Ocean Fresh: A New Wave in ACE Market - Let's Discuss!
Hello moomoo users![]()
! We're excited to announce our first collaboration with Bursa Security, introducing online IPO applications for Malaysian stocks right on our platform – we now support online IPO applications 🎉 Follow moomoo to get to know this listing company, Ocean Fresh!
Who is Ocean Fresh?
Ocean Fresh Private Limited, a pioneer in Maldivian fisheries established in 2001, plans an IPO in the ACE Market of the Malaysia Stock Exchange with a 23.81% stake on its enlarged issue after selling 50.05 million shares. The frozen seafood firm disclosed that half of the 10.51 million shares available for public subscription via balloting are reserved for Bumiputra investors. In terms of financial performance, Ocean Fresh Berhad's total revenue for the fiscal years 2020 to 2022 were RM 94.055 million, RM 158.469 million, and RM 156.330 million respectively. During the same timeframe, the company's net profits were RM 2.403 million, RM 4.020 million, and RM 5.581 million. The profit CAGR from 2020 to 2022 was approximately 52.4%.View more>
Prospects of Wealth in the Malaysian IPO Market
The Malaysian IPO market has been particularly vibrant since the beginning of 2024, with 19 companies having gone public by June 10th, spanning healthcare, agriculture, and technology. On their IPO day, these companies enjoyed an average initial surge of 8.75%, with six of them experiencing an increase of over 10%.
Notably, two companies have seen their share prices soar by more than 50% on their debut on ACE Market, specifically Kawan Renergy at 55.00% and Farm Price at a remarkable 70.83%. View more>
💡 Reasons to choose Moomoo MY for IPO subscriptions:
1. No fees：During the promotion period, there will be no subscription fee for participating in Malaysia IPO subscriptions.🎉
2. Easy to use：
To participate in a Malaysia IPO subscription in the moomoo app, follow the steps below:
Method 1: Go to the Accounts tab >CDS Account-IPO >More> IPO
Method 2: Go to the Markets tab > MY > IPO > Available tab > subscribe
3. Powerful Features
Join the IPO now and share your subscription screenshot to win generous rewards!
Rewards🎁:
100 points: Share a screenshot of your subscription to Ocean Fresh on moomoo and write down your reasons for participating in the IPO.
88 points: What are your expectations for the future development of Ocean Fresh? How do you plan to invest in the future?
The top 5 influential submissions over 30 words will be rewarded with 300 points.
Event time:
Malaysian Time: 2024/06/12 12 :00 PM – 2024/06/20 4:00 PM
*NOTE：
1. The influential posts will be selected based on post quality, originality, creativity, and influence.
2. Posts that are not original or relevant shall be excluded.3. All rewards are mutually exclusive.
2. Posts that are not original or relevant shall be excluded.3. All rewards are mutually exclusive.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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CY90 : Why IPO can have direct cds but normal securities can't have direct cds.
WanEH : I will try the ocean fresh IPO and I think it has the good future. proteins is the nutrition that needed by everyone. and now the most fastest and efficient way to get the protein is from the sea, which is fish, seafood. and the demand is keep increasing every year.
LCS168 : i think ocean fresh is good company for long term invest. the demand of fish is never stop. and i think the opening price at least is 20% up. i will try this ipo
ChengHoe : i will try my luck on this IPO. I think it has the good prospectus and will utilize the fund for expension. it may open high above the IPO price and make some profit
103911561 : RM94.055 billion should be RM9.4055 million
102123751 103911561 : $USD/MYR (USDMYR.FX)$