..am doing my homework..

..NOWWW  burning midnight candles     to figure out  the  RIGHT & PROMISINGG  TP  :thumbsup:

with IPO  MANIA -  IPO  CRAZY - GILA IPO.....can't depend too much on FA( Financial Analysis ) ....

infact  IPO sentiment is much crucial than  FA.....

BTW.....our Batu Cave comrade   to come over here anytime to THROWWWWW    Cold water

bro, wanna ask u what is PE ya?

PE 21 times wor. you guys ok with PE 21 times?

past PE 21 times.We are looking at future PE

Where u see pe 21?

PE 12 .XX la .....no read prospectus?

lol, you either read superficially and adopt their figure as it is then yes, that's the PE they are selling to you in S4.5.

ok my bad, i treated the 9-months result as a full year.

So i apply the annualised Audited FPE2020's EPS of 0.95sen, the PE would still be around 15.7 times and it's not 12 times.
This is an audited figure, cannot ignore it. unless you tell me their final 3-months can achieve supernormal result then ya, your PE would be around 12 times.

i am not using forward PE.

i am using the audited FPE2020 figure.

i am not plucking the figures from nowhere to form my view of its FYE2021 or FYE2022.

it is also find if you want to say it's trailing + Q4E figure. This Q4 by right should be out by now in accordance to the LR.

Could be due to covid relief measure.

is your TTM definition = Total Twelve Months?

i annualised the earnings 

Edit: I think you meant Trailing Twelve Months. Normally this is what we referred to as, LTM instead. but they meant the same.

In any case, the fact that the IPO price is 20 cents, this will definitely be goreng'ed on the IPO day.

Good luck everyone.

teladan setia belas2 kan last time?

no such thing as which is better, valuation is not a science, there is no right or wrong.

your statement that this company get the most orders in the last quarter is not accurate too.

Section 6.9 was extracted from the Prospectus as below for your easy reference:

6.9  SEASONAL OR CYCLICAL EFFECTS

Our operations are not significantly affected by seasonal/cyclical effects as our products and services  are  mainly  provided  to  glove  manufacturers  and  glove-dipping  line  manufacturers, and  these  manufacturers  generally  operate  throughout  the  year,  albeit  marginal  slowdowns  during  festive  periods  due  to  higher  number  of  workforce  going  on  leave  for  festive  celebration.  Nevertheless,  the  impact  of  the  marginal  slowdown  is  not  significant  to  our  Group.

based on the above disclosure, the company does not have seasonality, in fact production might drop a bit (marginal slowdown) during festive season (like Christmas) like what you mentioned, during the last quarter of the year.

Also, annualising a 3 quarters results is a norm in my industry....
it's not like i am estimating 9 months' results based on 3 months' actual, but the other way round.

lolz...
where u pluck the figures from 
learn from SureAngpow fellow ahhh

I tot pipu sked masuk flexi due to the vaccine sentiment 

on the first bolded, would you mind showing us on how you get your Trailing Twelve Months earnings? Q4 FY 2019 + Q1, Q2 & Q3 FY2020.
Either in absolute amount or EPS is fine for me, please enlighten me.

On the second bolded. Did you know that any misrepresentation, false or misleading statement in ANY of the disclosure in the Prospectus can lead to the Promoters, Directors of the company going to jail? To certain extend, the advisors, due diligence solicitors, RA, IMR (collectively, referred to as "DDWG") will also be affected, even reprimanded, licence be revoked, fined, if they are not being sentenced to jail, the DDWG will have to rely on the DDPM framework set up and the minutes as their last line of defence to defend themselves that EVERY DISCLOSURE in the Prospectus was TRUE and NOT misleading.

If there's any complaint made to the SC, SC can still pull a last minute handbrake and the listing may not as scheduled.

Maybe you're not from the investment banking nor did any corporate finance work, so I can't blame you.

lol okay then, i also hope that i am a student or a freshie.

misleading statement may be viewed to construed as misrepresentation. Every single disclosure in the prospectus MUST BE FACTUAL and VERIFIED, forward looking statement in nature are all refrained from being used, let alone forming part of the disclosure in any part of the prospectus (including the one you deemed as subjective).

Nvm. I rest my case.

Monday onwards
Partial or Full refund 

Endless possibilities 😂😁

Whatever...
Market is still hot...
Especially those related with glove...
Anything with glove... People hoot BBB all the way...

wau lau, 200x... i thought glove related nobody interested.