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Dogecoin price prediction: DOGE to climb to $0.400 resistance

TL;DR Breakdown Dogecoin price is expected to break above $0.400 towards $0.500 mark The closest support level lies at $0.300 DOGE faces resistance at the $0.400 mark. Dogecoin price has finally broken above the $0.30 mark, and strong bullish momentum has carried the price past the $0.35 mark. Dogecoin price records a 45percent price hike […]

Tuju Setia Berhad

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Open to apply: 26/04/2021
Close to apply: 05/05/2021
Listing date: 19/05/2021

Share Capital
Market Cap: RM221.780mil
Total Shares: 316.828mil shares (Public apply: 15.842mil, Company Insider/Miti/Private Placement/other: 91.683mil)

Industry (Net Profit %)
Building construction for Residential & Non-residential buidling. 
Tuju Setia: 6.4% (average 4 year 3.81%)
WCT: -10.8%
Suncon: 4.7%
Kerjaya: 11.2%
Vizione: -2.2%
GDB: 6.8%
Inta bina: 2.9%
TCS: 6.7%
Gagasan Nadi Cergas: 5.4%
Rimbaco: 3.4%

Business
M'sia: 100%

Fundamental
1.Market: Main Market
2.Price: RM0.70 (EPS:RM0.0513)
3.P/E: PE13.65
4.ROE(Pro Forma III): 16.5%
5.ROE: 30%(2020), 35%(2019), 31%(2018), 33%(2017)
6.Cash & fixed deposit after IPO: RM0.2458 per shares
7.NA after IPO: RM0.31
8.Total debt to current asset after IPO: 0.66 (Debt: 135.120mil, Non-Current Asset: 31.077mil, Current asset: 202.352mil)
9.Dividend policy: PAT 25% dividend policy.

Past Financial Performance (Revenue, Earning Per shares)
2020: RM255.768 mil (Eps: 0.0636)
2019: RM421.635 mil (Eps: 0.0369)
2018: RM327.794 mil (Eps: 0.0281)
2017: RM292.385 mil (Eps: 0.0230)

Net Profit Margin
2020: 6.36%
2019: 3.69%
2018: 2.71%
2017: 2.5%

Order book
2021: RM21.914 mil
2022: RM174.353 mil
2023: RM388.437 mil
2024: RM365.53 mil

After IPO Sharesholding
Wee Eng Kong: 44.37%
Dato' Wee Beng Aun: 21.86%
Wee Beng Chuan: 0.16%
Datin Seri Raihanah: 0.08%
Loo Ming Chee: 0.08%
Nor Adha bin Yahya: 0.08%

Directors & Key Management Remuneration for FYE2021 (from gross profit 2020)
Total director remuneration: RM2.084 mil or 8.96%
key management remuneration: RM1.45 mil - 1.7mil or 6.23%-7.30%
total (max): RM3.784 mil or 16.27%  

Use of fund
Capital Expenditure (Machines/equitment/Software): 42.86%
Capital Expenditure (Land/storage facilities): 14.28%
Working capital: 33.93%
Listing expenses: 8.93%

Good thing is:
1. PE13.65 is not too high & have good ROE.  
2. Still have some order book to sustain revenue until 2024. 
3. Have clear dividend policy. 
4. Most IPO fund to expand business activities. 

The bad things:
1. Company having high payable in liabilties. Grearing including payable is 2.49 in 2020. 
2. Overall 4 year revenue almost no increase. 
3. Major sharesholder age 60 & 63 (need more study on succession plan, & abilities of get new project). 
4. RM13.3mil (70%) of working capital from IPO fund to pay subcontractor services (payable in liabilities RM104mil). 
5. Net profit margin didn't exceed 10%.
6. Director & key management fees exceeded 10% of company gross profit. 

Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Consider a normal IPO. Construction of buidling activities might need to take another few year in Malaysia to see better growth. Please refer below 3 year revenue & risk reward estimation. 
 
*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.

Chainlink price prediction: LINK to test $40 resistance

TL;DR Breakdown Chainlink price is expected to face rejection at $40 The closest support level lies at $$38 LINK faces resistance at the $38.5 mark. Chainlink price has broken above the $32.00 mark and strong bullish momentum has carried the price past the $38.00 mark. Chainlink records an over 18 percent price hike across the […]

Fundstrat Is ‘Remaining Overweight Ethereum’, Has $10.5K Price Target for $ETH

On Thursday (April 29), David Grider, Director of Digital Asset Strategy at independent research boutique Fundstrat Global Advisors, talked about Bitcoin ($BTC), Ethereum ($ETH), and the overall crypto market in the firm’s “Weekly Crypto Briefing”. In this article, we focus mostly on his comments about Ethereum. In the firm’s latest crypto strategy note, Grider said that […]

Litecoin price prediction: LTC breaks above $270, eyes $300 next

TL;DR Breakdown Litecoin price is expected to rise to $300 The closest support level lies at $260 LTC faces resistance at the $275 mark. Litecoin price has broken above the $230 mark, and strong bullish momentum has carried the price to challenge the $273 mark. LTC records an over 21 percent price hike across the […]

Bitcoin Can Continue Rally Despite Falling Dominance: Analyst

Despite the falling dominance of Bitcoin, crypto-journalist Colin Wu shares that the leading cryptocurrency can continue with its rally.

Revolutionary Samecoin Ecosystem – the best Derivative Assets?

Derivatives shift the risk from the buyer of the derivative product to the seller and, as such, are very effective risk management tools. These assets improve the liquidity of the underlying instru­ment and perform an essential economic function, e.g., price discovery. Derivatives are better ways for raising money and contribute substantially to growing markets. Smart […]

STOs May Push Old School Venture Capital Funding Out of the Batter’s Box

When the invention of the ICO (Initial Coin Offering) was paired with the power of Internet marketing and augmented with bounty programs…

Surveillance project supported by Ripple’s Chris Larsen sees backlash from LGBTQ group

A $695,000 donation from Ripple co-founder Chris Larsen towards a community-led surveillance camera project in San Francisco is receiving backlash from certain sections of society, local outlet San Francisco Examiner reported today.

The post Surveillance project supported by Ripple’s Chris Larsen sees backlash from LGBTQ group appeared first on CryptoSlate.

Bitcoin (BTC) Shoots 10% Above $58,000 After Large Bitcoin Outflow from Coinbase

After some consolidation at $55,000 over the last few days, the world’s largest cryptocurrency Bitcoin (BTC) is once again showing northward momentum. Bitcoin (BTC) has jumped back 10% moving above $58,000 levels. At press time, BTC is trading at a price of $58,099 with a market cap of $1.086 trillion. As per data from CryptoQuant,

The post Bitcoin (BTC) Shoots 10% Above $58,000 After Large Bitcoin Outflow from Coinbase appeared first on Coingape.

Pancakeswap Price Analysis: CAKE Rides Channel To ATH But Weakness Is Showing

CAKE has had awesome week, rising nearly 100%. The bulls heavily grabbed low prices of $23 as cake rebounded like a cannon. Since the dip, the price has been steadily respecting an ascending channel with a high of near $44 at the time of writing.  For CAKE to continue its uptrend to a new ATH,

The post Pancakeswap Price Analysis: CAKE Rides Channel To ATH But Weakness Is Showing appeared first on Coingape.

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