Apex Research says it likes Plytec Holding for its emphasis on climbing the value chain through the provision of engineering solutions
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00:00 Ace market bound Plytech holding is our stock in focus this Wednesday morning.
00:06 Apex Research recommending Subscribe with a fair value of $0.39 versus Plytech's IPO price of $0.35.
00:14 So what does Plytech do? It offers comprehensive construction engineering solutions and services
00:20 based on the principles of construction industrialization and the adoption of
00:24 digital technologies. Boasts a broad spectrum of equipment and products,
00:28 and solutions are provided by a large and diverse inventory. It's big on human capital development
00:34 and advanced technologies. The Plytech BIM Center offers training and advisory services
00:39 pertaining to building information modeling and construction methods engineering.
00:43 The company is run by key managerial staff with extensive expertise,
00:48 and it practices strict compliance with industry quality standards.
00:52 Apex says it likes Plytech for its emphasis on ascending the value chain through the provision
00:57 of engineering solutions, rather than functioning solely as a conventional building material trader.
01:03 The construction of the new factory in Olat Lempit, Banting will be one of the key
01:08 growth opportunities for Plytech. No dividends in the near term though as they focus on expansion
01:13 efforts. Quick look now at consensus. No data yet on Bloomberg, but we know TA Securities has
01:19 a target price of $0.355, while Public Invest Research says the stock is fairly valued at $0.39.
01:27 Both did not rate the stock. So that's one buy from Apex with an average target price of about
01:32 $0.38. Plytech will make its debut on the ACE market on the 15th of November,
01:37 so that implies a potential return of just over 8%.
01:40 And as always, thanks for watching.