@stevenckheng are you kidding me? the forum you are commenting here can get the information already don't even need to google. Just click overview>ipo info. But I save your hassle, telling you the ipo price is 0.48
not even close to RAMSSOL.................... die cast too many competitor and CEKD doesn't even have long term contract with buyers.........................
High margin will attracts competitor finally adjusted to small margin...................... that one thing........... another thing is the long term contract is none for a company that has been in the business for quite sometime is something for you to think about......................
Since they can sustain in this business for 32years with high profit margin, I believe they must have some special technical skills which are hard to be replicated by their competitors.
@Bgt 9963 I don't think there is a chance of getting below IPO. Because if you understand the structure of their IPO 95% of shares is own by company, staff, private placing and instituition. Only 5 % for retailers. So i believe these 95% of people won't me so easy sell below iPO price. Basically is just the 5% retailers selling to each other. But in other words, it is easier for the company to boost up the price or pump up if all the insituition players want to do it. So in my honest opinion, those who own can keep for 1~2 quarter and monitor their growth of the company. if really there is no growth only sell also ok. if there is growth, this stock confirm is a hidden gem.
U are not paying a high premium over the ipo price so at this price, it's ok. I regretted for not buying ramssol on the first day of listing when price was below 70¢. Look at the price now. Above 90¢
Oversubscribed because subscribers know they can make quick 20% on the first day listing............................ Market overall still bad............. and only IPO can give confirmed win 20%...................
If the market is good, IPO with this price level and this kind of high profit margin company should already shot up ard 100% during opening. This bad market sentiment provide us opportunity to accumulate after IPO. .
Ard 85% of it's market is local whereas the rest is focus on South East Asia. The impact of lockdown is temporary. See the price trend of Nestcon, even though the lastest qtr profit drop due to lockdown, the price is still in uptrend.
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....
Bgt 9963
7,445 posts
Posted by Bgt 9963 > 2021-09-29 08:41 | Report Abuse
Today red....!