KUALA LUMPUR (Jan 5): ACE-Market bound building support services provider KJTS Group Bhd has set its initial public offering (IPO) price at 27 sen per share, aiming to raise about RM58.9 million under the listing exercise.

Based on the IPO price of 27 sen per share, KJTS is expected to have a market capitalisation of RM185.76 million upon listing, implying a valuation of 26 times its profit after tax (PAT) attributed to owners of the company of approximately RM6.87 million and earnings per share of one sen for the financial year ended Dec 31, 2022 (FYE2022).

At its prospectus launch on Friday, KJTS said the IPO will involve the issuance of 218.03 million new ordinary shares, representing 31.69% of the enlarged share capital.

Out of these, 168.63 million shares or 24.51% are allocated to institutional and selected investors, while the remaining 49.4 million shares or 7.18% are for retail offering.

The retail offering, meanwhile, consists of 34.4 million new shares or 5% for the Malaysian public via balloting, and 15 million new shares or 2.18% for the eligible directors, key senior management, employees and persons who have contributed to the success of KJTS and its subsidiaries.

KJTS and its subsidiaries are principally a provider of building support services focusing on providing cooling energy, cleaning and facilities management (FM) services.

For FYE2022, KJTS registered RM7.16 million PAT, up 19.73% from RM5.98 million PAT recorded in FYE2021, as revenue rose 10.78% to RM94.44 million from RM85.25 million.

KJTS intends to distribute an annual dividend of 20% of its PAT attributable to its shareholders.

Applications for the IPO are open and will close at 5pm on Jan 11. Hong Leong Investment Bank Bhd is the principal adviser, sponsor, sole underwriter and sole bookrunner for the IPO exercise.





This post has been edited by ronnie: Jan 5 2024, 02:38 PM

Potential to fly high

Ichipo blogspot in red quadrant - risky/dangerous
P/E very high ( PE 26)
low PAT below 10 %

Over value IPO
can get cheaper ( RED opening ) when opening - start trading

This post has been edited by IPO ADDICT: Jan 7 2024, 02:07 PM

Waiting for cap ayam analyst TP first 🤪

Then only nske decisions

PAT increased by 19.7% and revenue increased by 10.7% for year ended 2023

Good indicators...

company looking forward to venture into semiconductor cooling business
potential a Buy buy buy signal ?

an increase in PAT beofre IPO is sign...

Pls share TP..waiting for TP

Can someone help to clarify what is the difference of being listed on ACE market vs Main Bursa market?

Are there any disadvantages to investors who buy shares listed on ACE market?

https://theedgemalaysia.com/article/ace-mar...gulatory-regime

ACE Market can goreng more...

Smaller share base... Can manipulate deeper...

Main market bigger... Hard to move in big ways...
Share base bigger too... Also the price higher...

Most promising ipo for jan 2024 as of now

No miti

Potentially to grow to green energy sector (solar pv) like KAB, UEM, WIDAD

#tayor #fomo

Closing on 11 jan 2024

No tp yet so far

As usual, qr before listing. Looking good.



#tayor

applying?

impossible to show bad QR, right ? unless the IPO love to tank on opening

As the IBs have headache to give their take, reviews & TP for this IPO 🤪

TA open fv is 29c

very dangerous & risky peanut 2 sen

29c TP??

Not much meat yo...

So basically they saying the IPO pricing already near full valuations... Not much upside....

Actually what's so important about their tp ? Never accurate anyhow

I know them personally , and thus wont touch.

Please share more 🙏

lovely...pls share more

thanks for the hidden info

This post has been edited by IPO ADDICT: Jan 10 2024, 12:46 PM

TICKET HIT 4000 oreli
ha ha ha ha ha ha ha ha

akidos

sharing is caring

what's cooking behind.... until you don't want to touch

Hi

Ticket no hit 6800 already

Aside from the common HVAC contruction, they heavily invest in EPC , where they commit to meeting certain efficiency , within certain time , and the savings shared between them and the client . Anyway, the values and analysis are done often based on " estimation " and recently their price have been quite competitive . The moment they failed to address the performance , good game. Those who ends up eating the losses will be the investors .

ooh like that..

thanks for sharing details

Seem very promising

That how ESCO company works.

They already inflated the estimation for energy & cost saving.

With the coming EECA to be gazetted, its going to be game changer for ESCO company.

No miti
Energy theme
low price

#tayor #fomo

buy sikit

So you're saying it's good company huh?

Buy Buy Buy mode all the way???

applied .... all the best

Pls share ticket no

Using cgs itrade
No ticket no display

Last day to apply

Really crossroads want to apply or skip...

Getting mix feedback on the company & the IPO 🤔🧐

ini bohong, just apply, ticket only less than 3.9k

nice call out

In one bank, the number could be 6800. In another bank, the number could be 3900.

I P O = I ts P robably O verpriced

Rosd to 5k before closing

Like that one huh??

Not given by issuing house?
I mean the reference number...

This my thinking from start...
Because it's all ended up there....

which bank you referring to ?

Mari mari 2 more hours . Ang pau for cny

CIMB App Ref No. 985XX

Maybank ref. no. 54XX

FV
TA RM0.29
RHB RM0.29

#tayor

from previous2 IPO, the reference number tally with the oversub given by issuing house, i presume all the bank shall use ref number given by issuing house, i think only M2u given the correct ref number, the rest bank i think not shown the ref number. i think that guy giving ref number this morning 6800 is not correct of just main2..not sure..

Go luck to all those apply, i skip, still fever from CPE tech not recover yet.

This post has been edited by tomjason: Jan 11 2024, 03:42 PM

I guess so..

see CIMB ref number..

already 98k?

mcm tak logic lorh...

unless.. skip that first digit...

then it's 8k+

almost near to Maybank

mbb ref no given by issuing house, is correct all the while, unless change after 2024.

current no around 5.8k, move up fast

this number irrelevant it seems.

I am not sure too. Just report as i applied that time.

CIMB number all start with 9. I just checked my previous application.

2 sen popit.

FV
TA RM0.29
RHB RM0.29
APEX RM0.33

9 minutes to go.

#tayor

HURRYYYY. UPPPPPP

1 MORE MINUTE

I think they follow the bank and bumi and non bumi also ...the ticket no will almost tally

Hmm..

Logical point too...

Since application is split between Bumi & Public retail portions 🙏

Ballot result out

31X oversubcribed. Not as high as expected.

....

Table

This post has been edited by kb2005: Jan 16 2024, 04:54 PM


Attached thumbnail(s)

https://www.tiih.com.my/content/press_relea...ressRelease.pdf

https://www.tiih.com.my/content/press_relea...isAllotment.pdf

successful percentage is higher than average
I see 20% & above

good luck

CIMB result out 4pm.

dont expect durian runtuh on opening day

if under reserved list , how soon can know the final result ?

Can't because CIMB result out 4pm not give to me

Maybank?

cimb
just check with my remisier , it can took upto 10 days

My last reserved with CIMB only knew the final result 2 days before listing. My fund stucked there so long. You can imagine that! I told CIMB, make it clear. Not allotted just put not allotted don't give me false hope!

exactly .
Now I am gonna miss the boat with the remaining IPO as my fund stucked !

Thanks GOD >> NO MITI offered

so Potential RM 1.00 ++

This post has been edited by IPO ADDICT: Jan 16 2024, 07:21 PM

Rimau unsuccessful

All the best to shareholders

#tayor

i got few lots... hopefully dream come true...

wah...tis time maybank super fast
result out oreli no nid wait till 2morrow night
ini macam baru steady mah

Wow got some lots. Hopefully can earn some

Congratulations 👏🎉

Both account strike, wish me some luck, no more cpetech

This post has been edited by tnang: Jan 17 2024, 02:27 PM

if use cimb-cgs eipo, any idea how long will refund ?

1pm already received if paying using cimb account

No luck for this IPO 😔

fuyoh Friday listing, possible start bomb
at 0.38cts, ini gem cantik

Hopefully IPO commemorate the victory of Hindu god Murugan

Just after Holidays...
And listings on Friday....

Doubtful would be excellent opening

DRAGON YEAR IPO

60 SEN ++ NO PROBLEM

Hoping for the best Listing is tomorrow guys!

goodluck

ROARINGG DRAGON CNY

+ NO MITI

70 SEN NO SWEAT today closing

tp 38,hope for good opening