LHN Logistics ends Catalist debut at S$0.185; 7.5% below IPO price

THE logistics arm of LHN Limited : 41O 0%, LHN Logistics : GIH 0%, capped its trading debut on the Singapore Exchange’s Catalist board on Friday (Apr 29) 7.5 per cent or S$0.015 below its initial public offering (IPO) price of S$0.20.

This gives the company a market capitalisation of S$31.0 million and an implied price to earnings ratio of 9.3 times. The company posted a net profit of S$3.3 million for the year ended Sep 30, 2021. The theoretical earnings per share would be S$0.0198 in …

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