Posted by MrAction > 2023-05-25 15:36 | Report Abuse

REd then good lah, below 0.50 is a bargain

Posted by YeahGary > 2023-05-25 16:02 | Report Abuse

if open low then grab some lor, no harm anyways

Posted by MiscLurker > 2023-05-25 16:31 | Report Abuse

fully subscribe = market are confident, worry not lah,,

Posted by XiongDaDa > 2023-05-25 16:47 | Report Abuse

Sit back and wait for the good show then on 31st

Posted by MikeyChan > 2023-05-25 17:24 | Report Abuse

Don't get patronized. They sure have some shares and prepare to take profit on that day

Posted by fairyz > 2023-05-25 19:27 | Report Abuse

Any potential good news to fry?

QR release? Special dividend news?


This company strength is their partner for building materials....cheaper than other competitor, the biz pipeline in term of GDV looks normal....not mammoth size (yet?)

Posted by OKU_2020 > 2023-05-26 10:07 | Report Abuse

Senheng 2.0......DXN 2.0
KOYAKKKK....

Posted by yapotakotak > 2023-05-26 11:54 | Report Abuse

OPEN 0.50 - 12PM 0.35-0.40 - 3PM 0.55

Posted by siliconrambutan > 2023-05-26 15:06 | Report Abuse

Some say gonna open lower, got potential to fry back up to 0.60... Some say this is MR DIY 2.0 too

Posted by XiongDaDa > 2023-05-26 16:58 | Report Abuse

Someone even repeatedly said SenHeng 2.0 too. Brain dah KOYAK. haha

Posted by undercutter > 2023-05-26 18:06 | Report Abuse

Next week show time .. get ready for the PUMP

Posted by MikeyChan > 2023-05-26 18:08 | Report Abuse

With more than 25% of gross profit margin, Radium is expected to perform well for FY2023 too

Posted by sigma404 > 2023-05-26 18:18 | Report Abuse

no way it gonna drop first, monitor & prepare,, operator & shark are gonna goreng.

Posted by RonnyWu > 2023-05-26 18:36 | Report Abuse

Surely will fly when it's listed on 31 May. Fully subscribed btw

Posted by OKU_2020 > 2023-05-26 23:23 | Report Abuse

what fully subscribed ?...don't be tricked ...!
every body got 100 % what they applied....what ever amount you applied - you got it
Disaster on listing day......SENHENG 2.0 , at least another kaput DXN

Posted by LoneWolf88 > 2023-05-27 06:31 | Report Abuse

Got 100% not fully subscribed?? Haha... Mr DIY 2.0

Posted by FinanceInRealLife > 2023-05-27 16:04 |

Post removed.Why?

Posted by trader808 > 2023-05-27 22:30 | Report Abuse

1. Radium is due for listing on 31st May at an IPO price of 50sen per share. The company is selling 868m new shares by public issue. There is no offer for sales by principle owners and major share holders.

2. The enlarged issued share capital after listing is 3.46b shares. At 50sen a share the market capital immediately upon listing is RM1.73b.

3.To facilitate the listing exercise, the initial capital investment of RM42.4m by the owners was restructured and enormously enlarged to 2.6b shares at 50sen a share.

4. This also means the listing exercise has enriched the owners from 42m to Rm1.3b. If this is not crazy, what is?
5.While Page 11 of the prospectus highlights the enlarged issued capital it did not describe the process of enlargement done magically.

6. Subscribers could only guess the enlarged capital was attained through capitalization of retained earnings and revaluation surplus.

7. According to the prospectus, the EPS of the enlarged capital of 3.46b shares is 2.93 sen. The IPO price of 50 sen would value Radium at a PE multiple of 17x.
The Net tangible assets of Radium upon listing is 23 sen. Hence, it is selling at 2.17x price to book value.

8.I am of the opinion that at PE multiple of 17x ,the company is more than fully value compare to other newly listed companies that traditionally command between 9x to 11x price earnings. With this inordinately high PE and disproportionately priced IPO, the promoters take all the money and leave nothing on the table.

9. Two (2) times price to book value is excessively high as many well known and great construction companies are trading well below book value.

10. Therefore Radium's valuation is at its peak even at the onset and post- listing.

11.Considering all the above, it is not surprising that the IPO response is tepid. Applications had closed and balloting done and issuing house had announced 100% success rate which is unique and peculiar.

12. I think the upside potential is very limited on listing day. It would be a blessing if it does not fall below IPO price and end up with a red histogram on the candlesticks chart.

13. This is my personal perception and it is not intended to dampen the investing spirits and passion of your successful application and allotment.
14 Good luck and all the best

Happy trading
27/5/23

Posted by cytew > 2023-05-27 22:37 | Report Abuse

The company has no significant growth over last couple of years, therefore it is quite likely to trade below IPO price on first day of listing...

Posted by OKU_2020 > 2023-05-28 19:34 | Report Abuse

BOOOO CHOWWW CCCCCCCCCCC
30 - 40 SEN

Posted by Impression > 2023-05-29 00:15 | Report Abuse

Radium Bhd has many good land banks bought at very good prices. They have the experience in getting best deals as shown in their previous developments in Setapak & Genting Klang.

Posted by MiscLurker > 2023-05-29 12:46 | Report Abuse

Cloudpoint open 0.75, RADIUM got chance to follow suit?

Posted by YeahGary > 2023-05-29 14:11 | Report Abuse

wednesday then know answer lo 🙏🙏

Posted by MrAction > 2023-05-29 16:09 | Report Abuse

hahaha, I can wait at 0.30-0.40 go ahead & throw your tickets !

Posted by MikeyChan > 2023-05-29 16:42 | Report Abuse

The revenue had grew from RM472 million in 2019 to RM563 million in 2021, up around 19%. No significant growth....? You need to think before you say, cytew. Numbers don't lie

Posted by cytew > 2023-05-29 17:26 | Report Abuse

2 years only 19%, what kind growth rate you are talking about ?

Posted by XiongDaDa > 2023-05-29 18:06 | Report Abuse

At least better than other property players lor, like Mahsing, UEMS, etc

Posted by trader808 > 2023-05-29 20:16 | Report Abuse

1. RADIUM has just announcement its 1st.Q result.
The company generated a revenue of RM25.2m and reported RM2.93m profit for the period ended Mar 2023.

2.It is quite interesting and somewhat incredible to note that by Wednesday this company a property developer with inordinately tiny revenue basing on its filings with Bursa will command a market capital of RM1.73B upon listing on 31st Mar.

3. The enlarged issued share capital is 3.46b shares and the IPO price is 50 sen. Market capital upon listing 1.73b
Happy trading
29/3/23

Posted by zhen wei & JP > 2023-05-29 20:32 | Report Abuse

Estimate share price 0.46 opening*

Posted by Faiza > 2023-05-29 20:33 | Report Abuse

With 1Q results, opening price is going to be shocking

Posted by EatCoconutCanWin > 2023-05-29 21:28 | Report Abuse

Limit down for sure

Posted by pkchong > 2023-05-29 21:31 | Report Abuse

Will the profit be much better in the subsequent quarters? If we annualize the 1st Quarter profit of $2.936M; with enlarged share capital of 3.468B shares, EPS at 0.339 sen and PE of ~148 times referencing IPO price of $0.50.

Comparatively, the audited revenue and profit for FPE2022 in the Prospectus are $302.011M and $92.083M respectively.

Posted by OKU_2020 > 2023-05-29 21:40 | Report Abuse

40 sen opening then collapsed to 30 sen...

Posted by cbkia4896 > 2023-05-29 21:45 | Report Abuse

radium can make bomb like uranium, but this bomb can only bomb investor money

Posted by Mc_Wei > 2023-05-29 23:02 | Report Abuse

Radium's low revenue and low profit for Q1 is expected. It's in the prospectus, they have completed all the projects in hand. Left one more Residensi Vista Sentul, 100% sold, 90% completion, to be completed by 2Q 2023. Launched a new project called Chancery Residences in Feb 2023. Projects in the pipeline yet to be launched has a GDV of RM3.36b. Analysts reports have already highlighted 2022f and 2023f revenue gonna drop, and only pick up in 2024.

Posted by LoneWolf88 > 2023-05-29 23:14 | Report Abuse

The Board of Directors of Radium (“Board”) wishes to announce that Radium, had on 29 May
2023, entered into a Memorandum of Understanding (“MOU”) with MyCharge EV Sdn Bhd
(“MyCharge EV”) for the purpose of collaborating with each other in an effort to explore the
possibility of venturing/developing renewable energy collaboration that complement each other
which at the same time align with Radium’s vision to promote environmental and business
sustainability (“Collaboration”).

Posted by hw0706 > 2023-05-30 05:16 | Report Abuse

Ev pro...

Posted by EatCoconutCanWin > 2023-05-30 09:10 | Report Abuse

Seem like put good new to goreng stock..

Posted by bro007 > 2023-05-30 11:05 | Report Abuse

yup.. agreed

Posted by RonnyWu > 2023-05-30 11:45 | Report Abuse

Not surprise, Radium is following the future trend to set up EV charging station at its properties

Posted by XiongDaDa > 2023-05-30 12:11 | Report Abuse

Great timing to announce that good news, haha. Tomorrow surely will open high

Posted by MikeyChan > 2023-05-30 13:37 | Report Abuse

Estimated 70-90 cents at the opening price tomorrow

Posted by siliconrambutan > 2023-05-30 14:07 | Report Abuse

not surprise to see them release good news first, tmr is big day after all

Posted by TG13688 > 2023-05-30 14:29 | Report Abuse

sharp are waiting at 0.3-0.4 , please sell your tickets.. 0.7-0.90 still dreaming good?

Posted by RonnyWu > 2023-05-30 14:56 | Report Abuse

Its Q1 also released, making RM25 million in revenue whereas RM2.92 in net profit. High chance to show a breakout tomorrow

Posted by undercutter > 2023-05-30 15:18 | Report Abuse

I dun ask for much, 0.60 also consider ok dy... please shark push down to 0.3-0.4

Posted by TG13688 > 2023-05-30 15:26 | Report Abuse

i waiting at 0.40. u slow slow wait at 0.60 ya..let see tmr..

Posted by yapotakotak > 2023-05-30 16:24 | Report Abuse

BOOOMMM!!

Posted by spyking > 2023-05-30 16:32 | Report Abuse

tomorrow morning opening trap ikan bilis

Posted by fuyohpuyo > 2023-05-30 16:38 | Report Abuse

Good news before open, something is brewing behind