SUPREME CONSOLIDATED RESOURCES BERHAD
KLSE (MYR): SUPREME (03018)
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Company warrants are issued by the company and give the holders the right, but not an obligation, to subscribe for new ordinary shares at a specified price during a specified period of time.
Structured warrants are proprietary instruments issued by a third-party issuer, namely an eligible broker or financial institution that give holders the right, but not the obligation, to buy (call warrants) or sell (put warrant) the underlying instrument in the future for a fixed price.
A call warrant is in-the-money when the exercise price is lower than the price of the underlying share.
A put warrant is in-the-money when the underlying share price is lower than the exercise price.
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1 person likes this. Showing 9 of 9 comments
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2023-11-21 15:39
Supreme Consolidated sets IPO price at 25 sen, applications to close on Nov 15
Myia S Nair/theedgemalaysia.com
28 Oct 2024, 12:32 pm
https://theedgemalaysia.com/node/731816
3 weeks ago
@Louis Wong this is IPO u can buy now for IPO and wait for ballot if not can wait when listing which is on 29november
2 weeks ago
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1 week ago
Supreme Consolidated Resources Bhd (SCRB), formerly known as Qilin Integrated Resources Bhd, is a Sarawak-based distributor of fast-moving consumer goods (FMCG), including frozen and chilled food products, ambient food and beverages, and non-food items. The company is transitioning from the LEAP Market to the ACE Market of Bursa Malaysia, with its initial public offering (IPO) application closing on November 15, 2024.
Performance on the LEAP Market:
While detailed financial performance data during its tenure on the LEAP Market is limited, SCRB has demonstrated growth in its distribution network and product offerings. The move to the ACE Market is intended to enhance liquidity and provide access to a broader investor base.
IPO Details:
The IPO is priced at RM0.25 per share, aiming to raise approximately RM17.5 million. The proceeds are allocated as follows:
62.86% (RM11 million): Expansion of warehouse facilities to increase storage capacity by over 1,500 pallets, supporting product line growth.
22.86% (RM4 million): Working capital to support daily operations and business expansion.
Remaining funds: Covering listing-related expenses.
Analyst Insights:
Analysts have expressed optimism about SCRB's growth prospects, citing the company's plans to widen distribution channels into Sabah, expand warehouse facilities, and capitalize on a positive industry outlook in Sarawak. A fair value of RM0.40 per share has been suggested, indicating a potential 60% upside from the IPO price.
Considerations for Potential Investors:
Growth Potential: SCRB's strategic initiatives, including warehouse expansion and market penetration into Sabah, position the company for potential growth.
Industry Position: As a key distributor in the Sarawak and Sabah regions, SCRB benefits from established relationships and market knowledge.
Market Conditions: The FMCG sector's performance and broader economic factors can influence SCRB's success.
Financial Health:
Fundamentals
1. Market & Pricing: Listed on the ACE Market at RM0.25, SCRB’s stock offers an accessible entry point for investors interested in mid-sized growth potential.
2. Profitability Ratios:
P/E Ratio: With a forecasted P/E of 11.9, the valuation appears fair, suggesting a reasonable entry price for expected earnings.
ROE: The company’s ROE has improved slightly, projecting 10.3% post-IPO, indicating effective use of reinvested capital.
3. Assets and Debt:
Debt: A total debt-to-current asset ratio of 0.478 shows that current assets can comfortably cover debt, indicating prudent financial management.
Net Asset: Though net assets are nil, the current and non-current assets provide stability.
4. Dividend Policy: Without a formal dividend policy, SCRB is focused on growth, making returns likely through stock appreciation.
5. Shariah Status: As Shariah-compliant, SCRB is accessible to a broader, Islamic-compliant investor base.
Past Financial Performance
1. Revenue Growth: SCRB’s revenue has increased from RM187.5 million in 2021 to RM199.6 million in 2023, with RM132.7 million achieved in the first seven months of 2024, indicating ongoing demand.
2. Profit Margins:
PAT: PAT has ranged from 3.89% to 4.74%, reflecting a stable but modest profit margin typical in FMCG distribution.
3. EPS: EPS has grown steadily, enhancing shareholder value.
Summary
SCRB’s growth potential, steady revenue, and manageable debt position make it an appealing option for those prioritizing capital growth. With returns expected through stock appreciation, SCRB offers a stable yet growth-oriented investment case.
Conclusion:
I would invest in the company as investing in SCRB's IPO presents an opportunity to participate in the company's growth trajectory within the Malaysian FMCG distribution sector. The planned use of IPO proceeds for capacity expansion and working capital suggests a focus on scaling operations. However, as with any investment, it is crucial each individual to their own assessment thorough due diligence, considering both the company's fundamentals and prevailing market conditions, to make their own decision.
6 days ago
Supreme Consolidated IPO oversubscribed by 349 times
Tuesday, November 19th, 2024
https://themalaysianreserve.com/2024/11/19/supreme-consolidated-ipo-oversubscribed-by-349-times/
1 day ago
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