F&B IPO buffet + What’s happening at MMC Port Holdings?
Recent food and beverage companies listing on Bursa Malaysia have seen mixed performance following a wave of IPOs. While some initial offerings were oversubscribed, several stocks have struggled to maintain their IPO prices, with the exception of Empire Premium.
Why it matters
This trend reflects the volatility of the F&B sector in public markets and the risks associated with high-valuation IPOs for retail investors.
BURSA SGX Home Edge Weekly Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (July 18): Oriental Kopi Holdings Bhd’s (KL: KOPI ) ACE Market listing, while it was at its peak late last year, was deemed widely successful — not only because it commanded a generous 20 times earnings multiple but also because it may have sparked off a wave of food and beverage (F&B) players exploring listing plans.
On the private market, deals in the F&B space have been aplenty as well in recent years — whether led by private equity firms or other F&B players looking to acquire for expansion or to consolidate. Farm Fresh Bhd’s (KL: FFB ) RM83.9 million acquisition of Inside Scoop Sdn Bhd in February 2023, for instance, has since yielded its own ice cream line.
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