At an issue price of 36 sen apiece, PT Resources aimed to raise up to RM48.6 million from the issuance of the 135 million new shares under the IPO.
The group said it has earmarked RM17.64 million to build a new cold storage warehouse, ring-fenced RM27.18 million for working capital — specifically the purchase of raw materials, which mainly comprise fresh and frozen seafood and meat products — and allocated the remaining RM3.79 million to defray estimated listed expenses.
According to the IPO prospectus, PT Resources’ profit after tax for the financial year ended April 30, 2022 (FY22) stood at RM21.11 million, compared with RM16.06 million in FY21, RM12.23 million in FY20, and RM15.23 million in FY19.
Revenue totalled RM349.14 million in FY22, RM186.45 million in FY21, RM161.31 million in FY20, and RM116.4 million in FY19.
Does Malaysia import seafood? Malaysia Imports of Meat, fish and seafood preparations was US$173.2 Million during 2021, according to the United Nations COMTRADE database on international trade.
I use to be quite active in I3.....but nah.......nowsday here to collect useful information. Well, let me know when your Mr. Kampung 123 do RM125M in sales /quarter and we can b*tch about PTRB. As for now, I park to buy another batch at 55c. @^_^@ meow.
1) Malaysia Imports of Meat, fish and seafood preparations was US$173.2 Million during 2021, according to the United Nations COMTRADE database on international trade.
2) Revenue totalled RM349.14 million in FY22, RM186.45 million in FY21, RM161.31 million in FY20, and RM116.4 million in FY19.
Frozen seafoods is readily and easily imported and exported unlike import and export of fresh and live seafoods which require stringent packings and timely delivery. Frozen food is a trend now.
From the Edge Markets : "PT Resources inks MOU to jointly develop RM1 bil supply chain park in kuantan. The MOU is with Ocean Exchange.....never mind if Ocean Fresh and QL don't know them so long that more and more oversea company recognise them. @^_^@ meow.....
Huangbk72
Simple question. Ask any Malaysia seafood processor Owners, do they know PTRB bosses? Frankly most if not all don’t know. Why? Seafood circle is small, everyone knows everyone if been in business long.
Hint: call QL or Oceanfresh in Kuantan.
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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....
Johnchew5
4,207 posts
Posted by Johnchew5 > 2023-02-22 09:47 |
Post removed.Why?