TT Vision Holdings Bhd, en route for a listing on the Bursa Malaysia ACE Market on Jan 18, 2023, aims to raise RM 28.7 million from its initial public offering (IPO).

The company, which is principally involved in the development and manufacturing of machine vision equipment, is offering 84.5 million new shares at an issue price of 34 sen per share.

Company Name TT VISION HOLDINGS BERHAD
Stock Name TTVHB
Date Announced 29 Dec 2022
Category Timetable for IPO
Reference Number IO1-28122022-00001
Opening of application 29 Dec 2022
Closing of application 06 Jan 2023
Balloting of application 10 Jan 2023
Allotment of IPO shares to successful applicants 17 Jan 2023
Tentative listing date 18 Jan 2023

This TT no one interested, could be another cosmo type.

still early..people apply other IPO 1st

Based on its enlarged issued capital of 468 million shares and the IPO price of 34 sen per share, TT Vision will have a market capitalisation of RM159.12mil upon listing.

Khazanah, via its wholly-owned subsidiary Malaysian Technology Development Corp Bhd, will own 23.47% in TT Vision post-IPO.

KAF Investment Bank Bhd is the principal adviser, sponsor, sole underwriter and sole placement agent for the listing exercise.

Still got time to think over...

Got Khaxanah backing too...
With one plus point 👏

Look for listing price, future earnings and growth as this company looks promising

Will need study further on capabilities

so no tp at the moment
I thk 42 cts is realistic
apa macam, boleh hoot or not

saya mau hoot 20 biji saja
ada beli ada harapan

This post has been edited by pileepalah: Dec 31 2022, 07:19 PM

How come,so low.Ingat besi burok punya co ke!
Sekurang kurang nya up 10 sen ada lah.Baru ada shiok.

Jgn shiok..sendiri..senheng still remember

What happened?

i past this IPO

Why do you want to pass? ...good bussiness and shares to miss.

can we compare this stock to sen heng stock?

This post has been edited by Eujing: Jan 1 2023, 09:51 PM

Cos they use ipo fund to pay for their dept 20.8%. they don't have long term fix business partners.

Not even close 🤦‍♀️

aggressive PAT climb for the past 3 years, manufacture components for solar sector (healthy and growing in demand)...nearly 30% for R&D and marketing, quite good IPO what

lol. please see Mr DIY IPO proceeds utilisation and you may reconsider your option.

not trying to be sure angpao but this is an upbeat, not to be missed.

gonna apply some.

Second IPO to be listed this year.Just look at L&P global ipo,just packaging can fetched really good profit
closing 51 sen from 30 sen. So what to expect,a tech co on semiconductors and solar. I am positive,it will give good premium on listing on 18 jan.
So apply KAW KAW.

Tak dapat nationgate
Time to hook 9 this counter

Huat ar !!!!

Hi how do you know you weren't allotted?
Doesn't it take a few days before the bank refunds?

hoot till ah mah pon kenot regonised

lai lah....dun care ...simply hoot simply untung

Bro allocation are already out
I even got my refund back already
But mine is cimb
Different bank different timing

Any FV out yet for this?

I just checked.. managed to get half of what I applied... Thanks

How come so fast? Thought today is closing? I checked MBB still can purchase wor.

He is talking about Nationgate IPO.I am still waiting fair price for this IPO.
So ,until now ,still no news on target or fair price.Still got time to apply until
4.59pm today.

This post has been edited by abdrahib: Jan 6 2023, 09:43 AM

Do you think TT Vision will be a good buy RM0.34 for IPO ?

Yeah, I still can apply wor..

Applied some

Good luck everyone 👍

Last minute application...

Dateline is 4.59pm 😝🤣

First,look at how many shares are offered for sale.This one,only about 150m shares,price,and then
what buisness.Look for more info on financial info.Finally fair or target price.

Then decide ,to apply or not to apply.

TT Vision Holdings Bhd - Manufacturer of Machine Vision Equipment
PublicInvest
Publish date: Fri, 06 Jan 2023, 09:29 AM

Wholly-owned subsidiaries of TT Vision Holdings Bhd (TTVHB), i.e. TT Vision Technologies S/B (TT Vision) and TT Innovation Centre S/B (TT Innovation), are principally involved in the development and manufacturing of machine vision equipment. Complementarily, TTVHB provides other related products and services that include: i) upgrading works on existing equipment, ii) supply of spare parts for its manufactured equipment, iii) maintenance and repair work on its manufactured equipment, iv) sales of relevant proprietary software product, and v) provision of training services. The group's machine vision equipment is primarily used for the inspection of optoelectronics, solar cells, discrete components and integrated circuits (ICs). TTVHB's customers are mainly manufacturers within the semiconductor industry where most of the group's machine vision equipment are deployed and incorporated along their various manufacturing processes.

Moving forward, apart from carrying out proactive marketing activities by participating in more exhibitions and conferences, TTVHB intends to engage in continuous research and development (R&D) activities to keep abreast with new developments / evolutions in technology, as well as to develop new products and enhance existing equipment with the aim of strengthening its position in the industry. We derive a fair value of RM0.46 based on a c.20x PE multiple to its FY23F EPS of 2.3sen. The IPO is expected to raise approximately RM28.7m from the issuance of 84.5m new shares. Besides utilising 37.2% of the proceeds for working capital requirements, 27.9% and 3.0% of the proceeds are allocated for R&D expenditure and marketing activities, respectively.

Growth drivers. TTVHB’s growth will be driven by: i) continuous R&D activities, ii) development of new products, iii) enhancement of existing equipment, and iv) proactive marketing activities by participating in more exhibitions and conferences.

Competitive strengths. TTVHB’s competitive strengths include: i) having a robust track record as a manufacturer of machine vision equipment, ii) established business relationships with its major customers, iii) having R&D capabilities for product innovation and development, and iv) having experienced management, engineering, production and R&D team.

Catalysts. Key drivers may include: i) evolving technologies (and customers’ needs), ii) growth in electricals and electronics (E&E) sector in Malaysia that is supported by the robust external demand for semiconductor components, iii) growing solar industry in Malaysia with a developed solar industry cluster, and v) continuing government support in Malaysia.

Key risks. Key downside risks, among others, include: i) competition from industry players, ii) reliance on growth and performance of the user industries, iii) dependency on certain major customers, iv) disruption in global supply chain, and v) foreign exchange fluctuation.

Source: PublicInvest Research - 6 Jan 2023

Another 2 hours to closing
Fast fast apply

PETALING JAYA: TA Research has derived a fair value of 60 sen per share for TT Vision Holdings Bhd, which aims to raise RM28.7mil through its listing on the ACE Market of Bursa Malaysia with an issue price of 34 sen per share.

In a report, the research house said the derivation of its fair value, based on price-to-earnings (PE) multiple of 20 times its financial year 2023 (FY23) earnings per share, came after consideration of TT Vision’s growth prospects.

The prospects are backed by the rising adoption of renewable energy including solar photovoltaic systems and energy efficient lighting including light-emitting diode lighting.“For reference, our target PE multiple of 20-times represents a discount of 17% to local peers in the technology space, comprising automated test equipment and automation solutions providers, which trade in the range of 17.5 times to 33.9 times against FY23 earnings per share,” it said.

“Furthermore, we have also taken into account TT Vision’s proven track record and established relationship with multinational companies,” the research house added.

Elaborating on its proven track record, TA Research said TT Vision has an operating history of 20 years as a manufacturer of machine vision equipment.

According to the research house, TT Vision’s equipment caters to the optoelectronics, solar, as well as discrete components and integrated circuit sectors within the semiconductor industry.

“TT Vision’s proven track record has provided the group with the platform to secure potential customers while serving its existing customer base,” it noted.
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On its financial highlights, the research house said TT Vision’s revenue grew at a two-year compounded annual growth rate (CAGR) of 51.3% to RM47.3mil in FY21, driven by increased volumes of machine vision equipment.

“In tandem with the robust revenue growth and accompanying economies of scale, bottom line improved from a net loss of RM4.3mil in FY19 to a net profit of RM8.3mil in FY21.

“In terms of profitability, the uptrend in revenue-led net profit margin to climb from a 20.9% decrease in FY19 to a 17.6% increase in FY21,” it added.

Moving forward, TA Research forecast TT Vision’s revenue and core net profit to grow at a three-year CAGR of 15% and 25% to RM71.8mil and RM16.3mil in FY24 respectively, underpinned by increased volumes of machine vision equipment for optoelectronics, solar cells, and discrete components and integrated circuits.

On near-term earnings visibility, the research house said TT Vision had secured purchase orders of RM20.8mil as at Nov 30, 2022.
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Tags / Keywords:
TTVision , IPO , ACEMarket , fairvalue , PE

Topic:
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public invest fair value 46 sen
TA research fair value 60 sen
! hour more to close.

HURRYYYYY UPPPPP

2 more minutes

How many did apply?

Saya mohon melalui Maybank. No 8942.

APEX fv 54 sen

FV all OK.. see tomorrow blotting.. hope dapat

Looks good especially the TP / FV given by IBs....
But like I said many times... Cannot really trust them 100% 😏

Some give good TP is because it is the rice bowl in getting the listing fee and sales 🤦‍♀️

Only get TP from those who are not involved or even a stake of buying then only can get the actual fair value

Hmm....
True also...
They got involved directly or indirectly...
Whatever gain from the company performance is their $$$...

Valuation / Recommendation

We have a SUBSCRIBE recommendation on TT Vision Holdings Berhad with a target price of RM0.62 based on FY23F EPS of 2.7 sen and a PE of 23.1x in line with its peers’ average. We like the stock for its solid track record and strong R&D capabilities. The target price represents a potential return of 82.4% over the IPO price.
Investment Insights

Strong R&D capabilities. The company recently performed various R&D on new product developments and enhancements to further develop and enhance the features of its machine vision equipment. This enables the company to keep abreast of the latest technological developments and fulfil its customer’s needs.

Moving forward, the company plans to utilise its IPO proceeds to strengthen its R&D initiatives and focus on product development such as the solar wafer sorter with vision inspection and testing capabilities, PL inspection module, equipment with inspection and testing capabilities used in production of solar cells and solar panel TF scanner which will allow the company to maintain its competitiveness in the market. The company’s R&D efforts also resulted in the approval of 2 utility innovation patents of which the duration for both the utility innovation patents are valid up to 2031.

Established business relationship. The company has developed and established a long-term business relationship with some of its major customers namely Customer group A, Maxeon group, Hanwha Malaysia, and Inari Technology Sdn Bhd who have been dealing with the group for approximately 18 years, 9 years, 5 years, and 11 years respectively. The company also recently acquired new major customers such as Dominant Opto and Customer B which will broaden its customer base and increase its profitability going forward.

Experienced management team and solid track record. The company has accumulated a track record of approximately 20 years in the industry, serving a diverse group of customers which are in the optoelectronics, solar cells, discrete components, and IC sectors within the semiconductor industry.

Under the leadership of CEO Goon Koon Yin who is responsible for the Group’s corporate development and has more than 20 years of experience in the semiconductors, electronic manufacturing services and the robotic and solar industry, the company was able to achieve a 3-year revenue CAGR of 51.25% from FY19 to FY21 despite the COVID-19 pandemic in 2020.

Risk factors. (1) Skilled-labour shortages. (2) Dependency on certain major customers. (3) Material supply chain disruption.

Source: Mercury Securities Research - 9 Jan 2023

PIVB fair value 46sen from34 sen IPO price.

Two more days to be listed

good luck guys

A total of 21,796 applications for 2,109,562,900 TTVHB Shares with a value of
RM717.25 million were received from the Malaysian Public for 23,400,000 Public
Issue Shares that were made available for application by the Malaysian Public, which
represents an overall oversubscription rate of 89.15 times.

For the Bumiputera portion, a total of 11,224 applications for 774,546,200 TTVHB
Shares were received which represents an oversubscription rate of 65.20 times.
For the public portion, a total of 10,572 applications for 1,335,016,700 TTVHB Shares
were received which represents an oversubscription rate of 113.10 times


Attached File(s)
 TT_VISION_HOLDINGS_basis_Allotment.pdf ( 38.03k ) Number of downloads: 395

Wow.. very high demand.. too bad I didn't get lucky

When will we know if we are allotted the shares? On maybank it's still saying pending.

Wow 😳
That's super high oversubscribed rate you

Good luck 🤞

slim chance

if dpt maciam strike lottery

might shoot up like rocket yo

tomorrow after 7pm onwards

Thanks Can't wait to find out the result. "fingers crossed"

Let’s say whether day one got selling pressure

If not confirm will 🚀 up 👏

Wah slim chance to get this IPO...

Endless possibilities 😁

Only know would fly or not during listings 🙏

so heavily over subscribe.. lets see the KITACON

coz many IPO punters $$$ are in this IPO.

CIMB result out!

Alliance this morning $$$ already refunded!

cimb just got refunded.

maybank not yet.

Better fundamentals than Kitacon hence oversubscribed boom 🤦‍♀️

Seems very difficult to get 🫤

no luck this time

Mbb unsuccessful..

Seems hard to get this one...

Failed.

Damn. Unsuccessful again

So can fly during listing then?? 😏🤔

Unsuccessful on my application too ... Will definitely buy on opening day..

MBB unsuccessful...

Same. Will try to buy even cannot get this ipo…

MBB succesful this time.

Gud for you bro. How many got? Full allocation?

Congratulations 👏

The only one I know successful 💪

Congrats

How much to buy ? I kecimiao ,small amount can in ?
Like 1-2 k ... Would like to try

Depends on luck...

But more u apply..
More higher chance .


Previous post have the allocation table in pdf file / link...
See that & learn how to get 🙏

Thanks , I go check the pdf dulu.. 😁

No lah.Got 35k units only.Under 2m units allocation

2m × 0.34 = 680 000 capital..Richie rich

Next time..
If possible..

Split your application..
Use wife or children name...

More chance, more shares too...

Doesn’t matter what the amount it is all about balloting gods to decide your allocation 🤦‍♀️

Ohh like that.ok thanks for advise .. waiting for next company list
I gonna put in some small amount 😅

Yes.
Luck also play very major role...

If no lady luck your side..
1mil shares application also would failed

Besides luck, you must also have other qualifications.

anyone still pending in maybank?

Hehehehehe...

I know what u meaning...

Earth Price is advantage...
Since less competition vs Public portions 😎

Apply small amount is also good as when profit taking happens easier to sell 👏

Not Lady Luck but you need to pray to the balloting gods 😂

First time hear about balloting gods 🤪😅🤣

Everything also got gods one 😂

Endless Possibilities in Malaysia

Everything have "gods"....
From contract, careers advancement, etc. 😁

Tomorrow listing...

TP : 170 limit up.

sudah giler...

arghhhhhhhhhhhhhhhhhhh!!!

miss big time!!... bodo la tak dapat this IPO!!

Wow touched the ceiling price. Anyway, I really wanted to buy this morning but then saw the price, forget it.


Congratulations to all who got the allotment.