【𝐌𝐨𝐛𝐢𝐥𝐢𝐚 𝐇𝐨𝐥𝐝𝐢𝐧𝐠𝐬 𝐁𝐞𝐫𝐡𝐚𝐝】

【𝐌𝐨𝐛𝐢𝐥𝐢𝐚 𝐇𝐨𝐥𝐝𝐢𝐧𝐠𝐬 𝐁𝐞𝐫𝐡𝐚𝐝】

Manufacture a range of wood-based furniture, including wooden upholstered furniture with fabric and Polyurethane cushions. Home furniture can be categorised into three main categories, namely dining room furniture, living room furniture and bedroom furniture

Opening Date 03.02.2021

Closing Date 09.02.2021

Balloting Date 11.02.2021

Tentative Listing date 23.02.2021

Listing: ACE Market

 IPO @ RM 0.23 /shr (based on FY19 PE multiple of approx 11.5x)

💰【𝐑𝐞𝐯𝐞𝐧𝐮𝐞】【𝐏𝐀𝐓】【𝐏𝐀𝐓 𝐌𝐚𝐫𝐠𝐢𝐧】

FYE17 RM55.73mil RM 6.26mil (11.2%)

FYE18 RM66.50mil RM 6,24mil (9.39%)

FYE19 RM75.59mil RM 8.42mil (11.14%)

FPE19 8mths RM53.97mil RM 7.64mil (14.1%) 

FPE20 8mths RM44.73mil RM 4.61mil (10.3%)

💼 【𝐔𝐬𝐞 𝐨𝐟 𝐏𝐫𝐨𝐜𝐞𝐞𝐝】

• Construction of buildings, office and showroom –RM 11.6mil (42.03%)

• Purchase of machineries – RM1.3mil (9.42%)

• Working Capital – RM1.9mil (13.77%)

• Repayment of bank borrowing – RM 1.8mil (13.04%)

• Listing Expenses – RM 3.0 mil (21.74%)

 🧧【 𝐃𝐢𝐯𝐢𝐝𝐞𝐧𝐝 𝐩𝐨𝐥𝐢𝐜𝐲】 N/A

🌎 【 Revenue by Geographic Region FYE19】

Malaysia          33.6%

North America  29.0%

Asia(excluding M’sia) 21.5%

Europe         11.5%

South America 3.23%

 👎🏻【𝐑𝐢𝐬𝐤𝐬】

• Exposed to foreign exchange fluctuation risks. As at FYE 2019, 95.99% of revenue were denominated in US. MYR/USD increased or decreased by 5%, would result in revenue to decrease or increase by approx. RM3.63mil

• Dependent on 2 largest major customers, For FPE 2020 Ivorie (18.72%) and Lima Trading (20.55%). 

👍🏻 【𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬】

• Between 2017-2019, Malaysia’s furniture export industry grew tom RM 10.07bil to RM11.10bil, at a CAGR of 4.99% , wood-based home furniture export industry grew by 7.34%.

• Expand current manufacturing plant to support long term business growth

• Purchase additional machinery to increase automation in manufacturing process

Source: Prospectus, Mobillia Holdings Berhad Website

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