KLSE (MYR): AZAMJAYA (5329)
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Last Price
1.03
Today's Change
-0.08 (7.21%)
Day's Change
1.02 - 1.13
Trading Volume
11,392,200
Main market-bound Azam Jaya to raise RM61.5m from IPO
Myia S Nair/theedgemalaysia.com
18 Oct 2024, 01:00 pm
https://theedgemalaysia.com/node/730683
1 month ago
We assign a fair value of RM1.47 per share, representing an upside of 88.5% against to the IPO price of RM0.78. This valuation is based on a P/E ratio of 18x, applied to the FY25f EPS of 8.14 sen. Although the ascribed P/E is below the Construction & Engineering sector's peer average forward P/E of 19.2x and average historical P/E of 24.0x, we believe it is justified given AZAMJAYA's smaller market capitalisation of RM390.0m.
RM 1.47 by Malacca Securities---- Huat Chaiii💪👍
4 weeks ago
TA Securities ascribes RM1.54 fair value to Main Market-bound construction firm Azam Jaya
Yu Jien Lim/theedgemalaysia.com
23 Oct 2024, 02:51 pm
https://theedgemalaysia.com/node/731243
4 weeks ago
Now then, y'all friends and comrades in wealth building. How about we do a bit of history, linguistics and etymology.
"Azam" is a word of Arabic origin meaning "greatest". While "jaya" is a word of ultimately Sanskrit origin meaning "victorious". But both words have been borrowed into Malay and have by now become more or less entrenched in Malay.
So, "Azam Jaya" in Malay would then essentially mean "Greatly Victorious", or "Greatest Victory", or something similar along that line.
So, yep, of course it is a gloriously auspicious name. But nevertheless, it is your money, therefore it is your call. Good luck, folks.
4 weeks ago
Bright prospects ahead for Azam Jaya as IPO nears
Corporate News
Thursday, 24 Oct 2024
https://www.thestar.com.my/business/business-news/2024/10/24/bright-prospects-ahead-for-azam-jaya-as-ipo-nears
4 weeks ago
strange that there is no news on whether the shares over-subscribed or under-subscribed.
3 weeks ago
Main Market-bound Azam Jaya IPO oversubscribed by 23 times
Monday, 28 Oct 20247:35 PM MYT
https://www.thestar.com.my/business/business-news/2024/10/28/main-market-bound-azam-jaya-ipo-oversubscribed-by-23-times
3 weeks ago
wish good luck to those who got the IPO.
I myself got scared based on last IPO. So, decided to watch from the sideline and waiting for any panic selling 😆
2 weeks ago
Alakazam ! sigh..... kena 500 sure buy more.... who sell with such small lots. they have effectively created more demand on day 1
2 weeks ago
Construction firm Azam Jaya posts RM4.65 mil profit in 2Q ahead of listing
Luqman Amin/theedgemalaysia.com
07 Nov 2024, 07:20 pm
https://search.app?link=https%3A%2F%2Ftheedgemalaysia.com%2Fnode%2F733131&utm_campaign=aga&utm_source=agsadl1%2Csh%2Fx%2Fgs%2Fm2%2F4
2 weeks ago
Why did AJ release a Q2 2024 results which already present in the prospectus? It should be releasing Q3 2024 results which ended in Sept 2024.
1 week ago
Azamjawa 1.04
Wait till early next week then consider.ong mari,ong mari.88 cents the support.
11/11/24 11.33am
1 week ago
it’s H1 cy 24 pat margins dropped from cy23 of 9.2% to 5.3% . in 2021 14.7% , 10.6% 2022 . can they achieve 10% again in cy 25 & with sales projection to increase by 73% ???
1 week ago
lower % pat is expected due to increase cost of material but with increase in revenue, this already described in prospectus i think
1 week ago
2024-11-12
Blog
Azam Jaya Eyes Growth Beyond Home Base, Names Sarawak and Kalimantan as Potential Markets
1 week ago
@theshoot that is too high.
TA Securities Target Price = RM1.54
Rakuten Target Price = RM1.56
I think these are realistic than aim too high.
1 week ago
DreamKaiser
Aah ha. Another interesting🤔 looking one for the Kaiser to flag off. Great stuff, man.
1 month ago