KLSE (MYR): AME (5293)
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1.23 - 1.33
Offer for Sale
MIH - 599
INITIAL PUBLIC OFFERING ("IPO") OF UP TO 128,134,800 ORDINARY SHARES ("SHARES") IN AME ELITE CONSORTIUM BERHAD ("AME") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARE CAPITAL OF AME ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING A PUBLIC ISSUE OF 85,423,000 NEW SHARES ("ISSUE SHARES") AND AN OFFER FOR SALE OF UP TO 42,711,800 EXISTING SHARES ("OFFER SHARES") INVOLVING: (A) RETAIL OFFERING OF 17,084,800 ISSUE SHARES TO BE OFFERED IN THE FOLLOWING MANNER: (I) 8,542,400 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC VIA BALLOTING; AND (II) 8,542,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF AME AND ITS SUBSIDIARIES ("AME GROUP"); AT THE RETAIL PRICE OF RM1.30 PER ISSUE SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO A REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND FINAL RETAIL PRICE (AS DEFINED IN THE PROSPECTUS), IF THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE; AND (B) INSTITUTIONAL OFFERING OF UP TO 111,050,000 IPO SHARES TO BE OFFERED IN THE FOLLOWING MANNER: (I) 49,118,300 ISSUE SHARES TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY ("MITI"); AND (II) 19,219,000 ISSUE SHARES AND UP TO 42,711,800 OFFER SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS (OTHER THAN BUMIPUTERA INVESTORS APPROVED BY THE MITI); AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"), SUBJECT TO THE CLAWBACK AND THE REALLOCATION PROVISIONS (AS DEFINED IN THE PROSPECTUS). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF THE RETAIL PRICE OR THE INSTITUTIONAL PRICE
AME - Detailed Procedures for Application and Acceptance.pdf
When u see more institutional investor is buying mean this is a good stock to invest.
Technical on AME - https://twitter.com/TTRSI7/status/1228039277889482752?s=20
start to sapu again
Monday how will it move?
yesterday sifu suggest on live today dy up
Which sifu call buy?
The boss own more than 70%, power!! Easy to push above RM3
sure win stock
i can't say at here
Niame. I will buy this if drop.
AME market cap only 820mil, where it find money to buy RM434m land?
Lets go AME
Pending breakout new high soon AME mari mari
Given the "enforcement" on foreign workers hostel in TopGlove, I believe AME will benefit from it as they are specialize in hostel management. Many MNC nearby will prefer outsource this "hardedge" to them. In addition to its proposed industrial REIT, more recurring income will be securing in future. Target to hit RM3.00 in near term offer revalue its industrial properties for the REIT exercise
AME is also provide hostel management to foreign workers. This will benefit AME in long term. My immediate target will be RM3.00, and toward RM3.60 level in 3 months time. Affin has put in a target price of RM2.60 on its report date 25/11. Its valuation is based on 20% discount to its revised NTA of RM3.61. Given its latest news flow of monetize its industrial property /warehouse into industrial REIT, we can now revised its valuation based on its RNTA of RM3.61.
It is not the end at RM3.60 ! Its 2nd half (post MCO) profit margin will be much better than 1st half (during MCO), we expect valuation will be revised upward again then. Target price should be in around RM4.50 based on 12-month valuation.
- Entry: <2.29
- Cut Loss: 2.23
- Risk: 2.62%
- MACD: 0.004
TP Valid for Swing only:
- TP1: 2.34
- TP2: 2.39
03-Feb-2021 KANG AH CHEE Acquired AME 558,500 shares
LEE SAI BOON Acquired AME 558,500 shares
Refer to my comment dated 3/12/20, TP of RM2.60 achieved. Affin has just revised its TP to RM2.75. Given more clarity of its prospect, together its recent 1:2 bonus issue + 1:3 free warrants, I believe share price will move higher to RM3.60 soon
Please advise what is the status of AME warrant 1 for 3 ?
Why price drop? Cut loss?
similiar to Mestron
up and down, look uncertain
NEW HIGH LIO
TP warrant 0.60
Mother 6 candle now, Sold warrant, (;
Managed to get some tickets from my queue at RM 1.89.good luck guys
ame to come
Ama lai lai lai
still not move this counter is boring.
My average price this counter RM1.89.my top up some if reach my price.good luck guys
ame has strong potential for capital gain after fdi
1.50 now, good price to enter
2 months ago
ame made new high low
target 1.90/2.00 then 2.50
2 months ago
woiii bangun la...mau tido smpi mati ka
2 months ago
up up n away?
1 week ago
long time sleep this stok....time to buy now
1 week ago
Justified why Artane said RM2.50 . RM2. 00 not an issue