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IPO Chilli Ratings

IPO Chilli Ratings
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Happy Chinese New Year 2026

The Horse is a symbol of freedom, independence, stamina, and spirited adventure. The colour Red and the Fire element are associated with passion. Fire is also associated with clarity and change. The Horse is also associated with speed, confidence, and energy.  Wishing all readers a Healthy and Prosperous Year of the Horse and continue to gallop strongly in your pursuit of financial freedom!
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Soon Lian Holdings Limited



Soon Lian Holdings is a specialist supplier of over 1,200 different aluminium alloy products. The products are mainly sold to the marine and precision engineering industries.

Public offer - 1m shares at $0.21
Placement offer - 26m shares at $0.21.
Manager: Philip Capital

FY07:

1H revenue : S$19.8m
1H net profit: S$2.7m

FY06:

Revenue: S$31m
Net profit: S$3.3m

Assume FY2007 revenue doubled to S$40m and net profit to S$5.4m, the EPS for 2007 will be around Singapore 5 cents based on post IPO 108m shares. The market cap based on IPO price will be S$22.6m. The Company will be listed on SESDAQ and is a ultra small cap company. The listing PE is around 4.2x. Downside is limited due to the cheap valuation.

I will give it a 1 Chilli rating and give it a miss.
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