Butterfield FB Berhad

Bursa Ticker: Butterfield FB Berhad | Listing Year: 2026

Offer Price

RM 0.48

Sifu Target Price

Retail Oversubscription

Underwriter (IB)

M&A Securities

Key Dates & Offering Details

Application Closing 02-Sep-2026

Listing Date 15-Sep-2026

Target P/E Ratio 20x

Total Enlarged Shares 800.00 M

Free Float -

MITI Special Allocation Yes (Bumiputera Reserved)

Analyst Commentary & Hunter Insight

✅ WORTH IT (GRADE B — MITI)
Syarikat pengeluar serbuk kopi/teh pracampuran (seperti 3-in-1) dan bahan makanan bermargin tinggi.

📊 Kekuatan Pemangkin Sifu:
• Tajaan Legenda: Ditaja oleh M&A Securities (penaja elite dengan rekod 100% hijau).
• Lonjakan Untung Gila-Gila: Keuntungan bersih PAT melonjak +166.3% (dari RM11.43M FY24 kepada RM30.41M FY25).
• Hype Jenama F&B: Mempunyai tarikan jenama barangan pengguna harian yang tinggi di kalangan runcit awam.

⚠️ Status: Sesuai untuk permohonan MITI bertaktik Swing Play (Sasaran jualan awal).

Growth Catalysts & Strategic Moats

Catalyst 1: Expansion of Bukit Minyak Premises
Catalyst 2: Working capital
Catalyst 3: Estimated listing expenses

Financial Performance Summary

Financial Metric	FY23	FY24	FY25	Projected (FY F)
Revenue (RM)	97.88 M	120.53 M	245.33 M	193.50 M
Profit After Tax (PAT)	9.54 K	11.43 K	30.41 K	0
EPS (sen)	-	-	-	-

Peer Comparison & Valuation Context

Consumer Products & Services (11.7)

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