Eco-Shop opens higher on Main Market debut, bucking recent IPO trend
KUALA LUMPUR: Eco-Shop Marketing Bhd made a strong debut on Bursa Malaysia's Main Market, opening at RM1.25, a 12 sen or 10. per cent premium over its initial public offering (IPO) price of RM1.13.
The counter was the most actively traded stock at market open, with over 25 million shares changing hands. The listing, which raised RM392.11 million, is Malaysia's largest IPO in the past nine months.
Eco-Shop is the 22nd company to list on Bursa this year, standing out against a backdrop of subdued first-day performances from recent IPOs, particularly since Pantech Global Bhd's debut on March 3.
The listing brings the fixed-price retail chain's market capitalisation to RM6.49 billion based on the IPO price. At the opening price of RM1.25, Eco-Shop's market capitalisation rose to about RM7.18 billion.
Founded in 2003, Eco-Shop operates 349 outlets across Malaysia as of March 2025, offering everyday items such as snacks, kitchenware and household essentials.
The brand is known for its fixed pricing model, RM2.60 in West Malaysia and RM2.80 in East Malaysia, which has resonated with price-sensitive consumers.
The company plans to open 70 new stores this year, representing a 19.6 per cent expansion in its store network, outpacing Mr DIY's 12.9 per cent and 99 Speed Mart's 5.9 per cent, according to a report.
Proceeds from the IPO will fund the construction of a semi-automated distribution centre in Klang and support new store openings.
In its latest quarterly results ended Feb 28, 2025, Eco-Shop reported a 45 per cent year-on-year increase in net profit to RM61.72 million, while revenue rose 17.2 per cent to RM736.35 million.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malaysian Reserve
10 hours ago
- Malaysian Reserve
Moomoo Malaysia Supported by Bursa Malaysia Launch Campaign to Drive Retail Investor Growth and Capability
KUALA LUMPUR, Malaysia, June 6, 2025 /PRNewswire/ — Moomoo Securities Malaysia Sdn. Bhd. ('Moomoo Malaysia') has launched a strategic investor development campaign supported by Bursa Malaysia in conjunction with Bursa Malaysia's Shares2U program, aimed at equipping Malaysian retail investors with the tools, incentives, and market structure needed to engage capital markets with greater confidence and competence. Running from 6 June to 7 July 2025, this campaign blends incentive-led onboarding with performance-based learning. New and experienced investors alike can access a streamlined, technology-driven trading experience via the Moomoo Malaysia platform, which offers tools, insights, and live data to support smarter investment decisions. The campaign introduces a two-pronged opportunity for Malaysians to build investing confidence through: Rewards worth up to RM 2,200 for new moomoo users, including RM 400 worth of Bursa-listed stocks, and A national Malaysia stock trading challenge that is open to all users, with a total prize pool of up to RM 14,000, designed to sharpen real-market trading skills. Central to the campaign is moomoo's emphasis on capability-building. The platform delivers real-time market data, advanced screeners, and analytics tools typically used by professional investors tailored for Malaysian users. By aligning incentives with trading education and decision-making, the campaign supports more informed, self-directed participation in Malaysia's capital markets. 'The long-term health of Malaysia's capital markets will be shaped not by short-term retail surges, but by sustained, self-directed investor capability,' said Ivan Mok, Chief Executive Officer of Moomoo Malaysia. 'This campaign supports that trajectory – not just through access to market, but through informed engagement with the market. In partnership with Bursa Malaysia, we're combining institutional trust with our professional-grade, real-time trading tools to help Malaysians become active, smart and informed participants in the stock market.' Elevating Investor Literacy at Scale Unlike traditional campaigns focused solely on incentives, this initiative emphasises market experience and financial literacy. The moomoo platform provides Malaysian users with institutional-grade tools, including real-time data feeds, advanced screeners, and analytics, in a retail-accessible environment. This technology-first approach is intended to strengthen trading discipline and investor readiness across market cycles. 'With markets entering a more uncertain phase – from renewed trade tensions to sector-level volatility, the gap between simply participating and investing with discipline is becoming more obvious,' said Ivan Mok, CEO of Moomoo Malaysia. 'In this environment, investors need more than access. They need the tools and experience to think strategically, manage risk, and stay engaged. That's the focus of this campaign, to help investors build capability in real time, with the tools and experience to think strategically, manage risk, and stay engaged in the market.' The trading challenge is open to all users, while additional rewards are available exclusively to new users who meet the qualifying deposit criteria. For more information, visit our website. *T&Cs apply. Stock rewards value will fluctuate based on market conditions. Investments involve risk. Full disclaimers at This advertisement has not been reviewed by SC.
Barnama
27-05-2025
- Barnama
Bursa Malaysia Opens Easier On Lack Of Market-Moving News
At 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.59 points to 1,532.71 from Monday's close of 1,534.30. KUALA LUMPUR, May 27 (Bernama) -- Bursa Malaysia traded easier during early morning trade, dampened by a lack of market-moving news as traders awaited more clarity from the Trump administration on tariffs, analysts said. In the broader market, gainers led decliners 171 to 146, with 257 counters unchanged, 1,821 untraded and 17 suspended. It noted that Wall Street was closed on Monday in conjunction with Memorial Day, but the US equity futures advanced as investors reacted positively to President Trump's tariff deadline extension on the European Union. 'Besides, given rising geopolitical tension, and amid uncertainty surrounding the Trump administration's stance on tariff, we expect the market to adopt a defensive stance, and the momentum in real estate investment trusts may persist,' it said. Malacca Securities Sdn Bhd in a note today said the market may face further weakness amid continued foreign fund outflows. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said traders were also concerned that a prolonged price war amongst the electric vehicles players to clear inventory will see extended margin compression. Back home, the FBM KLCI closed marginally lower on Monday as foreign selling is suspected to remain prevalent. 'These short term trades by foreign funds would certainly lengthen the consolidation of the benchmark index. For today, we expect the index to trend between the 1,535-1545 range,' he told Bernama. Among heavyweight stocks, Maybank fell four sen to RM9.88, while Public Bank dropped three sen to RM4.38, Tenaga and IHH Healthcare slid two sen each to RM13.98 and RM6.89 respectively, and CIMB shed one sen to RM6.95. Among active stocks, NexG bagged one sen to 37.5 sen, MYEG gained 1.5 sen to 91 sen, OCR Group and Velesto were flat at RM3.5 sen and 17 sen respectively, while Armada eased one sen to 47.5 sen. On the index board, the FBM Emas Index lost 5.55 points to 11,450.14, the FBMT 100 Index fell 6.59 points to 11,212.12, and the FBM ACE Index was down 8.20 points to 4,589.87. The FBM Emas Shariah Index increased 0.14 of a point to 11,390.13, and the FBM 70 Index added 10.58 points to 16,313.94. Across the sectors, the Financial Services Index was 23.92 points higher at 18,147.16, the Industrial Products and Services Index inched down 0.02 of a point to 153.72, the Energy Index eased 1.34 points to 704.57, and the Plantation Index inched up 0.65 of a point to 7,336.02. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
New Straits Times
26-05-2025
- New Straits Times
Eco-Shop slips on second trading day after upbeat debut
KUALA LUMPUR: Eco-Shop Marketing Bhd saw its share price dip in early trade on its second day of listing on the Main Market of Bursa Malaysia, falling 4.17 per cent to RM1.15 as of 10.08am. The counter opened at RM1.19, its intraday high so far and already below last Friday's closing price of RM1.20, before retreating to RM1.15, the morning's low at press time. This came after the discount retailer defied market expectations with a solid debut at the end of last week. The initial public offering (IPO) was priced at RM1.13 per share. With 19.61 million shares changing hands, Eco-Shop was the third most actively traded stock on Bursa Malaysia this morning. At RM1.15 per share, the company's market capitalisation stood at RM6.61 billion. Whether the stock can regain ground remains to be seen, but its weaker showing likely reflects broader market jitters and fragile sentiment amid global uncertainties. Eco-Shop's listing came amid a stretch of subdued IPO debuts, with most counters closing below their offer price on the first day of trade. Its first-day performance bucked a recent trend in which many new Main Market listings struggled to hold above their IPO prices. Between March and May, most Main Market IPOs recorded either negative or modest first-day gains, except for Reach Ten Holdings Bhd and Hi Mobility Bhd, amid cautious investor sentiment. Eco-Shop's IPO, Malaysia's largest in eight months, raised RM974 million in total. The company plans to channel the proceeds into expanding its retail and distribution footprint, repaying borrowings and upgrading its information technology infrastructure. Founded in 2003, Eco-Shop operates 349 outlets across Malaysia as of March 2025, offering everyday items such as snacks, kitchenware and household essentials. The brand is known for its fixed pricing model, RM2.60 in West Malaysia and RM2.80 in East Malaysia, which has resonated with price-sensitive consumers.
