Shares & Derivatives
Singapore Kitchen Equipment Limited
By Mr. IPO  •  July 14, 2013

Singapore Kitchen Equipment Limited ("SKE" or the "Company") is offering 23m New Shares at $0.20 each of which 2.25m is for the public and the balance 20.75m via placement. The prospectus is here.

The IPO will end on 18 July at 12pm and will list on Catalist. The market cap will be $30m.

Principal business

The Company was founded in 1996 and is a leading Singapore-based commercial and industrial kitchen solutions providers for the F&B and hospitality industry.

It currently markets the Qson brand  of kitchen equipment and clients include Jumbo Group of Restaurants, Ah Yat, Soup Restaurant, Pu Tien and Hard Rock.

Financial Higlights


The revenue has been growing slowly from $15.1m in FY2010 to $16.6m in FY2012. The net profit grew from $749k to $2.237m (excluding one off gain) during the same period.

Assuming the service agreement has been in place in ...
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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