Jati Tinggi Group Berhad (0292) infrastructure utilities engineering services provider, is making its lPO debut on the ACE Market of Bursa Malaysia today.

Oversubscribed by 16.11x at an IPO price of RM0.27 with a market capitalisation of RM106 million.

It is raising RM18 million from this listing exercise for capex, working capital and repay bank borrowings.

Jati Tinggi Managing Director, Dato' Seri Lim Yeong Seong, expressed confidence that the IPO will significantly contribute to the company's operational excellence and its ability to undertake larger future projects.

It reported a net profit of RM1.41 million and RM33.05 million in revenue for Q3FY23.

Public Investment Bank and Rakuten Trade have given a target price of RM0.35 and RM0.38

There will always be trading opportunities on listing day.

- Rakuten

#tayor

EARLY BIRDS
ATTACCKKKKKKKKKKKKKKKKKKKKKKKKK !

Solid worms waiting....

TNB / govt contracts worth $$$$ for Jati Tinggi

TP 50,

TP 30

Now 0.325

Good ipo...congrats guys

Now ath 505, dont miss the boat. soaring since yesterday due to tnb award.

#tayor

here we go again...