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 (Chinese name: Dayuan's pawnshop) is about to be listed on the Malaysia Main Board. The company specializes in pawnshop business and currently has 23 pawnshops and 4 gold jewelry stores in Johor State, which are sold through websites and e-commerce platforms. The company's main sources of revenue include pawnshop interest and jewelry gold transactions.
IPO Details
Underwriter: Kenanga Investment Bank
Joint Contractor: CGS International (formerly CIMB Investment Bank)
Application Date: June 26th
Deadline: July 10th
Drawing Date: July 12th
Listing Date: July 23rd.
Listing Price: RM1.15.
Total Market Value: 690M.
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Business Overview
Well Chip's core businesses include pawnbroker services and gold jewelry trading. The company has 23 pawnshops in Johor and plans to open more stores in Johor and Melaka. The company's e-commerce platform and mobile application have enabled traditional pawnshop businesses to thrive in the digital age.
Financial condition
The company has gradually expanded over the past four years, increasing from 14 pawnshops to 22, with loan amounts growing from 500 million to nearly 1 billion. Revenue primarily comes from gold jewelry sales, accounting for...

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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With the share price around the upper resistance of the parallel channel, we think that traders are going to take the opportunity during the release of earnings report for profit taking. As what we often see on the stock mar...

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