IPO

Empire Premium Food:Sushi on a Roll

Empire Premium is an owner-operator of a chain of sushi food service outlets operating under the “Empire Sushi” brand.

The chain, which operates 132 Halal outlets and counting, targets the mass market, offering accessible and convenient Japanese food with local adaptations.  

Empire Premium IPO

“We derive a fair value of RM0.98 by ascribing a 20x price-to-earnings ratio (PER) to FY27F core EPS of 4.90 sen.

“Dividend yield is estimated at 1.8% based on its 30% payout policy although we do not rule out potentially higher payout ratio, which is supported by its healthy cashflow,” says Public Investment Bank.

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