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Posted by
Two Blokes Jun 17 -
Filed in
Stock
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8 views
MasterBeef is Hong Kong's largest hotpot chain by market share, recently IPO'd, and is expanding into Southeast Asia to offset domestic growth slowdown. Financials show strong cash generation and low debt, but same-store sales are slipping and organic growth is lacking, raising concerns about sustainability. The stock has surged post-IPO, but current valuation appears stretched versus peers like Super Hi International, with limited justification for a premium.
