Gohub as a transportation IT solutions provider, has a 3-year revenue CAGR of 32%, rising from RM19m in FY20 to RM44m in FY23 and they are currently tendering for RM200m-300m worth of projects, which could include 1) ECRL, 2) JB-Singapore RTS Link, 3) AFC upgrade (for LRT, MRT & Monorail lines), and 4) Cashless payment upgrade for Rapid KL buses.
MALACCA Securities has set a fair value of 68 sen for bus and rail IT services provider Go Hub Capital Bhd, nearly double its initial public offering price of 35 sen per share.
Go Hub is scheduled to be listed on the ACE Market on July 3, 2024. Malacca Securities derived the fair value by applying a price-to-earnings (P/E) ratio of 24 times to the FY2 earnings per share of 2.84 sen.
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Keqing Tan
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Posted by Keqing Tan > 2024-06-29 08:40 | Report Abuse
qr havent release yet?