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UNITRADE Industries Bhd, one of the country’s largest building materials wholesalers and distributors, is confident of continuing to register profit growth despite headwinds impacting a myriad of industries.
I happened to listen in to Unitrade ipo briefing on Rakuten. Me no expert but can share some info i heard.
Jazz M: Mgmt commented on gearing during briefing. After listing gearing come down to 1x. For trading company .. 1x shld be ok la. Plus they also explain most borrowing is short term trade financing.
Building mat stocks now record high profit.. later after GE, construction stocks will do well.. by right building mat shld also do well.
Eric: if u understand wholesale/distribution/trading biz.. then allocating funds to working capital is also some form of expansion. In wholesale, U need more working cap to grow the biz. MD said will increase product range and also bring in new products using the working cap. As for borrowings, after repay .. they said will save RM1-2m interest.
Btw i only share what i heard ya .. dont scold me if u dont agree. Unitrade doing ipo roadshow now so u can also go listen yourself if u want. Open to public one.