IPO Series - SOLAR DISTRICT COOLING GROUP BERHAD
Timetable of IPO
Figure 1: IPO timetable of SDCG
Full Video for SDCG IPO (Chinese version) - YouTube
Info of IPO
Enlarged no. of shares upon listing: 423.82246 million
IPO price: RM0.38
Market capitalization: RM161.05 million
Estimated funds to raise from Public Issue: RM45.09 million
PE ratio = 25.36x (based on FY2023)
Enlarged no. of shares upon listing: 423.82246 million
IPO price: RM0.38
Market capitalization: RM161.05 million
Estimated funds to raise from Public Issue: RM45.09 million
PE ratio = 25.36x (based on FY2023)
Business Model
Figure 2: Business model of SDCG
Source: SDCG IPO prospectus
Source: SDCG IPO prospectus
Utilisation of Proceeds
Figure 3: Utilisation of proceeds of SDCG
Source: SDCG IPO prospectus
Source: SDCG IPO prospectus
Dividend Policy
-The group does not have any formal dividend policy
-The group does not have any formal dividend policy
Major Customers and Major Suppliers in FY2023
Figure 5: Major customers and suppliers of SDCG in FY2023
Source: SDCG IPO prospectus
Source: SDCG IPO prospectus
Financial Summary
Figure 6: Profit & Loss statement of SDCG
Figure 7: Financial position of SDCG
Financial overview, industry market, and personal opinion
-Based on the PAT margin, the group has maintained more than 20% of margin from FY2021 to FP2024, with the recorded margin of 24.01%, 27.80%, 23.83%, and 20.245 respectively.
-Based on the information in the market research report, there are no listed companies to compare with SDCG as they are all Sdb Bhd.
-By looking into the macroeconomics and the group business nature, it is potential to benefit from the newly-introducing concept of ESG in recent years, solar theme, and energy-optimised industry.
-Based on the PAT margin, the group has maintained more than 20% of margin from FY2021 to FP2024, with the recorded margin of 24.01%, 27.80%, 23.83%, and 20.245 respectively.
-Based on the information in the market research report, there are no listed companies to compare with SDCG as they are all Sdb Bhd.
-By looking into the macroeconomics and the group business nature, it is potential to benefit from the newly-introducing concept of ESG in recent years, solar theme, and energy-optimised industry.
Would you apply for this IPO? Share your thoughts in the comments section below
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 the information in 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
- INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARE CAPITAL OF SOLAR DISTRICT COOLING GROUP BERHAD ("SDCG") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING A PUBLIC ISSUE OF 118,670,000 NEW ORDINARY ...
- INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARE CAPITAL OF SOLAR DISTRICT COOLING GROUP BERHAD ("SDCG") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING A PUBLIC ISSUE OF 118,670,000 NEW ORDINARY ...
By: Jshen Ng
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Jshen Ng OP : Friendly reminder, today (before 5p.m.) is the closing date for SDCG IPO![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")