MS Holdings Limited ("MSH" or the "Company") is offering 27m shares (comprising 20m new shares and 7m vendor shares) at $0.25 each for a listing on Catalist. The listing will end on 5 Nov 2014 and will start trading on 7 Nov 2014 at 9am. There is no public tranche.
The Company is a crane rental company based in Singapore and rent out its cranes on a daily or short term basis. The Company has a fleet of 25 mobile cranes and 5 lorry cranes.
Prospects
This is a pretty straight forward business so i am not going to provide much analysis. The key concern i have will be whether there is an oversupply situation in Singapore and whether the construction boom is going to end soon. Below is a pictorial view of what the Company has to say regarding their prospects.
Selected Financial Information
Valuation
Based on the ...
