Edelteq

[winston]

not vested

ACE Market-bound Edelteq sets IPO price at 24 sen per share, to raise RM24m

by Syafiqah Salim & Reyanna Ng

Initial public offering (IPO) price at 24 sen per share

The IPO price translates into a price-earnings multiple of 23.53 times based on the group’s audited profit after tax (PAT) of RM5.44 million or 1.02 sen per share for the financial year ended Dec 31, 2022 (FY2022).

Edelteq provides engineering support for integrated circuit (IC) assembly and test processes within the semiconductor industry.

Revenue increased from RM12.4 million in FY2019 to RM16.7 million in FY2020, followed by RM24 million in FY2021, and RM24.4 million in FY2022.

The local market contributed RM18.91 million or 77.6% of the group's total revenue in FY2022, while overseas markets such as Singapore, China, Thailand and the US accounted for the remaining 22.4%.

Source: theedgemarkets.com

https://www.theedgemarkets.com/node/666164

[winston]

not vested

TA Securities sets Edelteq’s fair value at 33 sen, projects three-year revenue CAGR of 12.5%

By Syafiqah Salim

Based on its IPO price of 0.24, the counter is priced at a trailing price-earnings (P/E) of 17.7 times core earnings per share (EPS) for calendar year 2022 (CY2022).

Edelteq had a net cash position of RM3 million with cash and bank balances of RM6.2 million and borrowings of RM3.2 million as at end-December 2022.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/667144

[winston]

not vested

Edelteq delays ACE Market listing to June 7 amid CEO's legal tussle with Mi Technovation

By Lam Jian Wyn

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/667836

[winston]

not vested

ACE-Market bound Edelteq makes RM3m net profit in 1Q

By Syafiqah Salim

Edelteq Holdings Bhd registered a net profit of RM3 million on revenue of RM9.8 million for the first quarter ended March 31, 2023 (1QFY2023).

Some 62% of the group’s revenue or RM6.2 million came from the design, development and assembly of automated test equipment and factory automation,

Meanwhile, 22.1% or RM2.2 million revenue was contributed by the design and assembly of IC burn-in boards and the supply of printed circuit boards, while the remaining RM1.5 million (14.9%) was from the supply and refurbishment of IC assembly and test consumables.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/669425

[winston]

not vested

Edelteq Holdings (EDELTEQ MK)
Unleashing The Giant Within; Spearheading Growth Via Two-pronged Approach

Edelteq, which is en route for ACE-market listing on 7 June, is driving growth via massive floorspace and capacity expansion.

Its unique two-pronged business model from supplying semiconductor consumables to equipment/factory automation, has strategically positioned the group to thrive through an industry downturn and cyclical spurt.

Trading at an undemanding 18.1x 2022 PE (even with earnings at trough), its valuation is at a huge discount of 54-70% to its peers’ historical PE.

Source: UOBKH

https://research.uobkayhian.com/content ... 34c31bef75