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 IPO: Minox International Group Berhad

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privatequity
post Sep 27 2023, 09:36 PM

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Definitely worth applying to the max.

Super good margin, Profit margin at 20%. High growth company, customers are in F&B, pharmaceutical and semiconductor. All are fast growing sector esp semiconductor.

market cap at 90m. profit after tax at 10.3m. PE at 8x only. IPO price rm0.25. Easily double at opening.
privatequity
post Sep 28 2023, 09:22 PM

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QUOTE(nexona88 @ Sep 28 2023, 06:41 PM)
how high can we expect to fly?

hmm.gif  icon_question.gif
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i think will double at least. 70% sales from export, not only focus on local. cheap valuation, cheap market cap 90m.

didn't come across any companies in Bursa with 20% profit after tax margin with less than PER 20x. MINOX IPO at PER 8x only, if double, only 16x.
privatequity
post Sep 29 2023, 01:35 PM

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QUOTE(IPO ADDICT @ Sep 29 2023, 12:35 PM)
ICHIPO  BLOGSPOT  edi THROWWW COLD WATER By putting in the RED QUADRANT ( DANGEROUS ZONE ,).....Meaning very high risk ....most likely to be BURNT TO DEAD RAT blink.gif  bangwall.gif  mega_shok.gif
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good. hope less people apply then can have higher chance to get!
privatequity
post Sep 29 2023, 06:49 PM

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QUOTE(xander2k8 @ Sep 29 2023, 03:12 PM)
If he skip 🤦‍♀️ the more you should go in 👏 as it is already proven his prediction is dead wrong and always on the opposite end 🤦‍♀️
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haha. everyone please skip. Let me one person apply enough. tongue.gif
privatequity
post Oct 2 2023, 02:26 PM

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at least 100% in opening. lol. IPO ADDICT pls spread to other forum ask people not to apply. So we have higher chance here.
privatequity
post Oct 3 2023, 11:11 AM

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70% sales from overseas (not only focus on MY), customers are in F&B, pharma and semiconductor (recession proof and fast growing sector), ROE 20%+, profit after tax margin 20%+, PE 8x. I think double at least in the first day.

Hope less people know about its potential, so we all here have higher chance to get this IPO.

This post has been edited by privatequity: Oct 3 2023, 05:02 PM
privatequity
post Oct 3 2023, 01:34 PM

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QUOTE(tomjason @ Oct 3 2023, 01:30 PM)
done applied..reference number 8100++ already.Hope to get the ipo.
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usually reference number is how many?

This post has been edited by privatequity: Oct 3 2023, 01:35 PM
privatequity
post Oct 3 2023, 01:53 PM

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QUOTE(tomjason @ Oct 3 2023, 01:47 PM)
it depend on how many people apply..no limit
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i see, usually on average how many ppl apply?
privatequity
post Oct 3 2023, 02:07 PM

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QUOTE(tomjason @ Oct 3 2023, 02:01 PM)
normally 8K is already oversub double digit..the example high sub Edelteq ipo about more 35K people applied..became oversub 152 times...

you applied 10 Mil minox..sure get one..Good luck.
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TQ. Hope all of us get. This IPO will be a superstar.
privatequity
post Oct 6 2023, 03:32 PM

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the magic number is 143x ya.
privatequity
post Oct 9 2023, 02:48 PM

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QUOTE(IPO ADDICT @ Oct 9 2023, 02:30 PM)
hmmm.... blink.gif  got to do some  serious revision  biggrin.gif  TP on this MINOX ?

another  WONDER  rclxm9.gif  like  GLOSTREXT  ?
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100% at least brother. 4th highest subscription IPO this year.

privatequity
post Oct 11 2023, 10:50 AM

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QUOTE(IPO ADDICT @ Oct 11 2023, 06:51 AM)
blink.gif

Minox Releases 1H Financials As It Prepares For Listing On 17 October
Listing bound, Minox International Group Berhad released its financial results for the first half, recording a revenue of RM26.1 million with a gross profit of RM14 million, a remarkable close to 53% profit margin for 1H.

The bulk of sales in fact 92.7% was derived from customers in the food and beverage industry with the balance from the pharmaceutical and semiconductor sectors. Domestic sales contributed 26.2% while export sales constituted 73.8% of turnover with Indonesia being the largest contributor at 41.1%, followed by Singapore (20.8%), Thailand (7.5%), and others.

blink.gif  rclxm9.gif
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Very very impressive result.

latest quarterly profit after tax 3.3m.
estimated annual profit = 3.3m x 4 = 13.2m profit after tax (assume no growth)

Market cap at IPO at 90m. PE = 90m/13.2m = PER 6.8x (average peers PER 20x+)

No-brainer BUY. Find one stock with F&B/semiconductor exposure, and PAT margin above 20%, ROE above 20%, which traded below PER 20x. Hardly come across.

Opening up 200% no brainer?

 

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