AME ELITE CONSORTIUM BERHAD
KLSE (MYR): AME (5293)
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Last Price
1.33
Today's Change
+0.05 (3.91%)
Day's Change
1.23 - 1.33
Trading Volume
674,300
IPO Info
Offer Period
Opening
2019-09-24
Closing
2019-09-30
Time Table
Allotment Date
2019-10-10
Listing Date
2019-10-14
Price
Issue Price
-
Units
427,115,101
Share Capital
0.000
No of Shares
Public Issue
85,423,000
Offer for Sale
42,711,800
Private Placement
-
Issuing House
MIH - 599
ISIN Code
MYL5293OO005
Prospectus:
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
Discussions
Be the first to like this. Showing 50 of 114 comments
When u see more institutional investor is buying mean this is a good stock to invest.
2019-12-10 11:36
Technical on AME - https://twitter.com/TTRSI7/status/1228039277889482752?s=20
2020-02-14 03:44
https://www.theedgemarkets.com/article/uem-sunrise-sell-johor-land-rm434m-ame-elite-consortium
AME market cap only 820mil, where it find money to buy RM434m land?
2020-10-09 16:16
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
2020-12-02 09:30
https://focusmalaysia.my/business/workers-housing-woes-not-easy-to-comply-with-act-446-says-mef/
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.
2020-12-03 18:01
AME :
- Entry: <2.29
- Cut Loss: 2.23
- Risk: 2.62%
- MACD: 0.004
TP Valid for Swing only:
- TP1: 2.34
- TP2: 2.39
2020-12-04 03:07
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
2021-06-02 12:28
Managed to get some tickets from my queue at RM 1.89.good luck guys
2021-10-27 15:58
My average price this counter RM1.89.my top up some if reach my price.good luck guys
2022-05-26 22:42
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Pradeep Kumar
Justified why Artane said RM2.50 . RM2. 00 not an issue
2019-12-02 22:48