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The fair value for Elsa Bhd’s IPO is generally pegged at RM0.24 per share. This represents a slight premium over its IPO issue price of RM0.23 per share.The RM0.24 fair value target—recently estimated by market research—translates to a P/E valuation of 8.0x based on the company's estimated CY27F core earnings
CGS valuation.
The IPO price of rm0.28 (rm226m market capitalisation) values sum technology at a core FY25 earnings of 17.6 PE -118% PREMIUM to the peer average FY25 P/E of 8.1x comprising Critical holding (rm349m market capitalisation 13.4P/E) and events group holding (rm220m market capitalisation 2.8P/E... Latest P/E for sumtech is 21x..middle/average PE 20x..so sumtech a bit premium..maybe open 0.26-0.30
Raising nearly RM33 million is a significant move. The real question is how effectively SUM can deploy the capital to generate sustainable growth and shareholder returns
That stock action currently quite boring because no real volume moving inside yet. Better wait for clearer chart pattern before you decide to jump in and commit your capital.
This IPO seems quite overvalued n the PE ratio is too high. The PAT growth is also not very attractive and stable. Even though the company has customer from unisem berhad, they contribute less than 10% of total revenue only. This IPO looks risky. The financials r not very stable and the cash position is also quite weak..the order book is also quite low below 40m..DYOR
Sum Technology is an engineering solutions provider that designs and builds highly controlled, contamination-free environments (cleanrooms) and utility systems for high-tech industries like semiconductors and data centers