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 IPO: Kumpulan Kitacon Berhad, Potential IPO - Main Market

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xander2k8
post Jan 2 2023, 08:30 PM

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QUOTE(Peenix99 @ Jan 2 2023, 01:04 PM)
Red flag, Usually listing a successful IPO that last apart from
running a successful bizness entity I've noticed that they should have catchy or strong dependable name.

I have my doubts this counter will last very long. Seems it was haphazardly selected without consideration for the long term. Your funds and Goodluck.
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Most Bursa IPO is usually to speculate and current owners to downsize their holdings and debts and get out from it

Only few every year which is solid to apply otherwise forget about it
xander2k8
post Jan 8 2023, 09:02 PM

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QUOTE(nexona88 @ Jan 8 2023, 08:35 PM)
Huh ..

Don't have 1.88 ahhh πŸ˜πŸ˜‚
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Round number not lucky number πŸ˜‚
xander2k8
post Jan 9 2023, 04:46 PM

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QUOTE(IPO ADDICT @ Jan 9 2023, 03:05 PM)
Hmmm....this is Public Bank laaa...
No need to say anymore to those risk averse
Let this scared liao mentality to Bang head on the Wall 10 X on listing day 17 Jan &  miss a Jolly CNY $$$

Mine IPO ADDICT TP RM 1.00 ++ $$$ almost like Public Bank
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Won’t be 10X πŸ€¦β€β™€οΈ

Public Bank is over bullish while the books already show slowing CAGR and they are township contractors while a lot of townships are slowing down and interest rates play a role now
xander2k8
post Jan 11 2023, 06:13 PM

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QUOTE(nexona88 @ Jan 11 2023, 10:11 AM)
Next stop is ballots....

Don't know how high is the oversubscribed rate...

But could be lower than normal???
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It is lower than normal judging by the number of applicants

Will be the next Senheng πŸ€¦β€β™€οΈ

QUOTE(bluemountains @ Jan 11 2023, 01:37 PM)
Why do some investors make their decisions to invest based on the name of a company?  They should have made their decisions based on fundamentals.  Those who skipped this IPO will most likely miss out on a substantial premium on 17 January.
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Wait for the sell off 1hour after listing and then you will cry as the owners are cashing out big time πŸ€¦β€β™€οΈ
xander2k8
post Jan 11 2023, 08:16 PM

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QUOTE(nexona88 @ Jan 11 2023, 07:59 PM)
Not looking so good....

Acceptable level on oversubscribed rate 😎
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Showing signs like Senheng πŸ€¦β€β™€οΈ
xander2k8
post Jan 17 2023, 04:35 PM

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QUOTE(IPO ADDICT @ Jan 14 2023, 02:04 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 $$$$$
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Can’t even hit 1 and will be downhill from now πŸ€¦β€β™€οΈ

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

QUOTE(hovercraft97 @ Jan 17 2023, 09:12 AM)
why no love for this IPO since today its debut?..

quite a decent opening price...

so kita tak kena con?..
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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
xander2k8
post Jan 18 2023, 05:49 AM

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QUOTE(IPO ADDICT @ Jan 17 2023, 07:08 PM)
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 $
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For now wait until next week then you know πŸ€¦β€β™€οΈ
xander2k8
post Jan 18 2023, 03:46 PM

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QUOTE(bluemountains @ Jan 18 2023, 03:41 PM)
The worst IPO so far.  Even the big boys were rushing to sell from the start to the finish; hence the free fall.

The big boys are not keen to go against general public perception that all construction counters face poor prospects because of huge property overhang.

Kitacon specialises in building terrace houses where demand is good; about 85% of it revenue comes from this segment.  It is free of bank borrowings.

The overhang is mainly in highrises i.e. condos and service apartments.
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This round fall is because I believe those internal staffs are selling it πŸ€¦β€β™€οΈ

Haven’t seen any major players shorting and once this happens after the ESOS I believe it will start falling big timee

 

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