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Pappajack Berhad (0242), ACE Market
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bluemountains
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Mar 16 2022, 11:07 AM
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Getting Started

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QUOTE(redhotpepper @ Mar 15 2022, 06:46 PM) This counter boleh profit ka? The first pawnbroker listed, don't have any other same company business to compare with, except for our neighbouring country. There are 3 companies doing same/similar business and listed on the SGX. (1) ValueMax - PER 5.56X (2) MaxiCash - PER 6.24X (3) MoneyMax - PER 3.69X Pappajack @ RM 0.30 is selling at a PER of 24.39X
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redhotpepper
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Mar 16 2022, 12:24 PM
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New Member
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QUOTE(bluemountains @ Mar 16 2022, 11:07 AM) There are 3 companies doing same/similar business and listed on the SGX. (1) ValueMax - PER 5.56X (2) MaxiCash - PER 6.24X (3) MoneyMax - PER 3.69X Pappajack @ RM 0.30 is selling at a PER of 24.39X 24.39/3.0755 (latest SGP exchange rate), so its about 7.93, so it is higher than the peers in SGP. Can make money ah ?
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kb2005
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Mar 16 2022, 02:07 PM
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QUOTE(nexona88 @ Mar 11 2022, 02:22 PM) It's all about connection 😋 Nothing else matters... Connection is not enough. Many people can get connected. The key is Money is King! Then all the way!
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TSnexona88
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Mar 16 2022, 02:22 PM
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QUOTE(kb2005 @ Mar 16 2022, 02:07 PM) Connection is not enough. Many people can get connected. The key is Money is King! Then all the way! Hmm.. Logical point too 😁 Connection + money is good combo 💪
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IPOMan99 P
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Mar 16 2022, 03:05 PM
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New Member
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QUOTE(bluemountains @ Mar 16 2022, 11:01 AM) These are 3 companies doing same/similar business and listed on the SGX. (1) ValueMax PER 5.56X (2) MaxiCash 6.24X (3) MoneyMax 3.69X Bro those companies are not comparable. Although they are pawnbrokers they focus more on retailing of jewelry. Look at the business segments. And they also accept other forms of pledges such as other commodities or valuable it3ms which prices are more volatile. I believe Pappajack does gold only which is very stable
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Dooit P
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Mar 16 2022, 03:45 PM
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New Member
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Just passby pappajack pawn shop at Sri Muda... Ful house bro... Haha
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Dooit P
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Mar 16 2022, 04:36 PM
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New Member
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Average PE for pawnbroker stocks in US arnd 20
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IPOMan99 P
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Mar 16 2022, 06:03 PM
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New Member
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QUOTE(Dooit @ Mar 16 2022, 04:36 PM) Average PE for pawnbroker stocks in US arnd 20 Different bro. That's a developed nation. In Malaysia there are more individuals who require these micro financing. That's why should command a higher PE.
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SUSxander83
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Mar 16 2022, 11:01 PM
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QUOTE(Dooit @ Mar 16 2022, 04:36 PM) Average PE for pawnbroker stocks in US arnd 20 No one us pawnbrokers unless they are on their last dime in US
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TSnexona88
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Mar 17 2022, 09:44 AM
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QUOTE(Dooit @ Mar 16 2022, 03:45 PM) Just passby pappajack pawn shop at Sri Muda... Ful house bro... Haha Good businesses.... Especially in those areas.. Desperate of $$...
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Dooit P
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Mar 17 2022, 10:37 AM
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New Member
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QUOTE(nexona88 @ Mar 17 2022, 09:44 AM) Good businesses.... Especially in those areas.. Desperate of $$... They strategically locate their shops bro from my observation. I coincidentally passby Klang bus station this morning & also found out one of their shop there
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Dooit P
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Mar 17 2022, 10:41 AM
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New Member
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I think once listed, ppl hv more confidence to go to their shops since its a public entity. Create gd perception for them oso
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IPOMan99 P
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Mar 17 2022, 10:46 AM
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New Member
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QUOTE(Dooit @ Mar 17 2022, 10:41 AM) I think once listed, ppl hv more confidence to go to their shops since its a public entity. Create gd perception for them oso You are right Bro. Had a few relatives used their services before. Feedback very good. Very genuine, honest and friendly.
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sl3ge
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Mar 17 2022, 10:47 AM
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TSnexona88
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Mar 17 2022, 02:33 PM
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QUOTE(Dooit @ Mar 17 2022, 10:37 AM) They strategically locate their shops bro from my observation. I coincidentally passby Klang bus station this morning & also found out one of their shop there Hmm... U got see who majority at the branch? More locals or foreigner? 🤔
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Dooit P
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Mar 17 2022, 03:50 PM
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New Member
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QUOTE(nexona88 @ Mar 17 2022, 02:33 PM) Hmm... U got see who majority at the branch? More locals or foreigner? 🤔 Haha... Need to park in front of their shop and do the statistics... Btw, i think there's a chance the IPO will be undersubscribe since Bumi can't participate.. The question is what will happen if undersubscribe & nobody want to subscribe the leftover? Cancel/postpone the IPO??
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TSnexona88
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Mar 17 2022, 05:05 PM
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QUOTE(Dooit @ Mar 17 2022, 03:50 PM) Haha... Need to park in front of their shop and do the statistics... Btw, i think there's a chance the IPO will be undersubscribe since Bumi can't participate.. The question is what will happen if undersubscribe & nobody want to subscribe the leftover? Cancel/postpone the IPO?? Hehehe.... Don't think would be undersubcribe... Worse come worse.. low oversubscribed.... So everyone who applied get the shares they want 🎉💰🤑 Nowadays... Whatever rubbish IPO.. also hot demands.. This one Ace Market.... Even better to speculate & play / ride... This post has been edited by nexona88: Mar 17 2022, 05:07 PM
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pileepalah
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Mar 17 2022, 06:23 PM
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halo why no target price chin chai lah, I be the 1st to kasi tp 0.88cts on listing day when semua orang takut is the best time to hoot
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IPO ADDICT
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Mar 17 2022, 06:49 PM
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Ace finance stock
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Dooit P
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Mar 18 2022, 02:25 AM
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New Member
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 TA gave 0.34 as fair value
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