I thought about whether I want to really write about this “falling knife” since it only gotten listed recently. Writing it may make it worse for the existing shareholders.

My rationale for looking at this stock was because:
1. It is in the food and beverage business – something my portfolio is lacking and something I am interested in.

  1. The price has been falling – After reaching the heights of 40 cents after IPO, the stock has been coming down till $0.240 as of today.

This stock is Katrina Holdings Ltd.

It is a F&B management company of the branded restaurants below:

However, I will not doing much analysis on this stock because I decided to ignore it once I saw its latest half-year balance sheet.

The printscreen of the balance sheet is shown below:

Do note that this balance sheet was in Jun 2016 prior to the group getting …