Principal Activity:

Steel Hawk and its subsidiaries are principally involved in the provision of onshore and offshore support services for the oil and gas ("O&G") industry, which includes EPCC services for chemical injection skids and facilities improvement / maintenance of topside O&G facilities, installation and maintenance of oilfield equipment as well as supply of oilfield equipment.

Shares to be issued/offered:

IPO in conjunction with the listing of Steel Hawk on the ACE Market comprising:

(i) Public issue of 90,000,000 new ordinary shares in Steel Hawk (“Shares”) in the following manner:

24,500,000 new Shares made available for application by the Malaysian Public;

12,250,000 new Shares made available for application by the eligible directors, eligible employees and persons who have contributed to the success of Steel Hawk and its subsidiaries;
and

53,250,000 new Shares made available by way of private placement to selected investors; and

(ii) Offer for sale of 44,700,000 existing Shares by way of private placement to selected investors.

Price rm 0.15

Shares kecik. Confirm fly plus no miti

really ah 15 sen only ?

Currently listed in LEAP market

Now seeking transfer to Ace Market & new offering too

https://www.thestar.com.my/business/busines...sfer-of-listing

name sounds interesting

once in ACE can buy finally

Means this company is okay...

That's why "graduation" from LEAP to Ace market.
Later to Main 👌

Parking

Confirmed oversubscribed

Price is cheap cheap

🔥

got MITI ?

Nope

😎

Same day as 99 SMart! Why? Need to split or make up your choices again. Sigh...

On the bright side means higher chance to get since most people also got the same problem

More likely More apply this Steel Hawk instead of 99 SpeedMart IPO since they overvalued & expensive

"Only kid does decision"



Ambik both

Hmmm will choose this over 99SM

Be a wise kid. Both doesn't mean maximum profit. Weight the risk and look at the valuation.

confirm oversubscribed gao gao

Guaranteed

See price

Cheap cheap one

Anyone got the share allocation table?

what table?

not close yet

After 23/8

Can refer to past IPOs table posted

https://tiih.com.my/index.php?p=press_release

👌

Any tp...pls share

wonder how to become Sophisticated Investor, can buy in leap market before this transfer to ace market.?

Only Sophisticated Investors, as defined under Schedules 6 & 7 of the Capital Markets and Services Act 2007 (“CMSA”) are allowed to invest in companies listed on the LEAP Market. The Sophisticated Investors are categorised as:

Accredited investors;
High net-worth entities; and
High net-worth individuals.
Examples include:

- an individual whose total net personal assets exceeds RM3,000,000 or equivalent in foreign currencies; or
- an individual who has a gross annual income exceeding RM300,000 or equivalent in foreign currencies in the preceding twelve months; or
- an individual who, jointly with his or her spouse, has a gross annual income exceeding RM400,000 or equivalent in foreign currencies in the -preceding twelve months; or
- a corporation with total net assets exceeding RM10,000,000 or equivalent in foreign currencies based on last audited accounts; or
- a partnership with total net assets exceeding RM10,000,000 or its equivalent in foreign currencies; or
- a company that is registered as a trust company under the Trust Companies Act 1949 which has assets exceeding RM10,000,000 under management; or
- a corporation that is a public company under the Malaysia Companies Act 2016 which is approved by the Securities Commission Malaysia to be a trustee under the Capital Markets and Services Act 2007 and has assets exceeding RM10,000,000 under management

https://www.bursamalaysia.com/reference/faq...0months%3B%20or

Fuhhh

3mil in assets or around 25k nett monthly income...

Only those really T20 can qualify

Thk for details info, can consider those very good profit leap company, sure they will trf to Ace or main market in future.

Assuming I am qualified. How to apply to be accredited investors?

can refer here too, I suppose need to go through brokers
https://www.bursamalaysia.com/reference/faq...vestors_of_leap

my ticket is 3000 saja

not many ppl apply, mb boleh dapat

Closeing date this friday. Still too early to buy.

Still very early boss

Typical Malaysia style

Always last few hours before closing 😁

Maybe all applied 99SMart?

masih awal

worth how much wor ?

Mbb 3677

good luck then

because even IBs knows they're overvalued.
just give TP of 1.70 vs IPO 1.65

hnnn...last traded price merely 11 sen

be careful 👺.....
better safe than sorry

This post has been edited by IPO ADDICT: Aug 20 2024, 04:45 PM

No miti..ahaks

No TP/ FV do far...

One of the positive factors for success

I meant

Good openings

This post has been edited by nexona88: Aug 20 2024, 06:02 PM

tp 0.20cts

Any TP pls share

[quote=pileepalah,Aug 20 2024, 06:54 PM]tp 0.20cts



..pergghhh

This post has been edited by IPO ADDICT: Aug 20 2024, 07:39 PM

You are right, last traded for steel hawk at LEAP market is 11 sen only.

So the IPO price for Ace listing is overvalued??

This post has been edited by nexona88: Aug 20 2024, 08:27 PM

That explains the low price for the IPO. Overvalued? Need more TPs

This post has been edited by engineer: Aug 20 2024, 08:37 PM

From?

[quote=IPO ADDICT,Aug 20 2024, 08:17 PM]
[quote=pileepalah,Aug 20 2024, 06:54 PM]tp 0.20cts

..pergghhh

[/quote]


why 20cts tak cukup, abuthen how much u wan

tak akan 68 cts or 88 cts right

ini oil & gas bukan 2 x 6
recently jes dpt job from PETRONAS

Need more TP first than can in, if you find the steel hawk at Leap market its price is 11 sen.

This post has been edited by tomjason: Aug 20 2024, 09:54 PM

Your personal target??

better safe than sorry
if back to 11 sen.....26 % wiped out ..hmmm worst than IPO killer Senheng when debut

This post has been edited by IPO ADDICT: Aug 21 2024, 12:21 AM

https://www.thestar.com.my/business/busines...ct-from-petchem

Ace market listing should be safer boss...

Worries about that 99SM pricing.....

Don't scared newbies 😝

What is the number now? Anyone can share

No FV so far...friday closes...price is cheap

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....

tomolow kompom fly up ..last minit

Hahahaha 😂😆

So true
Typical Malaysian style

👌

M+ = 0.39
Ta = 0.21

undervalue?

really joking... more like gotten pressured to review the FV

Subscribe an ipo based on overvalue undervalue just nonsense. It all comes back to sectors and sentiments. Even mr diy many so called experts here claimed overvalued.

TA THROWWWW COLD WATER 👺 on this IPO
pergghhh

Steel Hawk

No : 8887

3.45pm

I m ok with 40%, anytime.

around 10k upon closing

tomorrow 23 only closing

Slowly picking up the number of application

But still cannot challenge 99SM

Which already hit 15k 🔥

pasti hOT 20-25k applications

No : 9608

6.07pm

Worst case scenario everyone get share like radium

I personally think won't be like Radium...

That one is "special" 😁