Posted by john > 2017-04-02 23:57 | Report Abuse

u said Net Asset Per Share: RM 0.28, then the offer IPO price is RM0.36. will it go down then?

Posted by Josephtc > 2017-04-03 12:35 | Report Abuse

Eversafe is trying their luck in the ACE market as there are many tyre retread companies in Malaysia like Kit Loong Tyre, Nam Bee, Sunrich tyre, Bridgestone Bandag tyre retreads and many other backyard retreads. What about tyre retreads from China? The IPO price is mere RM0.36, a tough industry and investors need to be more prudent.

Posted by Sc430 > 2017-04-03 15:52 | Report Abuse

@john

The Na per share is inside the prospectus. You are advisable to read the prospectus shall you have interested in the stock. Besides that, price can move up and down in many factors, however they are a lot of other stock traded above their Na per share, or above p/bv of 1 time.

@Josephtc

Retreaded tyre segment contribute only 10% of total profit. The tyre retreading materials are far more significant although the industry seems not so big in Malaysia. That's why you can see the company is expanding oversea now.

Most importantly, i am not intended/eligible to issue a sell/buy call, it is just a sharing of public, non material information.

Thanks

Posted by Josephtc > 2017-04-04 18:17 | Report Abuse

All the tyre retread companies which I had mentioned have their own retreading materials otherwise how do they produce retread tyres? Most of the companies have already established overseas markets and exported their retreading materials, whereas Eversafe is only now trying to expand overseas.

Posted by Sc430 > 2017-04-05 13:58 | Report Abuse

@Josephtc

Thank you for your piece of information. I certainly do not have as much knowledge as you in regarding to the industry. With that i think it is really a tough industry going on and challenging for eversafe rubber berhad

Posted by Josephtc > 2017-04-05 14:39 | Report Abuse

You are welcome Sc430. We need be let investors know the risk they are investing in an ACE market and let the greedy ones who speculate lose their pants. The authourity will take the first cut of the money through the expenses needed to list the company.