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ACE MARKET
Price: RM 0.26
PE (FYE 2024): 18.44×
Number of shares: 1,540.00 million
Shariah status: SC (YES)
Underwriter: TA Securities Holdings Berhad (Principal Adviser, Sponsor, Underwriter and Placement Agent)
Closing date: 3 / 4 / 2026 (5 p.m.)
Balloting date: 7 / 4 / 2026
Listing date: 15 / 4 / 2026
Business Overview:
5E Resources Holdings Berhad is principally engaged in scheduled waste management, focusing on the recovery, recycling, and treatment of industrial waste in Malaysia. The Group operates licensed facilities that process various types of scheduled waste and convert them into reusable resources.
Its core activities include waste collection, testing, and treatment using technologies such as solvent and oil recycling, carbonisation, thermal oxidation, and e-waste recovery. These processes allow the Group to extract valuable by-products such as recycled solvents, fuel oil, and metals.
In addition, the Group generates revenue from the sale of recovered and recycled products, as well as the trading of industrial chemicals. Overall, it operates an integrated business model that supports environmental sustainability by transforming waste into commercially valuable resources.
Utilisation of IPO Proceeds:
Part finance the construction of the New Perak Facility – RM24m (30.31%)
Part finance the purchase of machinery and equipment for the New Perak Facility – RM34m (42.95%)
Working capital – RM14.77m (18.66%)
Estimated listing expenses – RM6.4m (8.08%)
Past Financial Performance (Revenue, PAT%):
FYE 2022: Revenue ~RM65m, PAT ~RM15.4m (23.73%)
FYE 2023: Revenue ~RM80m, PAT ~RM23.8m (29.75%)
FYE 2024: Revenue ~RM80.1m, PAT ~RM21.8m (27.17%)
FPE 2025: Revenue ~RM67.8m, PAT ~RM20.2m (29.83%)