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 IPO: Steel Hawk Berhad ("Steel Hawk")

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skymade
post Aug 21 2024, 10:41 AM

Casual
***
Junior Member
303 posts

Joined: Jan 2003
From: Cheras


Maybe out of topic, but worth a read to understand the reason behind transferring from LEAP to ACE market, and just a few co success on such transfer.

https://theedgemalaysia.com/node/713237
skymade
post Aug 22 2024, 10:50 AM

Casual
***
Junior Member
303 posts

Joined: Jan 2003
From: Cheras


QUOTE(dEviLs @ Aug 22 2024, 10:14 AM)
We estimate a fair value of RM0.39, representing an upside of 160.0% against theIPO price of RM0.15 for Steel Hawk. The fair value is derived by pegging a P/E ratioof 15x to the FY25f EPS of 2.59 sen, which we believe is justified with the averageP/E ratio of 15.9x of the Bloomberg GICS Industry – Energy Equipment and Services sector
not sure where to find the cos within the Bloomberg sector
*
The prospectus's PE is based on FYE2023, whereas Bloomberg's PE shown in Mplus is dated on 21-Aug-2024 (L4Q).

You might find it much useful in below link:
https://www.isaham.my/sector/energy-infrast...ipment-services

This post has been edited by skymade: Aug 22 2024, 10:55 AM

 

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