Shares & Derivatives
Yew Kee Duck Rice IPO: A tasty expansion opportunity
By Beansprout  •  February 5, 2023
TL;DR
  • YKGI, the company behind Yew Kee Duck Rice and Chicha Sanchen bubble tea, is set to list on the Catalist board of the Singapore Exchange (SGX) on 6 February 2023. The company intends to use the IPO proceeds to open new outlets in Singapore and drive expansion overseas. 
  • YKGI's revenue grew strongly from 2019-21 driven by its Franchise business. Management of YKGI expects revenue to grow further in FY22 with theopening of new outlets and improved performance of its existing portfolio. 
  • YKGI generated a higher net margin compared to its peers, but management expects cost pressures from higher food ingredient and manpower expenses. 
  • Based on its listing price, YKGI would trade at a price-to-earnings (P/E) of about 11x, inline with the P/E of Kimly and Japan Foods.
What happened? YKGI is set to list on the Catalist board of the Singapore Exchange (SGX) on 6 February 2023. YKGI owns a portfolio of eight food and beverage (F&B) brands, including...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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