ACE Market
Industrial / Consumer
Shariah Compliant
Grade: B
CBHB
Bursa Ticker: CBHB | Listing Year: 2025
Offer Price
RM 0.55
Sifu Target Price
RM 0.38 (-30.3%)
Retail Oversubscription
20.0x
Underwriter (IB)
M&A Securities
Key Dates & Offering Details
Application Closing
TBA
Listing Date
16-Jan-2025
Target P/E Ratio
25x
Total Enlarged Shares
1.88 B
Free Float
-
MITI Special Allocation
No Tranche
Analyst Commentary & Hunter Insight
HISTORICAL OUTLIER: Massive performance pop that defied standard grading.
Growth Catalysts & Strategic Moats
- Substesen Data Center Boom: Penyedia perkhidmatan mekanikal & elektrikal (M&E) voltan tinggi yang penting untuk infrastruktur pusat data di Johor & Selangor.
- Orderbook Yang Kuat: Outstanding orderbook terkini melebihi **RM 592 juta** dengan keupayaan EPCC yang terbukti.
- Kecairan Tinggi: Disokong oleh pangkalan modal yang besar dengan 1.88 bilion shares outstanding, menjadikannya pilihan institusi.
Financial Performance Summary
| Financial Metric | FY23 | FY24 | FY25 | Projected (FY F) |
|---|---|---|---|---|
| Revenue (RM) | 180.00 M | 240.00 M | 360.00 M | 367.41 M |
| Profit After Tax (PAT) | 12.00 M | 18.00 M | 28.00 M | 28.58 M |
| EPS (sen) | 0.64 | 0.96 | 1.49 | +42.8% |
Utilization of Proceeds
Expansion & Working Capital
Peer Comparison & Valuation Context
Peer Comparison: Forward PE bernilai sekitar 25.6x, bersesuaian dengan margin premium subsektor M&E data center.
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