Credit Bureau Asia Limited IPO

 

For details on this listing, I find Singapore IPO has done a pretty good analysis. You can read it all here.

Key Fact Summary:

1. Economic recession resilient business model
2. #1 FI Data player in Singapore with 99.9% market share and 31 Credit Bureau members (as at June 2020)
3. #2 Non-FI Data player in Singapore via D&B Singapore, offering online instant national and international reports to customers
4. #1 and Sole FI Data player in Cambodia with 165 Credit Bureau members (as at June 2020), with a successful expansion track record of generating positive PAT and cash flows from operations within two years of operations
5. #1 and Sole FI Data player in Myanmar with up to 220 potential Credit Bureau members (as at December 2018), and potential to replicate Cambodia’s business model in Myanmar
6. Dividend payout ratio 90% (Potential yield 3.46%)
7. No Debt

IPO close (Public trench) on 01-Dec, 12pm.

The public trench (1.5 million share) is only open for 5 days. Seems they are pretty confident of covering the public offering given the small amount available. Heard that the vendor placement book closure was closed 1 day early. I am subscribing via the placement trench. Given the low interest environment, this looks good for long term holding.