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11 Jul 2017

Wonderful Sky Financial Group Assists S&P International Holding Limited (Stock Code: 1695.HK) with the Successful Listing on HKEx

S&P International Holding Limited (“S&P” or the “Company”, together with its subsidiaries, the “Group”), is one of the most established coconut and related products manufacturers in Malaysia. On 11th July 2017, the Company commenced trading on the Main board of The Hong Kong Stock Exchange with the assistance from Wonderful Sky..

 

Share were actively traded on the first day of listing, with an intraday high of HK$1.25 and closed at HK$1.24, representing an increase of approximately 158.3% from the Offer Price of HK$0.48. Total trading volume was approximately 277 million Shares today, representing an aggregate turnover of approximately HK$217 million.

 

In 2015, the Group was one of the largest producers of coconut cream powder in Malaysia, accounted for a market share of approximately 45.3% of the coconut cream powder production industry. Owing to rising health consciousness, an increasing number of people consume coconut and related products. The Company has a sustainable growth of both revenue and adjusted net profit in 2014 to 2016, representing a CAGR of approximately 17.4% and 43.9%, respectively. The core products of the Group include coconut cream powder and low fat desiccated coconut, which are manufactured at the Perak Plant, a production facility of the Group in Malaysia. S&P also manufactures other food products, such as non-dairy creamer and other traditional South-east Asian traditional food ingredients, such as rice dumplings (ketupat) and toasted coconut paste (kerisik).

 

“Santan” and “Cocos” are the Company’s major brands and are well known in the Malaysia market as well as in export destinations. S&P has a wide international footprint, and its products are sold to customers in over 40 countries worldwide. Having a fully automated production equipment, an established global presence, a dedicated R&D team, as well as a stable management team with extensive industry experience, the Company has established a brand image which is associated with premium taste, high standards and good quality by providing the market with quality products.

 

Mr. Tang Koon Fook, the chairman of S&P stated, “The Group has been trying to expand in the worldwide market. As at the year ended 31 December 2016, 77% of the products are exported to markets outside Malaysia, including Hong Kong. We will acquire new equipment for expansion into coconut milk products, and we are progressing well with our 2017 target. We hope to do better on the second half of the year.”

 

As the only major integrated financial communications company in the world that is listed on the HKEx, Wonderful Sky will continue to provide a "one-stop” and nine-in-one prime financial public relations services, including financial public relations, investor relations, international roadshows, financial printing , corporate branding, ESG report, corporate doctor, headhunting program and asset management. “Your Success is Our Inspiration” is the motto of Company's Group, by which we strive to become the select partner of listed companies for the long term by offering customized and professional services to Company's clients.