Old Town White Coffee is seeking approval for listing on 11 July!
Its financial performance since 2007 looks good indeed.
2010 | 2009 | 2008 | 2007 | |
Revenue (mil) | 255 | 194 | 138 | 79 |
Net Profit (mil) | 32 | 30 | 21 | 11 |
Base solely on this result, though the profit growth in 2009-2010 slowed down which is a little concern, it can still be an IPO worth applying for.
Old Town's revenue are mainly from its cafe outlets (65%). The rest are from sales of beverage products. Currently it has 183 outlets in Malaysia, Singapore and Indonesia. It just started in Indonesia in 2011. The outlets are either fully owned, partially owned or franchised. The beverage products are exported to countries like US, UK, Canada, China, Japan, Taiwan, Singapore, Indonesia, Thailand & Philippines. Sounds not bad.
Old Town's revenue are mainly from its cafe outlets (65%). The rest are from sales of beverage products. Currently it has 183 outlets in Malaysia, Singapore and Indonesia. It just started in Indonesia in 2011. The outlets are either fully owned, partially owned or franchised. The beverage products are exported to countries like US, UK, Canada, China, Japan, Taiwan, Singapore, Indonesia, Thailand & Philippines. Sounds not bad.
The origin of white coffee
Old Town White Coffee cafe outlets started since 2005. What do you think about the sustainability of its business? I'm not a coffee lover. I do like its Hazelnut coffee, ice-cream toast and the signature butter-kaya toast. Personally I think the food is quite expensive and not very fresh, and they use all foreign workers. In Bukit Mertajam, I can see that there are not many people in the day time but there are quite a lot of them at night.
Initially I thought their business is going downhill but the financial results here say otherwise. Perhaps I need to go to bigger city to have a look. Will Old Town cafe expand to HK, Taiwan or China? Food & Beverage industry is very competitive. Do you think Old Town has the edge to prevail?