you missed out the RM,'000 above

it's RM133 million

thanks to the many fishes out there

KUALA LUMPUR (June 14): Oriental Kopi Holdings Bhd, which operates a cafe chain and sells packaged food, has filed for an initial public offering (IPO) on the ACE Market to raise funds to add the number of outlets, set up new kitchens and stores.

The proposed IPO comprises entirely of public issue of 418.1 million new shares at a price to be determined later, according to a draft prospectus posted on Bursa Malaysia’s website. There is no separate tranche for the sale of existing shares.

“We propose to set up a total of 15 new owned-operated cafes progressively between 2024 and 2026 in various states,” Oriental Kopi said in the prospectus.

Oriental Kopi currently has about 14 cafes under the Oriental Kopi brand in shopping malls, shoplots and airport retail malls throughout Malaysia. The company also sells in-store packaged coffee and tea, as well as other food such as spreads, pastries, instant noodles, and seasonal items such as moon cakes.

The company secured its first order for the export in February to Hong Kong, and signed a joint venture agreement with Paradise Group to expand its Oriental Kopi cafe into Singapore.

To support the expansion, Oriental Kopi plans to set up of a new central kitchen. The cafes will only carry out minimal final preparation, cooking and plating to complete the dish, ready to be consumed in the cafes, it said.

Further, Oriental Kopi wants to add four specialty retail stores between 2025 and 2026, as part of expansion of its consumer-branded packaged foods segment. The company currently only has one retail store in Johor.

The company has also budgeted some of the proceeds for marketing activities, as working capital, and to defray listing expenses. Oriental did not earmark any of the proceeds to repay bank borrowings.

Under the IPO, the company has set aside 60 million new shares for the public and 20 million shares for eligible persons. Oriental Kopi will also sell 88.1 million new shares to select investors and 250 million shares to Bumiputera investors, both through private placement.

All in all, the listing will offer investors up to 21% stake in the company, currently owned by Datuk Chan Jian Chern, his brother Chan Yen Min, and brother-in-law Koay Song Leng. The Chan brothers are also the co founders of the “Black Whale” bubble tea chain.

Last year, Oriental Kopi’s net profit more than doubled to RM20.03 million from RM9.56 million in 2022, as revenue nearly tripled to RM133.01 million from RM48.64 million, according to the disclosure in the draft prospectus.

Alliance Islamic Bank is the IPO’s principal adviser, sponsor, sole underwriter and placement agent.

https://theedgemalaysia.com/node/715489

total revenue 133k only ah...

Really many water fish out there.... overpriced typical kopitiam food. Quality also meh.

Wow numbers so bad. 133m with 20m profit? Lol after IPO collapse to 2m pat

Most people just have bad taste. Or bad sense of value for money

Most people just have bad taste. Or bad sense of value for money

The next old town in the making

草拟招股书指出，IPO所筹集的资金将用于设立新总部、中央厨房及仓库、扩张国内分店、消费品牌包装食品扩张、国外的营销活动、营运资本以及上市费用。

华阳咖啡2023财政年的净利按年上涨109.5%，至2003万令吉；而营收达到1亿3301万令吉，按年增加173%，赚幅高达15.06%。
https://www.orientaldaily.com.my/news/busin...24/06/14/658647

gila newspaper

Write 20 millions net profit....

The food so-so saja.

The IPO, cant go far. Nowadays people focus on renewable energy. Like K Energy, IPO price 0.30 if im not mistaken, now 0.8. I bought it and sell it when it reached 30% profit.

Be careful with this.

Wow numbers so bad. 133m with 20m profit? Lol after IPO collapse to 2m pat

133m revenue and 20mil PAT from 11 outlets alone is high. And they haven't even started to go crazy all out in states like penang or johor, even KV.

Then you also have expansions to other countries on the books.

In comparison, Old Town have more than 200 outlets with only 400m revenue and 60mil profit.