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IPO Funds Are Used for Expansion , most of ipo proceeds are being used for buying new container vessels , expanding the fleet , purchasing land and expanding warehouse operations in port klang . So far so good ! Really looking forward to their performance in the second half of the year !! 🚢 📈
Result from the 1Q only reflect company health before the IPO. Thus the eps 3.51 is derived from 1.85 billion shares outstanding pre-ipo. after reconcile the number, the eps become 2.61 cent . Being said revenue/profit increase due to new ship acquire after the IPO is still not reflected in the Q1 result. In My Opinion, result of the company will only get better from here.💪💪