Posted by Keqing Tan > 3 days ago | Report Abuse

3rd pawnshop business hmmm.... seems too expensive?

Posted by BE_GREEEEEDY > 2 days ago | Report Abuse

under value....potential hitting RM 2
Revenue continus to grow over past ,4 years & high % PAT every year....!
huatt chaii ,$$$
High gold price almost USD 2400

Posted by BE_GREEEEEDY > 1 day ago | Report Abuse

SHOULD BE RM 2.00 IPO.....WHY ?...💪

with its IPO price at RM1.15 per share, the counter has a price-earnings (P/E) multiple of 19.54 times, based on earnings per share (EPS) of 5.89 sen or net profit of RM35.32 million for the financial year ended on Dec 31, 2023 (FY2023).

For comparison, industry peer Pappajack Bhd (KL:PPJACK) is trading at a P/E multiple of 35.4 times, based on EPS of 2.80 sen for FY2023. Meanwhile, Evergreen Max Cash Capital Bhd (KL:EMCC) is trading at a P/E multiple of 25.2 times, based on EPS of 1.71 sen for FY2023.

Well Chip intends to recommend and distribute dividends of at least 35% of its consolidated profit after tax attributed to its shareholders for the first three financial years after its listing.