IPO PEC Limited

tonytan8888

http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/507C41548C411EAC482576030029605B/$File/PEC%20final%20Prospectus.pdf

tonytan8888

http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/507C41548C411EAC482576030029605B/$File/PEC%20final%20Prospectus.pdf

tonytan8888

http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/507C41548C411EAC482576030029605B/$File/PEC%20final%20Prospectus.pdf

tonytan8888

http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/507C41548C411EAC482576030029605B/$File/PEC%20final%20Prospectus.pdf

tonytan8888

http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/507C41548C411EAC482576030029605B/$File/PEC%20final%20Prospectus.pdf

tonytan8888

http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/507C41548C411EAC482576030029605B/$File/PEC%20final%20Prospectus.pdf

tonytan8888

IPO - PEC Limited

http://cblog.cari.com.my/?225314/viewspace-206232.html

[qoute]

PEC launches mainboard IPO

63m new shares at 40 cents each to raise gross proceeds of $25.2m
By RONNIE LIM


Expansion move: (from above) Mr Dompeling says PEC expects to see new investments in clean transportation fuels projects at local refineries; Ms Ko says PEC is debt-free and is in good shape with cash equivalent of $46.9 million at end-April

PEC Ltd which provides EPC (engineering, procurement and construction) and EPC maintenance services to the oil, petrochemicals and pharmaceutical industries, has just launched its initial public offer - making it the first on the SGX mainboard this year, just as the market is firming.

Its IPO comprises 63 million new shares at 40 cents apiece. The total share offer, representing 26.5 per cent of PEC's enlarged share capital, comprises a public tranche of two million shares and a placement tranche of 61 million shares. It expects to raise gross proceeds of $25.2 million from the IPO.

The bulk will go towards funding overseas expansions, especially in the Middle East, by PEC - or Plant Engineering Construction Ltd - which cut its tooth servicing 'big boys' like Shell and ExxonMobil on Jurong Island over the last 25 years.

'That's one of the main triggers for the IPO,' said Robert Dompeling, its group CEO, adding that it has in its sights Qatar, the UAE and Saudi Arabia, where more new oil terminals are planned.

To support its Gulf operations, PEC is looking at building a new $8 million fabrication yard there, with the 20,000 sq m facility likely to be in the UAE. Separately, it has signed an agreement with a Saudi company for a possible joint venture operation in the kingdom, and PEC will set aside $7 million from its IPO proceeds for such strategic alliances.

Already, Gulf contracts account for over 35 per cent of the group's turnover, making it PEC's second largest market after Singapore (with 60 per cent). China and South-east Asia make up the remainder.

Spun off in 1982 from the Ko family-owned Tian San group which is in marine services, PEC has grown into a specialist engineering group employing 5,000 staff, including 200 engineers, and with a 2,000-strong construction equipment fleet. Its assets, including of property and plant, amount to $51 million.

'There are no easy shortcuts in this business, especially working for MNCs like Shell and ExxonMobil which are very strict about who builds and maintains their plants. PEC now has a proven track record to leverage on,' said Mr Dompeling.

Another reason behind the IPO is to give staff a stake in the business, said PEC chairman Edna Ko - whose family holds a 36 per cent stake pre-IPO. 'Our employees are important assets, and we want to maintain as well as attract more talent,' she adds.

PEC today has gained the technical capabilities to carry out the entire EPC contract for oil tankfarms as well as oil distribution terminals, and also for parts of process plants for refineries and petrochemical complexes, and now intends to further develop its engineering expertise.

Unlike some others facing tight-fisted banks, Ms Ko said that PEC is debt-free and is in good shape with cash equivalent of $46.9 million as at end-April. Its orderbook stood at $158 million as at end-2008, with another $106 million of additional deals secured so far this year.

PEC's revenue has grown by 45 per cent to $314.4 million in FY08 from $149.3 million in FY06, with net profit up correspondingly to $27 million in FY08 from $8.3 million in FY06. In H1 2009, revenue and net profit was $220.3 million and $12.4 million respectively.

The group, based in Shipyard Road, currently has a total 86,000 sq m of fabrication space - with five yards in Singapore alone accounting for 26,000 sq m. The rest are in Thailand, Indonesia, China and Malaysia.

Typically, its EPC projects take one to two years to complete, while its maintenance contracts are usually for three to five years, said Mr Dompeling. The latter keeps PEC in constant touch with customers, thus enhancing its chances for new deals.

On prospects ahead, Mr Dompeling said that PEC expects to see significant new investments in clean transportation fuels projects at Singapore refineries as countries increasingly up their environmental standards.
'PEC is starting to see a pick-up in demand and project enquiries since Q2,' he added, adding that 'green shoots' are emerging in Singapore, the Middle East and Africa.

DBS Bank is the issue manager, underwriter and placement agent for the IPO.
[/quote]

tonytan8888

PEC launches $25.2m IPO


Homegrown plant and terminal engineering specialist, PEC, plans to raise 25.2 million dollars in an initial public offering.

The company, which will list its shares on the SGX mainboard, will offer 63 million new shares at 40 cents each.
The total share offer represents 26 and a half percent of PEC's enlarged share capital.

So far there are six companies that have launched IPOs on SGX since the start of this year.

Found in 1982, PEC provides engineering, procurement and construction services for project and maintenance works.

Its customers are mainly companies in the oil and gas, petrochemical and pharmaceutical industries.

The company says despite the global economic slowdown, investments in many oil and gas projects remain active, especially those by large multi-national or state-owned corporations.

It plans to tap growth opportunities in the oil and gas, petrochemical and pharmaceutical industries in Asia and the Middle East.

PEC says the net proceeds will be used to construct a new fabrication facility in the Middle East, buy new construction equipment and machinery and fund possible strategic alliances, joint ventures and/or joint ventures in related businesses.

The firm posted a first half net profit of 12.4 million dollars, on the back of 220.3 million dollars in revenue.
It says its earnings visibility remains healthy with 106 million dollars new project works secured in the first six months of this year.

http://938live.sg/portal/site/938Live/menuitem.43735da1634c4377d21b2910618000a0/?vgnextoid=dd95716082bc2210VgnVCM1000001f0aa8c0RCRD&vgnextchannel=6f33638896593110VgnVCM100000e101000aRCRD&mcParam=6f33638896593110VgnVCM100000e101000aRCRD&cSDt=1248984379214

tonytan8888

今年来首家 PEC公司申请上市

经过了冗长的“干旱期”后，随着本地股市近期表现优良，新加坡交易所可能很快会迎来今年首个在新交所主板挂牌（IPO）的本地公司。

PEC公司（PEC）昨天向金融管理局提交了初步售股计划书。PEC公司是一家专门的工程公司，为石油和天然气、石油化学、药剂和石油与化学工业提供项目管理和维修服务。

集团在招股书上指出，集团的工程项目主要集中在新加坡、马来西亚、泰国、印尼、越南、中国和中东，而维修业务主要是在新加坡和中国进行。为了支援业务，集团在新加坡、马来西亚、印尼、泰国和中国都设有制造厂。

集团的主要客户包括埃克森美孚亚太（ExxonMobil Asia Pacific）和蚬壳东方石油公司（Shell Eastern Petroleum），并为这些公司提供综合的工程方案。

这家公司在本地已有超过25年的营业历史，集团主席高宝琛、总裁Robert Dompeling和董事经理黄平在这个领域拥有20多年的经验。

根据集团未经审核的账目，集团今年上半年的税后净利报1242万元，去年上半年则是1146万元。集团营收则从1亿1714万元，增加到2亿2026万元，税前盈利从1336万元，增加到今年的1549万元。

去年在新交所主板首次公开售股上市的新股（不包括优先股和挂牌基金）从2007年的55只大减至23只。去年上市的公司平均筹资额5570万元，整体上比2007年的1亿2260万元少了超过一半。

由于经济和股市表现后来开始变得疲弱，提交了初步售股计划书后又放弃IPO上市途径的公司，包括中国文具（China Stationery）、印度房地产公司DLF、NOR Offshore以及Maritime Capital Shipping公司。

而今年到目前为止，本地唯有的三个首次公开售股——得和（Teho International）、日本食品（Japan Foods）和西敏旅行社（Westminster Travel），仅仅筹集了1700万元的资金，而且这三家公司都是在凯利板（Catalist）挂牌上市。另外五家也打算在凯利板上市的公司，虽然已提呈了招股书，但还未正式推出。


http://news.omy.sg/News/Finance/Story/OMYStory200907010234-71524.html

tonytan8888

七个月来首个主板公开售股　油气工程服务商PEC将上市
（2009-07-31）

经过了七个月的沉寂，新加坡交易所（SGX）终于迎来了第一个在主板挂牌上市的首次公开售股（IPO）——石油与天然气工程服务供应商PEC集团（PEC）。

PEC集团以每股40分的价格发售6300万股，其中200万股供公众认购，6100万股为配售股，希望筹集2520万元资金。
集团执行主席高宝琛表示，选择在此时上市的原因之一，在于市场情绪近期的好转。  她说：“目前，市场的情绪已经好转，我们也正积极往海外扩展业务。挂牌上市能提升我们的公共形象，提高企业信用，也能更容易获得资金。另外，人才是公司重要的资产，上市能为员工提供一个拥有公司股份的渠道，借以吸引和留住人才。”  PEC集团在1982年在本地成立，刚开始以为石化业者提供维修服务为主，后逐渐进一步延伸到石油与天然气终站的工程、采购及建筑。  目前，集团的工程项目主要集中在新加坡、马来西亚、泰国、印尼、越南、中国和中东，而维修业务主要是在新加坡和中国进行。为了支援业务，集团在新加坡、马来西亚、印尼、泰国和中国都设有制造厂。它的客户则包括埃克森美孚（Exxon Mobil）、蚬壳东方石油公司（Shell Eastern Petroleum）和新加坡炼油公司(Singapore Refining Company)。  截至去年底，集团手头上拥有总值1亿5800万元合同，并进一步于在1月17日前获得了总值1亿600万元订单。  针对上市筹资的用途，集团表示，将投资800万元在中东兴建一座制造厂，目前正物色面积介于1万5000至2万5000平方公尺的地点，估计将在明年建成。另外，将投资约500万元购买新工程器材和机械、700万元用来进行收购或设立合资企业，其余资本则作为营运资金。  去年在新交所主板首次公开售股上市的新股（不包括优先股和挂牌基金）从2007年的55只大减至23只，平均筹资额5570万元，整体上比2007年的1亿2260万元少了超过一半。
而随着金融危机的来袭，不少公司提交初步售股计划书后又放弃IPO上市，包括中国文具（China Stationery）、印度房地产公司DLF、NOR Offshore以及Maritime Capital Shipping公司。

tonytan8888

tonytan8888

tonytan8888

（2009-09-05）

今年来第一只在主板上市的新股PEC集团全年净利下跌16％至2097万元。

集团营收增加40％至4亿4048万元，税前盈利减少一成至3019万元。每股盈利12分，净有形资产60分。

michelle_sim

哦。。。下跌！难怪最近的股一直都不是很好啊！

michelle_sim

tonytan8888，请帮忙不时update这个贴，好吗？如果有什么新消息的话。。。

tonytan8888

PEC Ltd (PEC SP; S$0.68)

PEC Ltd., a specialist engineering group servicing oil and gas and pharmaceutical industries, was awarded with the SIAS Most Transparent New Issue Award yesterday.

The Company was listed since August this year at an offer price of S$0.40. Share price has since surged to the current S$0.68.

Competitors listed in its prospectus include Hiap Seng Engineering Ltd and Rotary Engineering Ltd.

At 5.7x historical P/E and 1.1x historical P/BV, we note that the company trades at lower valuations vis-à-vis its peers (see attached)

michelle_sim

谢谢你提供的资料

tonytan8888

（2009-10-29）财经快餐

石油与天然气工程服务供应商PEC集团（PEC）昨天宣布，今年3月该集团获得的埃克森美孚亚太（ExxonMobil Asia Pacific）一项有关裕廊岛设施的合同有经修改。
　　

经修改后的合同总值估计达5000万元，附加工程预料将在明年7月31日完成。公司预料这项修改后的合同对截至明年6月30日的本财政年盈利和财务表现带来正面贡献。

tonytan8888

PEC集团

tonytan8888

First Quarter Financial Statement And Dividend AnnouncementNov 10, 2009
For the Financial Period Ended: 30/09/2009

http://pec.listedcompany.com/newsroom/20091110_124228_IX2_F0E371F9FE47E49148257669000916B8.1.pdf


PEC Ltd. Announces 34% Increase In Net Profit Attributable To Shareholders In Q1 FY2010
Nov 10, 2009