Shares & Derivatives
5E Resources
By Mr. IPO  •  May 2, 2022
5E Resources ("5E" or the "Company"), a leading scheduled waste management services provider in Malaysia, is offering 38.5m shares at $0.26 each for a listing on Catalist. 2m shares will be available to the public and 36.5m shares via placement. The IPO will close on 10 May at 12 noon. The market cap based on the IPO price is $38.3m. Principal Business 5E is the 5th largest scheduled waste management services provider based in Johor, Malaysia since 2008. The customer base currently covers 8 out of 13 states and 2 federal territories in Peninsular Malaysia.  It has two complementary business segments in the sale of recovered and recycled products and chemical trading. Key competitive strengths Business strategies and future plans Financial Performance The revenue dropped from MYR 53.8m to MYR 44m from FY2019 to FY2020 due to the impact of Covid. The revenue for 9M2021 has since recovered strongly from MYR 29.8m in 9M2020 to MYR 37.4m in 9M2021....
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...

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