Wellspire eyes long-term growth strategy in Asean after IPO

ALTHOUGH the consumer sector is one that is often sought after by investors for its ability to churn out healthy cash flows, there are not that many new listings in this segment of the business. This is despite the fact that the number of new listings on the ACE Market reached record levels this year.

The last significant consumer play initial public offering (IPO) was Farm Fresh Bhd, which debuted on March 22 at a demanding price earnings (PE) multiple of almost 35 times times.