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Old Chang Kee: A snack stock too tasty to ignore

Frankie Ho
Frankie Ho • 5 min read
Old Chang Kee: A snack stock too tasty to ignore
Old Chang Kee’s substantial cash pile gives it the firepower to scout for acquisitions — a move it has hinted at as it looks beyond organic growth / Photo: The Edge Singapore
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They say good things come in small packages. Han Keen Juan took that literally and deep-fried it.

Han’s palm-sized curry puff didn’t just win over taste buds. It turned his company, Old Chang Kee (SGX:5ML) , into a snack empire. In doing so, he also proved that even in a bite-sized market like Singapore, a well-cooked idea can scale and sizzle.

By most financial metrics, Old Chang Kee is a model of resilience. Much of that has to do with Singaporeans’ love for all things deep-fried. Consider this: As a listed entity, Old Chang Kee has never been in the red, not even during the Covid pandemic (although government aid did help shore up its bottom line during the lockdown).

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