Initial Public Offering (IPO): 2025

Monday, January 6, 2025

ORIENTAL KOPI HOLDINGS BERHAD

***Disclaimer***Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision.

Open to apply: 06 Jan 2025
Close to apply: 10 Jan 2025
Balloting: 14 Jan 2025
Listing date: 23 Jan 2025

Share Capital
Market cap: RM880 mil
Total Shares: 2bil shares

Industry CARG (2019-2023)
Malaysia Real GDP of F&B services, CAGR: 2.5%
Malaysia GDP of F&B services, CARG: 7.9%
Estimated sales value of F&B services in Singapore, CAGR: 8.9%
Industry competitors comparison (net profit%)
1. Oriental Kopi Group: 15.16%
2. Tea Garden Gempak S/B: 14.0%
3. Berjaya Starbucks Coffee Co: 11.8%
4. Oldtown S/B: 5.6%
5. Good Taste Malaysia S/B: 13.1%
6. Hometown F&B Holdings S/B: 9.6%
7. Tea Garden Gempak S/B: 14.0%
8. Others: losses to 5.5%

Business (FYE 2024)
Cafe chain operations as well as the distribution and retail of our brands of consumer-branded packaged foods.
Revenue from Geo
1. Klang: 65.25%
2. Johor: 26.54%
3. Others: 8.21%
Cafe outlet
1. Klang Valley, Penang and Johor : 20
2. Specialty retail store in Johor: 1

Fundamental
1.Market: Ace Market
2.Price: RM0.44
3.Forecast P/E: 20.37
4.ROE(Pro forma): 18.76%
5.ROE: 80.59% (FYE2024), 58.9%(FYE2023), 54%(FYE2022), losses (FYE2021),
6.Net asset: 0.1149
7.Total debt to current asset: 0.499 (Debt: 127.955mil, Non-Current Asset: 101.628mil, Current asset: 256.212mil)
8.Dividend policy: 30% PAT dividend policy.
9. Shariah status: nil

Past Financial Performance (Revenue, Earning Per shares, PAT%)
2024 (FYE 30 Sep): RM277.280 mil (Eps: 0.0216), PAT: 15.56%
2023 (FYE 30 Sep): RM133.013 mil (Eps: 0.0100), PAT: 15.06%
2022 (FYE 30 Sep): RM48.644 mil (Eps: 0.0048), PAT: 19.65%
2021 (FYE 30 Sep): RM5.018 mil (Eps: -0.0002), PAT: -9.76%

Major customer
1. Restaurant business, didn’t have single large customer.

Major Sharesholders
1. Dato’ Chan Jian Chern: 73.35% (indirect)
2. Chan Yen Min: 73.35% (indirect)
3. Koay Song Leng: 73.35% (indirect)
4. United Gomax: 73.35% (direct)

Directors & Key Management Remuneration for FYE2025
(from Revenue & other income 2024)
Total director remuneration: RM2.093 mil
key management remuneration: RM0.85 mil – RM1.1 mil
total (max): RM3.193 mil or 3.86%

Use of fund

Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Overall is middle risk investment. Have to focus more on the abilities of duplicate the existing 18 café performance.

*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.

Wednesday, January 1, 2025

Quarter 4: Invest Group Performance Update

T&C to join Invest Group

1. Understand that all material in the Whatsapp Invest Group 2 or 3 is only opinion sharing.
2. Members in group have to take their own risk.
3. Memberships fee is not refundable.
4. Admin is not take any responsible on member investment decision.
5. Member have to do their own study & own analysis.
6. Memberships fees RM369.00 per year.

Some detail on the Invest group
1. stock pick based on fundamental (sometime will use technical stock pick)
2. one year might less than 10 pick.
4. is not a training class.

5. some counter that need to hold quite longer term.
6. No any other phone number is authorize, other than this admin number 013-2820766

And REMEMBER, we never personal message / never advertise / never call any member to offer any type of trading signal & no training class. ALL member joint us is they have to personally come to contract us. If you received any call/ message is all SCAM!!!