Posted by foggyt > 2021-07-01 14:05 | Report Abuse

Guess everyone might knows Ramssol is the first tech company going for IPO in 2021. Let's take a look at the PE valuation where the IPO price is at RM0.45 based on 13x PE, as compared to recent IPO of CTOS which its IPO price is at RM1.10 based on 63x PE. Looking at the difference of the PE, Ramssol might be relatively cheaper if looking at the PE valuation. On a side note, we can dive deep into looking their ownership, where Ramssol is owned by the founding partner Mr. Cllement and Miss Miew Lan, whereas CTOS is controlled by Private Equity Firm, Creador which has an exit timeframe to maximize their IRR. Also did listen to the BFM podcast, what is everyone thought on this? https://www.bfm.my/podcast/morning-run/the-breakfast-grille/ramssol-growing-its-reach-across-sea