Posted by SamuelLuke > 2019-09-27 09:25 | Report Abuse

New construction n developer listed company!! What’s the deal??

Posted by dennis888 > 2019-09-30 11:13 | Report Abuse

I see the proposed IPO price is overprice. The price should be $1.00 instead of $1.30, then is commensurate with the company fundamental background. so the performance will be like MTAG GROUP BHD upon listing on 14/10/2019, Up on open price then going downwards on consequent days never rebound. Burnt...Burnt..Burnt

Posted by afterlight > 2019-09-30 16:13 | Report Abuse

Construction company with RM500m IPO + NO price stabilisation mechanism

= 不是等死， 不用等，一开就死

Posted by DRwarrant > 2019-10-03 13:57 | Report Abuse

SURE ONE - a very solid company
TP RM 2.20 ....huartt arrrrr

Posted by goh188 > 2019-10-03 14:05 | Report Abuse

Rather put my money in GDB.

Posted by DRwarrant > 2019-10-07 10:06 | Report Abuse

## FAIR VALUE RM 1.41 Public Investment Bank

Since 2011, the group's property development business has benefited from the synergistic relationship with its in-house construction and engineering services divisions, which enables AME to execute its industrial park development projects by delivering industrial buildings of high quality in a cost-efficient and timely manner. We derive a fair value of RM1.41 based on an 11x PE multiple to its FY2020F EPS of 12.8 sen. The IPO is expected to raise approximately RM111.1m from the issuance of 85.4m new shares. Besides utilising 62.2% and 20.7% of IPO proceeds respectively for industrial property development and potential joint ventures as well as working capital for AME’s i-Park @ SAC development project, 8.1% of the proceeds is allocated to complete the expansion of AME's precast concrete fabrication capacity, that are earmarked for future growth.

### No Sweat to HIT RM 2.00 ++ Follow Main Board UWC IPO Fantastic Showing
SURE GOLENGG ONE $$$$$$$$

Posted by DRwarrant > 2019-10-09 05:16 | Report Abuse

Main Market-bound IPO AME's 1Q net profit surges 96%
Surin Murugiah
/
theedgemarkets.com

Posted by banking88 > 2019-10-09 09:37 | Report Abuse

before ipo sure profit surge,see leong hup now.watch out.the property market is dying

Posted by DRwarrant > 2019-10-09 09:39 | Report Abuse

the above sour grape >> don't be PONDAN !

Posted by banking88 > 2019-10-09 10:19 | Report Abuse

beware the syndicate.see mtag,sds.runnn

Posted by banking88 > 2019-10-10 09:44 | Report Abuse

valuation on the high side.compare other peers like kim lun PE only about 6.this is mainly a construction company.the high cost of labour is a big headache.

Posted by DRwarrant > 2019-10-10 18:30 | Report Abuse

The edge !

Main Market-bound IPO AME's 1Q net profit surges 96%
Surin Murugiah

## AME ELITE >> Making Money Company

TP RM 2.00 ++ .....
( Black Market Price now RM 1.60 )

*** To be another Fantastic Main Board IPO >> UWC

Posted by DRwarrant > 2019-10-11 04:49 | Report Abuse

IPO AME Elite Consortium Bhd - Banking On Industrialisation
Author: MalaccaSecurities | Publish date: Wed, 9 Oct 2019, 6:09 PM


At an indicative offer price of RM1.30 per share, AME trades at an estimated FY20 and FY21 PERs of 10.5x and 9.6x, at the lower end of the average PER of small-medium size construction peers at 8.0x-13.0x, indicating upside potential, in our view


Investment Highlights

AME Elite Consortium Bhd (AME) started off as a small scale construction player, focusing on the customisation of industrial facilities in 1995. Since then, the group evolved into a niche construction player and diversified into the property development business in 2011. Helmed by a management team with vast experience in the construction sector, AME commands a 2.5% market share in the Malaysia industrial construction segment and 0.3% market share for the Malaysia industrial park segment in FY19.

AME has also established itself a niche integrated construction player, specialising in the development of industrial parks in Malaysia. To-date the group manages four industrial parks (all located within Johor) and has completed over 200 construction projects.

In bid to strengthen its foothold in the industrial park industry in Malaysia, the bulk of its IPO proceeds (RM69.1 mln or 62.2%) will be channeled into future industrial property development and investment projects, whilst RM23.0 mln or 20.7% of IPO proceeds will be utilise as working capital for existing i-Park @ SAC development project. To support the construction business, RM9.0 mln or 8.1% of IPO proceeds will be allocated to the expansion of its precast concrete fabrication facility.

AME has delivered a stable historical three-year (FY16-FY19) compounded annual growth rate (CAGR) of 13.3% on its net profit to RM47.5 mln, on the back of a historical three-year revenue CAGR of 11.2% to RM339.0 bln in FY19.

At an indicative offer price of RM1.30 per share, AME trades at an estimated FY20 and FY21 PERs of 10.5x and 9.6x, at the lower end of the average PER of small-medium size construction peers at 8.0x-13.0x, indicating upside potential, in our view.

Posted by banking88 > 2019-10-11 20:01 | Report Abuse

sds now below ipo price.this one also the same.the business model nothing special.if recession comes,lari pun tak sempat.

Posted by DRwarrant > 2019-10-12 12:05 | Report Abuse

Wall Street Overview
Stocks ended sharply higher ( + 319 ) Friday as President Donald Trump said the U.S. had "a substantial phase one deal with China" in the lengthy trade war between the world's two largest economies and delayed tariff increases set to go into effect next week.

Posted by DRwarrant > 2019-10-12 12:09 | Report Abuse

TP RM 2.50 for AME ELITE IPO
With Fantastic Fundermental of AME Elite + thanks to Dow Jone STEAMINGGG 319 points overnite Friday

Posted by DRwarrant > 2019-10-13 13:55 | Report Abuse

Main Market-bound IPO AME Elite 1Q net profit surges 96%

Surin Murugiah
/
theedgemarkets.com

October 08, 2019 13:26 pm +08

Posted by banking88 > 2019-10-13 16:30 | Report Abuse

the sudden profit surge 96% is due to one off property disposal gain.be watchful.

Posted by DRwarrant > 2019-10-13 19:43 | Report Abuse

At an indicative offer price of RM1.30 per share, AME trades at an estimated FY20 and FY21 PERs of 10.5x and 9.6x, at the lower end of the average PER of small-medium size construction peers at 8.0x-13.0x, indicating upside potential, in our view.

## Noted : Malacca Securities ....AME ELITE SURE ONE lah

*** Thanks Dow Jone STEAMINGGG 319 POINTS Friday $$$$$ !

Posted by thinkfirst > 2019-10-14 08:02 | Report Abuse

https://www.theedgemarkets.com/article/publicinvest-research-derives-fair-value-rm141-ame-elite#.XaLyQsc4YOc.whatsapp

Posted by shortinvestor77 > 2019-10-14 08:38 | Report Abuse

Lai Sai SOON.

Posted by Callmejholow > 2019-10-14 09:16 | Report Abuse

up up up!

Posted by DRwarrant > 2019-10-14 10:23 | Report Abuse

SOLIDDDDDDDDDD $$$$$$$$$$$

Posted by xuxu > 2019-10-14 10:49 | Report Abuse

take profit

Posted by xuxu > 2019-10-14 10:50 | Report Abuse

roller coaster ~~~~

Posted by neoZ > 2019-10-14 14:50 | Report Abuse

will go 1.70 :)

Posted by flexibt > 2019-10-14 15:44 | Report Abuse

hmm...still skeptical on this one

Posted by HuatAh8809 > 2019-10-14 18:45 | Report Abuse

As Long as it is not M&A securities one, it should be OK

Everyone in Malaysia know M&A con so many people already, seem like only regulator don't know

Posted by James Ng > 2019-10-14 21:16 | Report Abuse

https://klse.i3investor.com/blogs/general/230077.jsp
[转贴] [Facebook live video:浅谈AME Elite consortium berhad (AME)] - James的股票投资James Share Investing

Posted by siing11 > 2019-10-15 10:15 | Report Abuse

any news for this com up 15cen d

Posted by Zack164 > 2019-10-16 08:25 | Report Abuse

Today will rocket

Posted by neoZ > 2019-10-16 09:47 | Report Abuse

will go 2.00

Posted by geraldt9 > 2019-10-16 12:40 | Report Abuse

Based on what ... no harm to dream.

Posted by neoZ > 2019-10-16 13:16 | Report Abuse

just wait..this counter is good for long term..

Posted by Stocker > 2019-10-16 15:54 | Report Abuse

2600++LOT BOUGHT ~ WOW...

Posted by Stocker > 2019-10-16 16:57 | Report Abuse

washing out some players... tomorrow uptrend lu

Posted by SamuelLuke > 2019-10-29 09:51 | Report Abuse

This one is a nono!! Next year will be Rm1~.8 ... see ya guys

Posted by techlee229 > 2019-10-30 17:26 | Report Abuse

AME Elite Consortium Bhd has proposed to acquire a piece of land in Kulai, Johor, measuring approximately 6.08 hectares for RM25 million to develop units of industrial buildings with a gross development value of RM120 million.

“The development cost will be funded by stage-of-completion payments from customers, as well as internally generated funds and/or bank borrowing in which the quantum or proportion has not been determined.

Posted by Artane > 2019-10-31 18:32 | Report Abuse

Tomorrow will fly high, mark my words, this counter will reach rm2 soon, it will follow greatech n uwc, take a look on today volume 3pm onward jerung is collected

Posted by apolloang > 2019-11-04 11:32 | Report Abuse

go go go ame new high

Posted by apolloang > 2019-11-04 11:48 | Report Abuse

uncle pang u not here? hehe

Posted by Artane > 2019-11-04 15:49 | Report Abuse

rm2 is coming

Posted by apolloang > 2019-11-04 16:39 | Report Abuse

2.00 kambing we mah more kaya....hahaha

Posted by knightTrader > 2019-11-04 17:14 | Report Abuse

when the share soar everyone praising, when it goes down everyone start to curse it.

Posted by pang72 > 2019-11-04 22:08 | Report Abuse

Apollo... Never chase high...
Remember this...
I had sold AME...

Posted by pang72 > 2019-11-04 22:08 | Report Abuse

It is too high as a property stock..

Posted by pang72 > 2019-11-04 22:09 | Report Abuse

I can't see the way..for ame. Purely goreng!
Jaks can see rm1. 80..

Posted by pang72 > 2019-11-04 22:14 | Report Abuse

After Jaks hit rm1. 80..... Then you can chase high on Jaks..at rm1. 80..
Another 70c more!!..
Remember buy low and sell high!
Chase high and sell low will not work!

AME game ended here!

Posted by Artane > 2019-11-04 22:59 | Report Abuse

At 2.53 pm, 1 bundle 11,713 was buy at price 1.75 equivalent to rm 2,049,775, from the fibo the price will hit rm2 then continue to 2.50, rm2 will hit soon, buy this strong turbo stock will follow greatech and uwc

Posted by apolloang > 2019-11-05 01:01 | Report Abuse

I make many rounds on jaks tired of the old lady liao,now looking for younger chicks like AME,also sounds like AMY.....hehe