Stock Price (2024/05/29): RM0.470
PE: (Q1 performance averaging) 11.75 times
DY: N/A
NTA: RM0.080
Note: The company's stock price has nearly doubled from RM0.240 of the IPO!
The only “vegetable stock” in Malaysia was favored by many investors after it was listed; however, the vegetable industry still has a high threshold. Why is it that only they have been listed so far, and how can they maintain their competitive advantage after listing at the same time?
The moderators are also very curious about these issues. I hope that after today's article, everyone can have a deeper understanding of this field.
First, the business of Farm Price Holdings Berhad (FPHB, 0304) can be divided into 4 main categories; the first is wholesale fresh vegetables, pre-packaged fresh vegetables (“Prepacked Vegetables”), fresh-cut fresh vegetables (“Fresh Cut Vegetables”), and operating its own retail store in Ulu Tiram, Johor.
In terms of gross profit margin (“gross profit”), of course, the highest profit margin is Fresh Cut's processed fresh vegetables (up to 30% to 40%), and generally these vegetables are...