NORTHEAST GROUP BERHAD
KLSE (MYR): NE (0325)
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Last Price
0.68
Today's Change
-0.02 (2.86%)
Day's Change
0.68 - 0.71
Trading Volume
3,171,500
IPO Info
Offer Period
Opening
2024-09-26
Closing
2024-10-03
Time Table
Allotment Date
2024-10-14
Listing Date
2024-10-15
Price
Issue Price
-
Units
740,000,000
Share Capital
225,161,874.000
No of Shares
Public Issue
-
Offer for Sale
-
Private Placement
-
Issuing House
-
ISIN Code
MYQ0325OO009
Prospectus:
INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF NORTHEAST GROUP BERHAD ("NORTHEAST" OR "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 168,989,000 NEW ORDINARY SHARES IN OUR COMPANY ("SHARES") ("ISSUE SHARE(S)") IN THE FOLLOWING MANNER: (A) 37,000,000 ISSUE SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 29,600,000 ISSUE SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES AS WELL AS BUSINESS ASSOCIATES WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR COMPANY AND SUBSIDIARIES; (C) 61,689,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (D) 40,700,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY OF MALAYSIA ("MITI"); AND (II) OFFER FOR SALE OF 51,800,000 EXISTING SHARES ("OFFER SHARE(S)") BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MITI, AT AN IPO PRICE OF RM0.50 PER ISSUE SHARE / OFFER SHARE, PAYABLE IN FULL UPON APPLICATION
1. Northeast_Prospectus (Part 1).pdf
2. Northeast_Prospectus (Part 2).pdf
3. Northeast_Detailed Procedures for Application and Acceptance.pdf
Discussions
Be the first to like this. Showing 50 of 79 comments
NE price outlook
3Q PAT around RM13m, assume Q4 PAT= RM3M, end up RM16M. EPS will be 2.2cts . Fair value for x20 PE is RM0.43 .
Don't forget the US dollar start weaken in Q4. 😓
1 month ago
What implications might Israel's assurance to the US about not targeting Iran's nuclear or oil facilities have on regional stability and diplomatic relations?
3 weeks ago
Dow Jones
Dow Jones Industrial Average
43,053.27
-222.64
0.51%
Nasdaq
NASDAQ Composite
18,448.69
-40.86
0.22%
3 weeks ago
0325 NE, NORTHEAST GROUP BERHAD - +
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
21 Oct 2024, 17:00
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
Subject : Dealings Outside Closed Period
1. Details of Dealings Outside Closed Period
Salutation : MISS
Name : TAN SUAT HOON
Designation : Chief Financial Officer
Description of "Others" Designation :
Type of Transaction : Disposed
Date of Transaction : 18/10/2024
Description of Securities : Ordinary Shares
No of Securities Transacted : 50,000
% of Securities Transacted : 0.007
Consideration : Malaysian Ringgit (MYR) 26,000.000
Remarks :
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
3 weeks ago
This definitely is is a concern as far as the investors are concerned. I think the CFO needs to make an explanation to its investors. It’s sad to note that we invest our hard earned money to invest hoping that there would be returns one day.😭😭😭
3 weeks ago
i regret so much that i didnt topup when it reached below ipo price. if god give me another chance, i'll do all in HAHA
3 weeks ago
Most bursa small caps been trending down except NE managed to break new high today, looking good to scale higher.
2 weeks ago
Good lah. Let NE rise up first and then followed by Crest? Both are IPO stocks.
Just my opinion
2 weeks ago
Ne 60.5 cents
Sell call.let see drop below 55 cents can come back to 60 cents again on nov.if sway away can cancel shortlist in 10 trading days.
29/10/24 11.18pm
2 weeks ago
Technical Analysis. Northeast formed a bullish tower bottom pattern on Friday, implying that a bullish reversal sign may have occurred. The stock also posted two positive candles in a row and negated the bearish 16 October's downside gap, likely suggesting that upward momentum is picking up. A bullish bias may emerge above the RM0.50 level, with stop-loss set at RM0.46, below the recent pivot low. Towards the upside, near-term resistance level is seen at RM0.60, followed by RM0.70.
https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2024-10-21-story-h471958112-Stock_on_Radar_Northeast_Group_NE
2 weeks ago
Exited at avg 0.69. Wait n see how it moves then re enter. Next wk US Elections may have some mkt turbulence.
2 weeks ago
morning all NE fighters..
next week if our week rm0.78 is next destination..
tut tut
good time to ride
2 weeks ago
Dow and nasdaq cantikkk...this stock gonna fly North...by Northeast ...title of a classic movie hehe...
1 week ago
NE still maintain above rm0.70
hopefully can reach rm0.78 by end of month..
tut tut
hold for now
1 week ago
morning..base on paktua formula RP projection
RP Range base ipo rm0.50
RP+180=rm0.59
RP+240=rm0.62
RP+300=rm0.65
RP+600=rm0.80
RP+900=rm0.95
T-Days Cycle
(Base on 15hb Oct 24)
P-23=18hb Nov 24
P-34=3hb Dec 24
tut tut
come be part paktua legion if want to know more RP update
sent request at tele @swingdarkred73
1 week ago
yes..
NE in position RP+450
paktua set RP+600 by P-34.
RP Range base ipo rm0.50
RP+180=rm0.59
RP+240=rm0.62
RP+300=rm0.65
RP+450=rm0.725
RP+600=rm0.80
T-Days Cycle
(Base on 15hb Oct 24)
P-23=18hb Nov 24
P-34=3hb Dec 24
tut tut
this week let break rm0.75
4 days ago
Asia stocks fall as China stimulus disappoints, deflation persistsInvesting.com- Most Asian stocks fell on Monday (NASDAQ:MNDY) as fresh fiscal stimulus from China largely underwhelmed, while data over the weekend s
4 days ago
morning..
NE still maintain position RP+600 is next destination..
tut tut
now more focus on plantation fgv,jpg & MKHOP
3 days ago
morning..
today is judgement day..
if down more its will deep crash..
if rebounce its reflect from TUN Daim pass away..
tut tut
always stick with own style
1 day ago
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