Posted by sweetylemon > 2024-07-02 11:14 | Report Abuse

I think no matter what, investors will rush and buy this stock like crazy for the first 3 days. I've seen this trend pretty much on all IPOs this year. Sime prop costs RM 1.44/share today. This shares only cost half of that. considered as very cheap counter for most investors.

Posted by goody99 > 2024-07-02 11:27 | Report Abuse

stevenckheng, keep trying, you will be able to subscribe to IPO one day. I managed to get 2 IPO last year. So far only 1 IPO this year

Posted by goody99 > 2024-07-02 11:46 | Report Abuse

we may not even get it at 60 sen.... sien

Posted by speakup > 2024-07-02 12:55 | Report Abuse

Welcome to Casino De Bursa. Bet small, win small. Bet Big, win Big

Posted by Farretwild > 2024-07-02 13:49 | Report Abuse

so deep right now hoseh

Posted by cK1973 > 2024-07-02 14:03 | Report Abuse

24 to 64.....
very good profit margin ......

Posted by Goldberg > 2024-07-02 14:26 | Report Abuse

UUE Holdings Bhd - Underground Utility Expert – Wired To Success


Established near to 15 years, UUE engaged in the underground utilities engineering industry, specialising in Horizontal Directional Drilling (HDD) method, with the presence in Malaysia and Singapore within the electricity and telco segments.

UUE’s topline is projected to grow at 5%-24% to RM109.9.0-127.0m for FY24-26f, while the core earnings are projected to increase by 5.8%-14.9% to RM16.2-18.5m for FY24-26f, respectively, underpinned by its expansion plans to Singapore and East Coast of Peninsular Malaysia, and its order book of RM223.4m, which will be reflected in the next 3 years.

Posted by Goldberg > 2024-07-02 14:30 | Report Abuse

Strengths

UUE is a one-stop solution centre that provides clients with comprehensive utilities engineering services that include project planning and management, utility detection and mapping, and horizontal directional drilling (HDD) technical expertise. Its capability to offer end-to-end solutions can reduce costs and streamline processes, thereby ensuring timely project completion.

The group’s high-density polyethylene (HDPE) manufacturing arm also complements its utilities engineering jobs, which may enhance margins. Moreover, its manufacturing arm is registered with Tenaga Nasional as an approved supplier for TNB’s projects.

Rising demand for utilities engineering services. Malaysia’s capex for recurring electricity generation, transmission, and distribution had a CAGR of 9.8% (2016–2023), which points to the growing demand for utility infrastructure. Higher demand for connectivity services in line with National Digital Network (JENDELA) initiatives may also spur investments in utility infrastructure. To capitalise on these prospects, UUE has allocated MYR15.8m (52.6%) of IPO proceeds to purchase new machinery and equipment.


UUE’s outstanding orderbook stood at MYR223.4m (end-April) should keep it busy for the next 2-3 years. Electricity supply-related works make up the lion’s share (81%), while the remaining 19% is from telecommunications-related jobs. TNB has forecasted an annual capex of MYR10-20bn up to 2050. We view this positively, as management has guided that >50% of the projects are TNBrelated, potentially facilitating UUE’s orderbook replenishment.
.
Venturing into subsea HDD. The extension of services into subsea HDD following the planned acquisition of a Maxi rig HDD machine (MYR7m) enables the group to offer more comprehensive service packages. Such diversification should enable UUE to win higher-value projects (with better margins amidst higher specialisation) and attract a broader range of clients, such as those in the water and O&G industries.

Posted by speakup > 2024-07-02 15:34 | Report Abuse

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Posted by speakup > 2024-07-02 15:43 | Report Abuse

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Posted by hauchong > 2024-07-02 15:47 | Report Abuse

No way to enter now, wait 1 month for market cool down and go down

Posted by BE_GREEEEEDY > 2024-07-02 16:19 | Report Abuse

COMINGGGGGG...
70 anytime
RM 1 CLOSINGG ,?....
Pity Sour grapes / Crying Baby

Posted by troy88 > 2024-07-02 16:41 | Report Abuse

wow, what a market debut!

Posted by raymondroy > 2024-07-02 16:49 | Report Abuse

yes what an impressive performance..... IPO oversubscribed 100x plus.... with lots of upside business model, even targeting singapore next.... subsea 5G cabbling and all..... stuff of movies :-) hahaha happy hunting

Posted by Lee Ying Yee > 2024-07-02 17:34 | Report Abuse

good future ? tomorrow will bonus issues ????

Posted by raymondroy > 2024-07-02 18:32 | Report Abuse

Apex house said UUE is priced at a trailing price-earnings (P/E) of 10.3 times annualised earnings per share (EPS) for the financial year ended Feb 28, 2023 (FY2023), and assigned a target P/E of nine times FY2025 EPS.
The assigned valuation takes into account of several factors:
i) UUE's involvement in manufacturing high-density polyethylene pipes that complements its core business;
ii) its established presence in Singapore, which enjoys better margins; and
iii) low downturn risks, as horizontal directional drilling technology can be applied to other industries, such as higher power transmission (132kV, 275kV, and 500kV), water, sewerage, and piped gas.

Wow..... if the IPO pricing was made at 9x 2025 PER, then at current price of RM0.695 thats 26x PER ..... LOL

Posted by BE_GREEEEEDY > 2024-07-02 19:16 | Report Abuse

sour grape now are crying babys
during this IPO MANIACS $$$$$

Posted by HugoUPUPUP > 2024-07-02 20:45 | Report Abuse

@Speakup
I like Casino De Bursa~

Posted by speakup > 2024-07-02 21:38 | Report Abuse

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Posted by speakup > 2024-07-02 21:40 | Report Abuse

Casino De Bursa is PAS approved Casino

Posted by Lee Ying Yee > 2024-07-02 22:31 | Report Abuse

haha , today's player can control this company ?? next target $4 ????

Posted by Lee Ying Yee > 2024-07-02 22:35 | Report Abuse

in malaysia market nta95c company can bonus issues 1 to 15 ?? m boleh

Posted by HugoUPUPUP > 2024-07-02 23:38 | Report Abuse

tak haram?

Posted by Goldberg > 2024-07-02 23:42 | Report Abuse

Three research houses — Apex Securities Bhd, Mercury Securities Bhd and TA Securities Holdings Bhd — have all urged investors to participate in UUE’s IPO, citing the company attractive valuations and promising growth prospects, as it rides on rapid growth in the utility industry from the electricity and telecommunication sectors.

Commenting on the company's strong debut at a press conference following the listing ceremony, UUE managing director Datuk Dr Kenny Ting Kok Hwa said the group is "truly honoured by investors’ confidence and trust in our business model. We will work hard to deliver our growth strategy and deliver back to our shareholders,” he said.

73.3% of its paid up are under moratorium. UUE’s issued share capital stood at 608.29 million shares. The company offered 162.37 million shares for its listing exercise. Today's volume transacted is 212.32 million shares.

Investors are bullish on UUE's growth prospects and earnings.

Posted by Zachzach > 2024-07-03 12:28 | Report Abuse

still can buy ahh ?

Posted by speakup > 2024-07-03 12:38 | Report Abuse

Can buy can buy anything in Casino De Bursa

Posted by icecool > 2024-07-03 13:37 | Report Abuse

bursa now bull run just buy anything you like sure profit

Posted by Apple2353 > 2024-07-03 14:13 | Report Abuse

becareful.. exit before the bull run reverse

Posted by EatGreen40 > 2024-07-03 15:53 | Report Abuse

tahniah uue hodler!

Posted by Lee Ying Yee > 2024-07-04 10:26 | Report Abuse

apply new share is become you main job ???

Posted by speakup > 2024-07-05 07:58 | Report Abuse

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Posted by Cipta > 2024-07-05 15:27 | Report Abuse

Southern Cable has secured a new order from TNB, indicating that TNB may issue more orders shortly. UUE is likely to benefit from this development.

Posted by Goldberg > 2024-07-05 16:28 | Report Abuse

Newly Listed UUE Holdings on Active Lookout for Electricity Projects in Singapore

Author: edgeinvest

Engineering firm UUE Holdings Bhd (KL:UUE), which surged 175% in its trading debut on Tuesday, has set its sights to actively pursue tenders for electricity projects in Singapore, said its independent non-executive chairman Lee Chye Tee.

The profit margin derived from projects in Singapore must be fantastic.

UUE's reputation must be good- as they have established a strong foothold in Singapore.

Posted by mf > 2024-07-09 11:06 | Report Abuse

take profit

Posted by dxbman > 2024-07-09 12:47 | Report Abuse

STRONG BUY

Posted by Lee Ying Yee > 2024-07-09 14:16 | Report Abuse

PE very low ??

Posted by Greenbull88 > 2024-07-09 15:10 | Report Abuse

UUE = MTEC 2.0

Posted by icecool > 2024-07-09 16:04 | Report Abuse

rm 1 coming soon

Posted by BryanW > 2024-07-09 16:05 | Report Abuse

MTEC x KENERGY x UUE

Posted by Thealanor > 2024-07-09 17:03 | Report Abuse

0.90 then 1.00

Posted by Lee Ying Yee > 2024-07-10 08:44 | Report Abuse

QR +1.2m capital 608m why is PE ????

Posted by Keqing Tan > 2024-07-10 09:22 | Report Abuse

will UUE follow like MTEC ?

Posted by Greenbull88 > 2024-07-10 10:45 | Report Abuse

Lee Ying Yee
"QR +1.2m capital 608m why is PE ????"


Please read the quarter report carefully, QR +1.2m due to one off -5 mil for the listing expenses, if not the QR will be +6.2m

Posted by Goldberg > 2024-07-10 11:39 | Report Abuse

UUE venturing into lhigh margin subsea HDD.

The extension of services into subsea HDD following the planned acquisition of a Maxi rig HDD machine (MYR7m) enables the group to offer more comprehensive service packages. Such diversification should enable UUE to win higher-value projects (with better margins amidst higher specialisation) and attract a broader range of clients, such as those in the water and O&G industries.

Posted by FrankieGoesToHollywd > 2024-07-10 14:40 | Report Abuse

1.010. Soon.

Posted by mf > 2024-07-11 11:53 | Report Abuse

take profit

Posted by Moondate > 2024-07-11 15:07 | Report Abuse

1st TP 0.915
2nd TP 0.99
3rd TP 1.14

Posted by Goldberg > 2024-07-11 21:50 | Report Abuse

UUE has superior margins than peers.

Excluding listing expenses, UUE’s recent PAT margins are trending around 15-16%, which is far superior to listed peers such as MN Holdings (6-7%) and Jati Tinggi Group (3-4%).

This is mainly due to two key differentiating factors, which are:

1) UUE mainly specialises and focuses on the trenchless HDD method, which offers better margins.

2) The group has its own HDPE pipe manufacturing, which complements its main business.

Posted by Lee Ying Yee > 2024-07-12 06:12 | Report Abuse

become billionaire very easy ?? 1c company now 40c , 7c now 80c ,13c now 90c.... only listing ????

Posted by paktua73 > 2024-07-12 10:04 |

Post removed.Why?