Daythree is an investment holding company. Through its subsidiaries, the group is a global business services provider focusing on customer experience lifecycle management services enabled by digital solutions.
Market: ACE Principal Adviser: M&A Securities Sdn Bhd Issuing House: Tricor Investor & Issuing House (TIIH) Shariah Status: SC (Yes)
Listing Price: 0.300 Market Cap: 144.00 M Number of Shares: 480.00 M
Opening of application: 21 Jun 2023 Closing of application: 11 Jul 2023 Balloting of application: 14 Jul 2023 Allotment of IPO shares to successful applicants: 24 Jul 2023 Tentative listing date: 26 Jul 2023
The following are details of our major Clients whose names have been redacted for confidentiality throughout this Prospectus: “Client A” : A company based in Malaysia which is principally provides television services. It is a subsidiary of a company listed on the Main Market of Bursa Securities with companies primarily engaged in the provision of television services and other related activities. We are unable to disclose the identity of Client A by virtue of agreement(s) executed with Client A. “Client B” : A company based in Malaysia which principally involved in the provision of home shopping business and is a related company of Client A. We are unable to disclose the identity of Client B by virtue of agreement(s) executed with Client B.
1.DAY3 is scheduled for listing on 26th July. Its IPO has created huge interest and received overwhelming response and has an over subscription of 129.2 times.
2. The company has a public issue of 110m new shares and offer for sale by major shareholders of 12m shares at 30 sen.
3.The listing exercise will raise proceed of Rm36.6m of which Rm33m will go back to the company and RM3.6m will go to the pocket of the major shareholders.
4. The company earned 6.2m in profit and has an enlarged share capital of 480m shares. The EPS is 1.3 sen and with initial public offering price of 30 sen it is therefore selling at a high PE multiple of 23x Upon listing Day3 will have a market capital of 144m.
5. What will happen on listing day. Will DAY3 collapse spectacularly like RADIUM on debut and never recover or close disappointingly in the red like SKYWORLD ?
6. Considering that the bursa PE is 12.5x and Day3 selling at 30 sen with PE23x is therefore comparatively overvalued. Day3 is not generating sufficient profit to merit its high valuation. Going forward it has to work hard and announce great profit to compress its PE multiple to sustain its current price
7.This is only simple and naive theory of fundamental analysis and share valuation. However,for a small company with 480m enlarged share capital and only 25% or 122m shares are in circulation upon listing ,some opportunistic market players could easily seize the chance and take advantage of the small quantity of floating shares and the economic theory of demand and supply of shares in market circulation to control, manipulate and even dictate the market price.
8. Should Day3 be a targeted company, than its opening price will be sky high. It will be actively traded with volume and price volatility. If you have risk appetite, love excitement and enjoy the adventure of a roller coaster ride then, plan it properly and time it correctly you could be joyfully laughing to the bank.
9. The game could last for 6 months until the moratorium of founders' shares is lifted. Day3 could mirror PTRB and burn a hole in your pocket.
10. Let's be forewarned and trade cautiously. 25/7/23
Before you have invested into this company, please refer to past years performance track records of Scicom, OVH and Ramssol, the nature of their business models were quite identical..
Market uncertainty due to unstable politics right now is hard to make assumptions that D3 will skyrocketed or sink. Good company like Radium & MST also collapsed
most of IPO will trap those chase high. Just to name it, Oppstar, Dss, and a lot other. This day3 Fair value 0.38 Nobody force you to enter at high. Your choice, your money, your loss :)
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....
kutipkutip
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Posted by kutipkutip > 2023-06-22 08:01 | Report Abuse
Daythree is an investment holding company. Through its subsidiaries, the group is a global business services provider focusing on customer experience lifecycle management services enabled by digital solutions.
Market: ACE
Principal Adviser: M&A Securities Sdn Bhd
Issuing House: Tricor Investor & Issuing House (TIIH)
Shariah Status: SC (Yes)
Listing Price: 0.300
Market Cap: 144.00 M
Number of Shares: 480.00 M
Opening of application: 21 Jun 2023
Closing of application: 11 Jul 2023
Balloting of application: 14 Jul 2023
Allotment of IPO shares to successful applicants: 24 Jul 2023
Tentative listing date: 26 Jul 2023