The company mainly provides power engineering services in Singapore and is one of the largest power engineering companies undertaking power projects for public housing projects in Singapore. During the track record period, the company completed 12 projects, ten of which were power projects for public housing projects, one was a power maintenance project, and the rest were power projects for an educational institution in Singapore. The company's competitive strength lies in its ability to provide power engineering solutions that are both reliable and cost effective. The company has a solid track record and experienced management team. In the customer evaluation contract stage, reputation is the main consideration, and the company has a certain advantage in this regard.

valuations

According to the prospectus price of HK$0.5, the price-earnings ratio for the 2013 fiscal year was 3.8 times, and the market account ratio was 4.5 times. The company is based in Singapore, benefiting from the growth of public housing in Singapore, and is a leader in the industry. The industry is also quite unique, but since the company's market value is small, speculative purchases are made.

Risk Factors

(1) Unauthorized employment of foreign workers may have a significant impact on business operations and financial performance; (2) The five major customers accounted for more than 90% of the total revenue for each of the three financial years ending June 30, 2013, so any decrease in items obtained from one of the top five customers may affect operating and financial results; (3) Failure to continuously obtain new project orders may have a significant impact on the company's financial statement; (4) Relying on suppliers and subcontractors to perform certain contracts; (5) overspending on items will affect the company's and the company's finance costs significant influence on expression structure ;( 6) Success is mainly determined by key management and the ability to attract and retain other technical and management personnel.