The meme coin community has set its aspirations for a bullish leg-up on the prominent meme coin Shiba Inu. In hope of SHIB initiating a similar run from October, where fellow meme coins had followed suit. The yearn for a moonish price surge intensifies following the buzz around Shiba Inu and Turkey. The buzz in …
Only 14 percent of check writers in US VC firms are female, highlighting the significant gap that remains between females and their male counterparts in the industry. Radhika Malik, a principal at Dell Technologies Capital (DTC), offers solutions to the VC gender gap.
The Indian banking industry plays a vital role in the country’s economic development. Over the past several decades, this industry has witnessed several changes, including technological advancements and diversification of financial products and services. The Indian banking system has only been improving since 1991 when the government encouraged foreign investments that opened our economy, leading […]
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***Important***Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision
Open to apply: 11/03/2022 Close to apply: 18/03/2022 Balloting: 23/03/2022 Listing date: 01/04/2022
Share Capital Market Cap: RM200.4 mil Total Shares: 668 mil shares
Industry & Competitor Pawbroking industry in Malaysia CARG: 4.79% Ar-Rahnu CARG: -9.77% Industry market shares: 2.15% (2020, included Ar-Rahnu).
Business (2021) Pawnbroking in Malaysia (Pajak Gadai) with interest rate 1.3%-2% pawn loan (per month). Pawnbroking: 56.37% Sale of unredeemed or bid pledges: 43.63%
Fundamental 1.Market: Ace Market 2.Price: RM0.30 3.P/E: 24.39 4.ROE(Pro Forma III): 4.02% (FPE2021) 5.ROE: 7.54%(FYE2020), 3.03%(FYE2019), 2.86%(FYE2018) 6.NA after IPO: RM0.24 7.Total debt to current asset after IPO: 0.11 (Debt: 18.883mil, Non-Current Asset: 10.487mil, Current asset: 169.337mil) 8.Dividend policy: no formal dividend policy.
Past Financial Performance (Revenue, Earning Per shares, PAT%) 2021 (FPE 30Sep): RM25.407 mil (Eps: 0.0081),PAT:21.36% 2020 (FYE 31Dec): RM30.769 mil (Eps: 0.0123),PAT:26.67% 2019 (FYE 31Dec): RM19.207 mil (Eps: 0.0029),PAT:10.22% 2018 (FYE 31Dec): RM10.010 mil (Eps: 0.0024),PAT:15.69%
After IPO Sharesholding 1. TSE Sejahtera: 47.85% 2. Lim Boon Hua: 50.17% (indirect) 3. Law Book Ching: 47.85% (indirect) 4. Lim Siew Fang: 47.85% (indirect) 5. Lee Kooi Lan: 47.85% (indirect)
Directors & Key Management Remuneration for FYE2022 (from gross profit 2021) Total director remuneration: RM0.441mil key management remuneration: RM0.305mil total (max): RM0.746mil or 5.4%
Use of fund 1.Expansion of pawnbroking outlets: 38.36% 2. Cash capital for existing 20 pawnbroking outlets: 54.05% 3. Listing expenses: 7.59%
Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision) Is a attractive IPO on the high interest return business but also come with high risk (category as high risk high return investment).
*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.
Finding a great roommate takes work. Giving yourself ample time to find one means you’ll likely end up with a peaceful living environment. Read on to learn how to find a roommate in a new city.
From 24-28 October, in the context of Leiden 2022: European City of Science, there will be a ‘Hotzone’ week dedicated to FAIR and specifically to FAIR Digital Objects as the core ‘machine actionable units of information’ necessary to build an Internet and Web of FAIR data and services. The week features two closely related events: […]
Tesla sales in Germany are going strong, with the Model 3 sedan and Model Y crossover commanding a lead in the country’s electric vehicle segment. This is quite an impressive accomplishment for Tesla, especially considering that its local EV production facility, Gigafactory Berlin, is yet to commence operations. Monthly sales data from the Federal Motor […]
Comair issued this statement: Comair is unable to confirm when it will start flying again as the South African Civil Aviation Authority (SACAA) has indefinitely suspended its operating license until such time as the SACAA has had time to review and satisfy themselves that the items are closed. This is despite the airline […]
U.S. President Joe Biden signed an executive order (E.O.) outlining federal efforts to research and develop specific guidelines for the use of bitcoin, alternative cryptocurrencies and a possible Federal Reserve central bank digital currency (CBDC) as the country seeks to remain at the core of the global financial system. The order highlights how the […]