Bursa Malaysia’s initial public offering (IPO) momentum is expected to continue for the remainder of the year given the number of submissions in the pipeline, particularly for listings on the ACE Market.
Bursa Malaysia Bhd CEO Datuk Muhamad Umar Swift said several IPO applications have been approved and are pending listing. And, this month, we have 5 new IPOs for your consideration.
Here is some brief info on all FIVE of them:
1) DC HEALTHCARE HOLDINGS BERHAD
Popularly known as Dr Chong Clinic or Klinik Dr Chong, DC Healthcare provides aesthetic services, general medical services and sale of skincare products.
The company currently has 13 clinics and 10 LCP Certified Aesthetic Physicians, assisted by 29 resident medical doctors in the central and southern regions of Peninsular Malaysia namely in Negeri Sembilan, Selangor, Johor, and Kuala Lumpur.
The IPO listing aims to raise RM49.81 million for working capital and repayment of borrowings. At 25 sen per share, the company is valued at 26.04x PE based on its profit after tax of RM9.56 million for the financial year ended Dec 31, 2022.
Website: https://dchealthcareholdings.com/
Website: https://dchealthcareholdings.com/
2) MST GOLF GROUP BERHAD
Golf equipment retail chain operator MST Golf Group Bhd is setting its initial public offering (IPO) price at 81 sen per share and will have a market capitalisation of RM664.90 million upon listing with an enlarged share capital of 820.87 million shares.
This values the company at about 27 x PER — based on its net profit of RM26.65 million for the Dec 31, 2022 (FY2022) period.
According to an independent market report by Vital Factor Consulting Sdn Bhd, MST Golf is currently the market leader in golf equipment sales comprising golf clubs, golf balls and accessories, and golf apparel in Malaysia. The company commands a market share of 51% of golf equipment imported into Malaysia and is the largest chain of golf speciality retailers in Malaysia, based on data obtained in 2022.
Website: https://www.mstgolfgroup.com/
3) MYMBN Berhad
The group is involved in the processing and sale of raw unclean edible bird’s nests (RUCEBN) to both local and China markets. Its core business is sitting in the midstream of the edible bird’s nest industry value chain.
The group’s expansion plan is to include the processing and sale of raw clean edible bird’s nests (RCEBN), which sits in the midstream of the edible bird's nest industry value chain, as well as a venture into the halal ready-to-drink bird’s nest products market by coming out with its own brand, which sits downstream.
Website: http://www.mymbn.com.my/
4) DAYTHREE DIGITAL BERHAD
A tech-driven global business services (GBS) provider focusing on customer experience (CX) and lifecycle management services enabled by digital tools developed in-house.
It serves clients across industries such as energy and utilities, telecommunications and media, fintech and financial services, construction, e-commerce and retail, healthcare, as well as travel and hospitality.
At 30 sen per share, Daythree Digital is expected to have a market capitalisation of RM144 million after listing, valuing the company at about 23.1 x PE based on its net profit of RM6.2 million for the financial year ended Dec 31, 2022 (FY2022).
Interestingly, why Hextar Group CEO Datuk Eddie Ong appeared during the prospectus launching? 😳💢
Website: https://www.daythree.co/
5) KGW GROUP BERHAD
The company is involved in logistics services including ocean freight services, air freight services, and freight forwarding services as well as warehousing and distribution of healthcare-related products and devices.
An asset-light logistics provider that specialises in managing and coordinating the movement of goods within the supply chain. In FY2020, the group recorded a net profit of RM5.6 million on the back of a revenue of RM47.7 million.
The group is expected to have an enlarged market capitalisation of RM101 million upon listing. Website: https://www.kgwlogistics.com/
~ The End ~
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