Boarding the datacenter train, CBH Engineering has a fair price of 48 cents.
$CBHB (0339.MY)$
A machinery and electrical (M&E) engineering service provider, CBH Engineering Holding Bhd, which will be listed on the GEM board on January 16, is being highly Bullish in the datacenter sector, with analysts giving a fair price of 48 cents, 71% higher than the IPO price of 28 cents.
CBH Engineering will issue 0.298 billion new shares, aiming to raise 83.44 million Ringgit.
According to the prospectus, out of the funds raised in the IPO amounting to 77.74 million Ringgit, 38.5 million Ringgit will be used to expand the business, with 18.48 million Ringgit allocated for the purchase of project equipment and parts, 17.3 million Ringgit for subcontractor payments, and 3.46 million Ringgit for bank guarantees and hiring engineers and talent.
The remaining 5.7 million Ringgit will be used to fund this IPO activity.
CBH Engineering is mainly engaged in electrical supply distribution systems and provides electrical-related engineering services, including electrical design supply, installation, testing, commissioning, and maintenance engineering.
It also provides mechanical engineering for building systems, such as air conditioning and mechanical ventilation, fire piping, and renewable energy systems.
Taking a closer look at the CBH project:
1) What are the main businesses of the company?
Mainly providing electrical engineering services, focusing on electrical power supply and distribution systems.
2) Is the company profitable?
CBH Engineering's revenue achieved a compound annual growth rate over 2 years...

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