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$SCB (0316.MY)$ see Chatgpt analysis of this IPO company's p...
$SCB (0316.MY)$ see Chatgpt analysis of this IPO company's prospetus===>### Summary of Key Information for Sik Cheong Berhad IPO
**Company Overview:**
- **Business Activity:** Sik Cheong Berhad is primarily involved in the repackaging, marketing, and distribution of refined, bleached, deodorised (RBD) palm olein oil products. It also engages in the trading of third-party products.
- **Revenue Growth:** The company’s revenue has shown a consistent upward trend over the past four fiscal years:
- FY 2021: RM 42.57 million
- FY 2022: RM 59.74 million
- FY 2023: RM 78.24 million
- FY 2024: RM 79.58 million
- **Profit After Tax (PAT) Growth:**
- FY 2021: RM 1.85 million
- FY 2022: RM 3.26 million
- FY 2023: RM 6.03 million
- FY 2024: RM 6.33 million .
**Risk Factors:**
- **Product Liability:** The company is exposed to risks of product spoilage, contamination, tampering, and recalls, which could lead to significant financial losses and damage to its brand reputation.
- **Insurance Coverage:** While the company has insurance coverage for certain risks, it may not be sufficient to cover all potential losses, especially those arising from non-insurable events such as wars, riots, acts of terrorism, acts of God, and disease outbreaks.
- **Profitability Sustainability:** The company may face challenges in sustaining its current levels of profitability due to factors such as fluctuations in raw material prices, increased operating costs, and competitive pressures .
**Financial Information:**
- **Revenue Breakdown by Business Activities (FY 2024):**
- **Subsidised RBD Palm Olein Oil Products:**
- Sawit Emas - RM 20.31 million
- Vitamas - RM 1.10 million
- **Non-Subsidised RBD Palm Olein Oil Products:**
- Sawit Emas - RM 49.00 million
- Vitamas - RM 3.74 million
- Pingat Emas - RM 3.37 million
- Unbranded (IBC) - RM 1.74 million
- **Overall Revenue (FY 2024):** RM 79.58 million .
### Conclusion:
Sik Cheong Berhad has demonstrated consistent growth in revenue and profitability over the past few years. However, potential investors should consider the risks associated with product liability, insurance coverage limitations, and the sustainability of profitability. The detailed financial information and risk factors outlined in the IPO prospectus provide a comprehensive overview for making an informed investment decision.
part 2 SIK CHEONG IPO prospetus ===>digitaloceanspa...
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Mr Money Rich : can't buy ipo,why
103509899 OP Mr Money Rich : can buy from bank ATM then transfer to moomoo
Mr Money Rich 103509899 OP : Maybank ATM can? need what number?
Mr Money Rich Mr Money Rich : no need CDs account number?
CYLIM87 103509899 OP : how to transfer back to Moomoo?
103509899 OP CYLIM87 : pls see below for transfer stock from CDS to Moomoo MY ac
CYLIM87 103509899 OP : this one only transfers US stocks. This one is MY one
CYLIM87 103184298 : I am using Moomoo CDS. It will be directly went into the app?
103509899 OP CYLIM87 : then u can call Moomoo MY or email them how to transfer CDS share to moomoo bcos i hv done the above for my sg CDP shares to my Moomoo SG ac