Compared to 2021, Southeast Asia in 2022 sees a 52% fall in IPO funds raised, even though IPO count and IPO market capitalisation are expected to hold steady while Thailand and Indonesia are top of the table for listings in Southeast Asia for 2022
BUY with a TP of RM0.50 based on 15x PER (50% discount to Bursa Malaysia Technology Index 5 years average given its smaller market capitalisation ) over FY3/23 EPS.
IPO of 160,874,300 Ordinary Shares in Seng Fong Holdings Comprising Public Issue of 90,814,700 New Shares and Offer for Sale of 70,059,600 Existing Shares (IPO Shares) at an Issue / Offer Price of RM0.75 Per IPO Share
Almost all of Seng Fong's revenue is derived from sales to international customers from FYE2019 to FYE2021 says the company in a media release
KUALA LUMPUR, Apr 29, 2022 — Cnergenz Bhd, an established electronics manufacturing solutions provider based in Penang, has launched the Company’s Prospectus today for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities (Bursa Securities). Applications for the IPO have opened starting at 10.00