IPO price was over value, that was why major shareholder happily selling until now, fair value of the company shall between 55mil-60mil, PE at approximately 10 time, if average Rm1.5 mil profit per quarte. so price below RM0.35 shall be an attractive entry level. Worst Performance in 2018, hope have better performance in 2019 for all shareholders
I think price will stagnate at current range, as investor not likely to sell at fair value, and potential investor not willing to pay premium. so back to fundamental, if Management performance well price will go up, or else price will go down
Based on Port Klang data, Import and export volume drop 25% in Feb’2019, if uncertainty on China / US trade war keep defer, logistics sector will get worst.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3140 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
billionn
731 posts
Posted by billionn > 2018-12-24 03:51 | Report Abuse
Back to 0.29 again sigh! C u at. 10la