It is lower than normal judging by the number of applicants

Will be the next Senheng 🤦‍♀️

Wait for the sell off 1hour after listing and then you will cry as the owners are cashing out big time 🤦‍♀️

About 83 sen.

Not looking so good....

Acceptable level on oversubscribed rate 😎

This post has been edited by nexona88: Jan 11 2023, 08:00 PM

Mbb unsuccessful

Showing signs like Senheng 🤦‍♀️

Confirm on listing day 😏

Fantastic all wallaped liao....$$|$$|

PublicInvest Research
Kumpulan Kitacon Bhd - Township Contractor

PublicInvest
Publish date: Mon, 09 Jan 2023, 10:26 AM
Kumpulan Kitacon Bhd (KITACON) is a G7 building construction contractor involved in the construction of buildings in Malaysia. For the FY19 up to 6MFY22 financial period, KITACON carried out construction works for both residential and non-residential buildings. Residential buildings mainly consist of landed properties such as terrace, semi-detached and detached houses, cluster houses as well as townhouses, while non-residential buildings include commercial buildings such as shop offices and shopping mall, industrial buildings, purpose-built buildings such as sales gallery and clubhouse, as well as institutional buildings in the likes of school. For the stipulated financial period, a small proportion of KITACON's revenue was derived from other related services such as earthworks, roadworks, hoarding works, rectification works, piling works and infrastructure works.


We derive a fair value of RM0.96 based on an 8x PE multiple to its FY23F EPS of 12sen. The IPO is expected to raise approximately RM51.7m from the issuance of 76.1m new shares. Besides utilising 6.3% of the proceeds for working capital requirements, 46.4% and 38.7% of the proceeds are allocated for purchase of construction equipment as well as purchase of land together with construction of a storage and refurbishment facility, respectively
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Hmmmmm....96 sen ( 41 % ) Angpows from trusted PUBLIC BANK. ,worrrr....

Huarttt Chaiiii....$$$$$

Oso 4 brokers TA , APEX , M+ ,Mercury all give solid GREEEN $

Finally from independent Academician IPO ADDICT ,>>..??

RM 1.18...

This post has been edited by IPO ADDICT: Jan 12 2023, 03:12 PM

looking good

KUALA LUMPUR: Kumpulan Kitacon Bhd recorded a net profit of RM8.53mil in the third quarter ended Sept 30, 2022, on the back of revenue of RM116.09mil.

The construction services provider announced the results in a filing with Bursa Malaysia, which brought its nine-month performance to RM35.23mil net profit and RM350.82mil revenue.
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FANTASTIC.....PUBLIC BANK TP 96 SEN ( 41 % )

Can't rule out to hit RM 1.50 during this IPO MANIA now on going in the Bursa Market

This post has been edited by IPO ADDICT: Jan 14 2023, 07:02 AM

Black Market how much oreli
0.88cts can get or not

With the IPO MANIA / IPO CRAZY ....the black market price is heard around RM 1.00
The boss if not mistaken was a seasoned Golengg Kaki too

RM 1.20 -RM 1.50 is with in reach during this IPO MADNESS $$$$$
After all KITACON is a G7 TOP CLASS MAKING MONEY / PROFITABLE TOWNSHIP SPEACIALIST -CONTRACTOR
#HuattChaiii$$

This post has been edited by IPO ADDICT: Jan 14 2023, 01:07 PM

SENHENG...?...hmmm even if Senheng going to listing during this IPO MADNESS surely will give us BIG CNY ANGPOWS...Sengheng wrong timing listing early last year...pity

Take it Easy ,....Kool it , Sour Grape. Xander2k8...he he he

Welcome IPO FEVER - IPO MANIA - IPO MADNESS $$$$$

Today Kitacon to hit RM 2...?...got ,potential
Thanks to IPO MANIA now on going $$$$$

This post has been edited by IPO ADDICT: Jan 17 2023, 07:05 AM

why no love for this IPO since today its debut?..

quite a decent opening price...

so kita tak kena con?..

Open not con, later con.

Hmmm....SOLID. JACKPOT $$$$$

Sour grapes....kih kih kih 3X
A spicy lesson - Pay the heavy price of TAKUT >> heavy opportunity cost ( ECONOMICS 101 )

Thanks Kitacon for the CHARITY JACKPOT $$$$$$ ...perfect timing during this IPO Fever
JOLLY CNY $$$$$
Note : In stock trading , there is risk - a calculated risk

If want NO RISK ..yess there is a grandma Bank FD / Fixed Deposit for a never failded peanut after 365 days OR an Olang Kampong ASNB ASB / ASM for merely 4 % GUARANTEED chicken feed after 1 tired year of waiting

This post has been edited by IPO ADDICT: Jan 17 2023, 12:25 PM

Can’t even hit 1 and will be downhill from now 🤦‍♀️

Another Senheng in the making and it will go lower below to 0.50 after the holidays

Decent opening but downhill afterwards after those got the ipos been selling

Look for more downhill signs with more share dilution soon from ESOS

Another Senheng soon

Hmmm.. sour grape
Senheng opening at a loss...open 90 sen , ipo RM 1.07..

Fantastic KitaCon open 99 sen for a solid JACKPOT 46 %...

Still GREEEEN $

This post has been edited by IPO ADDICT: Jan 17 2023, 07:12 PM

For now wait until next week then you know 🤦‍♀️