IPO Series - SUPREME CONSOLIDATED RESOURCES BERHAD - Frozen Food Distributor
Figure 1: IPO timetable of SUPREME CONSOLIDATED RESOURCES BERHAD
-Will be listed on the ACE Board
-Will be listed on the ACE Board
Info of IPO
Enlarged no. of shares upon listing: 430 million
IPO price: RM0.25
Market capitalization: RM107.50 million
Estimated funds to raise from Public Issue: RM17.50 million
PE ratio = 11.65x (based on FY2023)
Enlarged no. of shares upon listing: 430 million
IPO price: RM0.25
Market capitalization: RM107.50 million
Estimated funds to raise from Public Issue: RM17.50 million
PE ratio = 11.65x (based on FY2023)
Figure 2: Business model of SUPREME CONSOLIDATED RESOURCES BERHAD Source: SUPREME CONSOLIDATED RESOURCES BERHAD IPO prospectus
Figure 3: Utilisation of proceeds of SUPREME CONSOLIDATED RESOURCES BERHAD
Source: SUPREME CONSOLIDATED RESOURCES BERHAD IPO prospectus
Source: SUPREME CONSOLIDATED RESOURCES BERHAD IPO prospectus
Dividend Policy
-The group doesn’t have a fixed dividend policy and envisages a dividend payout of up to 50.00% of the future PAT
-The group doesn’t have a fixed dividend policy and envisages a dividend payout of up to 50.00% of the future PAT
Figure 5: Major customers and suppliers of SUPREME CONSOLIDATED RESOURCES in FPE2024
Source: SUPREME CONSOLIDATED RESOURCES BERHAD IPO prospectus
Source: SUPREME CONSOLIDATED RESOURCES BERHAD IPO prospectus
Figure 6: Profit & Loss statement of SUPREME CONSOLIDATED RESOURCES BERHAD
Figure 7: Financial position of SUPREME CONSOLIDATED RESOURCES BERHAD
Figure 8: Revenue by segement of SUPREME CONSOLIDATED RESOURCES BERHAD
Source: SUPREME CONSOLIDATED RESOURCES BERHAD IPO prospectus
Financial overview, industry market, and personal opinion
-From FY2021 to FY2023, the PAT has grown from RM7.65million to RM9.22million, or a CAGR of 9.78%. However, the highest PAT margin is obtained in FPE2024, with 4.74% compared to the previous highest margin, 4.62% in FY2023.
-Based on selected industry players like Farm Price, Ocean Fresh, and SDS, the gross profit margin and PAT margin are not similar to these players, as recorded as 12.0% and 4.6% respectively. However, the main product of SUPREME is the distribution of frozen foods and thus, it is appropriate to be used only as a reference.
-According to the previous IPOs like Ocean Fresh and Farm Price, they were performing well during the listing day, but the current IPO movement is getting difficult to foresee its listing trend.
-From FY2021 to FY2023, the PAT has grown from RM7.65million to RM9.22million, or a CAGR of 9.78%. However, the highest PAT margin is obtained in FPE2024, with 4.74% compared to the previous highest margin, 4.62% in FY2023.
-Based on selected industry players like Farm Price, Ocean Fresh, and SDS, the gross profit margin and PAT margin are not similar to these players, as recorded as 12.0% and 4.6% respectively. However, the main product of SUPREME is the distribution of frozen foods and thus, it is appropriate to be used only as a reference.
-According to the previous IPOs like Ocean Fresh and Farm Price, they were performing well during the listing day, but the current IPO movement is getting difficult to foresee its listing trend.
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
SUPREME - INITIAL PUBLIC OFFERING ("IPO") OF 70,000,000 NEW ORDINARY SHARES IN SUPREME CONSOLIDATED RESOURCES BHD ("SCRB" OR THE "COMPANY") ("SHARES") ("IPO SHARES") IN THE FOLLOWING MANNER: (A) 8,600,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 7,650,000 NEW SHARES AVAILABL...
The details of the IPO prospectus can be accessed through
SUPREME - INITIAL PUBLIC OFFERING ("IPO") OF 70,000,000 NEW ORDINARY SHARES IN SUPREME CONSOLIDATED RESOURCES BHD ("SCRB" OR THE "COMPANY") ("SHARES") ("IPO SHARES") IN THE FOLLOWING MANNER: (A) 8,600,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 7,650,000 NEW SHARES AVAILABL...
By: Jshen Ng
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Jshen Ng
2024H1 Moomoo Alchemist
🪙Ph.D (Civil-Geotechnics)
🪙Exploring new horizons in investment
🪙Sharing investment insights
385Followers
13Following
864Visitors
Follow
103362180 : $MAYBANK (1155.MY)$