Guan Huat Seng offers a steady growth story
Guan Huat Seng Holdings Bhd (GHS), a Melaka-based frozen and dried food distributor founded in 1979, is making its market debut at a time when investors are increasingly selective about small-cap consumer plays. The company has launched its initial public offering (IPO) at 25 sen per share, valuing the group at RM118 million upon listing on the ACE Market on Jan 22.At first glance, GHS presents itself as a familiar, defensive story: food distribution, halal-certified products, and a business that has remained profitable even amid cost pressures and volatile consumer sentiment.
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