QUOTE(IPO ADDICT @ Oct 11 2023, 06:51 AM)
Minox Releases 1H Financials As It Prepares For Listing On 17 October
Listing bound, Minox International Group Berhad released its financial results for the first half, recording a revenue of RM26.1 million with a gross profit of RM14 million, a remarkable close to 53% profit margin for 1H.
The bulk of sales in fact 92.7% was derived from customers in the food and beverage industry with the balance from the pharmaceutical and semiconductor sectors. Domestic sales contributed 26.2% while export sales constituted 73.8% of turnover with Indonesia being the largest contributor at 41.1%, followed by Singapore (20.8%), Thailand (7.5%), and others.

Very very impressive result.
latest quarterly profit after tax 3.3m.
estimated annual profit = 3.3m x 4 = 13.2m profit after tax (assume no growth)
Market cap at IPO at 90m. PE = 90m/13.2m = PER 6.8x (average peers PER 20x+)
No-brainer BUY. Find one stock with F&B/semiconductor exposure, and PAT margin above 20%, ROE above 20%, which traded below PER 20x. Hardly come across.
Opening up 200% no brainer?