New stock: Pengli International Co., Ltd. (6163.HK)
Introduction of shares
Main date:
Public launch closing date: November 3, 2016 at 12: 00 noon scheduled deadline: November 4, 2016
Announcement application results: November 10, 2016
Launch date: November 11, 2016
The family guarantor:
Tongren Rongji Co., Ltd.
Summary of statistics:
Number of shares sold globally: 62500000 shares
Share of shares sold publicly in Hong Kong: 10.0%
Sales: HK $1.20 to HK $1.42
Estimated collection of funds: HK $75 million to HK $88.75 million
Income per hand: HK $2868.62
A summary of the collection
It is a company that designs and manufactures body wear and equipped buses. The market's target markets are divided into core markets (including Singapore and Malaysia) and developing markets (including Australia, Hong Kong, China and India, etc.). The bus products of the bazaar include city buses and long-distance buses, mainly serving public and private bus operators in the market. According to Ipsos data, based on the estimated earnings of Malaysia and Singapore markets, Malaysia and Singapore will be one of the major bus manufacturers in 2015.
The construction facility is located in Johor, adjoining four ports and comparable to Singapore. In the six months ended April 30, 16, the utilization rate of collective production facilities was 80%.
Industry summary
According to second-hand research and Ipsos analysis, the total number of buses in Singapore has increased from 1123 in 10 years to 1694 in 14 years. The total number of buses in Singapore is expected to increase from 1798 in 15 years to 2214 in 20 years, with a compound annual growth rate of 4.3 per cent. In addition, the total number of buses in Malaysia increased from 2067 in 10 years to 2260 in 14 years. The total number of buses in Malaysia is expected to increase from 1955 in 15 years to 2704 in 20 years, with a compound annual growth rate of 6.7 per cent.
Cymbals
The revenue from the collection is concentrated in the five major customers. In the year ended October 31, 15, total revenue from the top five customers accounted for 86.9% of total revenue, with the largest customer accounting for 59.1%. In view of the market situation, the Marketplace has not entered into a long-term supply agreement with customers, nor has it made a long-term commitment. If such customers significantly reduce the number of bills available to the collection or completely stop the transaction relationship, the sales and service list of the collection may be affected.
Valuation
According to the IPO document, based on the 2.50 shares expected to be issued after the completion of the sale of the shares, the expected profit of the company's shares for the year ended October 31, 16 will be not less than US $2.1 million. equivalent to uncalculated projected earnings per share of about HK $0.0652 (at an exchange rate of US $1.00 to HK $7.76) The overall forecast price-to-earnings ratio is 18.4 to 21.8 times.