SHAME !

## today GOT JACKPOT from MQTECH / mqteh-wa

next NEXGRAM / nexgram-wa

Well... Market is weak....
IPO sure under water... Beware 😈

Not to worry with this Main Board IPO . Semiconductor company still performs and today is last day to apply .

is it? where ah? mind sharing?

today is the final day to subscribe for public portion. haven't read the prospectus yet. how is it doing leh?

yeah, same here. i am banging on the semiconductor sector as a whole.

are you talking about this one?


Mi Equipment to raise RM190.87m from IPO

Corporate News

Monday, 28 May 2018
12:30 PM MYT

by joseph chin

KUALA LUMPUR: Mi Equipment Holdings Bhd plans to raise up to RM190.87mil from the issuance of new shares under its floatation exercise on the Main Market of Bursa Malaysia Securities.

In its prospectus issued on Monday, the equipment manufacturer of wafer level chip scale packaging (WLCSP) sorting machines for the semiconductor industry said it was issuing 134.428 million new shares at RM1.42 each.

Of the new shares, it said 25 million shares would be offered to the public, 17.50 million shares to eligible persons and 60.449 million shares would be placed out. The remaining 31.479 million shares would be placed out to approved Bumiputera investors.

The shareholders would also offer for sale 18.52 million existing shares which would be placed out to approved Bumiputera investors.

The listing is scheduled for June 20.

Mi Equipment said of the RM190.88mil to be raised from the issuance of new shares, it would use 34% or RM65mil to build a factory cum office in Bayan Lepas, Penang. It will also use 39.3% or RM75mil to build a new factory and office in Batu Kawan, Penang.

Another 19.3% or RM36.78mil would be used for working capital, RM6mil for research and development and the remaining RM8.10mil for listing expenses.

Mi Equipment said the board plans to recommend and distribute a dividend of at least 20% of its annual audited profit after tax attributable to the shareholders of the company.

Wah good for u..
Me not dare to apply with current situation

Later I go find the newspaper...
Tuesday edition...

PublicInvest Fair value RM 1.66 .

thanks.

having glance through the prospectus for about 30 mins.

i see positive points on this IPO. quite like the business model and their margins, if they can maintain current financial year, surely next year can be better with the increasing demand.

purely fundamentals point of view.

Don't believed what IB says 100%
That's the basis of investment decision

Hmm..
But would the share price reflected on listing???
U know, even if company is good.. Market is bad.. There's risk of just so so performance.. Or worse, below IPO...

i'm in for a longer term, if required or possible. may pick up more after IPO.

anyway, me as small kecik meow, not sure will kena or not. so try only lu.

Is up to you . If you think it's bad then don't apply .

anyhow..

u ask previous post

okay lah...

I apply 2 biji... "close eye" see have luck & profit under new PH government..

Malaysia Baru

haha okay, thanks man!

me too, try luck see if can get it under the new Malaysia. hehe

now next question...

how much is the oversubscribe rate

Pros:

Semiconductor still is a sunrise industry.
PE11.4 still consider acceptable rang & ROE18.7% is good.
PAT margin is good.
Debt ratio is healthy.
Director fee is healthy.
95.76% of IPO fund use to develop business.


Cons:

Other compeitor PAT margin is around 10% or below. After IPO need to maintain high PAT margin.
Timing of listing in June 2018 might in market low period.
Technology changing is fast in this industry.
Customer repeat order will take years time because their product is selling machines, so they have to keep find new order.


Overall, this is a good IPO. Should able to see the company growth faster after 2 years time. Investment will have good return on this company.

i share the same view as you, the general semi-conductor sector is doing good in recent months.
their cash level is pretty healthy and margins are higher than competitors which i like.
so reap it while it is still early.