$99SMART (5326.MY)$ this ipo have a strong resistance at 🍻 but the question is?

$SDCG (0321.MY)$
Good Luck Have Fun

Timetable of IPO
Figure 1: IPO timetable of SDCG
Source: $SDCG (0321.MY)$ IPO Prospectus
-Will be listed on the ACE Board
Full Video for SDCG IPO (Chinese version) - YouTube
Info of IPO
Enlarged no. of shares upon listing: 423.82246 million
IPO price: RM0.38
Market capitalization: RM161.05 million
Estimated funds to raise from Public Issue:  RM45.09 million
PE ratio = 25.36x (based on FY2023)
Business Model
Figure 2: Business model of SDCG
Sour...