Posted by DreamKaiser > 2 weeks ago | Report Abuse

Whoa! Another chance for the Kaiser to get the game going, ha ha ha.

Well then, guys. Get your ammo ready for battle soon.

Posted by DreamKaiser > 2 weeks ago | Report Abuse

Solar District Cooling Group launches ACE Market IPO to raise RM45.09m

https://theedgemalaysia.com/node/724589

Posted by Coleman77 > 1 week ago | Report Abuse

Quite comprehensive info on Solar District Cooling

https://klse.i3investor.com/web/blog/detail/tsgblog/2024-09-01-story-h468137979-Is_Solar_District_Cooling_Group_Berhad_SDCG_a_Worthwhile_IPO

Posted by durianbay > 1 week ago | Report Abuse

New ipo in the house, got several big contract from government too, worth to apply

Posted by Jeferson > 1 week ago | Report Abuse

For you to see at a glance: -

Opening of application : 28 Aug 2024
Closing of application : 06 Sep 2024
Balloting of application : 10 Sep 2024
Allotment of IPO shares to successful applicants : 18 Sep 2024
Tentative listing date : 19 Sep 2024

Posted by Iamchops548 > 1 week ago | Report Abuse

MalaccaSecurities ascribe a fair value of RM0.53 (upside of 39.5% against IPO price of RM0.38) for SDCG. Our valuation is derived by pegging a forward P/E of 27x to the FY25f EPS of 1.95 sen. We believe the forward P/E of 27x is fair, given the average P/E of the closest peers (Fig #7) stood at 27.2x.

Posted by philosopher23 > 1 week ago | Report Abuse

In FY23, SDCG’s revenue surged to RM26.6 million, up from RM14.7 million in FY20, achieving a Compound Annual Growth Rate (CAGR) of 21.9%.

Revenue is projected to grow at 5.3–16.9%, reaching RM28.0–35.5 million for FY24–26f. Core net profit is expected to rise by 8.4–19.2%, reaching RM6.9–8.9 million.

Posted by KrebsCycle > 1 week ago | Report Abuse

SDCG has more than 10 ongoing projects in BMS and solar thermal systems, with contract values totalling RM47.1m. The unbilled order book stands at RM16.5m for FY24 and RM6.1m for FY25, providing earnings visibility in the near term

Posted by lexant41 > 1 week ago | Report Abuse

Take a look 1st, mainly getting project from ministry of health & hospitals, fundamental not bad too

Posted by marswatchn > 1 week ago | Report Abuse

another ipo hidden gem, SDGC are mainly involved in maintenance of Building Management Systems (BMS), solar thermal systems, and energy-saving services

Posted by younglean > 1 week ago | Report Abuse

Seems like another dark horse of IPO. Better subscribe now before it's closing on this Friday 🏃

Posted by 03zerothreee > 1 week ago | Report Abuse

so far they have 10 ongoing projects in BMS and solar thermal systems, with contract values totalling RM47.1m. The unbilled order book stands at RM16.5m for FY24 and RM6.1m for FY25, revenue & profit for futures years should be stable

Posted by Jeferson > 1 week ago | Report Abuse

FYI, as a subcontractor, SDCG is tasked with installing hybrid solar thermal hot water systems and retrofitting fluorescent lighting with LED lighting to boost energy efficiency

Posted by HamsterInvestor > 1 week ago | Report Abuse

Apply this IPO first, tmr friday is deadline

Posted by Fandrianp > 1 week ago | Report Abuse

Ta gives 0.43 fair value based of 17.6x FY25 EPS

Posted by Coleman77 > 1 week ago | Report Abuse

TA is quite conservative, it's only 13.2% upside from its IPO price ..

Posted by younglean > 1 week ago | Report Abuse

I know it's hard to get IPO shares, but I've applied. Hopefully I can get some. Pray hard

Posted by OKU_2020 > 1 week ago | Report Abuse

looks risky

Posted by Flam3ess > 1 week ago | Report Abuse

I think quite stable, got strong track record + contracts with public hospitals under the MOH

Posted by philosopher23 > 1 week ago | Report Abuse

Good luck everyone.. hope the IPO season continue

Posted by KrebsCycle > 1 week ago | Report Abuse

RHB ascribe a 21x P/E to the SDCG’s FY25F earnings to arrive at a fair value of MYR0.46

Posted by Jeferson > 1 week ago | Report Abuse

SDCG’s revenue is expected to grow at a 3-year CAGR of 23.6%, driven by the BMS and solar thermal systems and energy-saving services segments 🔥🔥

Posted by mrDiesel > 4 days ago | Report Abuse

High profit margin since the business is solar thermal instead of solar panel PV which have more than 50% efficiency

Posted by vcjskpa > 4 days ago | Report Abuse

Will be oversubscribe, trust me

Posted by HamsterInvestor > 3 days ago | Report Abuse

Result is decent, good luck to those that subscribe. Bobi bobi!

Posted by Fandrianp > 3 days ago | Report Abuse

Oversubscribe by 144 times, ong ong ong

https://theedgemalaysia.com/node/726217

Posted by DreamKaiser > 3 days ago | Report Abuse

Solar District Cooling IPO oversubscribed 144.08 times

https://www.thestar.com.my/business/business-news/2024/09/10/solar-district-cooling-ipo-oversubscribed-14408-times

Posted by BE_GREEEEEDY > 3 days ago | Report Abuse

IPO Madness remained....
TP SDCG ? RM 1.20💪

Posted by KrebsCycle > 3 days ago | Report Abuse

It surely will open higher than 50 cents on 19 Sep 🚀

Posted by Amnesia52 > 2 days ago | Report Abuse

got chance open above 1.00 actually, prepare for next thursday

Posted by younglean > 2 days ago | Report Abuse

SDCG is riding with data center theme too. As reducing energy costs and ensuring a stable power supply becomes increasingly important, SDCG is able to benefit from the growing number of data centers with its expertise in BMS and chiller maintenance

Posted by Flam3ess > 2 days ago | Report Abuse

IPO madness indeed, currently SDCG has total contract valued at RM47.1m and the un-billed order book FY24&25 are RM21.6m