Posted by Viable4Everything > 2023-08-29 17:14 | Report Abuse

Another IPO which will be oversubscribed 😁 Cheap valuation and High in NP margin

Posted by Joscylyn > 2023-08-29 17:34 | Report Abuse

Stockbroking firm Mercury Securities to raise RM39m from IPO and it will be the first stockbroking company to be listed in Bursa

https://theedgemalaysia.com/node/680367

Posted by LaoHaidi > 2023-08-29 18:08 | Report Abuse

When is the subscription date for this IPO?

Posted by SourDosey > 2023-08-30 11:03 | Report Abuse

Just saw the news 😅 The upcoming listing company, Evergreen Max Cash Capital Bhd, is also Mersec's customer. This company's earnings must be very lucrative

https://www.thestar.com.my/business/business-news/2023/08/01/evergreen-max-inks-underwriting-agreement-with-mercury-securities-for-ace-market-ipo

Posted by Viable4Everything > 2023-08-30 12:30 | Report Abuse

@LaoHaidi. Pursuant to the launch of Mercury Securities' prospectus, applications for the public issue are open from August 28 and will close on September 5, 2023, at 5:00 p.m.

Posted by Joscylyn > 2023-08-30 13:29 | Report Abuse

Better go and subscribe it before it's too late. This counter will be very very hot one

Posted by jinchan > 2023-08-30 13:33 | Report Abuse

no point to subscribe early as it's not based on 1st come 1st serve basis

Posted by CASHewnut > 2023-08-30 18:19 | Report Abuse

Last day subsribe easier to kena hahaha

Posted by maxwell91 > 2023-08-31 13:58 | Report Abuse

mercury revenue should be up after include the placement fees from evergreen max cash since theyre incharge for evergreen ipo listing...bursa market also going up for this month so revenue from brokerage should be better than early of this year

Posted by maxwell91 > 2023-08-31 14:01 | Report Abuse

and they are incharge of few company which will be listing in bursa soon

Posted by BDragon > 2023-09-01 03:25 | Report Abuse

This stock is EXPENSIVE.

Posted by speakup > 2023-09-01 06:06 | Report Abuse

@BDragon please give some numbers to support your statement

Posted by Viable4Everything > 2023-09-01 11:40 | Report Abuse

PE is around 12.36x. In fact, it's very cheap given its continuous profit-making performance and its license

Posted by AmySee > 2023-09-01 12:23 | Report Abuse

As an investor and using its platform to do trading activities, this company is really worth looking at

Posted by RayLee > 2023-09-01 12:55 | Report Abuse

Its net profit margin is the highest among other stockbroking companies and surely will subscribe it

Posted by BDragon > 2023-09-01 14:08 | Report Abuse

@speakup profit is declining, can refer to prospectus.

Posted by 4dJackpot777 > 2023-09-01 17:16 | Report Abuse

applied... good luck everyone...

Posted by Viable4Everything > 2023-09-01 19:09 | Report Abuse

Because people were actively doing online trading during 2020 and 2021 due to the gloves sentiment. So, compared to this high base period, it will slow down a bit, BDragon

Posted by mectronx > 2023-09-01 20:43 | Report Abuse

New ipo in town, pe is x12 why say expensive???

Posted by IvanOnMyOwn > 2023-09-01 20:54 | Report Abuse

first day will open 50 sen, apple first when the chance is there.

Posted by BDragon > 2023-09-01 22:00 | Report Abuse

@viable Therefore, if use the latest reported half-yearly result (with NP -49% Y/Y) and annualise that, the PE is even higher than 12.6x.

Posted by BE_GREEEEEDY > 2023-09-01 22:46 | Report Abuse

hot liao this mercury $$$$$
even high P/E APEX SECURITIES NOW RM 1.16
can't rule out MERCURY RM 1.00 ++

Posted by maxwell91 > 2023-09-02 10:10 | Report Abuse

BDragon...eventhou i would be happy if u didnt apply this ipo coz got 1 less competitor, i still want to clarify some things...did u know that brokerage sector PE now around 19.9...so mercury even if u calculate the forward PE still fairly price compare to the sector PE...and u cannot compare revenue from 2020-2021...those are special case coz during covid all brokerage company revenue shoot up...and now all of them are back to normal revenue before covid including mercury...mercury strength is in their PAT and strong cash reserved (no debt)...and with this ipo proceeds they can boost their profit more thru margin financing...margin financing give high profit with lesser cost....almost 37% of their profit come from margin financing and if they have more money from ipo to use for this margin financing, i believe their profit will increase more in the future...and not to mention this sector considered 1 of the hot sector now..just look at their closest peer APEX now traded at PE 37.

Posted by BDragon > 2023-09-02 17:08 | Report Abuse

Max. By "hot" sector, I think you mean share prices/multiples that have been pushed up beyond fundamentals, given the Bursa transaction value is, as you say, coming off.

When I mentioned the prior periods, the message is to use the latest (lower) EPS to calculate the P/E, rather than the 12.4x used by one of the commentors, which is based on the prior (higher) EPS.

If the Bursa transaction value is declining, I think great profit margin will not matter much in such case as EPS will still decline, as also indicated by the latest half-yearly result. Also, in a declining market, I wonder how much additional revenue the company can generate with the extra cash raised from IPO. I also do not think no cash is something to cheer about from a capital structure point of view.

Posted by BE_GREEEEEDY > 2023-09-02 20:27 | Report Abuse

8 dragon already half dead , torchered by NEXGRAM liao

Posted by maxwell91 > 2023-09-03 01:01 | Report Abuse

BDragon..25 sen is much more cheaper if u compare to its closest peers apex securities (PE 37) and M&A (PE 29)…the up and down in revenue is normal for brokerage company bcoz their revenue mostly depend on the market..and i believe the market starting to go up already since july..this will give some boost to their revenue..not to mention they have strong cash assets with zero debt…and also their net profit is very good and very high 40% average..their revenue not come from brokerage only, they also do margin financing and corporate finance which give alot of profit with lesser cost..and most of their ipo proceed is for their business activity (expanding)..based on this facts, i believe their shares price is fairly value..i will subscribe their ipo for sure and it doesnt worry me at all..i mean even KGW IPO with the worst fundamental also managed to give me profit 13%..so why should i be worried about mercury ipo which hv far better fundamental compare to KGW IPO?

Posted by Huat 888 > 2023-09-03 12:02 | Report Abuse

agree with maxwell..
tis IPO worth to subscribe..hopefully can get some popipopi

Posted by Viable4Everything > 2023-09-04 09:27 | Report Abuse

This company is very strong and steady one, as they were able to stay profitable during global financial crises e.g. 1997 and 2008

Posted by LaoHaidi > 2023-09-04 10:49 | Report Abuse

Subscribed its IPO alrdy. May the "Mercury" be with me 🙏

Posted by AmySee > 2023-09-04 12:02 | Report Abuse

Tomorrow is the last day for subscription this IPO. Estimated it will be oversubscribed more than 50 times, conservatively speaking

Posted by EatCoconutCanWin > 2023-09-04 14:18 | Report Abuse

don't buy , TA said bad review 0.28 only.

Posted by tomxi88 > 2023-09-04 15:28 | Report Abuse

wah TA say bad review? time to buy

Posted by BDragon > 2023-09-04 15:33 | Report Abuse

Can anyone shed light what happens to Mercury's CF team? It's not clear whether TA is saying the prior team is gone or they think Mercury need an additional CF team to drive CF revenue growth.

Posted by Tokyolo > 2023-09-04 15:50 | Report Abuse

@maxwell nice analysis, really the most worth to subscribe this year

Posted by Polobuddy > 2023-09-04 16:47 | Report Abuse

Hehehe gonna subscribe tmr since last day always lucky for me, good luck everyone that try to subscribe

Posted by BE_GREEEEEDY > 2023-09-04 17:08 | Report Abuse

reverse psychology by TA
hmmm $$$$$$ sure ONE

Posted by maxwell91 > 2023-09-04 20:45 | Report Abuse

EatCoconut…28 sen still profit..TA give glostrext ipo 15% upside only but look at it on the first day listing..for me mercury is low risk high return ipo.

Bdragon..if im not mistaken 1 of their cf team resign but they still got 3 more cf team to run the business and more cf team will coming soon

Posted by BDragon > 2023-09-04 22:50 | Report Abuse

Thanks for the info.

Posted by speakup > 2023-09-05 07:48 | Report Abuse

@LaoHaidi, Mercury (the metal) is toxic.

Posted by EatCoconutCanWin > 2023-09-05 09:01 | Report Abuse

for me is better don't in, risk is there as someone already review bad. don't risk, you get burn

Posted by maxwell91 > 2023-09-05 10:00 | Report Abuse

EatCoconut..its not bad review..still give 12% upside..where got bad? U buy stock at open market is more risky than buy ipo..ipo is low risk investment…u need to read their prospektus on what is their strength..basically company with zero debt and cash rich

Posted by BE_GREEEEEDY > 2023-09-05 10:12 | Report Abuse

high PE APEX Securities now RM 1.16.....hmmm
cheap dirt mercury merely 25 sen

Posted by chickenriceseller > 2023-09-05 11:33 | Report Abuse

lapsap company with no growth

Posted by LaoHaidi > 2023-09-05 14:47 | Report Abuse

@speakup. Haha. Nice pun. If you get this mercury (IPO), you surely can buy that mercury (metal) for free using the profit gain 😁

Posted by BE_GREEEEEDY > 2023-09-05 15:01 | Report Abuse

less than 2 hrs.....hurryyy upppp
GRAB.....GRABBB $$$$$

Posted by BE_GREEEEEDY > 2023-09-05 15:02 | Report Abuse

not sure can get it or not

Posted by Viable4Everything > 2023-09-05 15:30 | Report Abuse

Never try never know. Someone even vainly tried to reduce the number of subscribers by saying this company doesn't have growth 🤣 That person obviously didn't read any reports or prospectus

Posted by RamlyBurgerEnjoyer > 2023-09-05 16:11 | Report Abuse

Apply saja, dirt cheap & once listed cant see this price anymore

Posted by SourDosey > 2023-09-05 16:14 | Report Abuse

Don't bother, that person sure curi-curi subscribing this IPO. Now it's very easy to subscribe one IPO, just login to PBB or Maybank online banking and apply, no need to go to ATM anymore

Posted by BE_GREEEEEDY > 2023-09-05 16:38 | Report Abuse

pssttttt
20 more minutes
huat chaiii $$$$$
TP 90 SEN - RM 1.00
HIGH P/E APEX Securities now rm 1,16