KUALA LUMPUR (Dec 27): TSA Group Bhd is pricing its shares at 55 sen apiece, seeking to raise some RM42.53 million through an initial public offering (IPO) on Bursa Malaysia’s ACE Market.

At 55 sen per share, the industrial hardware products and stainless steel pipes and metal products manufacturer is expected to have a market capitalisation of RM170.12 million after listing, valuing the company at about 4.23 times its price-earnings multiple — based on a net profit of RM39.85 million for the financial year ended Dec 31, 2022 (FY2022).

At the prospectus launch on Wednesday, the group said RM42.53 million of the proceeds will be raised from the issuance of 77.33 million new shares, representing 25% of its expanded share capital of 309.3 million shares.

Prospectus: https://www.bursamalaysia.com/market_inform...?ann_id=3410529





This post has been edited by ronnie: Jan 22 2024, 09:36 PM

So quiet here
New year mood

Declining revenue n margins for 9 months 23. Quite a sharp drop. Unrealistic to look at 2022 results.

Not interested!

Construction and building materials business..

Only small volumes offered as public issue..only the price a bit high

Any tp ?

stainless steel pipes and metal products manufacturer?

normally these stuff China one very popular... this company can compete with the pricing offered?

Developers / those in need always find cheap cheap one

Majority of fund use to paying debt
I will avoid this company

not a positive sign indeed

Price also quite high..maybe will apply some...try luck

Company in the same industry:-

Pantech
prestar
k.Seng

Hanwa steel centre
Kanzen Tetsu
etc.

any TPs for far??

didn't see any

Perhaps those who subscribed with isaham can share isaham tp/fv.

Silence means avoid?

#tayor

Tomorrow see how 🤔🧐

......
got MITI too...be careful

This post has been edited by IPO ADDICT: Jan 16 2024, 07:27 PM

very quiet ..... potential 100% success rate

TSA FV/TP

TA RM0.63

#tayor

Last day to applied 😁

Can apply some..good Tp in current situation