{"id":332754,"date":"2025-06-05T00:34:16","date_gmt":"2025-06-04T16:34:16","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=332754"},"modified":"2025-06-05T00:34:18","modified_gmt":"2025-06-04T16:34:18","slug":"trade-the-news-jfcs-planned-ipo-for-highlands-coffee-still-on-table","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-jfcs-planned-ipo-for-highlands-coffee-still-on-table\/","title":{"rendered":"Trade the News: JFC’s planned IPO for Highlands Coffee still on table"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Jollibee Foods Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>JFC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 335.28<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Jollibee Foods Corp. (JFC) said the planned initial public offering (IPO) of its Vietnamese coffee brand Highlands Coffee remains under consideration.<\/p>\n\n\n\n

\u201cThe numeric says it can go IPO, but we don\u2019t want to just go IPO for the sake of IPO,\u201d JFC Chief Financial Officer Richard Shin said in a virtual briefing last week when asked about Highlands Coffee\u2019s listing plans.<\/p>\n\n\n\n

However, Mr. Shin said JFC is not planning to pursue an IPO for Highlands Coffee as a standalone entity. JFC holds a 60% stake in the SuperFoods Group, which owns and operates the Highlands Coffee chain.<\/p>\n\n\n\n

\u201cHighlands Coffee going IPO, for example, in Vietnam as a standalone company is not something that we believe is the best way to take this forward,\u201d he said.<\/p>\n\n\n\n

\u201cWhen we take this to a capital market opportunity to create value for shareholders, we want to be very thoughtful and think about the best way we can move forward,\u201d he added.<\/p>\n\n\n\n

Mr. Shin said Highlands Coffee, which operates nearly 900 stores, is \u201cextremely profitable\u201d following macroeconomic headwinds in Vietnam, although he did not disclose specific figures.<\/p>\n\n\n\n

He also said JFC is not currently looking to acquire other coffee chains in the Philippines. Its other coffee ventures include The Coffee Bean and Tea Leaf (CBTL) and South Korea\u2019s Compose Coffee.<\/p>\n\n\n\n

\u201cWe\u2019ve now been seeing growth again for Highlands Coffee. We continue to build new stores, and we continue to believe in the brand,\u201d he said.<\/p>\n\n\n\n

In 2023, Mr. Shin said Highlands Coffee could be listed separately on the stock market.<\/p>\n\n\n\n

However, he emphasized that the IPO would only proceed at the appropriate valuation and timing that would benefit shareholders.<\/p>\n\n\n\n

In 2016, JFC, through its subsidiary JSF Investments Pte. Ltd., partnered with Viet Thai International Joint Stock Co. with the aim of listing SuperFoods on the Vietnam Stock Exchange by 2019. The listing did not push through following JFC\u2019s $350-million acquisition of CBTL that same year.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-332754","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=332754"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332754\/revisions"}],"predecessor-version":[{"id":332756,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332754\/revisions\/332756"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=332754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=332754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=332754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}