Azam Jaya is principally an investment holding company and through its proposed subsidiaries (collectively, "Azam Jaya Group"), Azam Jaya Group is principally involved in the provision of construction services.

seems like they're the most dominant in sabah.

Same like KTI Landmark?

Interesting .. name also very local

So far no TP rite?

Subscribed. I think sabah got potential.

Gonna pass any new construction/property related ipo

Any reason? Would like to understand the rational.

The list of projects they are working on. Mostly road construction projects

https://www.azamjaya.my/projects/

So it's Sabah focus based construction company??

Remember government give such huge allocation for S&S for infrastructure projects...

Since this company involved more on road construction related.....

if you're a local there, you should know that this company is a proxy to .....

Not sure whether Sabah government will buy in.

Waiting for Megah Holding IPO to be listed.

950

let's go

Heuheuheu we shall see

.....

Order book 1.4 billion until 2028,

Very high tp by m+, 1.47 💀💀

JACKPOT WAITINGG....

AZAM >> FAIR VALUE RM 1.47

Azam Jaya Berhad - Azam Jaya – Determined to Succeed

MalaccaSecurities
Publish date: Tue, 22 Oct 2024, 10:22 AM
Through its wholly-owned subsidiaries, Azam Jaya Berhad (AZAMJAYA) is principally involved in the provision of construction services where it is mainly involved in the construction of road infrastructure in the State of Sabah.
We project 3-year earnings CAGR of 25.1%, with core PAT expected to reach RM29.2-50.9m over the next three years, largely supported by the strong orderbook of RM1.45bn, translating to a cover ratio of 5.2x, which will provide earnings visibility over the next 3-5 years, coupled with the robust construction scene in Sabah region and rising allocation to Sabah in the recent Budget 2025.
We assign a fair value of RM1.47 per share, representing an upside of 88.5% against to the IPO price of RM0.78. This valuation is based on a P/E ratio of 18x, applied to the FY25f EPS of 8.14 sen. Although the ascribed P/E is below the Construction & Engineering sector's peer average forward P/E of 19.2x and average historical P/E of 24.0x, we believe it is justified given AZAMJAYA's smaller market capitalisation of RM390.0m.

Crazy

hopefully i can get it this time. seems like a lot of people not interested in this IPO.

Wow, nice FV. Any other FV?

pssstttt...don't tell any one about this FV ...want to HANTAM kaw kaw

Confirmed one after another GREAT FV from M +.... - it's a JACKPOT IPO....almost 100 % JACKPOT.....!

only those with the old fashioned GRANDMA mentality will be left out on this EXPLOSIVE IPO

after all - remember Warren Buffet tagline ? BE GREEEEEEDY when others are fearful liao

BTW...TA is well known for very thrifty on FV

This post has been edited by IPO ADDICT: Oct 23 2024, 10:21 AM

2757

in term of Fundamental Analysis @ FA , AZAM is much better than Kaput-ing 3 REN

that why AZAM got almost 100 % JACKPOT FV than peanut 3 REN

the name " AZAM " carry a lot of FENG SHUI / ONG-NESS too

hmmm...in addition to the very popular MAC* trade mark

....your money - your choice - don't blame others when you miss this " AZAM " JACKPOT

# BTW >> NO MITI is a great advantage - - small no. of share - easily to be cornered - Potential to " Over the ROOF ? "
( MICRO ECONOMICS 101 )

This post has been edited by IPO ADDICT: Oct 23 2024, 02:22 PM

#TAYOR

TA - 1.54
M+ - 1.47

how ah? this one can apply ah?

...? ..hmmm...as usual - Don't be P*
they asked for it- that FV ....
this FV now are given by registered / recognized by the Authority / Govt / BURSA-SC

TA & M+ ..almost 100 % JACKPOT WAITING ..TOO GOOD to be TRUE ?.... .... ....

still risk averse ?..What an ANTI CLIMAX ?...BTW ...your money - your choice

This post has been edited by IPO ADDICT: Oct 23 2024, 09:02 PM

Like so hardsell like that....

thanks for the Joke

after all - laughter is the best medicine

BTW...pssttt...got % 🫰$$$ from " AZAM "....

This post has been edited by IPO ADDICT: Oct 23 2024, 11:44 PM

Maybe will buy listing day.Maybe dont up to fv on listing day, i think for this ipo the fv for long term when highway completed. I might be wrong also, this time around, due to market sentiment not good,the FV is not a big impact, look at the Ipo Bwys,KHPT, kucingko, sik cheng, crest,Norteast. This is due Jerung is sideline, they select the ipo they want.Not like b4, the all out on all IPOs.

This post has been edited by tomjason: Oct 24 2024, 07:42 AM

running no pliss..?

IPO addict, you subscribed?

SURE ONE....My fren ...thru " A " Bank ( formerly Perwira Habib Bank )

don't want to be left out- must be " KIASU " worrr of getting the End of the YEAR JACKPOT

This post has been edited by IPO ADDICT: Oct 24 2024, 10:03 AM

Maybank 5102

apply or not?????

Crystal Clear >> Year End JACKPOT waiting

thanks to FV by trusted TA ( RM 1.54 ) , M + ( RM 1.47 )

Hmmm...almost 100 % SOLID lui 🫰👌$$$$$

This post has been edited by IPO ADDICT: Oct 24 2024, 11:24 AM

I think the response is lukewarm !

Too high ipo price? Same week as US election? Or some going for mega fortis since the same fund can only go for either one?


This post has been edited by 1282009: Oct 24 2024, 11:46 AM

Aiyooo...Mega fortris oso PROMISINGG liao

Dem...

This post has been edited by IPO ADDICT: Oct 24 2024, 12:45 PM

1:06pm #6173

#6342

Rhb FV 1.04

#6558 ☺️

i'll pass for this ipo. funds still at 3ren

2.19pm 6684

3.13 pm . 7252

3.30 pm 7456

stress, don know wan apply or not

Ya exactly ... hmmm

Lol .. or go for fortris?

This post has been edited by 1282009: Oct 24 2024, 04:48 PM

looks like below 8k

TIME IS RUNNINGGG OUT
2 more minutes

8565 at 4.50 pm

Ding..door closed..applied high potential to get

Really? For bumi perhaps ...

8565

Hmmm...what a NICE - PROMISINGG 4D Number ..!

We never know ...🫰$$$$$

pssttt...20 % for me ( DEAL )

This post has been edited by IPO ADDICT: Oct 24 2024, 06:43 PM

Good luck everyday later today

Success rate very high (above 70%) but allocation small. Should put all money here 😆 for more shares.

wah success rate so high... mean very little application?
And number allotted per applicant let say 3000, mean if i kena also take 3000 max? lol

This post has been edited by ragk: Oct 28 2024, 06:19 PM

I prefer this allocation somehow. Fewer quick profit takers perhaps?

This post has been edited by 1282009: Oct 28 2024, 06:25 PM

take not Bebi.....the FV almost double given by normally Thrifty TA , and M +...
so even though allocated 1 K unit - almost RM 700 Jackpot waiting liao

wtf... i'm actually wishing i dun get....

First time bumi numbers more than public. Haha

what an anti climax....

Jackpot of FV around 100 %

hmmm...the best table ever- making T 5 got MAD liao .....

apply 10 million @ RM 7.8 Million got merely PEANUT 15K unit@ RM 11,700

This post has been edited by IPO ADDICT: Oct 28 2024, 06:46 PM

Looks like they encourage you to buy more during listing....

Why?

This one most likely for mid to long term holding ...

A fantastic signal from AZAM

mplus apply result out dy or no yet?

because i'm the kichi meow, if get only get 500....

Lets see. 500 also can earn grocery $$.

My mplus still haven't update as of now

Still pending

This post has been edited by coyouth: Oct 28 2024, 08:09 PM

Huh??

What kind allocation is this...

Applied 3k get 700 only 😔

That is better ratio if compare to applied 10m got 15k only.
But look at the top one. Applied 100 got 100. WIN. 😆

High chance to get small allocation. Most of the ppl apply small small due to bad opening for recent ipo,x may earn inprice but rugi trading fee

Top 3

Above 2mil is 100% success rates 💪🔥

I can only hope..... best if this counter limit up

Looking at the ballot table & allocation...

Seriously doubtful yo...

Susah lorh...

Damn.......

this table is the best..... hmmm... ( RAHMAH TABLE ) ...

Thanks AZAM ...

please don't complaint anymore like the table before this - very difficult to get & Very generous ( too much allocated ) on T 10 .

most likely this table - T 5 - T10 group may got MAD with this weird but allotment

spend RM 7.8 million ( for 10 million unit ) got merely PEANUT 15K unit

let it be

This post has been edited by IPO ADDICT: Oct 28 2024, 11:51 PM

Who don't get? Hahaha
The question is quite different.

Hahaha .. with current mkt sentiment, prepare to keep for mid term ya ...

results out so fast for you guys?

They want us to keep for long term. Keep small small will do

This post has been edited by kb2005: Oct 29 2024, 09:55 AM

Not for me

"Your application for Azam Jaya Bhd has been placed on the reserve list. Thank you for your continued support and stay tuned for more opportunities."

What does that mean? Did u get back any partial refund?


This post has been edited by 1282009: Oct 29 2024, 10:23 AM

no other information except this message. everything else still pending.

Which bank?

First time kena IPO, but only 2500 share has been allotted. LOL



This post has been edited by yap2001: Oct 29 2024, 10:47 AM

M+

Second ballot

Expected another 1 week +/- before you get back your $$$...

oh boy... i wonder what kind of system they use for balloting? software?

This post has been edited by coyouth: Oct 29 2024, 11:14 AM