KUALA LUMPUR (Oct 14): Construction company Vestland Bhd has obtained Bursa Malaysia's approval to launch an initial public offering (IPO) on the ACE Market.

The IPO involves 240.8 million shares, comprising a public issue of 170 million new shares and an offer for sale of 70.8 million existing shares.

Vestland managing director Datuk Liew foo Heen said proceeds raised from the IPO would be used to supplement the group's working capital requirements.

"This IPO approval marks an important milestone in our history, and we aim to further solidify our footing in the construction industry by leveraging on our design and build capabilities," he said in a statement.

Of the new share issuance, 47.2 million shares will be made available to the Malaysian public while 27.7 million shares will be allocated to eligible directors and staff.

The remaining 95 million shares will be made available through private placement to Bumiputera investors approved by the Ministry of International Trade and Industry (Miti).

For the existing 70.8 million shares offered for sale, 47.8 million will be allocated for private placement to selected investors and 23 million shares will be made available through private placement to Bumiputera investors approved by Miti.

AmInvestment Bank is the IPO's principal adviser, sponsor, placement agent and underwriter.

Source: https://www.theedgemarkets.com/article/cons...list-ace-market

VESTLAND BERHAD

Opening of application 27 Dec 2022
Closing of application 16 Jan 2023
Balloting of application 18 Jan 2023
Allotment of IPO shares to successful applicants 27 Jan 2023
Tentative listing date 31 Jan 2023

Super high risk?

Another Construction IPO....

Anyway
Got time to think over 😂

Long time to go

Yes,still waiting for fair price.Price is quite cheap only 33sen.Can onsider applying.
Wait until last day then decide.

This post has been edited by abdrahib: Jan 4 2023, 10:06 AM

simply buy simply untung

Vestland is cheaper than Kitacon.So I try my luck on Vestland lah.

We have only this IPO to apply for this month closing 16 jan and listing on 30 jan

with 410,000 units on sale with a price 33 sen.So far no FP or TP yet.

This post has been edited by abdrahib: Jan 9 2023, 05:31 PM

hmm.. i will skip this ....construction is not right time now

Still got time to apply 16 jan.Today IPO listing Natgate ,really encourage me to

apply for this IPO.Gila ,gi;a betul naik melebehi $1.

This post has been edited by abdrahib: Jan 12 2023, 04:38 PM

no TP from IB so far

tp from ipo addict 0.88 cts

from surewin 0.68 cts

from allwin 0.58 cts

sendiri chap sang

This post has been edited by pileepalah: Jan 12 2023, 03:56 PM

Anybody got tp for this? Next monday last day apply…

RHB Investment Research Reports
Vestland - a Formidable Design & Build Services Provider
rhbinvest
Publish date: Thu, 12 Jan 2023, 10:45 AM

FV of MYR0.37 on 10x FY23F P/E. Vestland intends to raise MYR56.1m from the public issue of 170m new shares. These proceeds will mainly be used to fund working capital, to further strengthen its design & build segment, which fetches greater added value in terms of better project oversight and cost management. Future earnings should be anchored by its diverse portfolio in private and government projects, spanning across the residential (high-rise property) and non-residential (police camps and warehouses) segments.

33 - - >37, got too little meat to beat...

Of coz too little look at what RHB wrote the listing money is working capital which means the company has bad cash flow

try sikit sikit
lama lama jadi bukit
next time sure jadi gunung

Tahniah bro, berani mencuba. Pelabur mantap dan tulin.

Applied!

Is it safe to apply? PE is 29X

chin chai hoot lah....nanti sure listing 43cts
enaf beli bah kwa...apa lagi u mau
worst pon boleh dpt 2 boxes of mandarin oranges

If Wellsphire can make it, why not this.

Cannot compare with it 🤦‍♀️

One is local economy demand while the other is export consumer oriented business

Oh what I am referring to is the outlook for both seemed grim, and yet Wellsphire open with strong green, why not Vestland.

Wellspire not grim but in fact it is even better just that people who says grim have no foresight 🤦‍♀️

Wellspire is growth is in export and they have plans to venture to Mid East and China which big market for their commodities

Have you looked at Wellspire's results for 3QFY22 & 9MFY22?

Do they looked promising to you?

They are just exporters of nuts, with only 5 brands under their belt. Too highly reliant on one source of income.

3Q it is slow month so not a good indicator 🤦‍♀️

Look for previous Q4 and Q1 as those are peak buying season for snacks

Lately IPO MANIA - IPO CRAZY - IPO MADNESS - IPO FEVER ATTACKING BURSA...All making angpows liao ...even today peanut IPO steaming liao giving solid jackpot around 130 %

This post has been edited by IPO ADDICT: Jan 16 2023, 01:58 PM

wat is your black mkt price

i heard ada orang jual kat 0.45 cts

ok or not

Latest black market ...sex symbol ..69 sen
IPO FEVER...TP 88 ,SEN...
Even peanut ipo hit 160 % JACKPOT today

This post has been edited by IPO ADDICT: Jan 16 2023, 02:30 PM

go or no go??? another Kitacon decision.

dun care is a white or black cat
a cat tat dapat tangkap a mouse
is a good cat

but this cat sakit perut, (construction sector).

Huattchaiii.....IPO MANIA ..IPO MADNESS
Even peanut snack IPO TP given by bank 28 sen can explode to almost 60 sen for nearly 160 % jackpot

This Vestland is much better overall..after all human need housing / property ...a must necessity

This post has been edited by IPO ADDICT: Jan 16 2023, 04:58 PM

Hurryyyy uppppp 1 more minute

Vestland: 6.2% (PE29.20, 2021), (est PE14.6, 2022)
Getting better ...!
Making moneyv/ profitable company $$$
Huat Chaiii $

Are you blind how can pe30 in 2021 and below 15 in 2022 means better 🤦‍♀️

It means the company is performing below par by 50% which means undertook major loan while raising shares for debt repayment

does the investment banker play a part in IPO share opening ? i realised vestland IBs are AmInvestment Bank which is the same as TTVHB ...hmm huat chai...

This post has been edited by twim: Jan 18 2023, 01:07 PM

ini macam ada good news oreli
tai geh huat ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

34cts can go to 54 cts pon very very hapi oreli

Mari Mari balloting result.. Sudah ka ?

Mohon ciput. Harap2 dapat. Nak beli limau.

Not really it depends on the divestment of shares and those who picked up during IPO willing to hold or not

If too buy orders and low sell orders the price will naturally go up

For most Bursa IPO usually after 10am day 1 you should see more sell orders happening instead 🤦‍♀️

anyone got ballot results?

Here you go


Attached File(s)
 731_basisAllotment.pdf ( 236.45k ) Number of downloads: 242

Sour Grape better go for the old fashioned grandma Bank Fixed Deposit ( FD ) ;for a never failed peanut 3 % after 365 days ( 1 yr )

This post has been edited by IPO ADDICT: Jan 18 2023, 05:41 PM

Tough to get it..
This cheap 33 sen ipo easily goleng one during this IPO FEVER - IPO MANIA

TP RM 1.00.....

Why bother playing FD or Bursa while I making better money playing NYSE instead 🤦‍♀️

Buy less yet still earn better in %

when will the results be out?

Results delay ahhh? 🤔

ballot out. but $$$ not refunded yet leh

CIMB dunno yet. Slow tortoise..

CIMB refunded already

yes CIMB $$ refunded
Maybank not yet.

So tough to get this Damn Good Vestland
After all nearly 20 X over subscibed - so IPO HUNGRY lately
RM 1 TP NO SWEAT....

This post has been edited by IPO ADDICT: Jan 19 2023, 09:52 PM

KUALA LUMPUR: Construction services group Vestland Bhd believes 2023 will be another positive year, on the back of a strong outstanding order book of RM947mil and existing tender book value of RM2bil.

what is the black market price
ceh...construction now not very good, kereta kena con
0.90cts all the way down to 0.67cts
kereta kena con

what said you biggest burshark addict

Sure drop big time as the owners are divesting 🤦‍♀️

Construction raw materials are going up hence affect the bottom line even with those cooked book orders

The IPO market remained solid rock with handsome angpows even JACKPOT . Thanks to IPO FEVER / IPO MANIA $$$$$
.
Vestland ?...Heard the Blackmarket now 50 sen...

TP 69 sen....is with in reach . After all it's very cheap....even snack /peanut ipo recently with nothing oso has been GOLENGGG liao more than 200 %...

BTW KITACON NOW GREEEEN ....on the way to hit RM 1.00
The budget 2023 is good news

Hmmm..hope our fren sour grape xander not to be left out to punt in the luxury$$ ipo market......

This post has been edited by IPO ADDICT: Jan 28 2023, 07:58 AM

Kitacon only 70cents wait for next week it will go down further 🤦‍♀️

Why bother ipo when I make better money buying Tesla and holding for better gains 🤦‍♀️ Butsa only for suckers who get trapped by whales

Kitacon is getting active lately...in GREEEEN again
To hit RM 1.00 very soon

BTW this VESTLAND IPO is damn cheap , so easy to GOLENGG one.
The cheaper the IPO , the easier to GOLENGG like that cheap snack/peanut IPO Golengg liao to more than 200 %
ttu
VESTLAND.. .the black market price now around 50 sen
69 sen the TP

Hmmm our fren xander now another sour grape ..in addition to Batu Cave Boy

No sour grape 🤦‍♀️

Wait till you get burn big time playing poker with the big boys 👏

Hmmm....don't be Pond*n
OR better Retired from the stock market n Grab Old fashioned Grandma Bank FD / Fixed Deposit for a NEVER FAILED PEANUT 3 % after 365 days @ 1 year

This post has been edited by IPO ADDICT: Jan 29 2023, 12:46 PM

Ohhhh oooohhhhh charm leow
market gostan oreli
apa macam, no hope jor

gostan..??? where?? tomorrow HUAT day for VESTLAND!!!

JACKPOT $$$$$ DAY....Tuesday Jan 31 , 2023

Huat Chaiii $$$$$

Yes market will flip tomorrow 👏

Wait till you get burned 👏

Hmmm....don't be Pond*n
OR better Retired from the stock market n Grab Old fashioned Grandma Bank FD / Fixed Deposit for a NEVER FAILED PEANUT 3 % after 365 days @ 1 year

Hmmm our fren xander now another sour grape ..in addition to Batu Cave Boy

This post has been edited by IPO ADDICT: Jan 30 2023, 11:40 PM

What sour grape 🤦‍♀️ I earn more outside of Bursa than playing in kids market in Bursa 🤦‍♀️

So far all your TP is out very big time 🫤

OTHERS VESTLAND BERHAD ("VESTLAND" OR "THE COMPANY") - LETTER OF AWARD FROM RIMBUN MERDU SDN BHD ("RMSB") TO VESTLAND RESOURCES SDN BHD ("VRSB"), A WHOLLY OWNED SUBSIDIARY OF THE COMPANY
VESTLAND BERHAD

Type Announcement
Subject OTHERS
Description VESTLAND BERHAD ("VESTLAND" OR "THE COMPANY") - LETTER OF AWARD FROM RIMBUN MERDU SDN BHD ("RMSB") TO VESTLAND RESOURCES SDN BHD ("VRSB"), A WHOLLY OWNED SUBSIDIARY OF THE COMPANY
The Board of Directors of Vestland is pleased to announce that the Company’s wholly-owned subsidiary, VRSB, had on 30 January 2023 accepted a Letter of Award from RMSB to undertake the main building and associated works for one (1) block of thirty-three (33)-storey service apartment and related facilities located at Lot 20077 (original Lot 1341), Seksyen 41, Jalan Dewan Sultan Sulaiman 1, Mukim Bandar Kuala Lumpur, Wilayah Persekutuan (“Contract”) for a Contract sum of RM63,147,913.50.

Wahhh huat ah.. I queue buy 40c...dunno got chance or not..

ATTAACCKKKKKKKKKKKKK $$$$$$

looks like can get below 40c...mari mari...

41sen can buy kfc

yay yay sudah dapat 38c...

sold 43c...manyak takut oh...

high 46.5sen.

Very good 👏

Game is over will drop further to below 0.38 now

Many on jolly mode today....thanks to Construction $$ Vestland $$
Those grandma old fashioned mentality scared on construction sector bang head on the wall 5X

Hmmm.....pay the price of scared of construction sector
BTW ..post CNY Jolly $$$....thanks to construction vestland

Wait Thurs for massive sell off 🤦‍♀️

Who Cares....!
Already JOLLY with the Given Charity @ Jackpot $$$$$
Thanks Property / Construction Vestland for that $$

This post has been edited by IPO ADDICT: Feb 1 2023, 04:13 PM

i think most got from IPO already sell.
as long as opening got profit enough...