In today’s briefing:
- Pre-IPO IFBH Pte. Ltd. (PHIP Updates) – The Hidden Risks Behind the Strong Growth and High Margins

Pre-IPO IFBH Pte. Ltd. (PHIP Updates) – The Hidden Risks Behind the Strong Growth and High Margins
- IFBH’s revenue showed high growth in 2024. Due to asset-light business model, IFBH has good profit margin performance. Net profit is expected to have 20+% growth in next three years.
- IFBH is facing significant pressure from intensified market competition and price wars. In recent years, a large number of brands have flooded the coconut water market, with serious product homogenization.
- Considering the high risk of single product layout, concentration of customers/suppliers, and the far from perfect supply chain, there’s uncertainty in future prospects. Valuation could be lower than industry average
