Is Old Chang Kee a value trap?

Since young, I have always enjoyed eating Old Chang Kee’s signature curry puffs. The history of Old Chang Kee, however, goes as far back as 1956 when it was just a small stall in a coffee shop outside former Rex cinema. In 1986, the current chairman, Han Keen Juan bought over the control of the company and subsequently transformed the stall into a listed company.

On looking back, Old Chang Kee is a story of coming of age and its brand is synonymous with Singapore food heritage. With a humble beginning, Han Keen Juan has certainly grown the Old Chang Kee into a household name.

When it was listed in Catalist in 2008, the IPO price was $0.139 and the shares were 111% over-subscribed. Now trading at $0.815, it is time to examine whether investing in the shares is worth the effort.

Old Chang Kee

Fourth quarter loss

The Group was cruising along finely when it was [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]

Read my other articles on SGX stocks:

  1. Formidable Challenger for Challenger Technologies Limited
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  3. Raffles Medical Group’s Return on Equity

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