IPO Analysis

EMCC | Evergreen Max Cash Capital Berhad

EMCC group is principally involved in the provision of pawnbroking services. In addition, it is also involved in the business of retail and trading of gold and other products as well as the provision of pawnbroking consultancy services and information technology solutions to third-party pawnbrokers.

Market: ACE
Principal Adviser: Mercury Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: N/A
Listing Price: 0.24
PE Ratio: 13.3
MITI allocation?: Yes
Closing Date: 12-Sep-2023
Balloting Date: 15-Sep-2023
Listing Date: 26-Sep-2023
Oversubscription rate: 53.06x
Average Analysts FV*:
iSaham IPO Score***:
Market Cap: 267.58 M
Number of Shares: 1,114.90 M
IPO Allocations No. of Shares %
Malaysian Public 55.70 M 5.0%
Bumiputera shareholders approved by MITI 139.40 M 12.5%
Eligible Directors and employees 27.9 M 2.5%
Private placement to selected investors and others 87.6 M 7.86%
Total Allocations 310.60 M 27.86%

Offer for Sales of 43.00 M existing shares representing 3.86% enlarged shares.

Public Issue of 310.60 M new shares representing 27.86% enlarged shares.

Median Sectors PE:
Median Peers PE:
SSF | SSF Home Group Berhad

SHG and its group of companies is principally involved in the retail of furniture, home decor and home living products available via its retail channel (retail outlets) and online channel (e-commerce website).

Market: IPO on ACE
Principal Adviser: M&A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: SC (Yes)
Listing Price: 0.25
PE Ratio: 12.5
MITI allocation?: Yes
Closing Date: 27-Sep-2023
Balloting Date: 03-Oct-2023
Listing Date: 12-Oct-2023
Average Analysts FV*:
iSaham IPO Score***:
Market Cap: 200.00 M
Number of Shares: 800.00 M
IPO Allocations No. of Shares %
Malaysian Public 40.00 M 5.0%
Bumiputera shareholders approved by MITI 100.00 M 12.5%
Eligible Directors and employees 40.0 M 5.0%
Private placement to selected investors and others 44.0 M 5.5%
Total Allocations 224.00 M 28.0%

Offer for Sales of 24.00 M existing shares representing 3.0% enlarged shares.

Public Issue of 200.00 M new shares representing 25.0% enlarged shares.

Median Sectors PE:
Median Peers PE:
MINOX | Minox International Group Berhad

Minox is principally involved in the distribution of stainless steel sanitary valves, tubes & fittings, installation components & equipment, rubber hoses under its MINOX brand and other related products.

Market: ACE
Principal Adviser: M & A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: SC (Yes)
Listing Price: 0.25
PE Ratio: 10.68
MITI allocation?: Yes
Closing Date: 03-Oct-2023
Balloting Date: 06-Oct-2023
Listing Date: 17-Oct-2023
Average Analysts FV*:
iSaham IPO Score***:
Market Cap: 90.00 M
Number of Shares: 360.00 M
IPO Allocations No. of Shares %
Malaysian Public 18.00 M 5.0%
Bumiputera shareholders approved by MITI 45.00 M 12.5%
Eligible Directors and employees 10.8 M 3.0%
Private placement to selected investors and others 34.2 M 9.5%
Total Allocations 108.00 M 30.0%

Offer for Sales of 18.00 M existing shares representing 5.0% enlarged shares.

Public Issue of 90.00 M new shares representing 25.0% enlarged shares.

Median Sectors PE:
Median Peers PE:

MITI IPO

Companies that have opened for MITI applications


CPE Technology Berhad

CPE Technology is an investment holding company. Through its subsidiaries, the Group is an engineering support services provider principally involved in the provision of manufactured precision-machined parts and components.

Market: MAIN
Principal Adviser: KAF Investment Bank Berhad
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
Price: 1.20
Est. PE Ratio: 22.54
MITI allocation?: Yes
MITI Application Open Date: 04-Sep-2023
MITI Application Close Date: 08-Sep-2023
Market Cap: 805.58 M
iSaham IPO Score***:
Number of Shares: 671.31 M
IPO Allocations No. of Shares %
Malaysian Public 33.57 M 5.0%
Bumiputera shareholders approved by MITI 83.92 M 12.5%
Private placement to selected investors and others 117.4787 M 17.5%
Total Allocations 234.96 M 35.0%

Offer for Sales of 67.13 M existing shares representing 10.0% enlarged shares.

Public Issue of 167.83 M new shares representing 25.0% enlarged shares.

Median Sectors PE:
Median Peers PE:
PLYTEC Holding Berhad

PLYTEC group is principally involved in the provision of construction engineering solutions and services, which includes construction method engineering solutions, digital design and engineering solutions and prefabricated construction solutions that are aimed at increasing the efficiency and safety in construction activities via the adoption of industrialisation practices, supported by digitalisation of construction processes. The Group is also involved in the trading and distribution of core and general building materials.

Market: ACE
Principal Adviser: KAF Investment Bank Berhad
Issuing House: Malaysian Issuing House (MIH)
Shariah Status: N/A
Price: 0.38
Est. PE Ratio: 21.25
MITI allocation?: Yes
MITI Application Open Date: 14-Aug-2023
MITI Application Close Date: 18-Aug-2023
Market Cap: 230.30 M
iSaham IPO Score***:
Number of Shares: 606.06 M
IPO Allocations No. of Shares %
Malaysian Public 30.30 M 5.0%
Bumiputera shareholders approved by MITI 75.76 M 12.5%
Eligible Directors and employees 21.2121 M 3.5%
Private placement to selected investors and others 30.303 M 5.0%
Total Allocations 157.58 M 26.0%
Median Sectors PE:
Median Peers PE:
Jati Tinggi Group Berhad

Jati Tinggi Group is principally involved in the provision of infrastructure utilities engineering solutions.

Market: ACE
Principal Adviser: TA Securities Holdings Berhad
Issuing House: Malaysian Issuing House (MIH)
Shariah Status: Yes
Price: 0.27
Est. PE Ratio: 14.61
MITI allocation?: Yes
MITI Application Open Date: 12-Jun-2023
MITI Application Close Date: 16-Jun-2023
Market Cap: 105.79 M
iSaham IPO Score***:
Number of Shares: 391.80 M
IPO Allocations No. of Shares %
Malaysian Public 19.60 M 5.0%
Bumiputera shareholders approved by MITI 49.00 M 12.51%
Eligible Directors and employees 10.0 M 2.55%
Private placement to selected investors and others 23.2 M 5.92%
Total Allocations 101.80 M 25.98%
Median Sectors PE:
Median Peers PE:
MTT Shipping and Logistics Berhad

MTTSL is an investment holding company while its subsidiaries are principally involved in the provision of container liner shipping services, vessel chartering services, and container storage and container related services.

Market: MAIN
Principal Adviser: Maybank Investment Bank Berhad
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
MITI allocation?: Yes
MITI Application Open Date: 13-Sept-2021
MITI Application Close Date: 17-Sept-2021
iSaham IPO Score***:
Number of Shares: 1,000.00 M
IPO Allocations No. of Shares %
Malaysian Public 20.00 M 2.0%
Bumiputera shareholders approved by MITI 125.00 M 12.5%
Eligible Directors and employees 10.0 M 1.0%
Private placement to selected investors and others 145.0 M 14.5%
Total Allocations 300.00 M 30.0%
Median Sectors PE:
Median Peers PE:

Future IPO


Keyfield International Berhad

Keyfield International Berhad is an investment holding company whilst its wholly-owned subsidiaries are principally involved in the chartering of own accommodation work boats and third-party accommodation work boats and provision of related onboard services such as accommodation, catering, housekeeping, laundry and medical support services in Malaysia. Keyfield's sole associate company is principally involved in chartering of tug boat and marine security related activities.

Market: MAIN
Principal Adviser: M&A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: N/A
MITI allocation?: Yes
iSaham IPO Score***:
Number of Shares: 800.00 M
IPO Allocations No. of Shares %
Malaysian Public 40.00 M 5.0%
Bumiputera shareholders approved by MITI 73.19 M 9.15%
Eligible Directors and employees 24.0 M 3.0%
Private placement to selected investors and others 71.765 M 8.97%
Total Allocations 208.96 M 26.12%

Public Issue of 208.96 M new shares representing 26.12% enlarged shares.

Median Sectors PE:
Median Peers PE:
TUC Holdings Berhad

TUC is an investment holding company. Through its subsidiaries, TUC is principally involved in the supply of smart meters, manufacturing and integration of electrical systems, distribution of electrical products and other related activities such as supply of fibre-reinforced polymer cross-arms for power transmission power, provision of consultation services mainly concerning communications protocol for smart meters in Malaysia, and supply and installation of communication devices.

Market: ACE
Principal Adviser: Kenanga Investment Bank Berhad
Issuing House: Malaysian Issuing House (MIH)
Shariah Status: N/A
MITI allocation?: No
Number of Shares: 609.00 M
IPO Allocations No. of Shares %
Malaysian Public 30.45 M 5.0%
Eligible Directors and employees 5.2 M 0.85%
Private placement to selected investors and others 120.506 M 19.79%
Total Allocations 156.16 M 25.64%
Median Sectors PE:
Median Peers PE:
Paragrene Land Berhad

Paragrene Land is an investment holding company while its subsidiaries are principally involved in property development, where it develops and sells residential and mixed-use properties.

Market: MAIN
Principal Adviser: MIDF Amanah Investment Bank Berhad
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
MITI allocation?: Yes
Number of Shares: 1,180.00 M
IPO Allocations No. of Shares %
Malaysian Public 26.00 M 2.2%
Bumiputera shareholders approved by MITI 147.50 M 12.5%
Private placement to selected investors and others 42.554 M 3.61%
Total Allocations 216.05 M 18.31%
Median Sectors PE:
Median Peers PE:
Readycare Holdings Berhad

Readycare Holdings is an investment holding company. Its subsidiaries are principally involved in developing, manufacturing and supplying of household care products as well as private labels for retail customers.

Market: ACE
Principal Adviser: MIDF Amanah Investment Bank Berhad
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
MITI allocation?: Yes
Number of Shares: 202.00 M
IPO Allocations No. of Shares %
Malaysian Public 11.00 M 5.45%
Bumiputera shareholders approved by MITI 25.25 M 12.5%
Eligible Directors and employees 4.59 M 2.27%
Private placement to selected investors and others 17.75 M 8.79%
Total Allocations 58.59 M 29.0%
Median Sectors PE:
Wastech Resources Berhad

Wastech Group is principally involved in the manufacturing of specialty fertilisers and design, supply and installation of agriculture and landscape irrigation systems.

Market: ACE
Principal Adviser: Malacca Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: N/A
MITI allocation?: Yes
Number of Shares: 480.00 M
IPO Allocations No. of Shares %
Malaysian Public 24.00 M 5.0%
Bumiputera shareholders approved by MITI 60.00 M 12.5%
Eligible Directors and employees 24.0 M 5.0%
Private placement to selected investors and others 36.0 M 7.5%
Total Allocations 144.00 M 30.0%
Median Sectors PE:
ETA World Group Berhad

ETA World is principally involved in industrial property builders providing turnkey solutions specialising in the design and building of industrial buildings and trading of building materials.

Market: ACE
Principal Adviser: Inter-Pacific Securities Sdn Bhd
Issuing House: Malaysian Issuing House (MIH)
Shariah Status: N/A
MITI allocation?: Yes
Number of Shares: 429.92 M
IPO Allocations No. of Shares %
Malaysian Public 21.50 M 5.0%
Bumiputera shareholders approved by MITI 53.74 M 12.5%
Eligible Directors and employees 1.8 M 0.42%
Private placement to selected investors and others 34.862 M 8.11%
Total Allocations 111.90 M 26.03%
Median Sectors PE:
Median Peers PE:
Hikmat Duta Holdings Berhad

HDHB Group is principally involved in the provision of water supply and sewerage engineering works and other civil engineering works.

Market: ACE
Principal Adviser: M&A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
MITI allocation?: No
Number of Shares: 336.94 M
IPO Allocations No. of Shares %
Malaysian Public 16.85 M 5.0%
Eligible Directors and employees 10.109 M 3.0%
Private placement to selected investors and others 74.127 M 22.0%
Total Allocations 101.08 M 30.0%
Median Sectors PE:
Median Peers PE:
TTL Holdings Berhad

TTL and its subsidiaries are principally a machinery and equipment rental services provider with a focus on light machinery and equipment.

Market: ACE
Principal Adviser: M&A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
MITI allocation?: Yes
Number of Shares: 1,001.57 M
IPO Allocations No. of Shares %
Malaysian Public 50.08 M 5.0%
Bumiputera shareholders approved by MITI 125.20 M 12.5%
Eligible Directors and employees 20.032 M 2.0%
Private placement to selected investors and others 155.243 M 15.5%
Total Allocations 350.55 M 35.0%
Median Sectors PE:
Critical Holdings Berhad

Critical Holdings group is a design and engineering solutions firm and its principal activities relate to the provision of mechanical, electrical and process utilities for critical facilities such as plantrooms, cleanrooms and data centres.

Market: ACE
Principal Adviser: MIDF Amanah Investment Bank Berhad
Issuing House: Malaysian Issuing House (MIH)
Shariah Status: N/A
MITI allocation?: Yes
Number of Shares: 371.74 M
IPO Allocations No. of Shares %
Malaysian Public 18.59 M 5.0%
Bumiputera shareholders approved by MITI 46.47 M 12.5%
Eligible Directors and employees 3.7174 M 1.0%
Private placement to selected investors and others 42.7501 M 11.5%
Total Allocations 111.52 M 30.0%

Offer for Sales of 37.17 M existing shares representing 10.0% enlarged shares.

Public Issue of 74.35 M new shares representing 20.0% enlarged shares.

Median Sectors PE:
Median Peers PE:
Panda Eco System Berhad

Panda and its subsidiaries are principally involved in the development, customisation, implementation and integration of its Retail Management Eco-system. In addition, they are involved in the trading of third-party software, trading of information technology hardware as well as software customisation, implementation and integration of process control and automation solutions.

Market: ACE
Principal Adviser: M & A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
MITI allocation?: No
Number of Shares: 671.19 M
IPO Allocations No. of Shares %
Malaysian Public 33.56 M 5.0%
Eligible Directors and employees 42.774 M 6.37%
Private placement to selected investors and others 94.763 M 14.12%
Total Allocations 171.10 M 25.49%
Median Sectors PE:
Median Peers PE:
MKH Oil Palm

MKHOP is principally involved in investment holding and management services. Through its subsidiaries (collectively, the "Group''), the Group is involved in the cultivation of oil palm and the production and sale of crude palm oil and palm kernel.

Market: Main
Principal Adviser: M&A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: N/A
MITI allocation?: No
Number of Shares: 1,023.59 M
IPO Allocations No. of Shares %
Malaysian Public 51.21 M 5.0%
Private placement to selected investors and others 199.4979 M 19.49%
Total Allocations 250.71 M 24.49%
Median Sectors PE:
Median Peers PE:
TSA Group Berhad

TSA Group is principally involved in the distribution and supply of ferrous and non-ferrous metal and other industrial hardware products, manufacturing and processing of stainless steel pipes and other metal products.

Market: ACE
Principal Adviser: AmInvestment Bank Berhad
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: N/A
MITI allocation?: Yes
Number of Shares: 309.30 M
IPO Allocations No. of Shares %
Malaysian Public 15.46 M 5.0%
Bumiputera shareholders approved by MITI 38.66 M 12.5%
Eligible Directors and employees 15.465 M 5.0%
Private placement to selected investors and others 7.7325 M 2.5%
Total Allocations 77.33 M 25.0%

Public Issue of 77.33 M new shares representing 25.0% enlarged shares.

Median Sectors PE:
Median Peers PE:
Zantat Holdings Berhad

Principally involved the production of calcium carbonate namely ground calcium carbonate and calcium carbonate dispersions.

Market: ACE
Principal Adviser: M&A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
MITI allocation?: No
iSaham IPO Score***:
Number of Shares: 280.00 M
IPO Allocations No. of Shares %
Malaysian Public 14.00 M 5.0%
Eligible Directors and employees 11.2 M 4.0%
Private placement to selected investors and others 47.6 M 17.0%
Total Allocations 72.80 M 26.0%

Offer for Sales of 16.80 M existing shares representing 6.0% enlarged shares.

Public Issue of 56.00 M new shares representing 20.0% enlarged shares.

Median Sectors PE:
AGX Group Berhad

AGB is principally involved in the provision of logistics services, which includes sea freight forwarding, air freight forwarding, aerospace logistics, warehousing, other third-party logistics services, and road freight transportation.

Market: ACE
Principal Adviser: TA Securities Holdings Berhad
Issuing House: Malaysian Issuing House (MIH)
Shariah Status: N/A
MITI allocation?: No
Number of Shares: 432.87 M
IPO Allocations No. of Shares %
Malaysian Public 21.65 M 5.0%
Eligible Directors and employees 6.32 M 1.46%
Private placement to selected investors and others 98.53 M 22.76%
Total Allocations 126.50 M 29.22%

Offer for Sales of 30.00 M existing shares representing 6.93% enlarged shares.

Public Issue of 96.50 M new shares representing 22.29% enlarged shares.

Median Peers PE:
Wentel Engineering Holdings Berhad

Wentel is an investment holdings company and through its subsidiaries, the Group is in the fabrication of semifinished metal products, fabrication of metal parts and assembly of finished products.

Market: ACE
Principal Adviser: TA Securities Holdings Berhad
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
MITI allocation?: Yes
Number of Shares: 1,150.00 M
IPO Allocations No. of Shares %
Malaysian Public 57.50 M 5.0%
Bumiputera shareholders approved by MITI 143.75 M 12.5%
Eligible Directors and employees 33.0 M 2.87%
Private placement to selected investors and others 84.95 M 7.39%
Total Allocations 319.20 M 27.76%

Offer for Sales of 46.00 M existing shares representing 4.0% enlarged shares.

Public Issue of 273.20 M new shares representing 23.76% enlarged shares.

Leader Energy Holding Berhad

Leader Energy together with its subsidiaries and jointly controlled entities, is an independent power producer primarily engaged in the development, ownership, operation and maintenance of power assets and projects.

Market: Main
Principal Adviser: Affin Hwang Investment Bank Berhad RHB Investment Bank Berhad
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: N/A
Price: 0.56
MITI allocation?: No
Market Cap: 2,005.75 M
Number of Shares: 3,550.00 M
IPO Allocations No. of Shares %
Malaysian Public 71.00 M 2.0%
Eligible Directors and employees 5.5 M 0.15%
Private placement to selected investors and others 250.0 M 7.04%
Total Allocations 326.50 M 9.2%

Offer for Sales of 250.00 M existing shares representing 7.04% enlarged shares.

Public Issue of 750.00 M new shares representing 21.13% enlarged shares.

Median Sectors PE:
Median Peers PE:
HE Group Berhad

HE Group's principal activity is investment holding while the principal activities of its subsidiary is the provision of power distribution system, other building systems and works, hook-up and retrofitting of electrical equipment and trading.

Market: ACE
Principal Adviser: Alliance Islamic Bank Berhad
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: N/A
MITI allocation?: No
Number of Shares: 440.00 M
IPO Allocations No. of Shares %
Malaysian Public 22.00 M 5.0%
Eligible Directors and employees 11.0 M 2.5%
Private placement to selected investors and others 97.89 M 22.25%
Total Allocations 130.89 M 29.75%

Offer for Sales of 44.00 M existing shares representing 10.0% enlarged shares.

Public Issue of 86.89 M new shares representing 19.75% enlarged shares.

Median Peers PE:
Topmix Berhad

Market: ACE
Principal Adviser: M&A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: N/A
MITI allocation?: No
Number of Shares: 393.86 M
IPO Allocations No. of Shares %
Malaysian Public 19.69 M 5.0%
Eligible Directors and employees 7.877 M 2.0%
Private placement to selected investors and others 74.832 M 19.0%
Total Allocations 102.40 M 26.0%

Offer for Sales of 19.69 M existing shares representing 5.0% enlarged shares.

Public Issue of 82.71 M new shares representing 21.0% enlarged shares.

SBH Marine Holdings Berhad

SBH Holdings is principally involved in the processing and sale of frozen seafood products, merchant trading of frozen processed seafood products, aquaculture shrimp farming, and distribution and trading of aquaculture related products such as shrimp feed, post larvae, probiotics and test kits.

Market: ACE
Principal Adviser: KAF Investment Bank Berhad
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
MITI allocation?: Yes
Number of Shares: 888.00 M
IPO Allocations No. of Shares %
Malaysian Public 45.00 M 5.07%
Bumiputera shareholders approved by MITI 28.20 M 3.18%
Eligible Directors and employees 36.0 M 4.05%
Private placement to selected investors and others 120.8 M 13.6%
Total Allocations 230.00 M 25.9%

Offer for Sales of 50.00 M existing shares representing 5.63% enlarged shares.

Public Issue of 180.00 M new shares representing 20.27% enlarged shares.

Median Peers PE:
KTI Landmark Berhad

KTI Landmark and its subsidiaries are principally involved in the provision of design and build construction services and property development.

Market: ACE
Principal Adviser: M&A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: N/A
MITI allocation?: Yes
Number of Shares: 800.00 M
IPO Allocations No. of Shares %
Malaysian Public 40.00 M 5.0%
Bumiputera shareholders approved by MITI 100.00 M 12.5%
Eligible Directors and employees 40.0 M 5.0%
Private placement to selected investors and others 25.0 M 3.12%
Total Allocations 205.00 M 25.62%

Offer for Sales of 45.00 M existing shares representing 5.62% enlarged shares.

Public Issue of 160.00 M new shares representing 20.0% enlarged shares.

Median Sectors PE:
Median Peers PE:
Master Tec Group Berhad

MTG and its subsidiary are principally involved in the manufacturing and distribution of power cables, control and instrumentation cables, and other related products. They are also involved in the trading of power cables, fibre optic cables, and other related products.

Market: ACE
Principal Adviser: SJ Securities Sdn Bhd
Issuing House: Malaysian Issuing House (MIH)
Shariah Status: N/A
MITI allocation?: Yes
Number of Shares: 1,020.00 M
IPO Allocations No. of Shares %
Malaysian Public 51.00 M 5.0%
Bumiputera shareholders approved by MITI 127.50 M 12.5%
Eligible Directors and employees 2.144 M 0.21%
Private placement to selected investors and others 104.956 M 10.29%
Total Allocations 285.60 M 28.0%

Offer for Sales of 127.50 M existing shares representing 12.5% enlarged shares.

Public Issue of 285.60 M new shares representing 28.0% enlarged shares.

Median Peers PE:
KJTS Group Berhad

KJTS is principally an investment holding company. Through its subsidiaries, KJTS group is principally involved in providing building support services comprising cooling energy, cleaning and facilities management services.

Market: ACE
Principal Adviser: Hong Leong Investment Bank Berhad
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
MITI allocation?: No
iSaham IPO Score***:
Number of Shares: 688.00 M
IPO Allocations No. of Shares %
Malaysian Public 34.40 M 5.0%
Eligible Directors and employees 49.4 M 7.18%
Total Allocations 83.80 M 12.18%

Public Issue of 218.03 M new shares representing 31.69% enlarged shares.

Median Peers PE:
Sin-Kung Logistics Berhad

SKL and its subsidiaries are an integrated logistics service provider principally involved in the provision of trucking services with a focus on airport-to-airport road feeder services. Additionally, the Group also provides container haulage services, warehousing and distribution services and other logistics-related services to their customers.

Market: ACE
Principal Adviser: M & A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
MITI allocation?: Yes
iSaham IPO Score***:
Number of Shares: 1,200.00 M
IPO Allocations No. of Shares %
Malaysian Public 60.00 M 5.0%
Bumiputera shareholders approved by MITI 150.00 M 12.5%
Eligible Directors and employees 45.0 M 3.75%
Private placement to selected investors and others 103.5 M 8.62%
Total Allocations 358.50 M 29.88%

Offer for Sales of 103.50 M existing shares representing 8.62% enlarged shares.

Public Issue of 200.00 M new shares representing 16.67% enlarged shares.

Median Sectors PE:
Median Peers PE:
Kawan Renergy Berhad

Kawan is an investment holding company and through its subsidiaries, the Group is an engineering solutions provider, principally involved in the design, fabrication, installation and/or commissioning of industrial process equipment, process plants as well as renewable energy and co-generation plants.

Market: ACE
Principal Adviser: M & A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: Yes
MITI allocation?: Yes
iSaham IPO Score***:
Number of Shares: 550.00 M
IPO Allocations No. of Shares %
Malaysian Public 27.50 M 5.0%
Bumiputera shareholders approved by MITI 68.75 M 12.5%
Eligible Directors and employees 19.25 M 3.5%
Private placement to selected investors and others 29.0 M 5.27%
Total Allocations 144.50 M 26.27%

Offer for Sales of 34.50 M existing shares representing 6.27% enlarged shares.

Public Issue of 110.00 M new shares representing 20.0% enlarged shares.

Median Peers PE:
Smart Asia Chemical Bhd

Smart Asia is an investment holding company. Through its subsidiaries, Smart Asia Group principally involved in the development, manufacturing, distribution and sale of decorative paints and protective coatings for household and industrial applications. In addition, the Group also involved in the development, manufacturing, distribution and sale of related products, namely colourants, and binding and coating chemicals; sale and trading of painting tools and accessories, aerosol spray paints and other related products to complement its decorative paints and protective coatings offerings. Smart Asia Group also provide original design manufacturers services of decorative paints, protective coatings as well as binding and coating chemicals for third party brand owners.

Market: IPO on ACE
Principal Adviser: Mercury Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: N/A
MITI allocation?: Yes
Number of Shares: 369.85 M
IPO Allocations No. of Shares %
Malaysian Public 18.49 M 5.0%
Bumiputera shareholders approved by MITI 46.23 M 12.5%
Eligible Directors and employees 12.1 M 3.27%
Private placement to selected investors and others 16.676 M 4.51%
Total Allocations 93.50 M 25.28%

Public Issue of 93.50 M new shares representing 25.28% enlarged shares.

Median Sectors PE:
Median Peers PE:

Informations above is based on draft prospectus exposure

IPO Tier Calculator


Name Listing Price IPO Closing Date Issuing House
logo Evergreen Max Cash Capital Berhad 0.24 12-Sep-2023 Tricor Investor & Issuing House (TIIH)
logo SSF Home Group Berhad 0.25 27-Sep-2023 Tricor Investor & Issuing House (TIIH)
logo Minox International Group Berhad 0.25 03-Oct-2023 Tricor Investor & Issuing House (TIIH)


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IPO Sell Calculator

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This calculator uses Malacca Securities (M+) cash upfront rate (min RM 8 or 0.08%) for all brokerage fee calculation.
Based on iSaham IPO Score 5 and above.

Average Performance (SO): 85.11% (Accuracy: 97.67%)

Average Performance (SC): 81.77% (Accuracy: 95.35%)

Average Performance (H): 168.44% (Accuracy: 81.4%)

SO - Sell First Day Open

SC - Sell First Day Close

H - Hold Until Now

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Date Price Symbol Listing Date Listing Price (Adj.) Current Price Perf. (Sell 1st Day Open) Perf. (Sell 1st Day Close) Perf. (Hold until Now) iSaham IPO Score Market
2023-09-19 0.250 MERSEC [N/A] 19-Sep-2023 0.250 0.300 8.00% 20.00% 20.00% 3 ACE
2023-08-15 0.190 GLXT [N/A] 15-Aug-2023 0.190 0.205 242.11% 34.21% 7.89% 4 ACE
2023-08-01 0.210 KGW 01-Aug-2023 0.210 0.195 9.52% 9.52% -7.14% 2 ACE
2023-07-26 0.300 DAY3 26-Jul-2023 0.300 0.390 116.67% 108.33% 30.00% 5 ACE
2023-07-25 0.210 MBN 25-Jul-2023 0.210 0.215 33.33% 28.57% 2.38% 5 ACE
2023-07-20 0.810 MSTGOLF 20-Jul-2023 0.810 0.535 -3.09% -3.70% -33.95% 1 Main
2023-07-17 0.250 DCHCARE 17-Jul-2023 0.250 0.470 60.00% 80.00% 88.00% 3 ACE
2023-07-10 0.800 SKYWLD 10-Jul-2023 0.800 0.625 0.00% -7.50% -21.88% 3 MAIN
2023-06-07 0.240 EDELTEQ 07-Jun-2023 0.240 0.445 212.50% 204.17% 85.42% 5 ACE
2023-06-01 0.430 SYNERGY 01-Jun-2023 0.430 0.365 -11.63% -18.60% -15.12% 3 ACE
2023-05-31 0.500 RADIUM 31-May-2023 0.500 0.400 -30.00% -23.00% -20.00% 3 MAIN
2023-05-29 0.380 CLOUDPT 29-May-2023 0.380 0.610 97.37% 35.53% 60.53% 5 ACE
2023-05-19 0.700 DXN 19-May-2023 0.700 0.690 -1.43% -5.00% -1.43% 3 MAIN
2023-05-09 0.330 ADB 09-May-2023 0.330 0.625 230.30% 127.27% 89.39% 5 ACE
2023-03-15 0.630 OPPSTAR [NS] 15-Mar-2023 0.630 1.57 225.40% 285.71% 149.21% 6 ACE
2023-03-10 0.900 CEB [NS] 10-Mar-2023 0.900 1.18 57.78% 66.67% 31.11% 4 MAIN
2023-01-31 0.330 VLB 31-Jan-2023 0.330 0.355 15.15% 18.18% 7.58% 2 ACE
2023-01-18 0.340 TTVHB 18-Jan-2023 0.340 1.20 338.24% 276.47% 252.94% 5 ACE
2023-01-17 0.680 KITACON 17-Jan-2023 0.680 0.650 45.59% 10.29% -4.41% 5 MAIN
2023-01-16 0.230 WELLS 16-Jan-2023 0.230 0.660 43.48% 86.96% 186.96% 2 ACE
2023-01-12 0.380 NATGATE 12-Jan-2023 0.380 1.36 113.16% 163.16% 257.89% 4 ACE
2023-01-06 0.550 DSS 06-Jan-2023 0.550 0.445 47.27% 12.73% -19.09% 3 ACE
2023-01-03 0.300 L&PBHD 03-Jan-2023 0.300 0.460 40.00% 81.67% 53.33% 2 ACE
2022-12-13 1.07 ITMAX 13-Dec-2022 1.07 1.70 42.06% 28.97% 58.88% 4 MAIN
2022-11-30 0.230 LEFORM 30-Nov-2022 0.230 0.220 -15.22% -19.57% -4.35% 2 ACE
2022-11-25 0.400 INFOM 25-Nov-2022 0.400 1.60 50.00% 33.75% 300.00% 4 ACE
2022-11-23 0.170 ECA 23-Nov-2022 0.170 0.825 282.35% 344.12% 385.29% 6 ACE
2022-10-26 0.500 BETA 26-Oct-2022 0.500 0.465 23.00% 42.00% -7.00% 6 ACE
2022-10-17 0.290 SUNVIEW 17-Oct-2022 0.290 0.840 106.90% 58.62% 189.66% 6 ACE
2022-10-06 0.350 COSMOS 06-Oct-2022 0.350 0.405 45.71% 60.00% 15.71% 3 ACE
2022-09-27 0.360 PTRB 27-Sep-2022 0.360 0.525 2.78% 2.78% 45.83% 5 ACE
2022-09-20 1.13 AMEREIT 20-Sep-2022 1.13 1.29 0.00% 2.65% 14.16% 1 MAIN
2022-09-02 0.250 SNS 02-Sep-2022 0.250 0.260 0.00% 6.00% 4.00% 4 ACE
2022-08-18 0.260 AGMO 18-Aug-2022 0.260 0.605 198.08% 201.92% 132.69% 6 ACE
2022-08-05 0.260 UNIQUE 05-Aug-2022 0.260 0.225 -19.23% -13.46% -13.46% 2 ACE
2022-07-26 0.320 UMC 26-Jul-2022 0.320 0.750 56.25% 37.50% 134.38% 4 ACE
2022-07-18 0.300 EIB 18-Jul-2022 0.300 0.420 -8.33% -13.33% 40.00% 2 ACE
2022-07-13 0.320 INFOTEC [NS] 13-Jul-2022 0.320 0.775 3.13% -4.69% 142.19% 6 ACE
2022-07-07 0.750 SENFONG 07-Jul-2022 0.750 0.735 0.00% -10.00% -2.00% 1 MAIN
2022-07-05 0.310 ORGABIO 05-Jul-2022 0.310 0.235 16.13% 9.68% -24.19% 6 ACE
2022-06-23 0.280 YXPM 23-Jun-2022 0.280 0.275 0.00% -3.57% -1.79% 2 ACE
2022-06-20 0.300 SFPTECH 20-Jun-2022 0.300
(0.100)
1.01 100.00% 123.33% 910.00% 6 ACE
2022-06-14 0.320 UNITRAD [NS] 14-Jun-2022 0.320 0.280 -17.19% -6.25% -12.50% 1 ACE
2022-06-08 0.500 LGMS 08-Jun-2022 0.500 1.08 20.00% 69.00% 116.00% 6 ACE
2022-06-07 0.280 YEWLEE 07-Jun-2022 0.280
(0.250)
0.355 1.79% 3.57% 42.00% 4 ACE
2022-05-24 0.580 CNERGEN 24-May-2022 0.580 0.640 4.31% 0.00% 10.34% 4 ACE
2022-04-28 0.210 MNHLDG 28-Apr-2022 0.210 0.330 23.81% 11.90% 57.14% 5 ACE
2022-04-18 0.330 CENGILD 18-Apr-2022 0.330 0.385 50.00% 40.91% 16.67% 5 ACE
2022-04-01 0.300 PPJACK [NS] 01-Apr-2022 0.300 0.985 30.00% 31.67% 228.33% 3 ACE
2022-03-22 1.35 FFB 22-Mar-2022 1.35 1.21 25.93% 27.41% -10.37% 4 MAIN
2022-02-28 0.300 SIAB 28-Feb-2022 0.300 0.125 3.33% 3.33% -58.33% 4 ACE
2022-01-25 1.07 SENHENG 25-Jan-2022 1.07 0.335 -15.89% -20.09% -68.69% 1 MAIN
2022-01-20 0.280 CORAZA 20-Jan-2022 0.280 0.635 150.00% 130.36% 126.79% 6 ACE
2021-12-21 1.03 SWIFT 21-Dec-2021 1.03 0.520 4.85% -6.80% -49.51% 3 MAIN
2021-12-16 1.36 ATECH 16-Dec-2021 1.36 2.61 3.68% 25.00% 91.91% 5 MAIN
2021-11-08 0.330 ECOMATE 08-Nov-2021 0.330 0.715 106.06% 46.97% 116.67% 4 ACE
2021-09-29 0.480 CEKD 29-Sep-2021 0.480 0.470 25.00% 13.54% -2.08% 4 ACE
2021-07-21 0.680 HAILY 21-Jul-2021 0.680 0.415 16.18% 8.82% -38.97% 4 ACE
2021-07-19 1.10 CTOS 19-Jul-2021 1.10 1.42 36.36% 47.27% 29.09% 4 MAIN
2021-07-15 0.950 YENHER [NS] 15-Jul-2021 0.950 0.855 4.74% -5.26% -10.00% 5 MAIN
2021-07-13 0.450 RAMSSOL 13-Jul-2021 0.450
(0.455)
0.480 55.56% 13.33% 5.49% 6 ACE
2021-06-29 0.280 NESTCON 29-Jun-2021 0.280 0.365 7.14% 14.29% 30.36% 4 ACE
2021-06-23 0.320 PEKAT 23-Jun-2021 0.320 0.490 165.62% 154.69% 53.12% 6 ACE
2021-05-19 0.700 TJSETIA 19-May-2021 0.700 0.235 12.14% 5.71% -66.43% 4 MAIN
2021-04-06 0.350 VOLCANO 6-Apr-2021 0.350 0.895 100.00% 38.57% 155.71% 3 ACE
2021-03-30 0.200 FLEXI 30-Mar-2021 0.200 0.150 245.00% 115.00% -25.00% 2 ACE
2021-03-16 0.480 TELADAN 16-Mar-2021 0.480
(0.455)
1.06 25.00% 18.75% 132.97% 5 ACE
2021-02-23 0.230 MOBILIA 23-Feb-2021 0.230
(0.130)
0.165 182.61% 141.30% 26.92% 5 ACE
2021-01-20 0.360 HPPHB 20-Jan-2021 0.360 0.445 58.33% 97.22% 23.61% 2 ACE
2020-10-27 0.280 EFRAME 27-Oct-2020 0.280
(0.225)
0.900 23.21% 32.14% 300.00% 3 ACE
2020-10-26 1.60 MRDIY 26-Oct-2020 1.60
(1.07)
1.51 0.00% 9.37% 41.12% 0 MAIN
2020-10-20 0.330 ANEKA 20-Oct-2020 0.330 0.175 6.06% -12.12% -46.97% 3 ACE
2020-10-16 0.340 SCGBHD 16-Oct-2020 0.340 0.335 -1.47% -2.94% -1.47% 4 ACE
2020-10-15 0.480 SAMAIDEN 15-Oct-2020 0.480
(0.265)
1.24 108.33% 67.71% 367.92% 5 ACE
2020-08-18 0.300 OPTIMAX 18-Aug-2020 0.300
(0.150)
0.680 136.67% 126.67% 353.33% 5 ACE
2020-07-23 0.230 TCS 23-Jul-2020 0.230
(0.195)
0.200 154.35% 95.65% 2.56% 5 ACE
2020-07-22 0.260 OVH 22-Jul-2020 0.260 0.215 65.38% 103.85% -17.31% 3 ACE
2020-07-15 0.410 RL 15-Jul-2020 0.410
(0.395)
0.320 58.54% 25.61% -18.99% 3 ACE
2020-03-18 0.280 ACO 18-Mar-2020 0.280 0.210 -28.57% -42.86% -25.00% 3 ACE
2020-02-20 0.640 INNATURE 20-Feb-2020 0.640
(0.620)
0.445 12.50% 2.34% -28.23% 2 MAIN
2020-01-22 0.250 PWRWELL 22-Jan-2020 0.250 0.255 2.00% 14.00% 2.00% 4 ACE
2019-11-26 0.350 SLVEST 26-Nov-2019 0.350
(0.205)
1.32 71.43% 115.71% 543.90% 5 ACE
2019-11-08 0.250 SPRING 8-Nov-2019 0.250
(0.225)
0.160 0.00% 0.00% -28.89% 2 ACE
2019-10-14 1.30 AME 14-Oct-2019 1.30
(0.865)
1.50 -1.54% 19.23% 73.41% 3 MAIN
2019-10-07 0.230 SDS 7-Oct-2019 0.230 0.600 13.04% 10.87% 160.87% 4 ACE
2019-09-25 0.530 MTAG 25-Sep-2019 0.530 0.435 32.08% -16.98% -17.92% 3 ACE
2019-08-01 0.580 TASHIN 1-Aug-2019 0.580 0.390 0.00% -16.38% -32.76% 3 ACE
2019-07-17 0.160 AIMFLEX 17-Jul-2019 0.160 0.225 56.25% 53.12% 40.62% 5 ACE
2019-07-10 0.820 UWC 10-Jul-2019 0.820
(0.275)
3.75 34.15% 70.73% 1263.64% 5 MAIN
2019-07-08 0.430 KHJB 8-Jul-2019 0.430 0.180 -9.30% -18.60% -58.14% 1 ACE
2019-06-18 0.160 MESTRON 18-Jun-2019 0.160
(0.145)
0.525 25.00% 3.13% 262.07% 3 ACE
2019-06-13 0.610 GREATEC 13-Jun-2019 0.610
(0.305)
4.42 4.92% 21.31% 1349.18% 5 ACE
2019-06-12 0.560 HPMT 12-Jun-2019 0.560 0.380 3.57% -10.71% -32.14% 3 MAIN
2019-05-16 1.10 LHI [NS] 16-May-2019 1.10 0.530 1.82% 0.00% -51.82% 2 MAIN
2019-01-08 0.300 NADIBHD 8-Jan-2019 0.300 0.305 30.00% 1.67% 1.67% 4 ACE
2019-01-07 0.250 DPIH [NS] 7-Jan-2019 0.250
(0.165)
0.205 38.00% 8.00% 24.24% 3 ACE

Additional Statistics:

Average Performance for All (SO): % (Accuracy: %)

Average Performance for Score>2 (SO): % (Accuracy: %)

Average Performance for Score>4 (SO): % (Accuracy: %)

Average Performance for All (SC): % (Accuracy: %)

Average Performance for Score>2 (SC): % (Accuracy: %)

Average Performance for Score>4 (SC): % (Accuracy: %)

Average Performance for All (H): % (Accuracy: %)

Average Performance for Score>2 (H): % (Accuracy: %)

Average Performance for Score>4 (H): % (Accuracy: %)

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