After a long hiatus, I’ve decided to dust off my old blog and share some thoughts. Today, let’s dive into Sik Cheong’s initial public offering (IPO). Is it worth subscribing to? Well, even though the subscription deadline has passed (as of yesterday), it’s still an interesting topic to explore.

Now, let’s address the elephant in the room: Do all IPOs lead to hefty profits? Not necessarily. While some skyrocket, others stumble. Let’s peek at a couple of recent examples:

Kucingko: Their subscription price was RM0.30 per share, but on the first day of listing (July 26, 2024), it shot up to RM0.84. Exciting, right? But then it settled down to RM0.48 by July 31. Market dynamics, my friend. Those big-shot market makers play a role, and us regular investors can’t always keep up. Kucingko’s tech-related business attracted the mom-and-pop crowd, driving the initial surge.

Skyworld: Different story here. With an IPO price of RM0.80, it didn’t dazzle on listing day (July 10, 2024). Instead, it dipped to RM0.50–RM0.55 by early October. Property firms don’t always set hearts racing. Why rush to subscribe when you might snag a better deal later?

Now, Sik Cheong. It’s in the same league as Kim Teck Cheong Consolidated—both deal with distribution and hold exclusive licenses in East Malaysia. But let’s be real: Malaysia isn’t a giant market. It’s cozy, like a neighborhood grocery store. The rest? Not worth a second glance.

My strategy? If I’d successfully subscribed to Sik Cheong’s IPO, I’d sell on day one of listing. Grab that profit and vanish into the sunset. No lingering attachments. 

Got a different take? Shoot me an email at neeconeeco123@gmail.com. Let’s chat!