Oriental Kopi's shares surge 90% on market debut

Quick Summary:

KUALA LUMPUR: Shares in Oriental Kopi took off on its first day of trading on Bursa Malaysia, soaring to a 90.91% premium over its initial public offering (IPO) price on heavy buying interest.

It noted that while there is no peer comparison on the market, OldTown Bhd, which was taken private in 2017, was valued at 23.6x FY17 price-earnings ratio.

The chain is also planning to open about 50 outlets in Malaysia, which differentiates it from its peers that operate hundreds of outlets.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: Oriental Kopi Cafe Bursa Malaysia /Business/Business News Listing ACE Market Retail IPO Stock on the Move

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 09:54:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 306 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © The Star

News ID: 25353541

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