07/11/2022
ECA Integrated Solution Bhd (0267)
IPO Price: RM0.17
Opening of application: 4/11/2022
Closing of application11/11/2022
Balloting of application16/11/2022
Listing date23/11/2022
Board: Ace Market
📌 Main Business
👉 principally engaged in the provision of integrated production systems (IPS) and stand-alone automated equipment. Also provides after-sales services for technical support services and spare parts.
👉🏻 as built a clientele comprising foreign multinational corporations that are listed on, among others, the New York Stock Exchange, Nasdaq and Frankfurt Stock Exchange.
📊 Finance Highlight
🔹 The company posted a profit after tax (PAT) of RM8.18 million for the financial year ended Oct 31, 2021 (FY2021), higher than FY2020’s RM5.57 million and FY2019’s RM1.37 million. Revenue also grew to RM20.51 million in FY2021, up from RM15.37 million in FY2020 and RM7.67 million in FY2019.
🔹 The company boasted a PAT margin of 39.9% in FY2021, higher than 36.2% in FY2020 and 17.8% in FY2019. ECA Integrated also noted that half of the company's revenue for FY2021 was derived from overseas markets, including Eastern Europe, China, Vietnam, the Philippines, as well as the US.
🔹 For the eight-month financial period ended June 30, 2022 (8MFY2022), ECA Integrated logged a PAT of RM4.58 million on a revenue of RM17.82 million — translating to a PAT margin of 25.7%.%。
🎯 Details of utilisation
i.) Acquisition of machineries: RM 7.7 mil (30.2%)
ii.) Working capital: RM14mil (54.9%)
iii.) Repayment of bank borrowings: RM 1Mil (3.9%)
iv.) Estimated listing expenses: RM 2.8mil (11%)
💰 Dividend Policy
Intends to target a dividend payout ratio of 20% of its annual net profit to shareholders.
✏ *Other Information *
🔹 Compare to the Peers, main focus on Semiconductor and electronics,Automotive,Solar,Telecommunication equipment, Industrial and commercial products. Similar Industry Players listing at Bursa Malaysia: Aimflex ,Genetec ,Greatech. ECA Integrated have good financial result based on based onGross Profit Margin and Profit After Tax Margin
Gross Profit Margin:ECA(55%),Aimflex(25.7%),Genetec(35.6%),Greatech(42.3%)
PAT Margin: ECA(39.9%),Aimflex(6.2%),Genetec(26%),Greatech(35.2%)
For more detail & CDS Account
https://wa.me/60127811345