Zamarull

Malacca Securities
Publish date: Thu, 08 Aug 2024, 09:24 AM

- We ascribe a fair value of RM0.54 (upside of 86.2% against IPO price of RM0.29) for Elridge Energy Holdings Berhad (EEHB). The valuation is derived by pegging a P/E of 20.0x to the FY25f EPS of 2.71 sen. We believe a P/E of 20.0x is justified as it in line with the average P/E of 20.8x of the selected peers.

2024-08-08 14:34

Zamarull

RHB Investment Research Reports

Publish date: Fri, 09 Aug 2024, 11:50 AM
- MYR0.38 Future Value, based on 16x FY25F P/E. Our 16x P/E target was obtained after benchmarking against the Bursa Malaysia Industrial Products and Services (KLPRO) Index. The 16x P/E ratio is at a discount compared to the weighted industry average of the renewable energy (RE) players.

2024-08-09 14:13

Zamarull

TA Sector Research

Publish date: Fri, 09 Aug 2024, 09:43 AM
- At an IPO price of RM0.29/share, Elridge is priced at a trailing PER of 24.6x FY23 EPS. We value the company at 18.6x FY25 EPS, arriving at a fair value of RM0.47/share.

2024-08-09 14:15

TRD

Why You Should Consider Buying MIKROMB (Stock Code: 0112)

Ownership in ELRIDGE Energy:

Before IPO: MIKROMB owns 25% of ELRIDGE Energy.
After IPO: MIKROMB will own about 20.6% of ELRIDGE Energy.
ELRIDGE Energy’s IPO:

Date: 22nd August.
IPO Price: RM0.29 per share.
Expected Market Cap: RM580 million.
Potential Gain:

First-Day Gain: If ELRIDGE’s stock price increases by 20% on the first day, its market cap could reach around RM700 million.
Value for MIKROMB: MIKROMB’s 20.6% stake in ELRIDGE would then be worth approximately RM140 million.
Current Situation:

MIKROMB Market Cap: RM300 million.
Stock Price: Trading at RM0.285 per share.
Opportunity:

With ELRIDGE’s potential value increase, MIKROMB’s stake would significantly boost its value.
This additional value is nearly 50% of MIKROMB’s current market cap.
Conclusion:

MIKROMB’s stock is currently undervalued considering the upcoming IPO of ELRIDGE.
This makes it clear why MIKROMB is an attractive buy right now. 🚀🚀🚀🚀

2024-08-12 16:28

berfikir

buy some...going to limit up

2 months ago

c2k9791

0.520 is possible... : )

2 months ago

snowy1

Volume is picking up with the impending listing of Elridge on Thurs 22 Aug. All the best to Mikromb investors!

2 months ago

Cockcroach

Yes! Mikromb has a large shareholding in soon to be listed Elridge

2 months ago

Zamarull

[ELRIDGE] Quarter Result on 30-Jun-2024
Announcement Date. 19-Aug-2024

Revenue 103,297,000
Profit before tax 15,483,000
Profit for the Period 11,708,000
Earnings Per Share 0.59

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3474574

2 months ago

45AMG

good luck tomorrow

2 months ago

MaiKanCheong

Limit up tomorrow

2 months ago

adikkici

Kena tipu haha

2 months ago

jayjerung

nohhhhh

2 months ago

Ari Aran Gopalan

Limit down plak haha

2 months ago

adikkici

Gostan banyak sangat sampai kena stop loss

2 months ago

soffone85

tangkap pisau.. let the IDSS play today

2 months ago

adikkici

What pisau ha.. sudah turun tutup gap 09/08/2024 punya

2 months ago

MaiKanCheong

Tot limit up, mana tau down plak. Why go down?

2 months ago

Lai Kwong Yih

Gonna limit down soon😭

2 months ago

adikkici

Wait tomorrow.. today boss londeh habis kasi push up Eldridge

2 months ago

MaiKanCheong

Ini insider trading, kasi report Bursa for UMA query

2 months ago

Kaizenzon

Mikro lost its soul to Eldridge

2 months ago

adikkici

Can average now. Tomorrow may up to 0.31

2 months ago

MaiKanCheong

Besok see TO price only decide enter. Takut la. Haha

2 months ago

Lai Kwong Yih

IDSS fella going to close their short now... hopefully 😶

2 months ago

Kaizenzon

Unless Eldridge hit profit taking

2 months ago

MaiKanCheong

Lai Kwong Yih, so last min baru want to close short position? I think today's selldown is intentionally by bosses. Hope tomorrow go up back to 0.30 above :)

2 months ago

MaiKanCheong

Kaizenzon, you mean elridge take profits, then buy back MK shares?

2 months ago

adikkici

Eldridge close green and quiet nice. Hopefully tomorrow mk rebound

2 months ago

Kaizenzon

Left right left right ma

2 months ago

Ari Aran Gopalan

Aiya why keep drop

2 months ago

adikkici

Recommended by many sifu... Now, sifu also sembuyi haha

2 months ago

Lai Kwong Yih

How's the story? Are we good?

2 months ago

45AMG

Sifu already run yesterday..

2 months ago

rothalizam

Harap 0.235 ni last support & harga start recover petang.
Skrg harga melawan arus..msti ada insider yg heavy selling.

2 months ago

rothalizam

4th QR report akan dijangka akan keluar minggu depan.
Net profit dr Elridge dah sumbangkan RM 2juta++.

2 months ago

Lai Kwong Yih

Net profit dari Elridge tak masuk lagi dalam report ni, I think.

2 months ago

rothalizam

i checked, start from last 2qr associates net profit dah masuk. masa tu under bio eneco.
Hope hari ni boleh buat hammer formation.
i noticed strong support at 0.23 level.
Hopefully bottom today is 0.235 just above support level.

2 months ago

45AMG

rebound..

2 months ago

Lai Kwong Yih

Hopefully... 😭

2 months ago

adikkici

No hope today

2 months ago

Kaizenzon

Friday mood la. Apa rebound?

2 months ago

Lai Kwong Yih

Lai liao, today green hammer, then Monday 1 big green batang UP!

2 months ago

adikkici

Better split to elridge. Can cover loss

2 months ago

zkdaniel

Red redred

2 months ago

adikkici

Sifu said pullback today. Haha what pullback ha??? Pull pull not coming back

2 months ago

lie8

Maybe Support Level at 0.21

2 months ago

Kaizenzon

Shake off contra players. Bilis cabut

2 months ago

soffone85

profit increased but no word on dividend

2 months ago

Ari Aran Gopalan

Nice volume

2 weeks ago