Copyright@http://lchipo.blogspot.com/ Follow us on facebook: https://www.facebook.com/LCH-Trading-Signal-103388431222067/
***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.
Professional poker player Bill Perkins is the latest guest to join Jeff Gross on the Coin Rivet podcast. The Texan hedge fund manager turned poker pro is now a huge supporter of cryptocurrencies and NFTs, notably Bitcoin and Ethereum.
If you love unleashing the Dive of the Valkyries or Rage of Helheim on your enemies and enjoy watching John Wick take on gobs of henchmen with surgical precision, keep reading. Xbox and Microsoft Movies & TV have teamed up with Ubisoft to give you the Hati Wolf Mount DLC for Assassin’s Creed Valhalla free […]
PRESS RELEASE. Have you ever fantasized about of traveling to an endless cosmos to face off against cosmic warriors for control of the universe’s ultimate power? With NoVa Battle, you can get the chance to live your wildest dreams out of your mobile device. So, what exactly is NoVa Battle? And what makes it so…
It seems there’s a service for everything, but sometimes you simply learn more by doing it yourself. If you haven’t enjoyed the somewhat anachronistic pleasures of running your own server …read more
Calling all beginner Forex traders! We’ve put together a comprehensive webinar dedicated to teaching you how to trade the financial markets! Next Monday, March 21st at 6 pm GMT, our seasoned market expert David Kindley will be going live on Zoom to cover all the benefits of trading stock CFDs, so you can begin to […]