 17 2022, 04:55 AM

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QUOTE(BahBahBlack @ Feb 16 2022, 10:34 AM)
I typically invest about 2-5% per stock of my portfolio only unless blue chip, so no worries. As l said looking at local market atm as US market recession bells are ringing.
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Who knows Malaysia might be in depression instead doh.gif as long as the govt is not legitimate at most doh.gif

US is not in a recession but an overvaluation market which tend to be corrected by using rate hike so don’t read too much of the news put up by Biden cronies just like what happen in Ukraine doh.gif
SUSxander83
post Feb 19 2022, 02:48 AM

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QUOTE(Boon3 @ Feb 18 2022, 10:07 AM)
LOL! Looks like we are so wrong. It's not 1 billion! It's 2 billion!

What? we no look up Farm Fresh ah?

tongue.gif

https://www.theedgemarkets.com/article/farm...ed-say-analysts

when these scientists talk about this and that and sounding like an insurance salesman, better not see....  cool2.gif
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REMemember it forced divestment with other GLC picking up the losses as Khazanah need to make the books look clean doh.gif
SUSxander83
post Feb 23 2022, 03:21 AM

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QUOTE(hovercraft97 @ Feb 22 2022, 07:28 PM)
to be frank.. im not sure wanna proceed with this iPO or not.. anyting above rm1.00.. its risky now.. with the Russia and Ukraine crisis...

not yet decide whether wanna proceed or not....
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In fact very overprice valuation from it anything above 1.20

Looks like it will be falling on day 1 to that level with 1.35 overprice
SUSxander83
post Mar 2 2022, 04:56 AM

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QUOTE(tehoice @ Mar 1 2022, 04:52 PM)
hahaha no idea la, i didnt hear this from my fellow IB groups people talking about this.

but likely skipping this one.  bye.gif
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It is through Alcea Rosea albeit small stake this time for Creador doh.gif

QUOTE(nexona88 @ Mar 1 2022, 08:34 PM)
Lolz...
Change of Investment strategies ahh 😜
Since nowadays even noobie knows if they involved in Pre-IPO.. then would fly like Mr. DIY 😬

On serious note...
It's like more to attract water fish to subscribe the IPO 🧐
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Seriously it was under 1.20 it will be BBB but at 1.35 expect to picked it up under on March 23rd instead doh.gif
SUSxander83
post Mar 2 2022, 06:28 PM

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QUOTE(Mixo Mania @ Mar 2 2022, 11:35 AM)
This over promotion of FF is starting to make me skeptical.

Granted it's still a solid company but the rate of so many new investors I predict the first few weeks the price will fluctuate like crypto.
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QUOTE(nexona88 @ Mar 2 2022, 02:29 PM)
Yup..
I think first time.. it's involved high profile politician give promotion IPO.....

Also looking at few "P" lowyat  forum members that giving glowing reports... There's sure big scale marketing going on by the IPO promoters....
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REmember grab in nasdaq

Another déjà vu like how grab fallen until now doh.gif
SUSxander83
post Mar 3 2022, 04:54 AM

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QUOTE(sl3ge @ Mar 2 2022, 06:57 PM)
Recently bursa ipo company so greedy PE so high
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Blame on it the local investments bankers that they approach doh.gif

QUOTE(dwRK @ Mar 2 2022, 07:04 PM)
secrets is buy after 85-95% discount from after ipo peak...

only dumb money buys at ipo or chase ipo... lol
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Yeah always wait for the bottom and look for share buybacks from the board and the founders rclxms.gif
SUSxander83
post Mar 4 2022, 02:23 AM

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QUOTE(dwRK @ Mar 3 2022, 08:59 AM)
marketing 101... sell when market is hot... ppl is flush with money... full of optimism... use rosy projections jack up pe... and sell to suckers... lol

see coin listing... cathie wood bought made headlines... and it tanked 51% after... lol

but she got no choice ah imho... force to place bet at listing... also syok sendiri ego... hahaha
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You mean coinbase?

She’s doubling down big time doh.gif
SUSxander83
post Mar 5 2022, 11:50 PM

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QUOTE(Davidtcf @ Mar 4 2022, 06:04 PM)
My own real life example:
I bought senheng IPO for 1.07. On day one it fell down to 90 cents. I stop loss at 88 cents. Today the price is 85 cents and going lower. So yea lost a few hundred bucks with 2k investment. If I put in 10k, losses will be even more.

Exact losses for my senheng: 2000 units x 1.07 = RM2140
On day I sell coz I saw price keep drop: 2000 units x 0.88 =  RM1760
Loss of RM380

No one can tell exactly how the market will respond once stock is listed on first day. If you can take the risk then go ahead. IPO is like gambling. I’d rather wait for price to stable first (after listed) before going in. IPO can either drop a lot, or go up a lot on first week itself after listing.
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Wah you got trapped by Senheng doh.gif

QUOTE(elea88 @ Mar 5 2022, 10:13 PM)
haiz.. after the fiasco with Sen Heng.. want press button to apply also hand shake...
some more couple with the war situation..

dunno on listing day what drama will unfold...
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Nothing to even with fiasco and war situation in the 1st place in this company doh.gif

In fact because of the war more foreign inflows are snapping on defensive and discretionary sectors in Malaysia doh.gif

QUOTE(chikanot @ Mar 5 2022, 11:15 PM)
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…..
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FF nothing about the milk supplies but you are buying their so called husbandry in order for them breed milk cattle suitable for Malaysian weather

FF would have been better listed in ASX for Australian operations but as we all know it is fishy behind the lines which is why valuation is high is to cover FX investments for it doh.gif

SUSxander83
post Mar 7 2022, 11:55 AM

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QUOTE(dwRK @ Mar 7 2022, 11:17 AM)
if fly after listing... you buy still can profit... untung less but also less risk...
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Don’t forget must always have solid exit strategy even before entering

If the wars goes on for the next 3 weeks like Putin mentioned definitely you will see a lot of buying after opening dips
SUSxander83
post Mar 7 2022, 04:22 PM

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QUOTE(tnang @ Mar 7 2022, 03:29 PM)
apply or not?? could be ATM for owner or kahzanah???

market sentiment so bad. still cannot decided all in or not.....
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Definitely atm for Khazanah cause they are looking to cashout

If you look at the financials especially cash flow those who applied should be worried doh.gif
SUSxander83
post Mar 7 2022, 04:59 PM

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QUOTE(tehoice @ Mar 7 2022, 04:48 PM)
when you give a statement, do elaborate further, don't just pluck anything randomly.

for the benefit for everyone. not everyone read the prospectus or understand the financial bit, the worrying cash flow you talk about.
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Just look at the column investing cash flow doh.gif all red and negative

For an established so called market leader consumer staples it should be positive as it fast moving business that requires cash

Also, another worrying signs is that the brand loyalty and stickiness is not proven as they are doubling down doing direct selling to consumers directly when the consumption is low

FF should focus more on commercial sectors like Horeca as the consumption volume will be high and even inflation price increase it will be easily passed on as compared to consumers price increase
SUSxander83
post Mar 7 2022, 09:28 PM

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QUOTE(effectz @ Mar 7 2022, 06:11 PM)
Don't get emotionally attached to the IPO as to the milk. They're different.
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A lot are just blinded by the brand attachment

Even a lot of hate Coke but yet the shares doing well

Remember even how great the product is it is the vision, foresight and ability to navigate choppy waters as milk in Malaysia already saturation point as it is aging population
SUSxander83
post Mar 11 2022, 06:44 PM

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QUOTE(nexona88 @ Mar 11 2022, 02:25 PM)
Don't be surprised if Bumi allocation high oversubscribed vs Public lower rate or even undersubcribe 😁

Since got negative campaigns against FF IPO 🧐
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A lot GLC are taking up the allocation while public retail will be less thins time

Will be senheng level of subscriptions

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