KUALA LUMPUR (Feb 9): Hock Soon Capital Bhd, which is set to debut on the Main Market of Bursa Malaysia on Feb 13, recorded a net profit of RM8.4 million on a revenue of RM47.73 million for its first financial quarter ended Dec 31, 2025.
The results, announced via a bourse filing, were the group's first interim financial report. Hence, no comparative figures for the previous year were available.
The integrated poultry producer made a gross profit of RM16.2 million, translating to a margin of about 34%, while its net profit margin stood at 17.6%. "The final egg subsidies entitlement was fully received during the period, further supporting the improvement in the group’s gross profit margin which increased from 27% to 34% for the quarter under review," Hock Soon noted.
On outlook, Hock Soon reiterated its plan to expand its operations with a new poultry farm in Teluk Intan using proceeds from its initial public offering (IPO). “Upon completion of this new poultry farm within five years post-IPO, the group’s total egg production is expected to increase by 1.53 million eggs per day,” it said.
The group is also planning to expand sales by exporting its table eggs to Singapore. An export licence application has been submitted to the Singapore Food Agency and is expected to be approved by the first quarter of 2026, it said.
Based in Perak, the family-run company specialises in the rearing of layer chickens for the production and sale of table eggs. It sells its eggs unbranded, under its in-house Qplus label, or as third-party brands for its customers.
Its IPO, comprising a public issue of 100 million new shares at 60 sen each, received a muted response from investors ahead of its listing, with an oversubscription of just 0.36 times.
The Bumiputera tranche was marginally undersubscribed at a total subscription rate of 0.99 times, while the non-Bumiputera portion saw an oversubscription of 0.72 times.
Meanwhile, shares allocated to eligible persons and private placement of existing shares to selected investors were fully taken up.
Overall, the listing will raise RM60 million for the group, while the offer for sale under the IPO, involving the sale of 50 million existing shares, will raise RM30 million for the selling shareholders, managing director Ong Boon Leng and his family.
Upon listing, Hock Soon is expected to have a market capitalisation of RM300 million.