Moving forward, SCGBHD will continue to strengthen its core competency in the manufacture of cables and wires, and plastic compounds by expanding both production facilities and product range for cable and wire production as well as plastic compounding operation. We derive a fair value of RM0.45 based on an 11x PE multiple to its FY2021F EPS of 4.1 sen. The IPO is expected to raise approximately RM71.2m from the issuance of 209.3m new shares. Besides utilising 42.2% of the proceeds for capital expenditure and expansion, 38.6% of the proceeds are allocated as working capital.
Stock: [SCGBHD]: SOUTHERN CABLE GROUP BERHAD
2020-11-13 13:25 | Report Abuse
Fair value is RM0.45
Moving forward, SCGBHD will continue to strengthen its core competency in the manufacture of cables and wires, and plastic compounds by expanding both production facilities and product range for cable and wire production as well as plastic compounding operation. We derive a fair value of RM0.45 based on an 11x PE multiple to its FY2021F EPS of 4.1 sen. The IPO is expected to raise approximately RM71.2m from the issuance of 209.3m new shares. Besides utilising 42.2% of the proceeds for capital expenditure and expansion, 38.6% of the proceeds are allocated as working capital.
https://klse.i3investor.com/blogs/PublicInvest/2020-10-06-story-h1514477245-Southern_Cable_Group_Bhd_A_Cables_And_Wires_Manufacturer.jsp