Posted by DreamKaiser > 3 days ago | Report Abuse

Hello hello hello. Another cool one for the Kaiser to set the ball🏀 rolling. This one not a penny stock though. But more like a third liner.

Posted by DreamKaiser > 3 days ago | Report Abuse

Anyway, still might be something worthwhile to consider. Maybe the pundits among y'all might like to look further into it.

Posted by DreamKaiser > 3 days ago | Report Abuse

TMK Chemical unveils prospectus for RM385 mil IPO, priced at RM1.75 apiece
Luqman Amin/theedgemalaysia.com
25 Nov 2024, 01:22 pm

https://theedgemalaysia.com/node/735232

Posted by cariyoyo > 3 days ago | Report Abuse

TMK is controlled by KLK Group

Posted by cariyoyo > 3 days ago | Report Abuse

1.30 billion revenue, but profit about 91 million. Exciting?

Posted by DreamKaiser > 3 days ago | Report Abuse

91m profit on 1.3b revenue might not be fantastic. But neither is it that bad either.

Still comes to 7%. Not every billion plus company can manage that kind of income.

Posted by DreamKaiser > 3 days ago | Report Abuse

TMK Chemical to double capacity with new plant funded by IPO proceeds
Luqman Amin/theedgemalaysia.com
25 Nov 2024, 01:53 pm

https://theedgemalaysia.com/node/735236

Posted by cariyoyo > 3 days ago | Report Abuse

I went through its prospectus and found that it is managed by professional managers. The owner is not directly involved in the business. How much do you think will appreciate upon listing?

Posted by JupiterMeow > 1 day ago | Report Abuse

TMK Chemical Berhad's initial public offering (IPO) subscription period is notably brief, opening on November 25 and closing on November 29, 2024. This four-day window is shorter than the typical one to two weeks allotted for IPO subscriptions. Additionally, the company is expected to release its quarterly financial report by November 29, coinciding with the subscription deadline.
The timing raises concerns that if the forthcoming financial report reveals unfavourable results, it could negatively impact investor sentiment and the stock's performance upon listing.
For the financial year ended December 31, 2023, TMK Chemical reported a profit after tax (PAT) of RM91.6 million, a decrease of nearly 40% from RM150.34 million in FY2022. Revenue also declined by 12% to RM1.31 billion from RM1.48 billion in the previous year. TMK’s full-year 2024 performance will depend heavily on the continued ramp-up of the Baling Plant which commence operation in May 2024 and management’s ability to improve profit margins.
Investors should exercise caution and consider awaiting the release of the latest Quarterly financial report before making investment decisions. This approach allows for a more informed assessment of the company's financial health and prospects. But what if the quarterly report is release after 5pm on 29th Nov?