$WINSTAR (0336.MY)$ Capital Berhad is a company in Malaysia,...
$WINSTAR (0336.MY)$ Capital Berhad is a Malaysian company that mainly engages in aluminum extrusion, building materials trade, and installation of cecep solar energy photovoltaic systems. The company has been in business since 2002, with over 20 years of industry experience, serving mainly enterprises in the construction and photovoltaic industries. This IPO is aimed at raising funds to expand production capacity and enter the photovoltaic market.
#AluminumExtrusion #SolarEnergySystems #RevenueModel #Diversification #AluminumProcessing #FinancialHealth #RevenueGrowth #CapitalUsage #MarketOpportunities #CompetitiveAdvantages #IndustryRisks
Winstar's money mainly comes from selling aluminum extrusions and building materials, and also providing cecep solar energy photovoltaic installation services. They have their own production line for customized products to meet customer needs. They also sell aluminum ladders under their own brand, Asteri. Costs mainly go towards raw materials, labor, and operations.
Over the past three years, revenue has grown by 10% annually, with revenue in 2023 at RM 155.3 million and net income at RM 14.3 million. The gross margin has been increasing annually and has reached 38%. The company has little debt with an assets-to-liabilities ratio of 0.45, indicating financial health. (Otherwise, how could they go public)
This IPO plans to raise RM 25.83 million, primarily for expanding factory premises, purchasing new equipment, and increasing production capacity.
The aluminum extrusion market grows by 6%-8% annually, driven by the construction and photovoltaic industries. The photovoltaic market is a crucial growth area for the future.
Having an integrated production facility ensures quality and efficiency are guaranteed; offering a variety of products to meet different customer needs; the management team has extensive experience and is very familiar with the industry. However, they also face some risks, such as fluctuating raw material prices and price wars with competitors. In other words, price competition...
Winstar's IPO pricing is at RM 0.35 per share, resulting in a market cap of approximately RM 101.5 million after this listing. In the future, Winstar plans to expand the factory in Selangor, increasing annual production capacity by 8,580 tons, while focusing on developing photovoltaic installation brackets and components. They also aim to seize growth opportunities in the construction market and photovoltaic industry.
#AluminumExtrusion #SolarEnergySystems #RevenueModel #Diversification #AluminumProcessing #FinancialHealth #RevenueGrowth #CapitalUsage #MarketOpportunities #CompetitiveAdvantages #IndustryRisks
Winstar's money mainly comes from selling aluminum extrusions and building materials, and also providing cecep solar energy photovoltaic installation services. They have their own production line for customized products to meet customer needs. They also sell aluminum ladders under their own brand, Asteri. Costs mainly go towards raw materials, labor, and operations.
Over the past three years, revenue has grown by 10% annually, with revenue in 2023 at RM 155.3 million and net income at RM 14.3 million. The gross margin has been increasing annually and has reached 38%. The company has little debt with an assets-to-liabilities ratio of 0.45, indicating financial health. (Otherwise, how could they go public)
This IPO plans to raise RM 25.83 million, primarily for expanding factory premises, purchasing new equipment, and increasing production capacity.
The aluminum extrusion market grows by 6%-8% annually, driven by the construction and photovoltaic industries. The photovoltaic market is a crucial growth area for the future.
Having an integrated production facility ensures quality and efficiency are guaranteed; offering a variety of products to meet different customer needs; the management team has extensive experience and is very familiar with the industry. However, they also face some risks, such as fluctuating raw material prices and price wars with competitors. In other words, price competition...
Winstar's IPO pricing is at RM 0.35 per share, resulting in a market cap of approximately RM 101.5 million after this listing. In the future, Winstar plans to expand the factory in Selangor, increasing annual production capacity by 8,580 tons, while focusing on developing photovoltaic installation brackets and components. They also aim to seize growth opportunities in the construction market and photovoltaic industry.
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