Is Butterfield FB IPO a coffee bet worth brewing?
Butterfield FB Bhd’s upcoming ACE Market listing offers investors a chance to tap into the growing coffee and tea ingredients business, but its attractive earnings growth comes with questions over margins, working capital and customer concentration. At 48 sen a share, the IPO does not look overly demanding — but whether it offers genuine upside will depend on how successfully the group converts its new capacity into sustainable profits and cash flow.
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