Solar District Cooling Berhad (SDC) is mainly involved in the provision and maintenance of building management systems (BMS), solar thermal systems (STS) and energy saving services (ESS). Within the BMS space, the group focuses on system integration of building facilities to provide automation, energy saving services as well as building facility management centralization. In the STS & ESS segment, the group focuses on solar thermal hot water systems, mainly for heavy users of hot water such as hospitals and hotels.
The IPO entails a public issue of 118.7mn new ordinary shares, at an IPO price of RM0.38/share.
1. Established track record in the BMS industry.
2. Strong technical expertise and certifications.
3. Own brands to facilitate awareness and customer loyalty.
At an IPO price of RM0.38/share, SDC is priced at a trailing PER of 25.4x FY23 EPS. We value the company at 17.6x FY25 EPS, arriving at a fair value of RM0.43/share.
Source: TA Research - 5 Sept 2024
Chart | Stock Name | Last | Change | Volume |
---|
Created by sectoranalyst | Sep 05, 2024
Created by sectoranalyst | Sep 03, 2024
Created by sectoranalyst | Sep 03, 2024