Never been inside....

1.21 seems kinda expensive for an ECO shop...

will it work this time?

Based on Eco-Shop’s planned debut on the Main Market of Bursa Malaysia at an offer price of RM 1.21 per share (slated for May 23, 2025), here’s a reasoned projection:
1. Comparable IPO first-day “pop.”
– 99 Speed Mart, a similar discount-retail chain, opened at RM 1.85—about a 12 percent premium over its RM 1.65 IPO price—when it listed in September 2024  .
– More broadly, Malaysian IPOs this year have averaged first-day gains of around 7 percent .
2. Predicted opening range.
– 7 percent gain on RM 1.21 → RM 1.30
– 12 percent gain on RM 1.21 → RM 1.36
A midpoint of these (≈9–10 percent) suggests an opening price around RM 1.32–1.34.
3. Is RM 1.21 “reasonable”?
– Eco-Shop’s implied pro-forma price/earnings ratio at RM 1.21 is roughly 39× 2024 earnings .
– By contrast, 99 Speed Mart listed at about 25× 2024 earnings .
– A higher multiple (39× vs. 25×) indicates that Eco-Shop is entering the market at a premium valuation relative to its closest peer—suggesting the IPO price is aggressive, assuming similar growth profiles.
4. Bottom line.
• Opening‐price forecast: RM 1.32–1.34 per share.
• Valuation comment: RM 1.21 is on the high side—Eco-Shop is pricing at a materially richer P/E than 99 Speed Mart. Investors should look for strong execution (store expansion, same-store sales growth) to justify that premium.

Keep an eye on trading momentum in the first hour: if demand mirrors past “dollar-store” listings, you could well see a 10–12 percent opening pop; if sentiment is more muted, gains may be closer to the market average of 7 percent.

Got some

But recent IPOs perform quite badly 🤔 wondering if Eco can reverse this trend

Got any TP out ? Share some
This can buy?

Not yet, you can check for amoi review of ECO SHOP IPO (Click here)

High likely EPF to join like previous ipo - 99speedmart, MrDiy, CTOS.

#tayor

High profile listings

Sure local institution funds like EPF, PNB, those insurance companies join as investors 💪🔥

This post has been edited by nexona88: May 2 2025, 03:33 PM

heavy investment wor

takut nanti listing discount 10 cts

ham chin pang pon habis

Don't WOLI.....even today gravely undersubscribed IPO open GREEEEEN

what's more & so special about this IPO ..?

this is a BILLIONAIRE MAN IPO ECO SHOP...



the last BILLIONAIRE MAN IPO was SPEED 99 >> performed

BTW ..if want worry free - 3 % guaranteed peanut..there is a BANK FD@FIXED DEPOSIT 3 % after 365 days

This post has been edited by IPO ADDICT: May 5 2025, 01:29 PM

High profile listings for the year...

Might move positive side, but don't hope for big upwards movement.... It's size...

so far any TP?

I give 1.25.😁

Will buy below IPO price.

Ok can buy, taruh all in

reasonable but nothing fantastic.

JOLLY PARTY IS COMINGG

Redemption time.

MrDiy current rating = BuyBuyBuy. Even EPF chip in more shares.

RM1.21 is cheaper than MrDiy & 99speedmarts with more upside possibilities.

RM0.20 more income per product from April 2025. Last time they increase in RM0.20 in June 2022 profit rocketed.

#tayor

people don't care peanut 20 sen increase....nothing

to ECO SHOP is a GENIUS tactical

Ya peanut only , still good business everyday.
Like costco to me 😁