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IPO Series - CROPMATE BERHAD 农佳肥料 - 1st Bursa Fertiliser Manufacturer
CROPMATE IPO 讲解
1) YouTube
Figure 1: IPO timetable of CROPMATE BERHAD
-Will be listed on the ACE Board
-Will be listed on the ACE Board
Info of IPO
Enlarged no. of shares upon listing: 738 million
IPO price: RM0.20
Market capitalization: RM147.60 million
Estimated funds to raise from Public Issue: RM42.0 million
PE ratio = 14.68x (based on FY2023)
Enlarged no. of shares upon listing: 738 million
IPO price: RM0.20
Market capitalization: RM147.60 million
Estimated funds to raise from Public Issue: RM42.0 million
PE ratio = 14.68x (based on FY2023)
Figure 2: Business model of CROPMATE BERHAD
Source: CROPMATE BERHAD IPO prospectus
Source: CROPMATE BERHAD IPO prospectus
Figure 3: Utilisation of proceeds of CROPMATE BERHAD
Source: CROPMATE BERHAD IPO prospectus
Source: CROPMATE BERHAD IPO prospectus
Dividend Policy
-The group intends to distribute at least 30.0% of the group’s PAT of each financial year
-The group intends to distribute at least 30.0% of the group’s PAT of each financial year
Figure 5: Major customers and suppliers of CROPMATE BERHAD in FPE2024
Source: CROPMATE BERHAD IPO prospectus
Source: CROPMATE BERHAD IPO prospectus
Figure 6: Profit & Loss statement of CROPMATE BERHAD
Figure 7: Financial position of CROPMATE BERHAD
Figure 8: CROPMATE ferrtiliser brand
Source: CROPMATE BERHAD IPO prospectus
Financial overview, industry market, and personal opinion
-Referring to the financial position of the group, the total equity has increased almost 100% from FY2021 to FPE2024, meanwhile, the total liabilities do not show an increment but a reduction, from RM44.918million to RM43.149million within the same period
-The group’s business relies mainly on plantations and traders, and thus, it is closely tied with the movement of FCPO, as well as the global average prices of key fertilizers such as Nitrogen (N), Phosphorus (P), and Potassium (K).
-There are no listed companies to compare, and considering the financial performance, outlook, and industry demand, it demonstrates a neutral prospect regarding the businesses.
The details of the IPO prospectus can be accessed through
klsescreener.co...
-Referring to the financial position of the group, the total equity has increased almost 100% from FY2021 to FPE2024, meanwhile, the total liabilities do not show an increment but a reduction, from RM44.918million to RM43.149million within the same period
-The group’s business relies mainly on plantations and traders, and thus, it is closely tied with the movement of FCPO, as well as the global average prices of key fertilizers such as Nitrogen (N), Phosphorus (P), and Potassium (K).
-There are no listed companies to compare, and considering the financial performance, outlook, and industry demand, it demonstrates a neutral prospect regarding the businesses.
The details of the IPO prospectus can be accessed through
klsescreener.co...
By: Jshen Ng
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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minime00 : Great info, thanks a lot
iloveprofit : good analysis
Jshen Ng OP iloveprofit : Thank you, hopefully it benefits you![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")