Malacca Securities Flags FOODIE as Digital Media Rising Star, Sees 57% Upside
StockTipRatings ·
Malacca Securities analyst Muhammad Nabil has assigned a fair value of RM0.47 for the upcoming IPO of Foodie Media, implying a potential upside of 57% from its IPO price of RM0.30. He likes the company for its strong digital presence across 37 lifestyle brands with a combined 46 million followers, noting that its ability to deliver cross-vertical campaigns at scale and sustain healthy traffic supports premium pricing.
Nabil projects a 3-year (FY26–28F) earnings CAGR of 39.1%, supported by talent expansion and rising demand for digital media advertising. He also highlighted Foodie Media’s solid net margin of 31.1%, well above the peer average of 12.2%.
Muhammad Nabil, an analyst who primarily covers the consumer products & services sector under Non-Rated and Initiation Coverage reports on StockTipRatings.com (based on data since 2023). He currently has no recorded 1-year average return or success rate, as 21 of the 25 stocks he covered fall under Non-Rated reports. In his latest IPO note on PolymerLink Holdings, he set a fair value of RM0.32, implying a 28% upside from its IPO price of RM0.25. The stock is scheduled to be listed on November 25.
Foodie Media is primarily involved in digital content creation and publishing across major social platforms, complemented by its fast-growing KOL marketing, live commerce, and short-film drama services.
The IPO application for Foodie Media will close on November 19, ahead of its ACE market listing on November 28.