lai, any other info you want to know, my ex koliq working on this ipo. her first ipo baby deal.

Yes, the PAT margin is the only thing i don't like about the company, otherwise it looks like a well managed company to me.

Verbatim extraction of the concern on prices of raw material for you below:

Fluctuations  in  the  prices  of  copper  and  aluminium  may  affect  our  profitability  if  we  are  unable to pass through the costs increment to the customers

Our main raw materials consist of copper cathodes, aluminium ingots, copper and aluminium rods, and copper wires used to make conductors for our cables and wires. For FYE 31 December 2016, FYE 31 December 2017, FYE 31 December 2018, FYE 31 December 2019 and FPE 30 June 2020, the total purchases of copper based materials include copper cathode, copper rods and wires, and annealed  copper  tapes  accounted  for  59.78%,  63.22%,  63.44%,  62.23%  and  62.42%  of  our  total  purchases of materials and services respectively. Purchases of aluminium based materials including aluminium  ingots  and  aluminium  alloy  rods  constituted  12.45%,  7.93%,  11.25%,  16.62%  and  18.42%  of  our  total  purchases  of  materials  and  services  for  FYE  31  December  2016,  FYE  31  December  2017,  FYE  31  December  2018,  FYE  31  December  2019  and  FPE  30  June  2020  respectively. 

As  copper  and  aluminium  are  globally  traded  commodity  metals,  we  are  subject  to  global  price  fluctuations  and  the  risk  of  any  unfavourable  price  changes  will  directly  affect  our  margins  and  profitability if we are unable to pass through the costs increment to the customers.

The  prices  of  copper  and  aluminium  are  influenced  by  global  macroeconomic  factors  including,  among  others,  supply  and  demand  for  the  metals,  energy  costs  to  process  these  metals,  transportation  costs  and  currency  exchange  rates,  all  of  these  factors  are  beyond  our  control.  Although we engaged an external party to provide commodity advisory services including trends and information  on  metal  prices,  there  is  no  assurance  that  we  would  not  be  adversely  affected  by  fluctuations in the prices of copper and aluminium.

We  have  contractual  agreements  with  customers  that  allow  us  to  adjust  the  selling  price  of  power  and  communications  cables  and  wires  taking  into  consideration,  among  others,  the  fluctuations  in  the  prices  of  copper  and  aluminium  within  specified  time  indicated  in  the  agreements  for  the  contractual  period.  For  FYE  31  December  2018,  FYE  31  December  2019  and  FPE  30  June  2020,  revenue  from  these  types  of  customers  accounted  for  28.08%,  24.94%  and  16.69%  of  our  total  revenue.
no problem, all i did was using about 40-60 mins of my time just now to screen through the prospectus only. I also learn at the same time i share these information with you guys.

It is very easy to read the prospectus if you know what you want to see and where you can find them in the prospectus, don't be scared by the 400-500 pages of the prospectus, you can zoom in very quickly.

Actually, reading and extracting information from the prospectus is very easy compared to preparing the prospectus, it takes monthsssss to do it, i know the pain because i been through that. hahahah

anyway, some additional information for you guys. something i really like about the company is how they manage their cash flow.

Please refer to page 282 of the prospectus for the historical cash flow table which they have very healthy and growing positive cash flow from operation.

they have also paid down a lot of borrowings in 2019.

their net cash position is at the all time high in 2019 (financial year ended 2019). This year surely not gonna be so high due to the MCO, but i think they are heading to the right direction.

you can read in detailed of their cash flow position from FYE2018 to FYE 2019 on page 287.

turn to page 294 for the key financial ratios.

their gearing ratio has been declining from 1.42 to 0.88 from 2016 to 2019 although it is slightly higher for the FPE2020 at 0.95.

the current ratio although is not as good as what I always wanted i.e. 2 times, but theirs improved from 1.33 to 1.71 from 2016 to 2019, the improvement proved to be well managed company.

This is coupled with their improvement in the inventory turnover period from 72 days to 38 days from 2016 to 2019. means your stock can only last 38 days in your warehouse and they will be sold off. the 73 days for FPE2020 is due to MCO, understandable.

overall, it looks like they are managing their company relatively well.