Old Town is one of most successful F&B company in Malaysia. With aggresive marketing strategy, it grow rapidly from Malaysia to Singapore, Indonesia and China.
Now, the key growth of Old Town is
1) China - Huge Population with increasing of middle class.
2) Indonesia - Booming in Indonesia Economy will benefit the F&B sector.
I expect Old Town should able to grow at least 15% for next 3-5 years. If you buy Old Town, the idea is you can hedge your ringgit currency to high growth countries's currency like China, Indonesia.
I believe that the successful of this company in Hong Kong, will enable them to grow well in China Market.
Now, the key growth of Old Town is
1) China - Huge Population with increasing of middle class.
2) Indonesia - Booming in Indonesia Economy will benefit the F&B sector.
I expect Old Town should able to grow at least 15% for next 3-5 years. If you buy Old Town, the idea is you can hedge your ringgit currency to high growth countries's currency like China, Indonesia.
I believe that the successful of this company in Hong Kong, will enable them to grow well in China Market.
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