Preview On Elridge Energy On Eve Of Listing
Preview On Elridge Energy On Eve Of Listing
On its listing day, ELRIDGE will be trading at a 12.9x annualised 4MFY24 EPS of 2.2 sen, compared to the Bursa Malaysia Industrial Production Index's 2024 estimated PER of 16.3x. The IPO marks a significant step for Elridge Energy as it seeks to expand its footprint in the growing renewable energy market.Elridge Energy Holdings (ELRIDGE), a key player in the biomass fuel sector, is set to debut on the ACE Market of Bursa Malaysia Securities Berhad on 22 August 2024. The company, which specialises in the manufacturing and trading of biomass fuel products, is offering its shares at an initial public offering (IPO) price of RM0.29, reflecting a historical FY23 price-to-earnings ratio (PER) of 24.6x. When annualised, this equates to a 12.9x PER based on the projected 4MFY24 earnings per share (EPS) of 2.2 sen.
Elridge Energy Holdings（ELRIDGE），作爲生物質燃料領域的重要參與者，計劃於2024年8月22日在馬來西亞證券交易所的ACE市場上市。該公司專門從事生物質燃料產品的製造和貿易，並以每股收益（EPS）2.2 sen的預計2024年度前四個月收益的年化值計算，將其股票定價爲0.29令吉，對應歷史性的FY23市盈率（PER）爲24.6倍，年化後爲12.9倍的PER。
ELRIDGE is engaged in producing and trading palm kernel shells and wood pallets, with a customer base primarily comprising biomass fuel trading companies that supply the power generation and manufacturing sectors. The company's largest market is Singapore, which contributed 47.6% to its revenue in the first four months of FY24, followed by Indonesia at 31.5%, Japan at 14%, and Malaysia at 6.8%.
ELRIDGE主要從事棕櫚仁殼和木製托盤的生產和貿易，客戶主要包括供應發電和製造行業的生物質燃料交易公司。該公司最大的市場是新加坡，在2024年度前四個月的營業收入中佔47.6%，其次是印度尼西亞佔31.5%，日本佔14%，馬來西亞佔6.8%。
The company's prospects are bolstered by rising global demand for renewable energy and supportive government policies. According to an Independent Market Research Report, the palm kernel shell industry in the Asia Pacific region is projected to grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2026. To capitalise on this growth, ELRIDGE plans to increase its production capacity by 75% through the establishment of three new factories in Pasir Gudang, Johor; Kuantan, Pahang; and Lahad Datu, Sabah by July 2025. As of April 2024, the company's Port Klang Factory's palm kernel shell production lines operated at an 83.4% utilisation rate.
全球對可再生能源的需求日益上升，加上政府的支持性政策，爲該公司的前景提供了支撐。根據一份獨立的市場研究報告，亞太地區的棕櫚仁殼行業預計從2024年到2026年的複合年增長率（CAGR）將達到8.9%。爲了利用這一增長，ELRIDGE計劃通過在Pasir Gudang，柔佛州；關丹，彭亨州；和拉哈達，沙巴州建立三個新工廠，將其生產能力增加75%，預計在2025年7月之前完成。截至2024年4月，該公司的巴生港工廠的棕櫚仁殼生產線利用率爲83.4%。
On its listing day, ELRIDGE will be trading at a 12.9x annualised 4MFY24 EPS of 2.2 sen, compared to the Bursa Malaysia Industrial Production Index's 2024 estimated PER of 16.3x. The IPO marks a significant step for Elridge Energy as it seeks to expand its footprint in the growing renewable energy market.
在上市當天，ELRIDGE將以每股收益2.2 sen的預計2024年度前四個月收益的年化值的12.9倍交易，相比馬來西亞交易所工業生產指數預計2024年的市盈率爲16.3倍。該IPO標誌着Elridge Energy在不斷增長的可再生能源市場上擴大業務的重要一步。
Source: Maybank
Title: Biomass player going for listing
來源：Maybank
標題：生物質參與者上市
譯文內容由第三人軟體翻譯。
