Swift Energy Technology Berhad is primarily engaged in the provision of industrial automation and power systems, focusing on process control, solar photovoltaic (Ex solar PV) solutions, and power distribution. The company primarily serves customers in the oil and gas sector, as well as industries related to grain products, edible oils, and food manufacturing. In addition to these core activities, Swift Energy supplies related products and services, including the distribution of power and industrial electrical products, along with technical services for process control and power distribution systems. Swift Energy was incorporated in 2022 and headquartered in Kuala Lumpur, Malaysia.
Cafe chain operator Oriental Kopi Holdings Bhd (KOPI, 0338) which is set to list on the ACE Market on Jan 23 at an IPO of RM 0.44 per share, has bring in positive sentiment from analysts for its future expansion plans and growth potential. Analysts have issued target prices exceeding RM 0.60 , reflecting higher market expectations. For the target prices of this IPO, TA Securities has set it at RM 0.62, while Mercury Securities has provided a higher target of RM 0.68, implying a premium potential of 41% and 54.5%, respectively. Oriental Kopi has established a dividend policy to allocate 30% of its net profit for dividends. Analysts thus predict dividend yields of 2.5%, 2.8%, and 3.1% for the FY2025 to 2027.
P-23=4hb march 25 P-34=19hb march 25 P-47=10hb April 25 P-54=21hb April 25
RP Projection base on IPO Price at rm0.44
RP Range base ipo rm0.44 RP+80=rm0.48 RP+120=rm0.50 RP+180=rm0.53 RP+240=rm0.56 RP+300=rm0.59 RP+450=rm0.665 RP+600=rm0.74 RP+750=rm0.815 RP+900=rm0.89
- Their offerings include in-store packaged coffee and tea, as well as various foods such as spreads, pastries, instant noodles, and seasonal items like mooncakes.
- Is set to list on the ACE Market of Bursa Malaysia on 23hb January 2025.
- The IPO involves the issuance of 418.1 million new ordinary shares at an offer price of RM0.44 per share,
- Aiming to raise approximately RM184 million.
- Post-IPO, the company's total NOSH(number of outstanding shares) will be 2 billion.
- Resulting in a market capitalization of about RM880 million.
Alliance Islamic Bank Berhad is serving as the principal adviser, sponsor, sole underwriter, and placement agent for this IPO.
KOPI(Oriental Kopi Holdings Berhad) - Is set to list on Bursa Malaysia's ACE Market on 23hbJanuary , 2025.
- The company aims to raise RM184 million through its IPO (Initial Public Offering),
- Pricing shares at 44 sen each, leading to an expected market capitalization of RM880 million upon listing. with enlarged issued share (NOSH) of 2 Billion upon listing.
IPO Details:
- Total Shares Offered: 418.1 million new shares, representing 20.9% of the enlarged issued shares (NOSH) of two billion upon listing.
- Allocation Breakdown: - 60 million shares available to the Malaysian public via balloting. - 20 million shares allocated to eligible directors, employees, and contributors to the company's success. - 88.1 million shares offered to selected investors through private placement. - 250 million shares reserved for Bumiputera investors approved by the Ministry of Investment, Trade, and Industry (MITI), also via private placement.
Utilization of IPO Funds:
1-Working Capital: = RM75.78 million (41.2% ) - To support daily operations and business growth.
2- New Head Office, Central Kitchen, and Warehouse in Selangor : =RM53.69 million (29.2% ) - To centralize management functions, optimize food and beverage operations, and enhance storage and distribution efficiency.
4- Marketing Activities in Foreign Countries: = RM5.5 million (3.0% ) - To promote brand presence and attract customers in international markets.
5- Expansion of Packaged Food Segment: =RM5 million (2.7%) - To develop and market in-store packaged coffee, tea, and other food products such as spreads, pastries, and instant noodles.
6- Listing Expenses : = RM7.6 million(4.1%) - To cover costs associated with the IPO process.
- These outlets are strategically located in shopping malls, shop lots, and Kuala Lumpur International Airport 2.
- The company also operates a specialty retail store in Johor Bahru.
- This strategic move is expected to provide Oriental Kopi with the necessary resources to accelerate growth, strengthen brand presence, and expand its market reach both domestically and internationally.
- Revenue Growth: KOPI has demonstrated significant growth, with revenue increasing from RM5 million in the financial year ended September 30, 2021, to RM277.3 million in FY2024,
- Marking a CAGR of 280.9% over three years.
Profitability:
- KOPI transitioned from a loss after tax of RM500,000 in FY2021 to a net profit of RM43.1 million in FY2024.
Based on the IPO price of RM0.44 per share, KOPI market capitalization upon listing is estimated at RM880 million. - Equating to P/E ratio of approximately 20 times its earnings for FY2024.
- A new 108,448 square foot facility in Puchong, Selangor, is under construction to house the head office, central kitchen, and warehouse, intended to streamline management functions and enhance operational efficiency.
Investor Considerations:
Potential investors should assess KOPI rapid growth trajectory, expansion strategies, and the competitive landscape of the F&B sector. - The company's significant revenue increase and transition to profitability are promising indicators; however, the success of its expansion plans and market reception post-IPO will be critical to sustaining its financial performance.
- The company reversed a loss of RM490,000 in FY2021 to achieve a net profit of RM43.1 million in FY2024, - Maintaining healthy net profit margins above 15% in the past two years. - This growth can be attributed to efficient cost management, strong pricing power, and growing customer volumes domestically in both of its primary revenue segments.
Valuation Metrics:
EPS: is approximately 2.16 sen for FY2024. - With an enlarged share capital of 2 billion shares post-IPO.
- P/E Ratio: the P/E ratio is about 20.37 times based on the FY2024 EPS. At the IPO price of RM0.44,
Fair Value Estimates:
-Analysts have provided fair value estimates ranging from RM0.62 to RM0.75 per share, - Indicating potential upsides of 40.9% to 70.5% from the IPO price.
Scenario(market open buy or no buy at 9am onward) I)If start with early 60 cents range a must buy. II)If 70 cents range no buy already. If wanted to buy also eventhough high price wait for feb 1 onward 2025. 15/1/25 11.15am
A global bond sell-off is deepening as investors pare Fed rate-cut expectations A global bond sell-off is deepening as investors pare Fed rate-cut expectations
There is one thing I am very curious, the boss has other businesses (Bubble Tea and etc) and Oriental Kopi is not losing money too. Why IPO when they could have easily funded via debt, sales of their other business or get other angel funds? KOPI is still in growing stage and profitable, why not grow it bigger first and only get it listed later? This is the part where I dont understand. Surely money is not an issue... unless they are tight on money.
BTW, why the queue always so long? All those Q, why? really love the food or got coupon or CC discount or promotion? Need to know if genuine or for show before IPO.
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