With a subscription rate of 100 times that has been lost in a long time, does the Day3 listing mean RM1?
Daythree is a global service provider (GBS) that provides customers with one-stop service support, such as technical support, customer retention management, accounts receivable management, content review, transaction processing, business analysis, etc. Simply put, it helps enterprises improve business efficiency while reducing operating costs
Its business is divided into three major digital tools, namely Daisy, Saige, and Faith. Through these tools, it provides customers with a range of life cycle management services. From acquisition, participation, retention, to feedback, we collect data between customers and customers, and organize it through an AI automated system to maximize the efficiency of business sales
Furthermore, the Group covers a wide range of customer fields, with the highest contributions being the energy and utilities, telecommunications and media, finance, and infrastructure sectors, respectively
Its business is divided into three major digital tools, namely Daisy, Saige, and Faith. Through these tools, it provides customers with a range of life cycle management services. From acquisition, participation, retention, to feedback, we collect data between customers and customers, and organize it through an AI automated system to maximize the efficiency of business sales
Furthermore, the Group covers a wide range of customer fields, with the highest contributions being the energy and utilities, telecommunications and media, finance, and infrastructure sectors, respectively
According to the prospectus, turnover for the past three years has maintained double-digit growth, but net profit declined in 2022. This is because it received tax relief approval from the MDEC government department from establishment to 2021, so income tax must begin to be paid in FY2022. However, in January 2023, the Group received another tax exemption and was extended to 2027, which will help increase actual earnings for the next 5 years
Another focus of market attention was that Hextar CEO Dato' Wangming appeared at the IPO press conference. Although the name was not mentioned in the prospectus, what comes to mind is the private placement of shares. As long as this popular person and management don't sell stocks, then there will be very little stock circulation in the market. This has also become an important key for Daythree to have a subscription rate of 100 times
If there are no surprises, the trend on the day of listing should not be lost to previous rising tech stars. When it comes to development, Daythree is worth keeping an eye on. However, when it comes to valuation and fundamentals, there are currently more cheap and affordable options
Follow me to take back control of the Malaysian stock market
Another focus of market attention was that Hextar CEO Dato' Wangming appeared at the IPO press conference. Although the name was not mentioned in the prospectus, what comes to mind is the private placement of shares. As long as this popular person and management don't sell stocks, then there will be very little stock circulation in the market. This has also become an important key for Daythree to have a subscription rate of 100 times
If there are no surprises, the trend on the day of listing should not be lost to previous rising tech stars. When it comes to development, Daythree is worth keeping an eye on. However, when it comes to valuation and fundamentals, there are currently more cheap and affordable options
Follow me to take back control of the Malaysian stock market
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