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IPO: KTI LANDMARK
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TSHalibut
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 May 17 2024, 08:04 PM, updated 2y ago
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Sabah-based property developer KTI Landmark Berhad signed an Underwriting Agreement with M & A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities. The initial public offering comprises a Public Issue of 160.0 million new shares and an offer for sale of 45.0 million existing shares, representing 20.0% and 5.6% of the enlarged share capital of KTI respectively. The remaining 80.0 million new shares will be placed out to Bumiputera investors approved by the Ministry of International Trade and Industry (βMITIβ). As for the offer for sale portion, 20.0 million shares are reserved for private placement to Bumiputera investors approved by the MITI while the remaining 25.0 million shares will be allocated by way of private placement to selected investors.  |
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earshore
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May 20 2024, 12:36 AM
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QUOTE(Halibut @ May 17 2024, 08:04 PM) Sabah-based property developer KTI Landmark Berhad signed an Underwriting Agreement with M & A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities. The initial public offering comprises a Public Issue of 160.0 million new shares and an offer for sale of 45.0 million existing shares, representing 20.0% and 5.6% of the enlarged share capital of KTI respectively. The remaining 80.0 million new shares will be placed out to Bumiputera investors approved by the Ministry of International Trade and Industry (βMITIβ). As for the offer for sale portion, 20.0 million shares are reserved for private placement to Bumiputera investors approved by the MITI while the remaining 25.0 million shares will be allocated by way of private placement to selected investors.  hmm property developer |
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brokenbomb
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May 20 2024, 08:25 AM
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mo ka tidak support company sabah ni ah
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navi88
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May 21 2024, 11:38 AM
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New Member
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sadukarzz
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May 21 2024, 11:42 AM
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QUOTE(navi88 @ May 21 2024, 11:38 AM) Recently passed by this area, seems like the progress is going well, probably around that 40% mark as per the document. Anyone looked into their financials? |
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navi88
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May 21 2024, 11:45 AM
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New Member
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Completed 40% but only sold 30%.... using own money to build already. Astoria only sold 3%.
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sadukarzz
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May 21 2024, 11:47 AM
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QUOTE(navi88 @ May 21 2024, 11:45 AM) Completed 40% but only sold 30%.... using own money to build already. Astoria only sold 3%. That is the part where I find intriguing. Not many developers willing to use their own money unless they have tonnes of it. |
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TSHalibut
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May 21 2024, 12:57 PM
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piglover
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May 21 2024, 01:17 PM
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Bought d. Hopefully can get  |
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IPO ADDICT
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May 21 2024, 02:28 PM
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QUOTE(navi88 @ May 21 2024, 11:45 AM) Completed 40% but only sold 30%.... using own money to build already. Astoria only sold 3%.   |
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piglover
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May 21 2024, 03:10 PM
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QUOTE(IPO ADDICT @ May 21 2024, 02:28 PM) How about this ipo? Goleng? ππ |
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nexona88
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May 21 2024, 05:44 PM
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QUOTE(piglover @ May 21 2024, 01:17 PM) Bought d. Hopefully can get So fast... Anyway Only 29 people applied so far... Including yours π |
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piglover
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May 21 2024, 06:21 PM
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QUOTE(nexona88 @ May 21 2024, 05:44 PM) So fast... Anyway Only 29 people applied so far... Including yours π Ur feytech untung lo today... ππ Ya.. try la..invest small small only |
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TSHalibut
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May 21 2024, 06:31 PM
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Radium PAT big2 also cannot sustained. Not sure shares too big or price too expensive
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Spunky
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May 22 2024, 09:20 AM
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Getting Started
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QUOTE(Halibut @ May 21 2024, 06:31 PM) Radium PAT big2 also cannot sustained. Not sure shares too big or price too expensive Yup. Radium listed at a PE of 17.1x, fell 25% upon 1st day of listing and until now haven't recovered to IPO price. Skyworld tried listing at 8x PE, also never see daylight until now. KTI wants to list at 17.3x based on market cap of 240mil and PAT of 13.8m, feels like stretching it. Other big boys like Sime Prop only at 15x PE, what makes this small cap developer so special? |
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IPO ADDICT
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May 22 2024, 01:33 PM
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QUOTE(piglover @ May 21 2024, 03:10 PM) How about this ipo? Goleng? ππ BTW Remember ... ? Warren BUFFETT >> BE GREEEEEEDY when others are SHIVERINGG >> $$$$$   This post has been edited by IPO ADDICT: May 22 2024, 01:35 PM |
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TSHalibut
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May 22 2024, 01:46 PM
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QUOTE(IPO ADDICT @ May 22 2024, 01:33 PM) BTW Remember ... ? Warren BUFFETT >> BE GREEEEEEDY when others are SHIVERINGG >> $$$$$ :thumbsup: Coming from you warren buffet becomes warren bullock |
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ju146
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May 22 2024, 02:03 PM
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construction developer IPO, never for me.
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piglover
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May 22 2024, 09:40 PM
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QUOTE(ju146 @ May 22 2024, 02:03 PM) construction developer IPO, never for me. Why ah? Any reason? |
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IPO ADDICT
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May 23 2024, 06:06 AM
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QUOTE(Halibut @ May 22 2024, 01:46 PM) Coming from you warren buffet becomes warren bullock thanks for the much needed - timely JOKE .... After all - LAUGHTER is the BEST MEDICINE This post has been edited by IPO ADDICT: May 23 2024, 06:09 AM |
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