Cape EMS

[winston]

not vested

Mercury Securities values Main Market-bound Cape EMS at RM1.53

by Surin Murugiah

Mercury Securities Sdn Bhd has a “subscribe” recommendation on soon-to-be-listed Cape EMS Bhd at 90 sen, with a fair value of RM1.53 based on FY24F EPS of 8.5 sen and a PE of 18x, in line with its peer’s five-year average.

Cape EMS is involved in electronics manufacturing services.

Through its subsidiaries, Cape is also involved in aluminium die casting and electronics manufacturing services, and the supply of parts and components.

Source: theedgemarkets.com

https://www.theedgemarkets.com/node/656043

[winston]

not vested

Cape EMS to have market cap of RM830.7m, IPO price of 90 sen

by Sufi Muhamad

Cape EMS, through its subsidiaries, is involved in aluminium die cast manufacturing, electronics manufacturing services (EMS) and supply of electronic products and related activities.

The group is expected to be listed on the Main Market on Bursa Malaysia on March 10 this year. Its closing retail offering will be on Feb 24.

Source: theedgemarkets.com

https://www.theedgemarkets.com/node/655506

[winston]

not vested

Cape EMS posts 40% rise in quarterly net profit ahead of listing

by Izzul Ikram

40.42% climb in net profit for the fourth quarter ended Dec 31, 2022 (4QFY2022) to RM8.93 million from RM6.36 million a year earlier.

Revenue rose 17.34% to RM118.2 million from RM100.74 million in 4QFY2021, driven by higher sales from wireless communication equipment and e-cigarettes.

The increase in revenue was moderated by a decrease in sales from EMS of point of sales terminals and household appliances, as well as a decrease in sales from die casting and machining operations.

For the full financial year, Cape EMS posted a net profit of RM33.54 million, 27.7% higher than the RM26.26 million reported for FY2021, as cumulative revenue leapt 27.19% to RM437.95 million from RM344.33 million.

Source: theedgemarkets.com

https://www.theedgemarkets.com/node/658155

[winston]

not vested

Cape EMS (CEB MK)

Upcoming EMS Hero With A Cape Showcasing Its Cape-ability CAPE, a fast-rising EMS player with strategic exposure to the industrial and consumer sectors, is listing at an undemanding 15.0x 2023F PE.

We see multiple legs of growth that can supercharge a three-year revenue/core net profit CAGR of 25%/32%, premised on its strategic portfolio exposure, trade diversion-related supply chain reconfiguration and aggressive expansionary plans.

Initiate coverage with BUY. Target price: RM1.60.

Source: UOBKH

https://research.uobkayhian.com/content ... 07ae70b473

[winston]

not vested

Cape EMS opens 57.8% higher on Main Market debut

by Hailey Chung

Rakuten Trade recommended “buy” with a target price of RM1.40 after it ascribed 18 times price-earnings ratio on FY23 earnings per share as per average price earnings of its peers on Bursa Malaysia.

Other EMS counters included VS Industry Bhd, SKP Resources Bhd, Aurelius Technologies Bhd, EG Industries Bhd and Scope Industries Bhd.

Rakuten Trade said Cape EMS is anticipated to chart revenue and net profit three-year compound annual growth rate (FY21 to FY24) of 33% and 42% respectively, bringing its revenue to above the RM500 million mark and net profit to RM59.2 million and RM75.3 million by FY23 and FY24.

Source: theedgemarkets.com

https://www.theedgemarkets.com/node/658607

[winston]

not vested

Cape EMS debuts at RM1.42 on Main Market

Public issue of 173 million new shares.

Cape EMS has a market capitalisation of RM830.7 million, based on its enlarged share capital of 923 million shares.

RM53.1 million (34.1%) will be used for the construction of a new warehouse in Senai and installation of automated storage facilities.

RM62.8 million (40.3%) for the setting-up of a new cleanroom facility and purchase of new automated production lines for EMS operations.

“We would like to increase (our share of) the industry segment from the current 60% to 70%, driven by the demand from industry players".

Source: Bernama

https://www.freemalaysiatoday.com/categ ... -366156373