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***Disclaimer***Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision.
Open to apply: 26/06/2025
Close to apply: 16/07/2025
Balloting: 21/07/2025
Listing date: 29/07/2025
Balloting: 21/07/2025
Listing date: 29/07/2025
Share Capital
Market cap: RM205.9 mil
Total Shares: 710 mil shares
1st day listing tradable shares: 249.892 mil shares
Industry CARG
Engineering solutions industry in Malaysia (2020-2024): 6.8%
Robotics and automation segment (2020-2024): 14.6%
Industry competitors comparison (net profit%)
1. Oxford Innotech Berhad : 16.8%
2. UIS Technologies Sdn Bhd: 24.3%
3. PP Perfect Precision Sdn Bhd: 14.1%
4. Aimflex Berhad: 11.3%
5. SFP Tech Holdings Berhad: 7.1%
5. UWC Berhad: 5.3%
6. Others : losses to 4.4%
2. UIS Technologies Sdn Bhd: 24.3%
3. PP Perfect Precision Sdn Bhd: 14.1%
4. Aimflex Berhad: 11.3%
5. SFP Tech Holdings Berhad: 7.1%
5. UWC Berhad: 5.3%
6. Others : losses to 4.4%
Business (FYE 2024)
Oxford Bond is principally involved in the business of manufacturing and dealing in metal precision parts.
Revenue by Segment
1. Sheet metal fabrication: 31.19%
2. CNC machining: 14.69%
3. Plastic injection moulding: 2.29%
4. Mechanical assembly solutions: 46.24%
5. Automation and robotics solutions: 5.59%
Fundamental
1.Market: Ace Market
2.Price: RM0.29
3.Forecast P/E: 13.18
4.ROE(Pro forma): 13.06%
5.ROE: 19.46% (FYE2024), 10.79%(FYE2023), 35.3%(FYE2022), 47.56%(FYE2021)
6.Net asset per shares: 0.17
7.Total debt to current asset: 0.60 (Debt: 52.369mil, Non-Current Asset: 85.649mil, Current asset: 86.090mil)
8.Dividend policy: No formal dividend policy.
9. Shariah status: Yes
Past Financial Performance (Revenue, Earning Per shares, PAT%)
2024 (FYE 31Dec): RM92.905 mil (Eps: 0.0220), PAT: 16.78%
2023 (FYE 31Dec): RM49.533 mil (Eps: 0.0113), PAT: 16.24%
2022 (FYE 31Dec): RM33.582 mil (Eps: 0.0116), PAT: 24.45%
2021 (FYE 31Dec): RM25.133 mil (Eps: 0.0101), PAT: 28.47%
Major customer (FYE 2024)
1. SIBS : 42.3%
2. Customer H : 12.7%
3. Customer G : 11.2%
4. Klitz Vibrant : 3.2%
5. Customers E : 2.1%
***total 71.5%
Major Sharesholders
1. Ng Thean Gin, Aged 49 : 27.67% (direct), 14.68% (indirect)
2. Lee Lai Chan, Aged 49 : 14.68% (direct), 27.67% (indirect)
3. Teh Teng Wah, Aged 49 : 13% (direct)
4. Oh Yen San, Aged 52: 7.32% (direct)
Directors & Key Management Remuneration for FYE2025
(from Revenue & other income 2024)
Total director remuneration: RM1.884 mil
key management remuneration: RM0.5 mil – RM0.65 mil
total (max): RM2.534 mil or 8.1%
Use of funds
Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Overall is high risk investment, and also come with middle-high grow return opportunities.
*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.
Overall is high risk investment, and also come with middle-high grow return opportunities.
*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.