Inside Scoop

KUALA LUMPUR: There could be increased trading interest in the stocks with recent corporate news flow including Farm Fresh, Nexgram, Perdana Petroleum, ...

[Perdana Petroleum Bhd](/business/marketwatch/stocks/?qcounter=PERDANA) [ returned to the black with a net profit of RM20.51 million in 4Q22.](http://charts.thestar.com.my/?s=PERDANA) [MISC Bhd](/business/marketwatch/stocks/?qcounter=MISC) [’s net profit rose 39.7% YoY to RM645 million in 4Q22.](http://charts.thestar.com.my/?s=MISC) [Hume Cement Industries Bhd](/business/marketwatch/stocks/?qcounter=HUMEIND) [’s net profit declined 41.04% YoY to RM4.47 million for 2QFY23.](http://charts.thestar.com.my/?s=HUMEIND) [Nexgram](/business/marketwatch/stocks/?qcounter=NEXGRAM) [, Perdana Petroleum, MISC, Hume Cement Industries, ](http://charts.thestar.com.my/?s=NEXGRAM) [RCE Capital](/business/marketwatch/stocks/?qcounter=RCECAP) [ and Revenue Group, said Apex Research.](http://charts.thestar.com.my/?s=RCECAP) [Farm Fresh Bhd](/business/marketwatch/stocks/?qcounter=FFB) [ has proposed to acquire a 65% stake in ice cream chain The Inside Scoop Sdn Bhd (TISSB) for RM83.9 million.](http://charts.thestar.com.my/?s=FFB) [Subscribe now](https://www.thestar.com.my/subscribe)to our Premium Plan for an ad-free and unlimited reading experience! Nexgram Holdings Bhd has cancelled a deal with Melaka Corporation (MCorp) pertaining to the purchase of a 10.031-hectare piece of land in the state for RM61.53 million. Two EGMs of Revenue Group Bhd scheduled for tomorrow pertaining to the removal of directors, will not be held pending further direction from the High Court

KUALA LUMPUR: Maybank Investment Bank views Farm Fresh Bhd's acquisition of The Inside Scoop Sdn Bhd (TISSB) as an earnings accretive acquisition and offers ...

Farm Fresh Berhad plans to acquire 65% of The Inside Scoop Sdn Bhd, a M'sian ice cream chain. It's expected to complete by Q2 this year.

TISSB expects to continue expanding in Malaysia, with an aim to double its outlet count in the medium term. This is subject to Tan maintaining a minimum stake of 10%. FFB also plans to set up a central kitchen in Bandar Enstek, Seremban moving forward. Upon completion, Tan will have a 35% stake in TISSB. The issue price will be RM1.52 apiece. The dairy company will first purchase a 53% stake at RM68.4 million from the chain’s existing shareholders—Edmund Tan Jun Hua, Derrick Wu, and Harsh Rajpal.

KUALA LUMPUR: Investment analysts have maintained a positive stance on Farm Fresh Bhd (FFB) following the dairy producer's proposal to acquire a controlling ...

"We reiterate a 'hold' call, with an unchanged target price of RM1.65. The brokerage said the valuation is undemanding based on TISSB's 2022 price-to-earnings ratio (PER), at a 59.5 per cent discount to Malaysia's overall consumer sector's 2022 PER of 40.7 times, and at a 57 per cent discount to FFB's 2022 PER. Yesterday, FFB announced the proposed acquisition of a 65 per cent stake in TISSB, an ice-cream maker with 37 retail outlets nationwide, via share purchase and subscription for a total of RM83.9 million.

Inside Scoop is a very, very strong homegrown ice cream company. They are equivalent to people like Baskin Robbins or Häagen-Dazs.”

The way we look at it, Inside Scoop is a very, very strong homegrown ice cream company. Inside Scoop started as a dream to make genuinely fresh ice cream for Malaysians. You are not only buying the business but you are buying a very credible brand. Not many Malaysians are able to build a company with that kind of premium branding in the ice cream space. As reported by The Edge, dairy products provider Farm Fresh Bhd plans to acquire a 65% stake in the local ice cream chain Inside Scoop for RM83.9 million. “Inside Scoop is a very, very strong homegrown ice cream company.