SMART ASIA CHEMICAL BHD
KLSE (MYR): SMART (0306)
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Last Price
0.305
Today's Change
-0.01 (3.17%)
Day's Change
0.30 - 0.315
Trading Volume
738,200
IPO Info
Offer Period
Opening
2024-05-02
Closing
2024-05-13
Time Table
Allotment Date
2024-05-24
Listing Date
2024-05-28
Price
Issue Price
-
Units
369,850,420
Share Capital
92,670,084.000
No of Shares
Public Issue
-
Offer for Sale
-
Private Placement
-
Issuing House
-
ISIN Code
MYQ0306OO009
Prospectus:
INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUE SHARE CAPITAL OF SMART ASIA CHEMICAL BHD (SMART ASIA OR COMPANY) ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) COMPRISING PUBLIC ISSUE OF 93,500,000 NEW ORDINARY SHARES IN OUR COMPANY (SHARES) IN THE FOLLOWING MANNER: (I) 18,492,600 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (II) 12,100,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES AS WELL AS PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF SMART ASIA AND ITS SUBSIDIARIES; (III) 46,231,400 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY OF MALAYSIA; AND (IV) 16,676,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN ISSUE PRICE OF RM0.40 PER SHARE, PAYABLE IN FULL UPON APPLICATION.
Smart Asia Chemical Bhd - Part 1.pdf
Smart Asia Chemical Bhd - Part 2.pdf
Detailed Procedures for E-IPO Share Application and Acceptance.pdf
Discussions
Be the first to like this. Showing 50 of 56 comments
*HLIB Retail Research – Bullish Tracker 11 June*
*SMART (0306)-ACE market, Industrial products & services- Building materials*
*A locally established manufacturer of decorative paints and protective coatings* Listed on 28 May 2024, Smart Asia Chemical Bhd (SMART-IPO RM0.40) develops, manufactures, distributes, and sells decorative paints, protective coatings, colourants, and related products. It also offers original design manufacturing or ODM services for third-party brands in the paint and coatings industry.
*Potential beneficiary from the construction upcycle*. It is poised to benefit from the expansion of Malaysia’s construction industry (2024-2029 CAGR: 8.6% – according to Mordor Intelligence), driven by the Government’s continuous efforts to roll-out infrastructure projects nationwide. The vibrant construction activities help increase demand for residential, commercial, and industrial properties, as well as supporting infrastructure, which bodes well for SMART by boosting demand for paints and coatings. Moreover, SMART's comprehensive multi-channel distribution network – spanning nine wholesalers, 937 dealers, and 14 authorised distributors across Malaysia and overseas – enables it to effectively expand market coverage and reach a diverse customer base. The deployment of smart colour point-of-sale (POS) tinting machines at 381 retail stores also supports product customisation and efficient inventory management, allowing retailers to mix-and-match colours on demand.
*Technical review*: SMART is trading at consensus 12x FY2025E P/E. Based on hourly chart, the successful breakouts above multipole key MAs and upper BB could spur greater upside towards 0.505-0.535-0.545 zones. Key supports are pegged at 0.43-0.44
✅Current price: RM0.475
✅Entry: RM0.45-0.46-0.48
✅Resistance: RM0.0.505-0.535-0.545
✅Cut loss: RM0.445
✅Risk profile: Medium
2024-06-11 11:48
There you go Godzilla waking up...next charging his electron...get ready...
2024-06-11 14:07
broke 50 range....
good sign......
still fix my TP at 70.....
hopefully is achievable ....
stay tune guys....
2024-06-13 17:25
Ini company tarak ada ong. Director selalu jual share harga selalu drop. Kasi jual ini share banyak lugi.
2024-06-18 11:02
Baru listing, share price naik sikit tapi boss dah disposed...tamak management
2024-06-19 10:11
After listing, all whales dispose to become instant millionaires.
Those trapped, wait until they spend off the loot.
See you in 3 or 5 years time.
2024-06-20 23:58
SMART 0306
The only Paint related stock in Bursa beneficiary from Data Centre Boom
Data Centers recommended type of Paint
Epoxy floor paint
It greatly enriches the application of colors in the data center. The main components of epoxy floor paint are epoxy resin and curing agent.
Source: https://htraisedfloor.com/what-ground-materials-are-commonly-used-in-data-centers/#:~:text=Epoxy%20floor%20paint&text=It%20greatly%20enriches%20the%20application,epoxy%20resin%20and%20curing%20agent.
How can Smart benefit from this?
Smart do offer Epoxy Tile Finish
Source: https://www.smart-paints.com/epoxyflake/
2024-06-25 12:46
Grandmustah, they do have that range of epoxy coating if you check their website. Not only the potential from data centre but also transport/logistics hub which is growing top with current ongoing/upcoming new projects as well as refurbishments and renovation works. Another godzilla waiting to wake up.
2024-06-28 09:42
holding strong at 45 range....
if can break 50 by this week, will be better...
stay tune guys...
2 months ago
A lot of SMART desperado shareholders dumping their holdings below the IPO price. Don't know who?
1 month ago
Characteristics of a CB stock ->
1) KLCI goes up, share price goes down
2) KLCI no move, share price also goes down
3) KLCI goes down, share price goes down even further
1 month ago
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