Preview On Elridge Energy On Eve Of Listing
Preview On Elridge Energy On Eve Of Listing
Elridge Energy Holdings (ELRIDGE), a key player in the biomass fuel sector, is set to debut on the ACE Market of Bursa Malaysia Securities Berhad on 22 August 2024. The company, which specialises in the manufacturing and trading of biomass fuel products, is offering its shares at an initial public offering (IPO) price of RM0.29, reflecting a historical FY23 price-to-earnings ratio (PER) of 24.6x. When annualised, this equates to a 12.9x PER based on the projected 4MFY24 earnings per share (EPS) of 2.2 sen.
Elridge能源控股(ELRIDGE)是生物质燃料领域的关键参与者,计划于2024年8月22日在马来西亚交易所首次公开发行(IPO)ACE市场上市。该公司专门从事生物质燃料产品的制造和交易,以0.29马币的初始发行价发行股票,反映了历史FY23市盈率(PER)为24.6倍。年化后,根据预计的4MFY24每股收益(EPS)为2.2 sen,相当于12.9倍的市盈率。
ELRIDGE is engaged in producing and trading palm kernel shells and wood pallets, with a customer base primarily comprising biomass fuel trading companies that supply the power generation and manufacturing sectors. The company's largest market is Singapore, which contributed 47.6% to its revenue in the first four months of FY24, followed by Indonesia at 31.5%, Japan at 14%, and Malaysia at 6.8%.
ELRIDGE从事生产和交易棕榈核壳和木托盘,其客户主要包括供应发电和制造行业的生物质燃料交易公司。该公司最大的市场是新加坡,在FY24的前四个月贡献了47.6%的营业收入,其次是印度尼西亚的31.5%,日本的14%,马来西亚的6.8%。
The company's prospects are bolstered by rising global demand for renewable energy and supportive government policies. According to an Independent Market Research Report, the palm kernel shell industry in the Asia Pacific region is projected to grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2026. To capitalise on this growth, ELRIDGE plans to increase its production capacity by 75% through the establishment of three new factories in Pasir Gudang, Johor; Kuantan, Pahang; and Lahad Datu, Sabah by July 2025. As of April 2024, the company's Port Klang Factory's palm kernel shell production lines operated at an 83.4% utilisation rate.
该公司的前景得到了全球可再生能源需求增长和支持性政府政策的支持。根据独立市场研究报告,亚太地区的棕榈核壳行业预计将在2024年至2026年以8.9%的复合年增长率增长。为了利用这一增长,ELRIDGE计划通过2025年7月在柔佛州的白沙罗、彭亨州的关丹和沙巴州的拉哈达图建立三家新工厂,将其产能提高75%。截至2024年4月,该公司的巴生港工厂的棕榈核壳生产线利用率为83.4%。
On its listing day, ELRIDGE will be trading at a 12.9x annualised 4MFY24 EPS of 2.2 sen, compared to the Bursa Malaysia Industrial Production Index's 2024 estimated PER of 16.3x. The IPO marks a significant step for Elridge Energy as it seeks to expand its footprint in the growing renewable energy market.
首次公开发行日,ELRIDGE股票的市盈率为12.9倍,对应4MFY24每股收益2.2 sen,而马来西亚交易所工业生产指数2024估计市盈率为16.3倍。这次IPO标志着Elridge Energy迈出了在不断增长的可再生能源市场拓展业务的重要一步。
Source: Maybank
Title: Biomass player going for listing
资料来源:马来亚银行
标题:生物质燃料公司即将上市