Snack Empire Holdings (1843.HK)

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#1
Singapore-based snack maker goes on wild gut-churning ride in Hong Kong IPO

Bloomberg 
23/10/2019, 3:53pm

(Oct 23): Investors in a snack maker’s initial public offering in Hong Kong were sitting on losses just minutes after watching the shares almost triple.

Shares in Singapore-based Snack Empire Holdings surged as high as 188% on their debut on Wednesday, before sinking into the red 45 minutes later. The retail portion of the HK$130 million ($22.6 million) IPO was almost 14 times subscribed.

[Image: Snack+Empire+347761335.png]

More details in https://www.theedgesingapore.com/news/ip...g-kong-ipo

Company Profile
Snack Empire Holdings is a food and beverage group offering Taiwanese Snacks and Beverages under its Shihlin Taiwan Street SnacksR brand. Its Core Menu comprised eight Snacks Products and four Beverages Products. Its Snacks Products included XXL Crispy Chicken, Handmade Oyster Mee Sua, Sweet Plum Potato Fries, Seafood Tempura, Happy! Ricebox, Crispy Floss Egg Crepe, Sausage Cheese Egg Crepe, Mushroom Cheese Egg Crepe; while Beverages Products included Winter Melon Tea, Smoked Plum Juice, Honey Lemon Cooler, Lemon Ai-Yu Jelly (with Honey) and its own range of bottled drinking water.

The Group history can be traced back to 2003, with a vision to introduce authentic Taiwanese cuisine to the fast food industry in Singapore. Throughout its years of operations, it has successfully charted the course from its first pop-up store opened in Singapore in November 2003 to 228 Shihlin Outlets and Restaurants with international footprints spanning across Singapore, Malaysia, Indonesia and United States. In addition, it has entered into Franchise Agreements for the opening of franchise Outlet(s)/Restaurant(s) in Brunei and Egypt, respectively.

The Group operates Shihlin Outlets and Restaurants under its Shihlin Taiwan Street SnacksR brand adopting two basic models, namely (i) Self-operated model; and (ii) franchise and licence model. It generates revenue from its Self-operated Outlets and Restaurants from selling its Snacks and Beverages to end consumers. The sources of revenue of franchise/licence operation include (i) sales of goods comprising mainly beverages, food products and packaging materials to Franchisees and Licensee; (ii) Franchise Fees and Licence Fees; and (iii) advertising and promotion fees collected from its Franchisees in Singapore and West Malaysia.

The Group's 228 Shihlin Outlets and Restaurants comprised (i) 15 Selfoperated Outlets in Singapore; (ii) 14 Self-operated Restaurants in West Malaysia; (iii) two franchise Outlets in Singapore; (iv) three franchise Restaurants in Singapore; (v) three franchise Outlets in West Malaysia; (vi) 62 franchise Restaurants in West Malaysia; (vii) one franchise Outlet in East Malaysia; (viii) two franchise Restaurants in East Malaysia; (ix) 20 sub-licence Outlets in Indonesia; (x) 101 sublicence Restaurants in Indonesia; (xi) three franchise Restaurants in Northern California; and (xii) two sub-franchise Restaurants in Northern California.

See also http://www.etnet.com.hk/www/eng/stocks/c...pe=listing
Specuvestor: Asset - Business - Structure.
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#2
We are opening up access to our 2021 #1 pick.

https://www.weightedresearch.com/p/2021-pick-01

The price had run up quite a bit so this really for reading pleasure only.

Follow us @ https://www.weightedresearch.com
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#3
Some competitors to Snack Empire

https://www.8days.sg/eatanddrink/newsand...o-12034780

The nearest mall to my flat has only Hot Star and Shilin. I prefer the latter. The link mention devil chicken and monga as the top 1 and 2. Unfortunately i hv yet to taste them and make a comparison.
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#4
(25-03-2021, 11:11 AM)Bibi Wrote: Some competitors to Snack Empire

https://www.8days.sg/eatanddrink/newsand...o-12034780

The nearest mall to my flat has only Hot Star and Shilin. I prefer the latter. The link mention devil chicken and monga as the top 1 and 2. Unfortunately i hv yet to taste them and make a comparison.

I am a long time taiwan xxl chicken fans.
I've tried all those 4 mentioned.
There are others as well such as Ximenjie & i love taimei.
Imo, Monga is the best in term of original taiwan taste but it is not really convenient as the chicken sold in one piece (no cutting).

It is weird and i cant really pinpoint the reasons but I do prefer Shilin as compared to the other original taiwan brands (except for monga).

Shihlin chicken seems to have more kicks (hot, spicy and peppery just feel right).
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#5
http://iis.aastocks.com/20211129/10028925-0.PDF

Snack latest interim result looks flattish but respectable in view of the COVID situation. Can anyone advise if The company has a dividend policy? Seems like no dividend since IPO though the history is a bit short.
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#6
Finally, we may be seeing a dividend for those vested.

http://iis.aastocks.com/20220411/10208980-0.PDF
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#7
(12-04-2022, 07:53 AM)mslee888 Wrote: Finally, we may be seeing a dividend for those vested.

http://iis.aastocks.com/20220411/10208980-0.PDF

Yay! 0.625 Singapore cents in dividends. Probably about 10% of last traded 36 HKD cents share price. Too bad this is not really a liquid counter or else could have built a bigger position for it.

Please do your own due diligence. Any reliance on my posts is at your own risk.
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#8
Is now the time to dip your toes into this fast food company that is making a comeback from Covid-19 and geared for further expansion?

https://www.thesquirrelsdrey.com/post/sn...runch-time

Please do your own due diligence. Any reliance on my posts is at your own risk.
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#9
ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2023

FINANCIAL HIGHLIGHTS FOR THE YEAR
• Revenue was approximately S$26,405 thousands (Year 2022: S$24,051 thousands)
• Gross profit was approximately S$16,116 thousands (Year 2022: S$15,060 thousands)
• Profit for the year attributable to equity holders of the Company was approximately S$1,843 thousands (Year 2022: S$2,828 thousands)
• Basic and diluted earnings per share was approximately 0.2 Singapore cents per share (Year 2022: 0.4 Singapore cents per share

https://www.snackemp.com/wp-content/uplo...re_ESS.pdf

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Interestingly, I came across a letter to mgmt to increase shareholder value, albeit it's dated 2020. (org post : https://www.investingnote.com/posts/2116173) Hope to see more "activist" OPMI !

https://acrobat.adobe.com/link/track?uri...p-discover
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#10
Interestingly what caused their profits to fall despite a higher YoY gross profit is due to higher employee benefit cost and higher inventory cost (Food ingredient prices).

It shows they are a price taker as it seems hard for them to pass on the cost. Employee benefit wise, Im not sure what they are dishing out to their food stall employees.
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