Oriental Kopi

[winston]

not vested

Oriental Kopi files for ACE Market IPO to raise funds for expansion

By Jason Ng

We propose to set up a total of 15 new owned-operated cafes progressively between 2024 and 2026 in various states.

Oriental Kopi currently has about 14 cafes under the Oriental Kopi brand

Oriental Kopi wants to add four specialty retail stores between 2025 and 2026. The company currently only has one retail store in Johor.

Last year, Oriental Kopi’s net profit more than doubled to RM20.03 million from RM9.56 million in 2022, as revenue nearly tripled to RM133.01 million from RM48.64 million.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/715489

[behappyalways]

Oriental Kopi apologises after some outlets were temporarily closed, will reopen on 14 July
https://mustsharenews.com/oriental-kopi-closed/

[winston]

not vested

ACE Market-bound Oriental Kopi to raise RM184 mil, sets IPO price at 44 sen

By Justin Lim

Set its initial public offering (IPO) price at 44 sen apiece in a share sale that would raise RM183.96 million ahead of its listing on the ACE Market.

At the IPO price, Oriental Kopi is expected to have a market capitalisation of RM880 million upon listing and value the company at about 20 times its earnings for the financial year ended Sept 30, 2024 (FY2024).

Established in December 2020, the company has rapidly expanded its footprint with 20 cafes across Malaysia and one in Singapore.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/739927

[behappyalways]

Oriental Kopi IPO oversubscribed by 59.96 times, set for Jan 23 listing
https://www.malaymail.com/news/money/20 ... e_vignette