KUALA LUMPUR: Oriental Kopi Holdings Bhd brewed up its strongest rally since its market debut, hitting a fresh high of 94.5 sen a share amid a trading frenzy that had investors lining up like customers for its signature kaya toast.
The counter jumped 9.88 per cent, or 8.5 sen, after opening at 86 sen and touching an intraday peak of 95 sen. Nearly 38 million shares changed hands, its busiest session since February, when it last served up a double shot of trading excitement.
Oriental Kopi made its debut on Jan 23 this year at 44 sen a share following an initial public offering that was oversubscribed by nearly 60 times.
The listing raised about RM184 million to fund the establishment of a new head office, central kitchen and warehouse, as well as to expand its cafe operations, packaged food segment and international marketing efforts.
For the second quarter of 2025, the group posted a net profit of RM13.82 million, fuelled by robust growth from its cafe operations and packaged goods business.
The performance was supported by increased walk-in customer traffic during the Chinese New Year period and the opening of new outlets.
Revenue for the quarter rose 5.47 per cent to RM103.18 million from RM97.83 million in the previous quarter, largely due to higher customer turnout at its cafés and stronger sales from its packaged goods segment.
© New Straits Times Press (M) Bhd
