Tuju Setia Bhd (TJSETIA) is principally involved in the construction of: i) non residential buildings including mixed-use commercial buildings, offices, serviced apartments and institutional buildings such as schools and hospitals; and ii) residential buildings that include high-rise condominiums and affordable apartments. As a main contractor, the group is responsible for the overall project including project planning and management as well as implementation of all stages of the project for timely completion. TJSETIA engages subcontractors to carry out the construction related works under its supervision, control and management while project planning and management are carried out internally by the group’s staff. In Sept 2018, TJSETIA secured its first contract for the design and construction of a new women and children’s complex as part of the Kajang Hospital in Selangor.
Moving forward, TJSETIA intends to expand its core competency in building construction focusing on high-rise buildings, widen its services to cover design and construction for hospital projects as well as scale up its operational facilities. We derive a fair value of RM1.11 based on an 11x PE multiple to its FY2022F EPS of 10.1sen. The IPO is expected to raise approximately RM56.0m from the issuance of 80.0m new shares. Besides utilising 57.1% of the proceeds for capital expenditure, 33.9% of the proceeds are allocated for working capital.
Source: PublicInvest Research - 5 May 2021
Created by PublicInvest | Nov 22, 2024
Yakok
Bila buka akan terbang!!!!!1.50
2021-05-17 15:04