Swift Energy IPO 讲解
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Figure 1: IPO timetable of Swift Energy Technology Berhad
-Will be listed on the ACE Board
Info of IPO
Enlarged no. of shares upon listing:  1000.8 million
IPO price: RM0.28
Market capitalization: RM280.224 million
Estimated funds to raise from Public Issue:  RM70.06 million
PE ratio = 22.96x (based on FY2023)
Figure 2: Business model of ...

$CBHB (0339.MY)$ CBH Engineering Holdings (CBH Engineering Holding Berhad, CBHB, 0339) will be open for public subscription from December 20 to January 2 next year, planning to issue 0.298 billion new shares, with the public holding 5% of the enlarged share capital. The offer price per share is 28 cents, aiming to raise up to 83.44 million Ringgit. CBHB is expected to be listed on January 16 next year, with Mercury Securities as the sponsor.
The company is mainly engaged in the supply and distribution of electrical utilities, as well as providing electrical-related engineering services, including electrical design supply, installation, testing, commissioning, and maintenance projects. In the 2023 financial year, the revenue was 0.208 billion Ringgit, a year-on-year increase of 74.5%; net profit was 10.089 million Ringgit, a 65% increase compared to the previous year.

On 18th December 2024, Northern Solar Holdings Berhad $NORTHERN (0340.MY)$ launched IPO on the ACE Market. The subscription period was from 18th December 2024 to 20th January 2025. The IPO was priced at RM0.63 per share. According to the official prospectus,the listing is scheduled for 6th February 2025.
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Corporate Profile
Northern Solar Holdings B...

The final IPO of Bursa Malaysia in 2024 saw VStar Capital surge by 46%.
VStar Capital $WINSTAR (0336.MY)$ Jumping on the last bus at the end of the year, it opened with a bang on its first day of trading, surging by 46% or 16 sen, finally closing at 51 sen.
V Star Capital opened strongly at 49 cents this morning, with a 40% premium over the IPO price of 35 cents, or 14 cents, with the first transaction volume of 4.78 million shares.
The CEO, Mr. Cai Wenfeng, expressed to the media after the bell-ringing ceremony: "We are delighted with today's impressive stock price performance, which is largely due to the strong support from the market investors, enabling us to achieve such excellent results."
The stock price on its first day of listing once climbed to 56.5 cents, a 61.43% increase over the IPO offering price of 35 cents, or 21.5 cents.
Although the stock price later experienced a slight retreat, it closed at 51 cents at the end of the day, with a premium of 16 cents or 45.71%, and a trading volume of 82.36 million shares, making it the second hottest stock of the day.
At the same time, Cai Wenfeng is also confident in the company's prospects after listing.
He explained: "The booming development of domestic construction and property, as well as the potential opportunities for solar energy projects brought by the National Energy Transition Plan (NETR), are all favorable factors that can drive the company's growth."
"We believe that the company will be able to adapt quickly to market changes, develop new products, and expand into new niche markets."
The rise in aluminum prices is beneficial to the core business.
VStar Capital is a holding company with four subsidiaries, namely VStar Venture, VStar Asset Management, VStar Philanthropy Foundation, and VStar Financial Services, covering a wide range of industries such as asset management, venture capital, philanthropy, and financial services.