IPO Price: RM0.16 Good time: RM0.175 (PE19) Bad time: RM0.095 (PE13)
My advice is don't chase. Only bid with your fair value..0.8 is too high
Good thing is: 1. ROE19.5 is healthy. 2. Revenue is growing over 4 years. 3. Net profit margin is over 15% 4. The industry of their business is growing with CAGR 34.99% since 2015. 5. Competitor able to trade with higher PE.
The bad things: 1. No fixed Dividend policy 2. Listing in Ace market. 3. Director fees is over 3% from gross profit. 4. Use 34.5% IPO fund to pay debt. 5. Expensive then country average PE16.5, the company is PE17.39 (in prospecture book is PE13.91, using ESP 0.0115 which is before add in additional enlargement shares is not acceptable).
Who Cares about Valuation haaa....here BURSA the CASH COWWWW $$$$$$ Ride the IPO MANIA ! Sentiment is more important / critical JOLLY RIDE the IPO.......I STONE still the IPO CHAMPION ( based on % )
Hello Mabel Good to see you at IStone I remember seeing you at Greatec. Istone - automation maker , later this afternoon will sure fly Flush out all the contra players - Istone,
Develop expertise in Specialized Automation Machine for Test and Measurement that will identify i-STone as the expert in Test and Measurement, Automation, global deployment and support. Works towards strategic relationships with customers by providing value-adds to customers. Assists customers in shortening time to market and cost reduction. - ISTONE
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....
northeasttrend
99 posts
Posted by northeasttrend > 2019-07-17 08:57 | Report Abuse
DRwarrant, 3mil units queue is you ar? haha