TMK CHEMICAL BHD
KLSE (MYR): TMK (5330)
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Last Price
1.83
Today's Change
-0.02 (1.08%)
Day's Change
1.82 - 1.85
Trading Volume
555,100
IPO Info
Offer Period
Opening
2024-11-25
Closing
2024-11-29
Time Table
Allotment Date
2024-12-11
Listing Date
2024-12-12
Price
Issue Price
-
Units
1,000,000,000
Share Capital
879,101,697.150
No of Shares
Public Issue
-
Offer for Sale
-
Private Placement
-
Issuing House
-
ISIN Code
MYL5330OO005
Prospectus:
INITIAL PUBLIC OFFERING ("IPO") OF 220,000,000 ORDINARY SHARES IN TMK CHEMICAL BHD (FORMERLY KNOWN AS TAIKO MARKETING SDN BHD) ("TMK" OR "COMPANY") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED ORDINARY SHARES IN TMK ("TMK SHARES" OR "SHARES") ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING A PUBLIC ISSUE OF 220,000,000 NEW SHARES ("ISSUE SHARES") INVOLVING: (I) INSTITUTIONAL OFFERING OF 190,000,000 IPO SHARES TO INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND (II) RETAIL OFFERING OF 30,000,000 IPO SHARES TO THE DIRECTORS OF TMK, ELIGIBLE EMPLOYEES OF TMK AND ITS SUBSIDIARIES ("GROUP"), PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE GROUP AND THE MALAYSIAN PUBLIC AT THE RETAIL PRICE OF RM1.75 PER IPO SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED IN THIS PROSPECTUS) IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS. THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (A) THE RETAIL PRICE; OR (B) THE INSTITUTIONAL PRICE
TMK Chemical - IPO prospectus (Part 1).pdf
TMK Chemical - IPO prospectus (Part 2).pdf
TMK Chemical - IPO prospectus (Part 3).pdf
TMK Chemical - Detailed Procedures for Application and Acceptance.pdf
Discussions
Be the first to like this. Showing 37 of 37 comments
Anyway, still might be something worthwhile to consider. Maybe the pundits among y'all might like to look further into it.
1 month ago
TMK Chemical unveils prospectus for RM385 mil IPO, priced at RM1.75 apiece
Luqman Amin/theedgemalaysia.com
25 Nov 2024, 01:22 pm
https://theedgemalaysia.com/node/735232
1 month ago
91m profit on 1.3b revenue might not be fantastic. But neither is it that bad either.
Still comes to 7%. Not every billion plus company can manage that kind of income.
1 month ago
TMK Chemical to double capacity with new plant funded by IPO proceeds
Luqman Amin/theedgemalaysia.com
25 Nov 2024, 01:53 pm
https://theedgemalaysia.com/node/735236
1 month ago
I went through its prospectus and found that it is managed by professional managers. The owner is not directly involved in the business. How much do you think will appreciate upon listing?
1 month ago
TMK Chemical Berhad's initial public offering (IPO) subscription period is notably brief, opening on November 25 and closing on November 29, 2024. This four-day window is shorter than the typical one to two weeks allotted for IPO subscriptions. Additionally, the company is expected to release its quarterly financial report by November 29, coinciding with the subscription deadline.
The timing raises concerns that if the forthcoming financial report reveals unfavourable results, it could negatively impact investor sentiment and the stock's performance upon listing.
For the financial year ended December 31, 2023, TMK Chemical reported a profit after tax (PAT) of RM91.6 million, a decrease of nearly 40% from RM150.34 million in FY2022. Revenue also declined by 12% to RM1.31 billion from RM1.48 billion in the previous year. TMK’s full-year 2024 performance will depend heavily on the continued ramp-up of the Baling Plant which commence operation in May 2024 and management’s ability to improve profit margins.
Investors should exercise caution and consider awaiting the release of the latest Quarterly financial report before making investment decisions. This approach allows for a more informed assessment of the company's financial health and prospects. But what if the quarterly report is release after 5pm on 29th Nov?
1 month ago
OTHERS TMK CHEMICAL BHD ("TMK" OR "COMPANY") INITIAL PUBLIC OFFERING OF ORDINARY SHARES IN TMK IN CONJUNCTION WITH ITS LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD
TMK CHEMICAL BHD
Type Announcement
Subject OTHERS
Description TMK CHEMICAL BHD ("TMK" OR "COMPANY")
INITIAL PUBLIC OFFERING OF ORDINARY SHARES IN TMK IN CONJUNCTION WITH ITS LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD
Unless otherwise stated, all defined terms used in this announcement shall have the same meaning as those defined in the Prospectus dated 25 November 2024 issued by TMK.
Following the completion of the bookbuilding process under the Institutional Offering on 29 November 2024, on behalf of the Company, Maybank IB, being the Principal Adviser wishes to announce that the Institutional Price and the Final Retail Price have been fixed, as set out below:
INSTITUTIONAL PRICE – RM1.75 PER IPO SHARE
FINAL RETAIL PRICE – RM1.75 PER IPO SHARE
The Retail Offering closed at 5.00 p.m. on Friday, 29 November 2024.
This announcement is dated 2 December 2024.
Announcement Info
Company Name TMK CHEMICAL BHD
Stock Name TMK
Date Announced 02 Dec 2024
Category General Announcement for PLC
Reference Number GA1-02122024-00022
3 weeks ago
TMK Chemical's IPO public offer oversubscribed 14.28 times
Corporate News
Tuesday, 03 Dec 2024
7:11 PM MYT
https://www.thestar.com.my/business/business-news/2024/12/03/tmk-chemical039s-ipo-public-offer-oversubscribed-1428-times
3 weeks ago
The cumulative eps of RM1.14 is calculated based on the total number of shares prior to the IPO. Which was 83,178,173 shares. Upon the launching of the IPO, the total number of shares issued had been increased to 1 billion shares, about 10 times more shares. What do you think will be the EPS based on 1 billion shares?
2 weeks ago
Up or down upon listing? Recently most IPO's been not doing so well upon listing
2 weeks ago
i will hold and top up abit. keep for short and long term investment. Short term TP 2.5
2 weeks ago
My view is we should keep for long term. TMK is considered a market leader in the business that they are managing. They have been into the business since 1989, and certainly I believe they know what they are doing. I also believe one should have a market leader in his or her portfolio. Good luck to everyone and keep a long-term view on everything in life.
2 weeks ago
TMK Chemical rises 13% in trading debut after RM385m Main Market IPO
Sankita Jayanandan
theedgemalaysia.com
12 Dec 2024, 09:23 am
Updated - 11:07 am
https://theedgemalaysia.com/node/737451
2 weeks ago
Now IPO can't trust. If get then sell. If not will down toward lower ipo price. Everyone is selling, CEO also run , took money first
2 weeks ago
Now IPO can't trust. If get then sell. If not will down toward lower ipo price. Everyone is selling, CEO also run , took money first
--------
Don't be POND*N......TMK RM 2.50 anytime....like Speedmart99💪
2 weeks ago
Lelax, keep for some time. Bless that we can be part of Biggest chemical company in Msia. Ok whatever, we r still having premium right?.
2 weeks ago
below ipo price soon....LOL
1/3 of all ipo from 2023 till now are below ipo price......this lemon will be one of them soon
1 week ago
Tmk 1.83
New valuation 1.40 range and below.i count this counter figures out no ong or no luck.
16/12/24 3.15 pm
Join me as follower or paid(teaching).
1 week ago
recovering as weak holders and sprinters are being shaken off the wagon. i believe pink form receivers were selling off earlier.
1 week ago
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DreamKaiser
Hello hello hello. Another cool one for the Kaiser to set the ball🏀 rolling. This one not a penny stock though. But more like a third liner.
1 month ago