Zephyrnet Logo

Tag: ratio

2021 highlights for listed Forex brokers – Who are the winners?

Most successful Forex brokers in 20212021 was a great year for financial markets around the world. The demand for Forex trading services has increased massively globally, with Forex brokers having the opportunity to gain massive exposure among retail traders. While many Forex brokers had a good year in 2021, others struggled a little bit. The ongoing events around the world […]

How ditching carbon will boost your triple bottom line

Gone are the days where corporate leaders focused on a profit-centred bottom line. Or are they?This approach implies embedding two additional elements within your...

AR In Industrial Marketing and Selling: 5 Use Cases in 2023

Augmented and Virtual Reality Markets for Industrial Manufacturing are growing and are...

Karura: THE all-in-one DeFi hub of Kusama

The Karura Project has a lot to live up to. Winning Kusama’s first Parachain Auction in style (somewhat predictably, some might say), brings high expectations. Rather than shy away from the inevitable scrutiny such a victory evokes, Karura boldly self-proclaim as “THE all-in-one DeFi hub of Kusama”. This article explores just how deserving this mantle […]

The post Karura: THE all-in-one DeFi hub of Kusama appeared first on Coin Bureau.

How to Find an Experienced Real Estate Agent in 5 Easy Steps

When it comes to working, we want our colleagues and superiors to have experience. We want them to be familiar with the tasks and processes so that things become easier. This is the same with investing in real estate. We want our real estate agents to be experienced, whether as an agent or as an investor, so that confusion and misunderstandings are avoided. In this article we’re going to cover how to find an experienced real estate agent and where you can connect with them. An experienced real estate agent will have knowledge of the common problems that arise in buying or selling property, making them capable of presenting optimal solutions. For this reason, having an experienced real estate agent guide you through the whole investing process will make it easier. This article will assist you in finding the best agent for your real estate needs and why you need … Continued

The post How to Find an Experienced Real Estate Agent in 5 Easy Steps appeared first on FastExpert.

Top 10 Crypto Research Tools: Where To Do Your Own Research?

“Do your own research”. These words (or the initialism DYOR) have been heard more than once especially if you watch the Coin Bureau YouTube channel. That’s because when investing in something it’s best the decision comes from you, made on the basis of information you’ve found while doing your research. Relying solely on a third-party […]

The post Top 10 Crypto Research Tools: Where To Do Your Own Research? appeared first on Coin Bureau.

Tezos Jumps Following Partnership With Gaming Developer

Open-source proof of stake blockchain Tezos (XTZ) received a boost this week from a partnership with the gaming company behind hits like Assassin’s Creed, Tom Clancy, and Far Cry. In a press release, French video game company Ubisoft announces a partnership with Tezos to create Ubisoft Quartz, a platform for playable and energy-efficient non-fungible tokens […]

The post Tezos Jumps Following Partnership With Gaming Developer appeared first on Coin Bureau.

How To Create a Crypto Portfolio That Can Survive a Bear Market

We’ve all heard the rumors; a bear market is coming eventually. Whether it be in 2 months or six months is up for anyone to guess; however, we know it will be here, and you want to be prepared when it does. It’s nothing new in the crypto industry, and those that have been here […]

The post How To Create a Crypto Portfolio That Can Survive a Bear Market appeared first on Coin Bureau.

SWIFT HAULAGE BERHAD

Copyright@http://lchipo.blogspot.com/
Follow us on facebook: https://www.facebook.com/LCH-Trading-Signal-103388431222067/

Open to apply: 30/11/2021
Close to apply: 07/12/2021
Price determination date: 08/12/2021
Balloting: 09/12/2021
Listing date: 21/12/2021

Share Capital
Market Cap: RM916.5 mil
Total Shares: 889.8045mil shares
***Issue price RM1.03 (final price will finalise after institution offer completed)

Industry Competitor PE
Tasco: PE14
Freight Management:PE13.8
CJCen: PE50.46
Tnlogis: PE24.92
Xinhwa: PE19.34

Business (2021)
Integrated logistics services: Container haulage, land transportion, freight forwarding, warehousing & container depot. 
Other services: 3S for commercial vehicles, general insurance agency, E-commerce retailing. 

Revenue by Geo (2021)
Msia: 93.8%
Thailand: 2.8%
other countries: 3.4%

Fundamental
1.Market: Main Market
2.Price: RM1.03 (final price determined 08/12/2021)
3.P/E: 21.5 (EPS: 0.048)
4.ROE(Pro Forma III): 8.89% (forecast using 5mth FPE2021)
5.ROE: 9.8%(FYE2020), 9.45%(FYE2019), 12.17%(FYE2018)
6.Cash & fixed deposit after IPO: 0.0155
7.NA after IPO: RM0.35
8.Total debt to current asset after IPO: 3.1 (Debt: 0.751 bil, Non-Current Asset: 1.093 bil, Current asset: 0.235 bil)
9.Dividend policy: PAT 30% dividend policy. 
 
Past Financial Performance (Revenue, Earning Per shares, PAT%)
2021 (5mths): RM248.533 mil (Eps: 0.025),PAT: 9.0%
2020: RM555.838 mil (Eps: 0.047),PAT: 7.6%
2019: RM610.201 mil (Eps: 0.041),PAT: 6.1%
2018: RM496.979 mil (Eps: 0.046),PAT: 8.3%
***EPS is base on comprehesiove income divided 899.8045 mil shares (Diluted EPS in prospectures book didn't use enlarged shares after IPO). 

After IPO Sharesholding
Loo Yong Hui: 35.87% (indirect)
Dato' Haji Md Yusof: 35.87% (indirect)
Loo Hooi Keat: 35.87% (indirect)

Directors & Key Management Remuneration for FYE2022 (from gross profit 2020)
Total director remuneration: RM2.996 mil
key management remuneration: RM6 mil- 6.45 mil
total (max): RM9.446 mil or 5.09%  

Use of fund
Constuction of new warehouse: 17.6% (currently have 6 warehouse)
Puchase of land: 25.7% (currently have 2.381 mil sq haulage yards)
Purchase of 30 prime movers: 7.4% (currently have 966 Prime mover, 5402 trailers)
Repayment bank borrowings: 43.1%
Listing expenses: 6.2%

Highlight
1. New warehouse in Port Klang (estimated complete build 2nd quarter 2022). 
2. Acquisition of cold-chain logistics companies (3rd quarter 2022).

Good thing is:
1. Director & key management remuneration below 10%. 
2. The company business is almost near to life necessity and economic necessity industry. 
 
The bad things:
1. PE21.5 is above market average PE. 
2. ROE below 15%
3. Debt to current asset ratio is too high. 
4. Revenue did not growth much 2018-2021. 
5. PAT% margin is less than 10%, & averege industry competiror PAT also not over 10% PAT (profit after tax margin)
6. 43.1% IPO use to repayment of bank borrowing. 
7. Swift have 6 warehouse, expand 1 new warehouse highly chance will not double their revenue in 5 year. 
8. Purchase of 30 prime mover is small percentage of the total vehicle they have. 

Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Overall is an expensive IPO. The industry profit after tax margin for the company averagely is below 10 (Swift PAT:  7.6%). Company IPO PE is a bit higher then the industry average. 
*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.

YouHodler Will Delist Bitcoin SV (BSV) to Protect Its Users’ Holdings

YouHodler, a fintech platform that helps people access the benefits of the crypto economy, announced that it would delist the Bitcoin SV (BSV) coins on November 9th, 2021. Current holders are able to withdraw their BSV holdings or exchange it for other coins. All trading deals and BSV backed loans will be closed automatically on November 9th and after that all BSV coins will be automatically converted to Bitcoin at market rate.

“Most crypto companies followed Binance which loudly announced its decision to delist BSV tokens back in April 2019. Relying on our core principle of letting customers decide what to hodl and trade, we held on to BSV much longer as people were still interested in  hodling it”, says Ilya Volkov, CEO & Founder of YouHodler. “At this point the trust in Bitcoin SV plummeted and we can no longer allow our clients to hold it as it could lead to a total loss of funds. That's why we made a decision to delist BSV from YouHodler's platform”.

Bitcoin SV is a fork of Bitcoin Cash created in 2018 after a group of miners disagreed with the ecosystem's decision on solving the scaling issues. During the summer of 2021 Bitcoin SV suffered multiple 51% attacks, making the audience question the safety of its network. The people behind Bitcoin SV have also made dubious claims and attempted to manipulate the market. As of today, Bitcoin SV is the token #54 on Coinmarketcap and its market capitalization is shy of $3 billion. 

YouHodler's users are able to convert their BSV to BTC, ETH, ADA, BNB, LTC, XLM, XRP, DASH, HT, DOGE and other popular cryptocurrencies and tokens. YouHodler's solutions open up connections between crypto and the real world, allowing people to use their crypto assets without spending them. With YouHodler, users can buy and sell crypto at any time, use it for purchases or put it in a reward account generating up to 12% yields. In addition, they can exchange crypto, fiat and stablecoins and get instant cash and crypto loans with their crypto assets acting as collateral.

About YouHodler

YouHodler is a fintech platform that helps people access the benefits of the crypto economy. It allows users to get instant cash and cryptocurrency loans, exchange crypto, fiat and stablecoins quickly and easily, and earn up to 12% APR + compounding interest by depositing crypto in their account. The platform has the highest loan to value ratio (90%), with minimum loan amounts starting at just $100 and accepts the top 30 coins as collateral with instant credit card and bank withdrawals included. YouHodler supports BTC, ETH, ADA, BNB, LTC, XLM, XRP, DASH, HT, DOGE and other popular cryptocurrencies and tokens. Users' funds are protected with Ledger's industry-leading and independently-certified security technology, as well as their insurance program. The company is an EU and Swiss-based brand with two main offices in Cyprus and Switzerland. For more information please visit https://www.youhodler.com 

What You Need to Know About Climate Friendly Investing vs. ESG

Why we generally find ESG to be a poor filter for climate-focused investors We’ve spent hours pouring through the holdings of various ESG ETFs and...

The 13 Best Sales Enablement Software & Platforms in 2023

Sales enablement platforms are to feed sales representatives with productive content and give them opportunities to sell.It has become a necessity for sales enablement...

Latest Intelligence

spot_img
spot_img