Company Name: Westports Holding Berhad
Main Business: Cargo servies
Board: Main market
Stock Name: WPRTS
IPO Price: RM 2.50
PAR: RM 0.10
Market Capital: 3.41 bil shares
Timetable for IPO
| Date | Description |
|---|---|
| 19-09-2013 | Open application |
| 27-09-2013 | Close application |
| 01-10-2013 | Price determination |
| 02-10-2013 | Ballot result |
| 16-10-2013 | Allotment shares |
| 18-10-2013 | Listing |
Total shares offer: 813,190,000 units
1. Total institutional offering shares: 710,890,000 units. (20.8% of total share capital)
a. 392,150,000 shares for MITI Bumiputera. (11.5% of total share capital)
b. 318,740,000 shares for malaysian & foreign institutional and selected investors. (9.3% of total share capital)
2. Total retail offering shares: 102,300,000 units. (3% of total share capital)
a. 34,1000,000 shares for eligible directors and employees of the company, and those have contributed to the company. (1% of total share capital)
b. 34,100,000 shares for Malaysian public (Bumi). (1% of total share capital)
b. 34,100,000 shares for Malaysian public (Non-Bumi). (1% of total share capital)
Financial summary:
| FYE | Dec 2010 | Dec 2011 | Dec 2012 | (6 Mths) Jun 2012 | (6 Mths) Jun 2013 |
|---|---|---|---|---|---|
| Revenue (RM mil) | 998 | 1,387 | 1,492 | 629 | 750 |
| Gross Profit (RM mil) | 563 | 604 | 668 | 328 | 347 |
| PAT (RM mil) | 284 | 316 | 360 | 161 | 198 |
| Net DPS* (RM) | 1.10 | 2.60 | 1.70 | 0.90 | 1.50 |
| Net EPS* (RM) | 2.43 | 2.70 | 3.08 | 1.38 | 1.69 |
| Net EPS** (Cents) | 8.33 | 9.27 | 10.56 | 9.44 | 11.61 |
** based on 3.41 bil shares of RM 0.10.
Targeted dividend policy: 75%
Estimated DY: 3.48%
