KucingKo Berhad is about to go public (IPO of a 2D animation studio), a company specializing in 2D animation production, will be listed on the main board of Malaysia.
IPO Details
Application Date: June 28
Deadline Date: July 12
Draw Date: July 16
Listing Date: July 26
Listing price: RM0.30
Market capitalization: 150M
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Business Overview
KucingKo is mainly engaged in 2D animation production, assisting production companies in producing cartoons and anime. The company is a mid-range player in the animation industry, providing animation production services to brand companies. Although specific works cannot be disclosed, some works are aired on platforms like Cartoon Network. The company's main markets are in Europe and the USA, with 74% of the business in North America and 24% in Europe.
Financial condition
KucingKo's revenue has significantly increased over the past three years, from 15M in 2020 to 28M in 2023. Net income has also increased from 3.68M in 2020 to 8.36M in 2023, with an average annual growth rate of over 30%. The company has a low debt-to-asset ratio and a healthy financial condition. After listing, the company plans to distribute 40% of the profits as dividends to shareholders, which is attractive.
Use of funds raised from listing
The company plans to raise 30 million in funding, of which 17.7 million will be used to establish new production offices in East Malaysia (Sabah and Sarawak), and expand Selangor...

Well Chip Group Berhad（中文名：大元的一家当铺）即将在马来西亚主板上市。这家公司专注于当铺业务，目前在Johor州拥有23家当铺及4家黄金珠宝店，并通过网站和电子商务平台进行销售。公司的主要收入来源包括当铺利息及珠宝黄金交易。
IPO 细节
承销商：Kenanga Investment Bank
联合承包商：CGS International（前身为CIMB Investment Bank）
申请日期：6月26日
截止日期：7月10日
抽签日期：7月12日
上市日期：7月23日
上市价格：RM1.15
总市值：690M
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业务概述
Well Chip 的核心业务包括当铺服务和黄金珠宝交易。公司在 Johor 拥有23家当铺，并计划在 Johor 和 Melaka 增设更多门店。公司的电子商务平台和移动应用程序使得传统的当铺业务也能在数字时代中蓬勃发展。
财务状况
公司在过去四年中逐步扩展，从14家当铺增加到22家，借贷金额从500M 增至接近1 billion。收入主要来自黄金珠宝销售，占...

BWYS Group's IPO is valued by an investment bank and the target price is 50% or more. Is there any interest?
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Today we are introducing BWYS GROUP BERHAD's IPO, created by M&A Securities. The application period starts on June 18, and the deadline is July 5. The lottery date is set for July 11, and the listing bell date is July 22. The company's IPO stock price was RM0.22, and the market capitalization reached 225M.
BWYS is mainly engaged in manufacturing, and its products include roof tiles, industrial shelving systems and welded pipes. In addition, the company also operates scaffolding supply and leasing and steel trading businesses. The business is mainly focused on metal products (about 70%) and scaffolding (about 20%).
The main allocation of 56M capital that the company plans to raise for the IPO is: new plant construction (22.8M), new equipment purchase (7.7M), software upgrade (10.8M), bank loan repayment (4M), and daily operating capital and listing expenses (total 11M).
Financially, the company doubled its performance from 2020 to 2021, but growth slowed from 2021 to 2023, mainly due to rising costs affecting profit margins.
BWYS's customers are widely distributed. The top 5 customers are mainly concentrated in Malaysia, and they do not rely too much on a few large customers. It is worth noting that most of the company's raw materials come from hot-rolled and cold-rolled steel from China....

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