Just studied their prospectus. Happy to share some findings:

1. Market cap at only RM161 million. (Very small, juicy)
2. No MITI block (Less selling pressure)
3. Growth - both revenue and profit are growing rapidly every year
4. Margin - Profit margin ranges 20% to 27%. (super high)
5. Sector - in solar thermal & energy saving services (promising sector)
6. Customers are in promising sector, for eg Cyberjaya Data Centre, Semiconductor giant (Infineon) is their customer.

Conclusion: A super super super gem.

Chill brother, i realise a lot of ppl dont even read lol.

Only 4% of the IPO proceeds go to headquarters expansion.

If you read their prospectus, the expansion includes Reception, Showroom. Storage room, New meeting room. Estimated 18 workstations for finance, sales, procurement, administrative and human resources departments. Command and control centre, Estimated 26 share workstations for the project department and technical and servicing department.

Its generally office expansion to fit more employees and expansion of workstations. A bigger meeting room is just small part of it, not ALL IPO PROCEEDS fund the bigger meeting room brother.

Also think this way, previously Company only has small meeting room not fancy one, meaning, the management is GOOD at managing cost n cost saving. Not simply spend. Hence profit margin very very strong at above 20%.

a PLUS point

i hope ppl dont apply here. so I higher chance to get hahaha...realise ppl dont read...


all please dont apply, not a good IPO, let me apply alone enough haha

hahahahaha exactly. maybe some sit on the table.

yup, but whats wrong use IPO fund to expand meeting room?

yup, pls dun apply haha

i think there's one moo moo presentation. u applying for tis ipo?
good to have more ppl skeptical n skip, higher winning chance for those who apply.

can ask less ppl to apply mah? hope to have higher winning chance.

haha yup. some management is not good at presenting, but good at delivering.

i close eyes hentam kuat kuat

58% upside from Eco Asia Research. GOGOGO

excited to see whats the price tmr. if limit up, will belanja him omakase + fine dining haha