KuCingko Berhad is about to go public (the IPO of a 2D animation studio), a company focused on 2D animation production, which will be listed on the Malaysian motherboard.
IPO details
Application date: June 28
Deadline: July 12
Draw date: July 16
Listing date: July 26
Listing Price: RM0.30
Total Market Capitalization: 150M
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Business Overview
Kucingko is mainly engaged in 2D animation production, helping production companies produce cartoons and animations. The company is a midstream enterprise in the animation industry, providing animation production services for brand companies. Although specific works cannot be disclosed, some works are broadcast on platforms such as Cartoon Network. The company's main markets are in Europe and America, with North America accounting for 74% and Europe accounting for 24%.
Financial status
KuCingko's revenue has grown significantly over the past three years, from 15M in 2020 to 28M in 2023. Net profit also increased from 3.68M in 2020 to 8.36M in 2023, with an average annual growth rate of over 30%. The company's balance ratio is low and the financial situation is healthy. After listing, the company plans to distribute 40% of profits as dividends to shareholders, which is attractive.
Use of listing capital
The company plans to raise 30M of which 17.7M 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 pawn shop) will soon be listed on the Malaysian main board. The company focuses on the pawnshop business. Currently, it has 23 pawnshops and 4 gold and jewelry stores in Johor State, and sells through websites and e-commerce platforms. The company's main sources of revenue include pawnshop interest and jewellery and gold transactions.
IPO details
Underwriter: Kenanga Investment Bank
Co-contractor: CGS International (formerly CIMB Investment Bank)
Application date: June 26
Deadline: July 10th
Draw date: July 12
Listing date: July 23
Listing Price: RM1.15
Total Market Capitalization: 690M
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Business Overview
Well Chip's core business includes pawnshop services and gold and jewellery 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 apps enable traditional pawnshop businesses to thrive in the digital age.
Financial status
The company has gradually expanded over the past four years, from 14 pawnshops to 22, and the loan amount increased from 500M to close to 1 billion. Revenue mainly comes from gold and 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....

As the semiconductor company is doing quite bad recently, Intel $Intel(INTC.US)$ is one of the market leaders who delivered bad earnings report. As per consensus, the current earnings reports for Intel might be a loss making one.
Therefore we think that the chances of Intel to retest its all time low around 24 is very high and we might see a triple bottom over there. There is still a 20% downside risk in this situation.
Consequently, it might be very go...

Today we are going to have another earnings report which is Amazon $Amazon(AMZN.US)$ . Although the share price has been quite up trend recently, we believe after the earnings we might see some profit taking pressure soon.
As long as the retracement are able to hold above the yellow line, we think that the short-term uptrend might still intact, therefore 94-96 might be a very important support level if the share price is able to hold over there.
If the share price dro...

Yesterday we had Microsoft and google both reports good earnings report where beat their estimates but most of the traders still decide for a profit taking days. We believe that the trend might continue in this week.
Today we are going to have Meta $Meta Platforms(META.US)$ previously known as facebook to have their earnings report. Although the share price has been going up tremendously in the recent 6 months (double from its bottom).  But w...

Regarding alphabet (google) $Alphabet-C(GOOG.US)$ , the stock price has been always trading inside a parallel channel for approximately half a year. The earnings reports for the company itself it’s coming out on today as well.
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...

Yesterday we talked profit taking after KO and we see that happened exactly even with good earnings reports as the share price has hit the resistance level. Today we think that the same thing might happened to Microsoft $Microsoft(MSFT.US)$ at it has reached the resistance around 290 earlier and it was unable to breakthrough.
Hence, we believe that today might be a profit taking day where most of the trading going to sell on news no matter the ear...

Today we are going to have a look on Coca-Cola $Coca-Cola(KO.US)$ from Technical Analysis point of view.
Besides, we are going to see their earnings report publish today.
KO is an uptrend stock unless those technologies counter under Nasdaq. But the share price has been going up consistently for approximately a month from 59 to 64 (not even 10%). From the stock chart we could see that the share price is not volatile at all, consequently if we would...