PT RESOURCES HOLDINGS BERHAD (IPO Note) Recommendation : Subscribe IPO Price : MYR 0.36 Fair Value : MYR 0.54 Key Points: • PT Resources revenue CAGR was at 44.2% annually, mainly attributable to its processing and trading of frozen seafood products to overseas markets that saw sizeable increase in export sales to Saudi Arabia and China. • The IPO proceeds of MYR48.6 million will mainly be utilised for its working capital (55.9%), capex for new cold storage warehouses (36.3%), and the remaining for the listing expenses. This will increase the facility capacity to 4,000 tonnes from 700 tonnes. • Moving forward, the Group expects to grow export sales at a faster pace as compared to local sales and continue to generate more than 50% of revenue from the processing and trading of frozen seafood segments. The purchases of raw materials would also remain the main component of the total cost. • We believe demand for seafood would remain resilient, as part of essential products and supported by growing consumption in its overseas markets. We have a SUBSCRIBE recommendation on PT Resources with a target price of MYR0.54 and a target multiple of 10.8x (based on the enlarged issued share capital of 535,020,000), which represents a 12-month potential return of 50%. The indicative IPO price of MYR0.36 is based on PE Multiple of 6.8 and existing issued share capital of 400,020,000 shares).
Actually it worth rm 1 plus base on valuation.but market average so 50 percent discount 50 cents range.30 percent discount 70 cents range.risk less reward morem
Perniagaan Betamek is principally an investment holding company and provides management services to its subsidiary. Its subsidiary is engaged in the provision of electronics manufacturing services for the automotive markets predominantly in Malaysia, where they undertake design and development, procurement and manufacturing as well as after-sales services in respect of the assembly and production of fully-assembled electronic products.
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Cara Permohonan ATM, borang permohonan & online banking seperti M2U, Cimbclicks etc
Tarikh Buka Permohonan 28 September 2022
Tarikh Tutup Permohonan 07 Oktober 2022, 05.00 petang
Bought @0.395. This one consumer defensive, a bit slow the Bull! #2/3 weeks:-) The "E" n "G" is Volatile; so PE, PEG; just a general guidelines. So #10X PE is reasonable or Fair :-)
paktua hunt OKu bcoz.. he was make manu new comer trader(now most of them be paktua new group) lost bcoz influence by him he make many cut on lost at cnergen previously.. he make many newbies run with loses at sfp n lgms, also at agmo,infotec.. here he also yellingbptrb will be rm0.20.. now ptrb hit new high..
he blame others konon bring holland.. but he the one make many loses.. how oku need come up.. take responsible on what your bring up..
tut tut ada yang lost total their saving.. bcoz influence by oku..
come on laa president.. how do the person simply put easy comment.. say run die bla bla..
why when some good people do good can easy blame be con laa..bring holland laa..
when on devil side its ok laa do hard laa..not sink laa..
want to know come see own self.. paktua have many trader come be paktua team.. sebab loses bcoz of this devil person.. simply put bad thing without need to take responsible..
President aiya paktua 73 still take so hard for negative comment yea LO negative comment wont sink the stock unless the commentor got power to sell, in that case u should say TQ to such commentor willing warn before sell LOL 29/09/2022 9:14 AM
cakap senang laa sebab bukan anda yang tanggun kerugian.. paktua was bee hunt konon bring holland.. but. prove from cnergen,lgms,sfp,afmo,theta,corqza,hubiscus, syscorp,mgrc, many more..
paktua everyday get request from trader.. was crying loses bcoz od this kind naysayers.. bila kena kat mereka. not sink laa not reflect laa..
tut tut meh jumpa paktua.. paktua show how many burn bcoz of devil person act like savor
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
imvu
7,888 posts
Posted by imvu > 2022-09-27 08:22 | Report Abuse
ipo 0.360