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 IPO: Steel Hawk Berhad ("Steel Hawk")

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dEviLs
post Aug 20 2024, 09:56 AM

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QUOTE(tnang @ Aug 19 2024, 04:49 PM)
wonder how to become Sophisticated Investor, can buy in leap market before this transfer to ace market.?
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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
dEviLs
post Aug 20 2024, 12:36 PM

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QUOTE(engineer @ Aug 20 2024, 11:31 AM)
Assuming I am qualified.  biggrin.gif  How to apply to be accredited investors?
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can refer here too, I suppose need to go through brokers
https://www.bursamalaysia.com/reference/faq...vestors_of_leap

dEviLs
post Aug 21 2024, 05:22 PM

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M+ = 0.39 lust.gif
dEviLs
post Aug 22 2024, 09:19 AM

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QUOTE(ThEoN86 @ Aug 21 2024, 05:43 PM)
The way they derived the FV seems a bit weird.
Market average PE 15.9 Macam mainly contributed by Reservoir Link?
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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
dEviLs
post Aug 22 2024, 10:14 AM

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QUOTE(ThEoN86 @ Aug 22 2024, 09:49 AM)
Try to checkout the report from Mplus. They taken RL (PE70++) into consideration when deriving the FV. That's why the FV become 39cents.
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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

dEviLs
post Aug 22 2024, 02:39 PM

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M+ = 0.39
Ta = 0.21
dEviLs
post Aug 23 2024, 11:37 AM

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14270 # 1137
dEviLs
post Aug 23 2024, 11:59 AM

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PIBB FV only 0.17 lol
dEviLs
post Aug 23 2024, 12:27 PM

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PIBB only assume 8.6x PE hmm.gif
dEviLs
post Aug 27 2024, 09:50 AM

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Went to check the live quotation on LEAP and saw a bid at 0.30 hmm.gif
dEviLs
post Aug 27 2024, 12:04 PM

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QUOTE(Yipeegee @ Aug 27 2024, 12:01 PM)
u can bid also.... doh.gif
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i know it may mean nothing, but still bidding at triple the last price is different than asking at triple the last price tongue.gif

This post has been edited by dEviLs: Aug 27 2024, 12:05 PM
dEviLs
post Aug 27 2024, 03:41 PM

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QUOTE(Samzul @ Aug 27 2024, 03:31 PM)
How  to check?
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can check using your broker's trading platform
dEviLs
post Aug 27 2024, 05:12 PM

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QUOTE(pileepalah @ Aug 27 2024, 05:06 PM)
someone said bkful and he show us is 11 cts only

drool.gif  drool.gif  drool.gif  drool.gif  drool.gif  drool.gif

u know who is tat guy
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11 cents is the current price at LEAP, of course the low liquidity also causes the price at this level

 

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