Good morning mooers! Here are things you need to know about today's market:
● Market Falls For What Feels Like the Fourth Day
● Malaysia's Digital Creative Sector Grows with Over 300 Studios and RM6.3 Billion Revenue
● Malaysia's Political Stability and Policies Draw Global Tech Investments
● Stocks to Watch: Velesto, MPHB, Kuchai, Sungei Bagan, Lay Hong, etc.
- Moomoo News MY
Wall Street Summary
The market...

Stock Price (2024/06/13): RM0.280
P/E: 8.47 times
Dividend yield: N/A
NTA: RM0.270
It seems like yesterday was a very good day, as three companies released their prospectuses preparing for listing at once?
And among these three IPOs, the moderator has also selected the company that is thought to be the most interesting for discussion; but first, it is important to mention that this is not a recommendation to buy or sell, and by the end, everyone needs to filter it themselves.
Let's first talk about why there is a perception that Ocean Fresh Berhad (OFS, 0312) is so interesting; firstly, OFS has only 210.1 million shares in this IPO, priced at RM0.280 per share, which means that after listing, the company's market cap will be RM58.8 million, considered relatively small for IPOs within 2024.
Furthermore, OFS's IPO this time did not include MITI's subscription, nor did any shareholders sell their equity (referred to as Offer for Sale, coincidentally also 'OFS'), quite intriguing.
In other words, OFS falls under the category of small-cap stocks, with low selling pressure, and upon further investigation, the background of a few major shareholders is also remarkable. If interested, you can browse through the prospectus and delve deeper into research...
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