SBH Holdings is principally involved in the processing and sale of frozen seafood products, merchant trading of frozen processed seafood products, aquaculture shrimp farming, and distribution and trading of aquaculture related products such as shrimp feed, post larvae, probiotics and test kits.

IPO in conjunction with the listing of SBH Holdings on the ACE Market comprising:

(i) Public issue of 180,000,000 new ordinary shares in SBH Holdings (“Shares”) in the following manner:

• 45,000,000 new Shares made available for application by the Malaysian Public;
• 36,000,000 new Shares made available for application by eligible directors, employees and other persons who have contributed to the success of SBH Holdings;
• 61,000,000 new Shares made available by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry ("MITI"); and
• 38,000,000 new Shares made available by way of private placement to selected investors, and

(ii) Offer for sale of 50,000,000 existing Shares by way of private placement to Bumiputera investors approved by MITI.

https://www.bursamalaysia.com/regulation/pr...ad-sbh-holdings





This post has been edited by ronnie: Jun 29 2024, 11:24 PM

What about its financial achievements over the years? Anyone can share

KUALA LUMPUR (March 18): Frozen seafood firm SBH Marine Holdings Bhd, en route to list on Bursa Malaysia’s ACE Market, is setting its sights on capturing a larger share of the premium seafood market in China.

Exports to China only accounted for about 3% of the company’s RM135.32 million total revenue from the international market, according to its prospectus launched on Monday. South Korea is currently SBH’s biggest market.

“They have consistently approached us to actually increase the [premium seafood products]” already available in China, SBH executive director Saw Leng Hean said at a press conference after the company’s prospectus launch on Monday.

SBH is also seeking to strengthen its existing international presence amid heightened demand. “All our existing customers have been actually asking us to produce and deliver to them more,” Saw said.

The company processes and sells frozen shrimp, squid, octopus and cuttlefish, and farms black tiger prawns and whiteleg shrimp in Perak. The company’s existing processing plant in Kuala Kurau has an annual capacity of 4,800 tonnes.
“There are a lot of seafood producers in Malaysia. However, we place our product in the premium market and target the premium market,” Saw said. “Basically, we are actually going away from the commodities market.”
Further, premium seafood products will allow the company to command a “much better” profit margin, he said.

SBH is targeting to transfer its listing to the Main Market over the next three years, as its latest net profit figure has already exceeded the minimum requirement to be listed on the main board, Saw said.
“We want to ensure that we go step by step in whatever we do,” he said, stressing that the company intends to “learn from the process to improve ourselves first”.

SBH recorded a net profit of RM8.4 million for the cumulative nine months ended Sept 30, 2023 (9MFY2023), on the back of RM144.21 million in revenue.

All in

#tayor

ICHIPO BLOGSPOT

Overall is a high risk as PAT % is not high, and revenue not grow much over past 3 years

>> In the dangerous red quadrant

This post has been edited by IPO ADDICT: Mar 19 2024, 12:29 PM

all in lah, u ada dengar bor

That is why they go for ipo

Expansion to grow revenue and PAT 💰💰💰

Export business
Frozen seafood business-> PTRB
RM0.22 only
MITI over subscribed

#tayor

Does MITI allocation means poor first day performance ???

Not really, good stock is a good stock. Nobody can time the market.

#tayor

....

Any Tp..pls share

mbb running no. 1216

FV
M+ RM0.255

#tayor

[quote=IPO ADDICT,Mar 21 2024, 06:48 PM] 


Waiting another tp

This post has been edited by nikazwa: Mar 21 2024, 09:05 PM

Good profit

Still very early...

Wait for last few hours before closing...

That's where the real deal 😔

TA FV is 24 sen

https://theedgemalaysia.com/node/705551

i will skip this ipo

This post has been edited by tomjason: Mar 22 2024, 09:20 AM

OMG 24 sen FV

Hopefully many IB will come out with TP...now only 2 TP that we have got

Can see how PTRB performs before this. SBH nearest peer. But for sure can buy.