Well Chip is an investment holding company and through its subsidiaries (collectively, the "Group"), the Group is principally involved in the provision of pawnbroking services and, retail and trading of jewellery and gold.

IPO of 150,000,000 new ordinary shares in Well Chip ("Shares") in conjunction with the listing of Well Chip on the Main Market of Bursa Malaysia comprising:

30,000,000 new Shares made available for application by the Malaysian public;

45,000,000 new Shares by way of private placement to institutional selected investors; and

75,000,000 new Shares by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry.

Another pawn shop operator seeks Bursa Malaysia listing

Johor-based Well Chip Group is the second pawnbroker to seek a listing in less than three months.

Well Chip Group, which has 26 outlets in Johor, is seeking to raise funds via an IPO to expand operations to Melaka and Negeri Sembilan.

The emergence of pawnbrokers raising funds on local stock markets highlights the trend of Malaysians increasingly turning to pawn shops as the cost of living crisis dents household budgets.

https://www.freemalaysiatoday.com/category/...laysia-listing/

This post has been edited by IPO ADDICT: Jun 10 2024, 04:30 PM

Price rm1.15 😑

PPJACK now explode to RM 1.00 ++.....

this well chip is much better than the old ppjack

Trading of GOLD $$: & other jewelry too

This post has been edited by IPO ADDICT: Jun 11 2024, 12:48 AM

hope can share the FV if available.TQ

Why they call themselves Well Chip ? It makes me think that their business is the chip business ... ai ya.... who is confused ? me or them ?



This post has been edited by Yipeegee: Jun 22 2024, 10:51 PM

Main Market-bound Well Chip expects rising gold prices to boost lending
By Hee En Qi / theedgemalaysia.com

KUALA LUMPUR (June 26): Well Chip Group Bhd, the first pawnbroker en route to the Main Market of Bursa Malaysia, expects rising gold prices to boost its ability to lend more to its customers.

The company’s loan size is determined by the value of the collateral and more than 90% of its collateral from its customers is gold, said Well Chip’s non-executive director Yeah Chia Kai. That would allow the company to collect a higher amount of interest from its creditors, he noted.

.....

PEACE 0-0 including sour grapes@report kaki .....

This post has been edited by IPO ADDICT: Jun 26 2024, 09:26 PM

Ai ya, u again !!

Revenue segment

1. Pawnbroking services
- Interest income: 35.8%
- Administrative fees: 0.1%

2. Retail and trading of jewellery and gold
- Retail sales of jewellery and gold : 10.6%
- Sales of scrap gold: 53.5%

## Gold made a record ALL TIME HIGH last month MAY 2024 >> USD 2,450

*** A very high grow return opportunities.

This post has been edited by IPO ADDICT: Jun 26 2024, 09:37 PM

Lolz...

Alive again...

Welcome back 😁

fuyoh out from jail jor
terus mali sini
how is jail life, makan nasi lemak

BTW....

be focus on this PROMISING GOLD related IPO....WELL CHIP

Huatt Chaii $$$$$...

This post has been edited by IPO ADDICT: Jun 26 2024, 11:12 PM

looks a bit tight

NO lahhh....analyze critically - it's cheap & PROMISINGG $$$$$ :

This post has been edited by IPO ADDICT: Jul 2 2024, 10:49 AM

PROMISING WELL CHIP ...$$$$$

INFACT much better than PPJACK

under value - should be RM 1.80 to RM 2.30 Well Chip IPO

According to its prospectus, with its IPO price at RM1.15 per share, the counter has a price-earnings (P/E) multiple of 19.54 times, based on earnings per share (EPS) of 5.89 sen or net profit of RM35.32 million for the financial year ended on Dec 31, 2023 (FY2023).

For comparison, industry peer Pappajack Bhd (KL:PPJACK) is trading at a P/E multiple of 35.4 times, based on EPS of 2.80 sen for FY2023. Meanwhile, Evergreen Max Cash Capital Bhd (KL:EMCC) is trading at a P/E multiple of 25.2 times, based on EPS of 1.71 sen for FY2023.

Well Chip intends to recommend and distribute dividends of at least 35% of its consolidated profit after tax attributed to its shareholders for the first three financial years after its listing.

This post has been edited by IPO ADDICT: Jun 30 2024, 05:11 PM

Ai.... you got apply or not... dun just say say.... do do

SuRE ONE , my fren .

this is a GOLDEN OPPORTUNITY to strike very easy Jackpot $$$$$ .

After all - better listen to the world famous stock investor >. Warren Buffett ...that tagline

" BE GREEEEEEEDY when others are SHIVERINGGG "

This post has been edited by IPO ADDICT: Jun 30 2024, 11:19 PM

Hello everyone,

Any FV available for this stock? thanks

PERGHHHH......

INTER PACIFIC FV RM 1.88....

According to its prospectus, with its IPO price at RM1.15 per share, the counter has a price-earnings (P/E) multiple of 19.54 times, based on earnings per share (EPS) of 5.89 sen or net profit of RM35.32 million for the financial year ended on Dec 31, 2023 (FY2023).

For comparison, industry peer Pappajack Bhd (KL:PPJACK) is trading at a P/E multiple of 35.4 times, based on EPS of 2.80 sen for FY2023. Meanwhile, Evergreen Max Cash Capital Bhd (KL:EMCC) is trading at a P/E multiple of 25.2 times, based on EPS of 1.71 sen for FY2023.

Well Chip intends to recommend and distribute dividends of at least 35% of its consolidated profit after tax attributed to its shareholders for the first three financial years after its listing.

This post has been edited by IPO ADDICT: Jul 5 2024, 09:42 AM