MORNING CALL: 1/11/23

Apex Research says it likes Plytec Holding for its emphasis on climbing the value chain through the provision of engineering solutions

Transcript

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.