Nov 12 2024, 04:57 PM
QUOTE(Avangelice @ Nov 12 2024, 11:25 AM)
That's the thing. What data is taken into consideration? The fundamentals? The business of said ipo? Would the company have a future?
Take for example Farm Price sdn bhd, I knew from the get go it was gonna be a successful business to invest it. Unfortunately I didn't get the ipo application approved but I went in on the first day and I'm sitting on a 10% profit.
This security sea company. Who would invest in this low tech business when China can mass produce so many of them at a cheaper price then surprise Pikachu when it doesn't jump up on day one
same can be said about Farm Price.Take for example Farm Price sdn bhd, I knew from the get go it was gonna be a successful business to invest it. Unfortunately I didn't get the ipo application approved but I went in on the first day and I'm sitting on a 10% profit.
This security sea company. Who would invest in this low tech business when China can mass produce so many of them at a cheaper price then surprise Pikachu when it doesn't jump up on day one
what so special about buying/importing vege then repackage and sell it?
FP don't even have their own vege farm at the end of the day - IPO opening and first few day prices are all about "the ego of the main shareholders". Fundamental not really a concern for retail investors who blindly applies for every IPOs and hope to get allocation
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