no FV so far?

Thanks for sharing,

But this doesn't mean anything, it could be just umbrella contract, there is no value for those contracts at the same time.

Maybe out of topic, but worth a read to understand the reason behind transferring from LEAP to ACE market, and just a few co success on such transfer.

https://theedgemalaysia.com/node/713237

Both Cosmos and TT Vision have seen their share prices perform after transferring to the ACE Market.

Up to May 24, Cosmos’ share price had gained 41% since its IPO on the ACE Market back in October 2022, while TT Vision’s counter surged 250% from its IPO on Jan 18, 2023.

Basically

Those "graduating" from LEAP to Ace Market... theirs shares price up up up away lorh 🔥💪

steel bird mari

M+ = 0.39

Good TP

The way they derived the FV seems a bit weird.
Market average PE 15.9 Macam mainly contributed by Reservoir Link?

Walao...

The TP/FV given 🔥💪

Mercuhry under value on Speedmart....that's why FV RM 1.99

In prospectus the highest PE of peers is Ocean Vantage, leader firm Uzma 10.05, the rest all below 10 actually

https://disclosure.bursamalaysia.com/FileAc..._DS_ATTACHMENTS

Page 51

Try to checkout the report from Mplus. They taken RL (PE70++) into consideration when deriving the FV. That's why the FV become 39cents.

This post has been edited by ThEoN86: Aug 22 2024, 09:50 AM

We estimate a fair value of RM0.39, representing an upside of 160.0% against theIPO price of RM0.15 for Steel Hawk. The fair value is derived by pegging a P/E ratioof 15x to the FY25f EPS of 2.59 sen, which we believe is justified with the averageP/E ratio of 15.9x of the Bloomberg GICS Industry – Energy Equipment and Services sector


not sure where to find the cos within the Bloomberg sector

You can get the complete report here :
https://mplusonline.com/research-report/detail/519

A screenshot for your ease

Good TP. Ditching 99. All in for the hawk. Fly high!

The prospectus's PE is based on FYE2023, whereas Bloomberg's PE shown in Mplus is dated on 21-Aug-2024 (L4Q).

You might find it much useful in below link:
https://www.isaham.my/sector/energy-infrast...ipment-services

This post has been edited by skymade: Aug 22 2024, 10:55 AM

Status: Successful
Transaction Date: 22 Aug 2024 11:22:38
Share Issue No : M0773
Issuing House : TIIH
Share Name : STEEL HAWK BERHAD
Unit Price : RM0.15
IPO Reference Number : 0007482

this time 20k++ ..kompom

Around 7k ++ only

I'm disappointed with the numbers

99SM overvalued IPO also higher numbers....