After the recent listing of three main board companies, it is inevitable that the market's funds will be "divided", and one of the companies that has attracted a lot of investor attention is MEGAFB, which was listed at a PE valuation of 29.13 times (IPO price of RM0.670), of course, many investors also consider it expensive.
So, today we will focus on discussing the industry where MEGAFB is located - the security seals industry, the growth prospects of the company itself 📈, and finally talk about the valuation issue.
#Business Introduction
The so-called security seals are mainly used to 🛡️ protect items, and to see if the protected items have been opened without authorization during transportation, just like the cap of a soda bottle. Once opened, the plastic ring will definitely leave marks, 🤔 which is known as the "Tamper Evidence" term in this industry.
Generally speaking, security seals are also divided into 3 security levels, the highest level that requires a force of 10 kilonewtons ("kN") to open 🔝 , usually these security seals are mainly made of steel or alloy, mainly for protecting valuable items such as gold and firearms transportation.
What does 10 kN mean...