Copyright@http://lchipo.blogspot.com/
Follow us on facebook: https://www.facebook.com/LCH-Trading-Signal-103388431222067/
Follow us on facebook: https://www.facebook.com/LCH-Trading-Signal-103388431222067/
***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: 20/08/2025
Close to apply: 08/09/2025
Balloting: 10/09/2025
Listing date: 24/09/2025
Close to apply: 08/09/2025
Balloting: 10/09/2025
Listing date: 24/09/2025
Share Capital
Market cap: RM186.889 mil
Total Shares: 934.449 mil shares
1st day listing tradable shares: 236.412 mil shares
Industry CARG
Historical Size (Revenue) and Growth Forecast for the Light Machinery and Equipment Rental Industry in Malaysia, 2022-2029: 7.56%
Industry competitors comparison (net profit%)
1. Express Powerr : 23.7%
2. TTL Sales & Rental Sdn Bhd: 29.6
3. FG Generator Sdn Bhd: 24.7%
4. Gelombang Prestij Sdn Bhd: 5.8%
5. Dynasynergy Technology Sdn Bhd: 4.7%
6. Others: losses to 3.3%
1. Express Powerr : 23.7%
2. TTL Sales & Rental Sdn Bhd: 29.6
3. FG Generator Sdn Bhd: 24.7%
4. Gelombang Prestij Sdn Bhd: 5.8%
5. Dynasynergy Technology Sdn Bhd: 4.7%
6. Others: losses to 3.3%
Business (FPE 2025)
Provision of generator rental services and other related services which include the supply of ancillary items such as distribution boards, generator synchronisation panels, transformers, switchgears, load banks and cables to meet the varied requirements of our customers
Fundamental
1.Market: Ace Market
2.Price: RM0.20
3.Forecast P/E: 20
4.ROE(Pro forma 4): 17.38%
5.ROE: 44.51%(FYE2024), 34.47%(FYE2023), 32.87%(FYE2022), 32.73%(FYE2021)
6.Net asset per shares: 0.07
7.Total debt to current asset: 0.43 (Debt: 20.533mil, Non-Current Asset: 40.224mil, Current asset: 47.300mil)
8.Dividend policy: Have formal dividend policy.
9. Shariah status: yes
Past Financial Performance (Revenue, Earning Per shares, PAT%)
2025 (FPE 31Mar, 3mths): RM12.860 mil (Eps: 0.0031), PAT: 22.64%
2024 (FPE 31Dec): RM70.167 mil (Eps: 0.0178), PAT: 23.65%
2023 (FYE 31Dec): RM39.424 mil (Eps: 0.0106), PAT: 25.08%
2022 (FYE 31Dec): RM31.412 mil (Eps: 0.0080), PAT: 23.86%
2021 (FYE 31Dec): RM19.341 mil (Eps: 0.0061), PAT: 29.25%
Major customer (FPE 2025)
1. TNB : 32.52%
2. Dynasynergy : 28.13%
3. KLKB : 23.30%
4. KKB : 6.73%
5. Besi Tech Engineering Sdn Bhd: 1.65%
***total 92.33%
Major Sharesholders
1. Lim Cheng Ten. Aged 64: 73.74% (direct)
2. Rosli Bin Jonid, Aged 54: 0.04% (direct)
Directors & Key Management Remuneration for FYE2025
(from Revenue & other income 2024)
Total director remuneration: RM0.898 mil
key management remuneration: RM0.25 mil – RM0.35 mil
total (max): RM1.248 mil or 3.33%
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 grow return opportunities.
Overall is high risk investment, and also come with middle 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.