incredible.piggie
Supremacy Member
- Joined
- May 24, 2009
- Messages
- 8,264
- Reaction score
- 15
Just think:
How much further can Courts grow? Its store network is probably already near saturation in Singapore and Malaysia. (A similar IPO recently would be Sheng Shiong, but SS still had much room to grow in Singapore at the time of its IPO)
Courts said it wanted to open stores in Indonesia. Courts' previous Indonesia stores lost money. How confident are they that it wouldn't be the same outcome?
Lastly, like someone already mentioned, most the proceeds are going to existing shareholders. I read the article in ST yesterday that the owners have been trying to hawk Courts out for the past 2 years without success. Now offloading via IPO.
I won't touch this. My 2 cents only.
Icic..I ish ppl tong pang me buy, nv go read up.