Aurelius Technologies Bhd (ATECH) is an electronic manufacturing services (EMS) provider focusing on industrial electronic products. Offering engineering support services, prototyping, board assembly, mechanical assembly, testing, labelling, packaging and direct shipment fulfilment, ATECH provides EMS for printed circuit board assembly (PCBA), sub-assemblies, box-build and system build products. ATECH expanded into the manufacturing of semiconductor components comprising multi-component integrated circuit (IC) for internet of things (IoT) applications in FY20 and the mass production of these semiconductor components commenced in FY21. As at 1 Nov 2021, ATECH has a total of 11 Surface Mount Technology (SMT) lines of which 4 SMT lines are dedicated to the manufacturing of semiconductor components. ATECH's customer base is spread across 11 countries covering Asia Pacific, the Americas and Europe.
Moving forward, ATECH intends to expand its production facilities, which in turn will increase its production capacity, and upgrade its manufacturing facilities towards Industry 4.0, besides introducing new products. We derive a fair value of RM1.64 based on a 21x PE multiple to its FY23F EPS of 7.8sen. The IPO is expected to raise approximately RM104.7m from the issuance of 77.0m new shares. Besides utilising 38.2% of the proceeds to acquire new machinery and equipment, 28.2% and 26.9% of the proceeds are allocated for repayment of borrowings as well as working capital, respectively.
Source: PublicInvest Research - 3 Dec 2021
As at the LPD, we employed 1,030 workers including 1,008 Malaysian workers and 22
foreign workers. In this respect, our business operations mainly rely on Malaysian workers. In the event of any shortages of Malaysian workers, this may materially affect our business operations. As at the LPD, we also have 108 contract Malaysian workers for our factory floor who are not our employees but supplied by third parties.
Hope there is no labor issue in this company.
Full Virtual Prospectus Launch : https://www.youtube.com/watch?v=N6pCyuM2MtY
2021-12-15 11:38
birkincollector
must check labour issue first
2021-12-05 22:23