IPO Series - AZAM JAYA BERHAD - Sabah Road Infrastructure Construction Firm
1) - YouTube
Timetable of IPO
Figure 1: IPO timetable of AZAM JAYA BERHAD
-Will be listed on the Main Board
-Will be listed on the Main Board
Info of IPO
Enlarged no. of shares upon listing: 500 million
IPO price: RM0.78
Market capitalization: RM500 million
Estimated funds to raise from Public Issue: RM61.46 million
PE ratio = 15.00x (based on FY2023)
Business Model
Enlarged no. of shares upon listing: 500 million
IPO price: RM0.78
Market capitalization: RM500 million
Estimated funds to raise from Public Issue: RM61.46 million
PE ratio = 15.00x (based on FY2023)
Business Model
Figure 2: Business model of AZAM JAYA BERHAD
Source: AZAM JAYA BERHAD IPO prospectus
Source: AZAM JAYA BERHAD IPO prospectus
Utilisation of Proceeds
Figure 3: Utilisation of proceeds of AZAM JAYA BERHAD
Source: AZAM JAYA BERHAD IPO prospectus
Source: AZAM JAYA BERHAD IPO prospectus
Dividend Policy
-The group targets a dividend payout ratio of at least 30%
-The group targets a dividend payout ratio of at least 30%
Major Customers and Major Suppliers
Figure 5: Major customers and suppliers of AZAM JAYA BERHAD
Source: AZAM JAYA BERHAD IPO prospectus
Post completed and on-going construction projects
Source: AZAM JAYA BERHAD IPO prospectus
Post completed and on-going construction projects
Figure 6: Post completed and on-going construction projects by Azam Jaya
Source: AZAM JAYA BERHAD IPO prospectus
Financial Summary
Figure 7: Profit & Loss statement of AZAM JAYA BERHAD
Figure 8: Financial position of AZAM JAYA BERHAD
Financial overview, industry market, and personal opinion
-The group’s revenue maintains at the range of RM230 million to RM300 million, however, the PAT margin seems to decrease from FY2021 to FPE2024, recorded from 14.77% to 5.26%, respectively. The total borrowings of the group increased from RM130.348 million to RM178.967 million within the period, thus causing the total assets to rise from RM321.516 million to RM386.585 million.
-Sabah is drawing the attention of investors for the mega infrastructure development, particularly the Pan Borneo Highway, stretching up to 1,236km. However, the Mid-Term Review of the 12th Malaysia Plan has revised the target annual growth rate of Sabah from 4.4% to 3.1%.
-Azam Jaya has a close relationship with / major customers of JKR Sabah and Kementrian Kerja Raya. This might be a risk/advantage for securing constant projects from these respective parties.
-The group’s revenue maintains at the range of RM230 million to RM300 million, however, the PAT margin seems to decrease from FY2021 to FPE2024, recorded from 14.77% to 5.26%, respectively. The total borrowings of the group increased from RM130.348 million to RM178.967 million within the period, thus causing the total assets to rise from RM321.516 million to RM386.585 million.
-Sabah is drawing the attention of investors for the mega infrastructure development, particularly the Pan Borneo Highway, stretching up to 1,236km. However, the Mid-Term Review of the 12th Malaysia Plan has revised the target annual growth rate of Sabah from 4.4% to 3.1%.
-Azam Jaya has a close relationship with / major customers of JKR Sabah and Kementrian Kerja Raya. This might be a risk/advantage for securing constant projects from these respective parties.
Disclaimer: The above content is not an investment advisory service and does not purport to tell or suggest which securities or stocks customers should buy or sell for themselves. It should not be assumed that the methods, techniques, or indicators presented above will be profitable or will not result in losses. You should not rely solely on information when making any investment. Rather, you should use the information only as a starting point for doing additional independent research to allow you to form your own opinion regarding investments.
The details of the IPO prospectus can be accessed through
AZAMJAYA - INITIAL PUBLIC OFFERING (" IPO") OF 128,800,000 ORDINARY SHARES IN AZAM JAYA BERHAD ("AZAM JAYA") ("SHARES") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AZAM JAYA ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING: (A) PUBLIC ISSUE OF 78,800,000 NEW SHARES ("ISSUE SHA...
The details of the IPO prospectus can be accessed through
AZAMJAYA - INITIAL PUBLIC OFFERING (" IPO") OF 128,800,000 ORDINARY SHARES IN AZAM JAYA BERHAD ("AZAM JAYA") ("SHARES") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AZAM JAYA ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING: (A) PUBLIC ISSUE OF 78,800,000 NEW SHARES ("ISSUE SHA...
By: Jshen Ng
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