3REN BERHAD
KLSE (MYR): 3REN (0328)
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Last Price
0.34
Today's Change
0.00 (0.00%)
Day's Change
0.325 - 0.35
Trading Volume
9,199,300
IPO Info
Offer Period
Opening
2024-10-09
Closing
2024-10-23
Time Table
Allotment Date
2024-11-04
Listing Date
2024-11-06
Price
Issue Price
-
Units
650,000,000
Share Capital
84,800,002.000
No of Shares
Public Issue
-
Offer for Sale
-
Private Placement
-
Issuing House
-
ISIN Code
MYQ0328OO003
Prospectus:
INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF 3REN BERHAD ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:- (I) PUBLIC ISSUE OF 110,000,000 NEW ORDINARY SHARES IN 3REN BERHAD (SHARES) IN THE FOLLOWING MANNER:- (A) 32,500,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 30,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO OUR SUCCESS; (C) 3,800,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY; AND (D) 43,700,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (II) OFFER FOR SALE OF 45,000,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY, AT AN ISSUE/OFFER PRICE OF RM0.28 PER SHARE PAYABLE IN FULL UPON APPLICATION
3REN Berhad - Prospectus (Part 1).pdf
3REN Berhad - Prospectus (Part 2).pdf
3REN Berhad - Prospectus (Part 3).pdf
3REN Berhad - Detailed Procedures for E-IPO Share Application and Acceptance.pdf
Discussions
Be the first to like this. Showing 50 of 227 comments
3REN The stock price stabilized and rebounded after a continuous decline recently. The K-line system has risen. The diff line of MACD has shown signs of breaking upward. The market has turned bullish. The stock price has broken through from the lower track of the Bollinger line to near the middle track. There is still an upward trend in the short term
2 weeks ago
stonkhodi ada ofline Coaching..
setiap weekend di tealive pandanjaya 3pm to 4pm
(hari ahad shja)
tut tut
or nak senang sent request in tele(ada di bio profile paktua)
1 week ago
kawan kita ah kaq juga lama holanng qor ..
moneypedia hehe
tut tut
rindu old buddy
1 week ago
Morning paktua.
Tala bertapa la paktua. Bersara sini saja. Sudah tumpu kripto saja. Ikut Donald Trump. Pakai USDT, USDC saja ikut Blackrock hahaha.
1 week ago
Saja dtg nk tgk kawan2 lama.
Akaun lg stu pun dah lupa. Password. nsib cache henpon simpan password kut bleh jgk guna. Aiyah.
1 week ago
haha paktua also ada crypto tapi dok kena cry cry cry jaa..
poppit belum kasi wor..
so play play saham lor
hehhe
tut tut
ah kaq,ah leo,jasontan all sulah pencen wor
1 week ago
Hahaha rule crypto DCA (dolar cost averaging )dan BTD (buy the dip) paktua. Xbleh pakai cara bursa woo kelaut nnti. Volatility tinggi. Jatuh bleh 90% naik leh smpai 1000%, 10,000-100,000% pun ade depend. Bitcoin saya beli USD30k± skrng $100k, dh jual skit2. Lbh 300% untung wo, blum crypto lain lg.
Owh manyak sulah pencen la liolang haa.
1 week ago
hi stokhodi..
open telegram then sent request to
paktua link as below
swingdarkred73
need open telegram acct dulu then sent request to link above
tut tut
sent request at link above yer..
1 week ago
at least all the new ipo have made the second wave but this stup!d stock only up 2 days....puiiii
6 days ago
just cutloss and don't look back if loss less than 10%, this stock difficult to rise
6 days ago
Poor paktua. Everyday thinking what to write here. Everyday tut tut junam lagi. Celup celup tak pancut
2 days ago
Ready tomorrow you guys will see a double bottom pattern. After this no more low. Ready to tp at RM2
1 day ago
morning..
abit reviews base on FA for 3ren.(basic reviews only)
3REN Berhad
- has demonstrated notable financial performance in 2024 and holds promising prospects for 2025.
- Below is an analysis based on the specified valuation criteria:
1. Growth-Based Valuation
- i. Earnings Growth:
- In the third quarter of 2024, 3REN reported a revenue of RM29.0 million, contributing to a cumulative nine-month revenue of RM74.6 million.
- The profit before tax (PBT) for the same nine-month period was RM8.7 million, with a profit after tax (PAT) of RM7.0 million.
- ii. Market Opportunities:
- 3REN is optimistic about a recovery in the semiconductor industry in 2025, anticipating double-digit growth in both revenue and profit margins.
- The company plans to establish a new office in Singapore to better serve existing clients and expand its market reach.
2. Financial Performance-Based Valuation
i. Price-to-Earnings (P/E) Ratio:
- Upon its listing on November 6, 2024, 3REN's shares opened at RM0.28 and surged over 32% to RM0.37.
- Assuming an annualized EPS of approximately 1.7 sen (based on the nine-month PAT), the P/E ratio would be around 21.8 at the RM0.37 share price.
ii. Price-to-Book (P/B) Ratio:
- As of September 30, 2024, 3REN's net assets per share were RM0.12. With a share price of RM0.37, the P/B ratio is approximately 3.08.
iii. Dividend Yield:
- There is no indication that 3REN has declared or paid dividends up to September 30, 2024. Therefore, the dividend yield is currently 0%.
3. Valuation Methods
i. Discounted Cash Flow (DCF):
- No available Data in the current data yet.
ii. Comparative Valuation:
- Public Investment Bank assigned a fair value of RM0.34 to 3REN, based on a 16x P/E multiple of its projected FY2025 EPS of 2.1 sen.
iii. Intrinsic Value:
- no details report yet.
In summary,
- 3REN Berhad exhibits strong growth potential, supported by its recent financial performance and strategic market expansion plans.
so base on this paktua see abit sad valuation at rm0.34.
its not work it to hold on short swing Right now..
so paktua decided to set exit point on coming trading day with goal to get full capital and small profit before 1st week of march..
target at rm0.38 to rm0.40 position to exit all.
so paktua set next action as
paktua set Stoplost at rm0.34..
so paktua will topup back at
rm0.34 n below to evergedown back evp
supaya dapat menigkatkan profit pada exit point nanti.
tut tut
done reload for B-57 at rm0.34
manage evergedown back..
set 28hb feb max 1st week of march 25 as deadline to exit..
17 hours ago
as swing trader paktua need take action base on current situation
yang mana practical when market condition not to well..
tut tut
after yesterday cutlost hit at rm0.34
paktua decide enter back at same price today at rm0.34
to get evp more lower.
17 hours ago
haha..
yang condemn paktua
berani kaa share own tactical trading plan?
share what counter play..
what own projection goal..
how % proven success??
before condemn RP indicator..
paktua no need to provide how proven RP indicator
all was present on all forum..
with rate 80% hit target..
beat paktua record dulu baru hentam
haha
3ren game not end yet..
tut tut
paktua not say its the best indicator
tapi work well on paktua legion..
we now earn well on winstar,set, now on battle at CBH..
paktua jus swing trader not an investor.
17 hours ago
almost new ipo do the second waze before start sideways but this stok really shit... only 2 days just went up and then
price down like a bullsh!t... first time see new ipo like this.stup!d boss
13 hours ago
if you want make money... don't kill bilis trader.... once their loss confidence that time you will know
13 hours ago
Malaysia NEW IPO all is listing take money n run....Long term invest ?.....wrong term invest is TRUE......
12 hours ago
Kesian cutloss masuk lagi still kena. Masuk lagi dekat 10cent biar untung 50000%
12 hours ago
haha pakmuda sure ke paktua rugi..
paktua love play here..
you why here stufk juga ke haha
tut tut
baru jatuh 2 sen dah ketaq baik jual pisang goreng laa
11 hours ago
ingat paktua play here
main2 ke?
tut tut
yang burn kat natgate, vstec, ytlpowr,
berani cucuk?
ramai otai Ta sana burn kaw2 awat tak berani cucuk
haha
11 hours ago
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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