Katrina Group *Official* (SGX:1A0)

Shion

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Katrina F&B group lodges prelim offer document for Catalist listing

http://www.theedgemarkets.com/sg/ar...lodges-prelim-offer-document-catalist-listing

SINGAPORE (June 30): Katrina Group, the F&B group famous for its RENNthai and So Pho restaurants, has lodged its preliminary offer document in connection with its proposed initial public offering and listing on the Catalist board of the Singapore Exchange.

Founded in 1995, Katrina operates 32 restaurants in Singapore and two restaurants in the China under nine different F&B brands and concepts. These include Bali Thai, Streats, Honguo, Indobox, Muchos, Bayang and Hutong as of June 30.

Each of Katrina’s brands serves cuisines of different ethnicity, namely Indonesian, Thai, Hong Kong, Yunnan, northern Chinese cuisine, Vietnamese and Mexican, catering to a wide spectrum of patrons and different market segments.

Of the group’s nine brands, five are casual dining brands located in the heartlands of Singapore and four are contemporary upmarket brands located within Singapore’s Central Business District. In addition, four of Katrina’s brands – Bali Thai, Streats, So Pho and Indobox – are Halal-certified.

In FY2015, revenue rose 15.4% to $52.4 million from $45.4 million in FY2014 while earnings rose 30% to $4.3 million from $3.3 million. In FY2013, earnings came in at $3.7 million on the back of $40.7 million in revenue.

Led by CEO and executive chairman Alan Goh Keng Chian and Executive Director Madaline Catherine Tan Kim Wah, the group plans to launch its online food ordering and delivery system, grow its Halal restaurants, expand into new regional markets through alliances, acquisitions or joint ventures.

Hong Leong Finance is the sponsor, issue manager and placement agent of the proposed initial public offering and the listing.
 

w1rbelw1nd

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Singapore FnB Stocks normally command quite a high PE, based on my limited understanding. Could be a good buy if the price is right.
 

flyhigh16

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This IPO seems highly similar to that of Jumbo, a F&B with lots of restaurants under it... No public offer though only placement.
 

Shion

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Katrina Group launches IPO at 21 cents

Katrina Group launches IPO at 21 cents

http://www.theedgemarkets.com/sg/article/katrina-group-launches-ipo-21-cents

SINGAPORE (July 15): Katrina Group has launched its initial public offer (IPO) of 35.8 million new shares at 21 cents each on the Catalist board of the Singapore Exchange.

The new shares represent 15.4% of the group’s enlarged share capital.

Katrina owns nine brands and operates 32 restaurants in Singapore and two restaurants in China. Of the Group’s nine brands, five are casual dining brands generally located in the heartlands in Singapore and four are contemporary upmarket brands located within the central business district of Singapore.

In particular, four of Katrina’s brands – Bali Thai, Streats, So Pho and Indobox – are Halal-certified.

The placement-only offer is expected to raise $6.3 million in net proceeds, and will be used to grow the number of restaurants for its Halal-certified brands, establish its online food ordering and delivery business in Singapore, expand into new regional markets, establish alliances and joint ventures or make acquisitions, and for general working capital and corporate purposes.

From FY2013 to FY2015, the group’s revenue grew at a compound average growth rate of 1.3% from $40.7 million to $52.4 million. Pretax profits grew at a CAGR of 8.6% from $4.3 million to $5.1 million, while pretax margins averaged at 9.9% over the same period.

Katrina does not have a fixed dividend policy, but intends to distribute dividends of no less than 60% of earnings for FY2016 to December.

The placement closes on July 22, and Katrina’s shares will start trading on the Catalist Board on July 26.
 
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