REACH TEN HOLDINGS BERHAD
Reach Ten Holdings Berhad is an investment holding company with operations focused in the telecommunications sector. The group provides a range of telecommunication networks, services, and infrastructure to its customers. Through its subsidiaries, the group is primarily engaged in the provision of satellite-based communication networks and services, fibre optic communication networks and services, as well as telecommunications infrastructure services and managed services.

Listing Price :0.52
Closing Date :18 Apr 2025
Listing Date :02 May 2025
PE Ratio :10.14

looks PROMISINGG $$$$$

Note >> " Warren Buffett >> BE GREEEEEEEEDY when others are SHIVERINGGG "

This post has been edited by IPO ADDICT: Apr 10 2025, 04:12 PM

a lot of people are shivering now.

BE rational...the best bet - Sarawak IPO " REACH TEN "

Net cash co...

Reach Ten pushes ahead with Main Market IPO, first Sarawak firm listing in 15 years

This post has been edited by IPO ADDICT: Apr 11 2025, 01:13 PM

Only people who profited during this crisis is those with insiders information from the president itself....

If you know what I mean...

See S&P500 orders just before The official U Turn announcement 😁

Tariff war to end very soon...

see signal >> the solid green of dow future , oso europhean market ....

but there is surely got a " FACE SAVING " exit for him @ Donald T

hmmm...better GRABB what ever ( including IPO ).....don't say aiyoo...if " I WALLAP " tons of this IPO / Shares or what not later .....NO IF in share trading..... must take " calculated " risk......risk is getting smaller but the GAIN opportunity is SHINING...

Psssttt......Sarawak back - net cash satelit >>

" RICH TEN " IPO

cheap dirt MAIN board 52 sen....

even main board " HI " BUS EXPRESS is PRICEY RM 1.22 , turn out FANTASTIC

This post has been edited by IPO ADDICT: Apr 11 2025, 03:06 PM

hmmm....in GREEEEN quadrant

1. NET CASH Company
2. Clear Dividen Policy ( 30% PAT )
3.Forecast P/E: 10.13
4.ROE(Pro forma): 40%
5.ROE: 80.56% (FPE2024) , 85.55%(FYE2023), 86.35%(FYE2022), 63.56%(FYE2021)
6.Net asset: 0.20
7.Total debt to current asset: 0.20 (Debt: 44.220mil, Non-Current Asset: 23.444mil, Current asset: 216.721mil)
8. SUN RISE INDUSTRY

This post has been edited by IPO ADDICT: Apr 12 2025, 08:41 AM

so how....hoot or not
so many ipo.....tak kan semua
also masuk long kang, korrect or not

1 st great news from TRUMP.....
Dow Jone steaming 600 +....NASDAQ 330 +
HEPI ENDING COMINGG SOON

hmmm....pssst REACH-10 , no doubt

Cash cow Sarawak Govt link IPO

NO sweat RM 1.00 +

world market further GREEEEEN
dow jone future / NASDAQ future further SOLID
can't afford to be overly afraid 24 hrs -

missing the golden opportunities
happy ending

pssst ...IPO ?.. >> NO 1 REACH 10
NO 2 WTEC

This post has been edited by IPO ADDICT: Apr 14 2025, 07:10 PM

Safer to buy good stocks that have been oversold than to speculate on ipo.

hmmm....this NET CASH IPO , can one

hard to find this kind of IPO.....

lets see the FV/TP....

BTW...don't be overly AFRAID on IPO

This post has been edited by IPO ADDICT: Apr 15 2025, 11:13 AM

Spot on

Reach Ten Holdings Bhd (REACHTEN) - Leading Telco Services and Solutions Provider In East Msia

MalaccaSecurities
Publish date: Mon, 14 Apr 2025, 10:49 AM

71 SEN

We ascribe a fair value of RM0.71 for REACHTEN. Our valuation is derived by pegging a forward P/E of 13.0x to the mid-FY26f EPS of 5.44 sen, implying a 36.5% upside to its IPO price of RM0.52. We believe the pegged P/E is fair given the 12- month forward P/E and trailing 12-month P/E among its closest peers stood at 13.3- 16.5x.

Malacca Securities also gave a FV of 26 sen for MSB Global Group Bhd.

However, it opened this morning at only 17 sen i.e. 3 sen below its IPO price of 20 sen.

The FVs given by brokerage firms are no longer reliable in a down market !

Recently, LSH Capital also opened below its IPO price of 88 sen despite glowing reports.

Hail trumpet effects

Anyone got TP? mind to share pls

Reach Ten Holdings Bhd (REACHTEN) - Leading Telco Services and Solutions Provider In East Msia

MalaccaSecurities
Publish date: Mon, 14 Apr 2025, 10:49 AM

71 SEN @ 37 %

We ascribe a fair value of RM0.71 for REACHTEN. Our valuation is derived by pegging a forward P/E of 13.0x to the mid-FY26f EPS of 5.44 sen, implying a 36.5% upside to its IPO price of RM0.52. We believe the pegged P/E is fair given the 12- month forward P/E and trailing 12-month P/E among its closest peers stood at 13.3- 16.5x.

This post has been edited by IPO ADDICT: Apr 16 2025, 09:19 AM

This post has been edited by IPO ADDICT: Apr 17 2025, 12:53 PM

Many already scared to apply IPO

All recent one all opens below IPO price 😞

open trading red..?..it's depend on the IPO company...
they themselves choose to open red and then simply / shamely blame the foreign fund out , the TRUMP tariff , and what not as SCAPE GOAT

NOOO ..they purposely wanting to open RED

Why IPO Bus company " HI " can open trading GREEEN and now still solid rock...hmmm merely BUS IPO with a scarry IPO price of RM 1.22

something to PONDER about. this .....

after sold all the IPO , got hundred millions RM ...the IPO co. MUST NOT let IPO open RED when knocking the opening GONG

BTW....many think@ BET NET CASH REACH TEN IPO won't do that ( opening RED )....SHAME

after all - this is a SARAWAK GOVT LINK IPO ...can trust one

This post has been edited by IPO ADDICT: Apr 17 2025, 05:19 PM

Wahhh...

Still no sharing of applications numbers...

Something is wrong...

Numbers must be very bad

to apply this IPO REACH TEN - after taking " Calculated RISK "

other IPOs ?....BYE BYE even ECO SHOP

Hi. In what way is this considered a SARAWAK GOVT LINK IPO ?

Is it because the Sarawak state govt or its agencies hold shares in this company ?

Closing day

Good luck everyone 🤞

Expecting to be another Main Board " HI " - merely a BUS IPO at scary IPO price of RM 1.22 but FANTASTIC IPO showing

REACHTEN

This post has been edited by IPO ADDICT: Apr 18 2025, 08:40 AM

Seriously doubtful on this uncertainty period of time

want certainty..?..Yess there is Grandma Old Fashioned Bank FD/ Fixed Deposit for a never failed RETURN ....hmmm peanut 3 - 4 % after 365 days / 1 yr....

BTW this IPO is the BEST BET after considering ALL the Risk-Reward ... even ECO SHOP ( RM 1.20 IPO ) can't be trusted

Hmmm....most likely this main board REACH TEN IPO ( 52 SEN ) to be another CHAMPION in the MAKING after HI the mainboard BUS IPO ( Price scarry RM 1.22 )

This post has been edited by IPO ADDICT: Apr 18 2025, 10:18 AM

Looks like everyone is too afraid to apply despite the good fundamentals.

Have you applied, IPO ADDICT ? What is your running number ?

SURE ONE.....

applied thru AFFIN ....

Take note >> World No 1 Investor Warren Buffett -

" BE GREEEEEEDY when others are SHIVERINGG "

This post has been edited by IPO ADDICT: Apr 18 2025, 11:42 AM

Hope you strike and earn kaw kaw

TQVM my fren...

mine only TRUST this IPO REACH TEN 👌...NOT others including ECO SHOP IPO 🤔

This post has been edited by IPO ADDICT: Apr 18 2025, 02:14 PM

latest from PUBLIC BANK.....

Status: Successful
Transaction Date: 18 Apr 2025 15:13:15
Share Issue No : M0801
Issuing House : TIIH
Share Name : REACH TEN HOLDINGS BERHAD
Unit Price : RM0.52
IPO Reference Number : 0000836

Time to be brave . . . . . Or stupid

huat chaii

even market is solid greeen now....

907 @1605hrs

40 more minutes

HURRYYYYYYY UPPPPPPP

WORTH PUNTING......even nainboard " HI " merely BUS IPO@RM 1.22 flying FANTASTIC

NOW Mainboard " REACHTEN "...Sarawak Govt link IPO

syariah too

.....Reach Ten Holdings Bhd (REACHTEN) is preparing for a Main Market listing and stands to gain from the government's digital inclusivity initiatives.

HURRYYYYYY UPPPPP..15 more minutes

Not looking good 🤔🧐

not looking good is good actually...almost sure dapat, huhu

Tried 111 lots and see how.

why why why ...not many ppl buy
last time easily above 10,000
but now hardly 1000 applicants
very susah cari makan....want to earn rm100 pon very very susah

Sure dapat...

But performance???

With current situation.....

Hope for the best...to me it's a calculated risk to apply this ipo.

Agreed...

Take risk... And it's goes either way... Your decisions

If it's spike up... Profit all the way...

#Can REACHTEN's listing break the IPO curse?
#The first Sarawak company to be listed in 15 years? !

REACHTEN Holdings Berhad (REACHTEN, 5332) is about to become the first company from Sarawak to be listed on the main board in 15 years 😮 The company's business is different from the retail telecom operators such as Maxis, CelcomDigi, and UMobile that the public is familiar with. REACHTEN is a communications service provider mainly focusing on business-to-business (B2B) and government (B2G), providing "vertically integrated solutions" from network infrastructure construction to operation.

REACHTEN has two key licenses 👉 NFP (network facility supply) and NSP (network service provider); the former means that the company can build and own its own infrastructure such as optical cables, telecommunications towers, VSAT satellite stations, etc., while the latter allows it to provide network services, broadband and data lines.

With these two licenses, REACHTEN can not only "build its own network" but also "sell its own network" 🤔, thus forming an autonomous, closed-loop business ecosystem.

So far, the company has built 3 communication towers, 33 monopole towers, and up to 1,215 VSAT sites in Sarawak. VSAT is a technology that can connect to the network via satellite without wiring. It is particularly suitable for plantations, inland areas, offshore facilities and other difficult-to-cover areas. For this reason, the company plays an important role in serving remote areas and cooperating with national broadband plans such as JENDELA and SALURAN.

From the perspective of business structure, REACHTEN's revenue is extremely concentrated in VSAT-related satellite communication services. The company's total revenue for the 2023 fiscal year is RM182.3 million ❗️ Of which RM158.5 million (86.95%) comes from satellite-related services, fiber optic communications business accounts for RM20.1 million (11.03%), and telecommunications infrastructure construction and equipment leasing services account for only RM3.7 million (2.02%). B2C business is almost negligible, contributing only RM0.85 million, accounting for less than 0.5%.

From a financial performance perspective, REACHTEN's growth trajectory is very prominent. In the 2021 fiscal year, the company recorded revenue of RM86.1 million and a net profit of RM8.8 million. By the 2022 fiscal year, revenue increased to RM174.3 million and net profit soared to RM43.7 million 🚀 In the 2023 fiscal year, revenue increased slightly to RM182.3 million, and net profit recorded RM51.3 million. Revenue almost doubled in three years, and the growth was very impressive.

In terms of profit quality, REACHTEN's gross profit margin also increased simultaneously 📈 The gross profit margins from 2021 to 2023 were 22.49%, 40.25% and 46.17% respectively, indicating that its service structure is being optimized, which may reflect the high operating efficiency and bargaining space of VSAT business. There is also a considerable performance in terms of net profit margin, which is about 28.1% in fiscal year 2023.

It is worth mentioning that REACHTEN's IPO has also attracted the attention of some investment banks. According to publicly available analysis reports, TA Securities gave REACHTEN a reasonable valuation of RM0.66 per share, RHB Investment Bank gave a valuation of RM0.78, and Malacca Securities (MPlus) gave a target price of RM0.71, all of which are higher than the IPO offering price of RM0.52; all three brokerages value its stable cash flow, government project support, and the profit visibility brought by the high proportion of recurring income model.

Despite this, REACHTEN's business structure still has a clear risk profile. The company is extremely dependent on government projects and subsidies.

Hi. Can you please disclose the source of this article ? Thanks.

OS 1.85x

Fantastic ....NO spill over from placements...all MITI and all other placements have been wallap by hungry punters/traders.....

GOOD sign actually unlike other IPOs , too much spill over from placements to this Public Balotting ...oso meaning their placements are under subscribed

from this balloting table - show PROMISING prospect for this CASH RICH REACH TEN IPO

RHB Investment Research Reports

Reach Ten Holdings - Sarawak’s Up And Coming Infrastructure Play

FV 78 SEN ( 50 % UP ).... 💪
rhbinvest

Publish date: Fri, 18 Apr 2025, 10:18 AM

MYR0.78 FV

based on 6.5x FY26 EV/EBITDA. Reach Ten Holdings (R10) is raising MYR104m from its IPO, mainly for the expansion of its fibre optic and communications network infrastructure, construction of telco towers, and enhancement of its satellite-based communications facilities in Sarawak. Our valuation is in line with comparable peers and implies a forward P/E of 13x. We believe the valuation is supported by R10's exposure to Sarawak's secular growth, attractive ROEs, net cash balance sheet, and high recurring sales.

This post has been edited by IPO ADDICT: Apr 22 2025, 01:35 PM

Good luck everyone

1.85x oversubscribed rates yo 😲

The company said in a statement today that it received a total of 2,706 applications for 142.65 million new shares, exceeding the 50 million shares allocated for public subscription.



"In addition, its placement agent has confirmed that 225 million shares made available for application by way of private placement to bumiputera investors approved by the Ministry of Investment Trade and Industry (MITI) and selected investors have been fully placed out,” it said.

WOWWW.....great

hmmm...the other IPO - WEST RIVER oso balloting today

psssttt...heard ?...

hmmm apply REACHTEN 200,100...got merely 80K liao only

This post has been edited by IPO ADDICT: Apr 22 2025, 02:21 PM

0.52 sen REACH TEN = 0.10

https://www.tiih.com.my/content/press_relea...ressRelease.pdf

https://www.tiih.com.my/content/press_relea...isAllotment.pdf

This post has been edited by kb2005: Apr 22 2025, 05:26 PM

Tricor Investor & Issuing House Services Sdn Bhd wishes to announce that the 50,000,000 Issue Shares made available for application by the Malaysian public have been oversubscribed. A total of 2,706 applications for 142,652,200 Issue Shares with a value of RM74,179,144.00 were received from the Malaysian public, which represents an overall oversubscription rate of 1.85 times. For the Bumiputera portion, a total of 945 applications for 52,794,900 Issue Shares were received, which represents an oversubscription rate of 1.11 times. For the public portion, a total of 1,761 applications for 89,857,300 Issue Shares were received, which represents an oversubscription rate of 2.59 times. Meanwhile, 25,000,000 Issue Shares made available for application by the eligible directors, employees and persons who have contributed to the success of the Group have also been fully subscribed. The Placement Agent has confirmed that 125,000,000 Issue Shares by way of private placement to selected Bumiputera investors approved by the MITI and 100,000,000 Existing Shares by way of private placement to selected investors, have been fully placed out.

Almost everyone get a partial piece of cake

Really need to pray hard during opening...

Green opening, not red @ below IPO price 😁

finally got some allocations but . . . . is it gonna be a happy or sad ending

Don't worry it's gonna be happy

It's 50/50

Depending on the moves by crazy Big Brother on world economy & it's make America great again policing

got some allocations too....

Count myself lucky or not... finger crossed

we'll see on 2nd may.

so ez to get
lagi mkt is coming back
ini kali huat ahhhhhhhhhhhhhhhhhhhhhhhhhh

This post has been edited by pileepalah: Apr 24 2025, 08:21 PM

hmmm...huat chaii

Market world wide especially DOW JONE /NASDAQ now shining again

Bursa market too...flying liao

After all...this REACH TEN is a NET CASH $$$$$ IPO company

Very promising by RHB BANK

TP/FV 78 SEN ( 50 % UP )


Reach Ten Holdings - Sarawak’s Up And Coming Infrastructure Play

rhbinvest
Publish date: Fri, 18 Apr 2025, 10:18 AM

MYR0.78 FV based on 6.5x FY26 EV/EBITDA. Reach Ten Holdings (R10) is raising MYR104m from its IPO, mainly for the expansion of its fibre optic and communications network infrastructure, construction of telco towers, and enhancement of its satellite-based communications facilities in Sarawak. Our valuation is in line with comparable peers and implies a forward P/E of 13x. We believe the valuation is supported by R10's exposure to Sarawak's secular growth, attractive ROEs, net cash balance sheet, and high recurring sales.
First Sarawak-based company to be listed on the Main Market in over a decade. R10 epitom

This post has been edited by IPO ADDICT: Apr 26 2025, 06:49 AM

Attached thumbnail(s)

Pergghhh

How ?....will perform better than BAS IPO " He "....

Wow...with pe 10 only, price already 0.88 !

Forum is dead with current market ... hopefully reach ten and eco chop will bring back IPO to its height.

Gov confirm projects + crazy net profit + Sarawak theme = to the moon

#tayor

I think the EPS of 8.8 sen for FY ending 31/12/2024 is based on 800,000,000 shares.

If based on the enlarged 1,000,000,000 shares after the IPO, the EPS should be 7.06 sen.

Hmmm....this NET CASH REACH TEN to debut/start trading with a BANG....given nearly all the recent IPOs moving up....💪....
Can't rule out to hit RM 1.00 ++ today ....after all with the PROMISING world market especially DOW JONE/ NASDAQ.....Bolehland BURSA too💪

Good luck guys!

best of luck!

Hahaha..as usual shitty

Climbing …good stock and recovering market sentiment.

#tayor

Climbing …good stock and recovering market sentiment.

#tayor

54sen now. can buy texas ciken lunch set

its' showing some life. go go go

I know you're very happy with the performance

But don't need to post 2x boss 😄

Dia hati pun cermas. Pretend steady. Tapi jgn key in salah price bila nak beli dan jual.

Bad connection, ter-double posted.

Far from happy, didn't subscribe much as being cautious and selective due to bad market sentiment. This stock got a long way to go.

#tayor

Congratulations...

The first 10min is really heart breaking, later on little okay 😁

Expect much of the selling will be absorbed on monday...watch out. After that fly to the blue sky..

reach9 , rech10 pon koyak

nanti reach11 baru hamtam sikit

look like all ipo suka kasi discount

the more the better

still can hold for long term ???

If your financial is strong enough... And don't mind waiting quite some time... To take profit...

🙏

Reach Ten is 'Reaching Zero' already....made money from IPO and down it goes....