Sentoria Group Berhad IPO

Sentoria Group Berhad

Sentoria Group Bhd, a property developer, general & civil engineering, and hotel & theme park operator is scheduled to be listed in Main Market on 23rd February 2012.

The Initial Public Offering (IPO) consists of public issues of 60 million new ordinary shares at an IPO price of RM0.87 per share at RM0.20 par value.

Out of 60 million shares, 30 million shares are for private placement to selected investors, 20 million shares for application by Malaysian public and the remaining 10 million shares are made available to directors, employees and business associates of Sentoria Group Berhad.

On top of that 40 million existing shares are for sale to the selected Bumiputera investors approved by MITI.

The IPO would raise RM51.6 million in proceeds, of which RM27.7 million would be used for working capital, RM11.2 million to repay bank borrowings, RM9 million for purchase of property, plant and equipment and RM3.7 million is for listing expenses.

Sentoria is the developer and operator of Bukit Gambang Resort City  (BGRC) in Kuantan, one of the largest integrated resort cities in Malaysia. The group plans to invest RM48 million from internally-generated funds to develop a safari park.

The group has also carved out a niche in developing affordable housing primarily in Kuantan, Pahang. Among its ongoing projects are Arabian Bay Resort, safari park and Taman Indera Sempurna 2.

More information regarding the company can be found in Sentoria Group Berhad webpage.

For the time being, Sentoria, does not have any fixed dividend policy.

The table below is the financial summary for Sentoria Group Bhd.

FYE 2008 FYE 2009 FYE 2010 FPE 2010 FPE 2011
Revenue (RM’000) 84,868 91,371 123,202 93,669 143,670
Profit after Tax (RM’000) 14,200 13,387 19,260 11,856 38,207
Earnings per Share (sen)* 3.55 3.35 4.91 2.96 9.55
Price Earnings Ratio (x)* 25.35 26.89 18.35 30.36 9.42

* Based on number of shares post IPO

AmInvestment Banks is the principal adviser and managing underwriter of the IPO.

For those who are interested in Sentoria IPO, you may subscribe at ATM machines or via Internet Banking. The subscription period is opened until 10th February 2012 at 5pm. Tentative balloting date is on 14th February while the allotment date is on 15th February 2012.

Sentoria stock name in Bursa Malaysia is “SNTORIA”.

View Sentoria prospectus in Bursa Malaysia webpage.

What do you think about Sentoria IPO? Are you going to subscribe?

Leave a Comment

  • Ahmad Hati 1st February, 2012, 1:10 pm

    Is it okay? How about the other one

  • 3rd February, 2012, 8:20 am

    Ahmad Hati, this one I think better but does not have dividend. Also, from previous IPO, property counter does not performing really well.

  • katani17 3rd February, 2012, 3:56 pm

    Same with me. I still remember performance UOA and Tambun. any research report about Sentoria from investment bank? How about FV sentoria?

  • kingjoke 8th February, 2012, 5:19 pm

    For me… this counter looks better that the china one, but my concern is ab the timing. Many people says market wil crush in vy near future. Bursa almost reach the top, people preparing to sell, some already sell and take profit. By the time this counter got listed bursa could go to south already. Not sure, but if I subscibe i wil sell fast. Good luck all.

  • 9th February, 2012, 9:16 am

    I will post Sentoria Fair value / Target Price here when any research house publish report on it.

  • StarTrader 9th February, 2012, 11:28 am

    Market is hot now with all the penny stocks or speculative stocks on the active list … I belief this is a start of a super bull run in the making

    The last property Pavilion REIT has done fairly well

    Kenanga Research has put a target price of RM0.93 for Sentoria, should do okay in the current up trend market. I will subscribe

  • Apai 10th February, 2012, 11:07 am

    OSK – FV –> RM0.90

  • 13th February, 2012, 7:29 am

    StarTrader & Apai, thanks for the fair value / target price.

  • Sentoria 23rd February, 2012, 6:20 pm

    Die lor stupid sucker counter. Useless sucked shareholders’ money.