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JB Foods
11-07-2012, 04:16 PM. (This post was last modified: 14-12-2012, 10:56 AM by Musicwhiz.)
Post: #1
JB Foods
A mini Petra foods for you guys to invest in!

PE Ratio at IPO price is estimated around 6.86 base on indicative price

Dividend yield estimated to be around 4.6% base on indicative price

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11-07-2012, 09:35 PM.
Post: #2
RE: JBFoods (IPO)
where did u find this news?

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11-07-2012, 10:06 PM.
Post: #3
RE: JBFoods (IPO)
http://masnet.mas.gov.sg/opera/sdrprosp....pectus.PDF

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13-07-2012, 04:44 PM.
Post: #4
RE: JBFoods (IPO)
JBFoods IPO confirmed at 30cents per share with a PE of 6 and dividend yield of around 5%!

Only 3millions shares available to the public!

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14-07-2012, 08:33 PM.
Post: #5
RE: JBFoods (IPO)
(13-07-2012, 04:44 PM)propertyinvestor Wrote: JBFoods IPO confirmed at 30cents per share with a PE of 6 and dividend yield of around 5%!

Only 3millions shares available to the public!

The advertisement of IPO is available in ST today. Big Grin
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15-07-2012, 11:42 AM.
Post: #6
RE: JBFoods (IPO)
Oops, PE should be 4.5

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15-07-2012, 12:50 PM.
Post: #7
RE: JB Foods (IPO)
4.5 is pre-ipo stat...

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15-07-2012, 01:02 PM.
Post: #8
RE: JB Foods (IPO)
(15-07-2012, 12:50 PM)pianist Wrote: 4.5 is pre-ipo stat...

Yes, I know, but I had earlier posted the PE of 6 to be the preinvitation PE based on the pre IPO stat and indicative IPO price

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15-07-2012, 01:39 PM.
Post: #9
RE: JB Foods (IPO)
propertyinvestor, did you know that you're into cocoa company Smile Smile.

http://masnet.mas.gov.sg/opera/sdrprosp....(1210).PDF

The following is what I had extracted from the summary of the prospectus:

(RM’000) FY2009 FY2010 FY2011
Revenue 386,166 504,208 690,622
Gross profit 29,724 62,309 85,519
PBT 27,209 53,970 67,098
PAT 24,274 48,182 51,025
EPS (sen) 7.7 15.2 16.1
EPS (fully diluted) (sen) 6.1 12.0 12.8

Non-current assets 88,017
Current assets 237,786
Non-current liabilities 11,660
Current liabilities 214,381
Equity attributable to owners of the Company 99,762
NAV 99,762
NAV per Share (sen) 31.6

Note: All the numbers are in RM. Divide 2.5 for you to convert to S$

I'm using the exchange range of $1 Sing for $2.5 RM.

Offer Price: 30 cents
NAV: 12.64 cents
Price to Book: 2.37x
EPS: 5.12 cents
PE:5.86

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15-07-2012, 04:50 PM.
Post: #10
RE: JB Foods (IPO)
(15-07-2012, 01:39 PM)ngcheeki Wrote: propertyinvestor, did you know that you're into cocoa company Smile Smile.

http://masnet.mas.gov.sg/opera/sdrprosp....(1210).PDF

The following is what I had extracted from the summary of the prospectus:

(RM’000) FY2009 FY2010 FY2011
Revenue 386,166 504,208 690,622
Gross profit 29,724 62,309 85,519
PBT 27,209 53,970 67,098
PAT 24,274 48,182 51,025
EPS (sen) 7.7 15.2 16.1
EPS (fully diluted) (sen) 6.1 12.0 12.8

Non-current assets 88,017
Current assets 237,786
Non-current liabilities 11,660
Current liabilities 214,381
Equity attributable to owners of the Company 99,762
NAV 99,762
NAV per Share (sen) 31.6

Note: All the numbers are in RM. Divide 2.5 for you to convert to S$

I'm using the exchange range of $1 Sing for $2.5 RM.

Offer Price: 30 cents
NAV: 12.64 cents
Price to Book: 2.37x
EPS: 5.12 cents
PE:5.86

I expect the Ringgit to be stronger against the SGD over the long term Big Grin

I missed out on Petra Foods the last time, so JB Foods will be a good alternative for me. PE is very reasonable compared to Petra Foods PE of 17.8 for a cocoa play

Yes, I like to eat chocolates. Hence the interest in this counter. The pictures on the front page of the prospectus looks very appetising! Tongue

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