Latest news with #RM1.00
New Straits Times
5 hours ago
- Business
- New Straits Times
CGS Malaysia supports WCT's RM560mil listing of Paradigm Reit
KUALA LUMPUR: CGS International Securities Malaysia says it has completed its role as joint bookrunner and underwriter for Paradigm Real Estate Investment Trust's RM560 million initial public offering (IPO). Paradigm Reit's IPO, in conjuction with its listing on the Main Market of Bursa Malaysia, raised RM560 million in gross proceeds for its sponsor WCT Holdings Bhd. This marks the largest Malaysian Reit IPO in over a decade and represents one of the largest listings on the local bourse so far this year, CGS Malaysia said. The company said the IPO's 560 million units on offer were priced at RM1.00 per unit with an indicative distribution yield of 7.16 per cent in 2025. "Paradigm Reit saw positive institutional demand, with the full subscription of the institutional tranche of 426.59 million units, including reallocated units from the retail portion, amid challenging market conditions. "The completion of Paradigm Reit's IPO highlights the enduring quality of its RM2.4 billion portfolio of retail assets across key population centres in West Malaysia," it said. The assets are Bukit Tinggi Shopping Centre, Paradigm Mall Petaling Jaya and Paradigm Mall Johor Bahru. "The Reit's portfolio boasts full or near-full occupancy and a diversified tenant mix, combined with WCT's backing as its sponsor, serves as a solid foundation for the Reit's long-term performance," said Alan Inn, deputy chief executive officer of CGS Malaysia. "The success of Paradigm Reit's IPO underscores the resilience and depth of Malaysia's equity capital markets, and reaffirms our commitment to supporting corporate development and fundraising initiatives in Malaysia," he added.
Malaysian Reserve
20-05-2025
- Business
- Malaysian Reserve
Gold miner AuMas gets 'Buy', target price 86 sen
AuMas Resources Bhd, the nation's sole listed gold miner with exclusive concession in Sabah, has received a 'Buy' call with a 52-week target price of 86 sen. In a initiation research note released today, BIMB Securities Research said its these was premised on three points: scalable output; cost efficiency gains and gold price leverage as well as undervalued resource optionality. 'With a gold supercycle tailwind, we forecast earnings CAGR of 22% (FY25–27). Valuation at 18x FY25F P/E is undemanding given a 19% ROE. Catalysts include sustained high gold prices, output ramp-up, and mines exploration. Key risks include production shortfalls and gold price volatility,' it said. However, it cautioned that the report did not meet BIMB's usual standards of rigour. Despite our best efforts, it said management declined a direct engagement , citing a pending litigation outcome expected by end-May. 'Markets do not pause—and neither do we. Our analysis draws from publicly available company disclosures, benchmarking against comparable local mining peers, and our guesstimates,' the research house said. AuMas has an exclusive concession at Bukit Mantri, Sabah until 2048. The area sits on a gold and silver deposit of 6.5 and 20.5 tonnes respectively, valued at RM3 billion at today's prices. Formerly known as Bahvest Resources Bhd, the company's mine is located 39 km from Tawau Airport and 64 km from Tawau town, with mining rights secured through a 33-year concession from the Sabah Lands and Surveys Department. The total concession area spans 317.7 hectares, of which 28 hectares have been delineated as a defined mineral resource zone currently under active mining, according to the report. It noted that AuMas' leadership team has limited direct experience in mining or the broader resources sector. While not a criticism in itself, it said it naturally raised questions about operational depth as the company enters a more technical growth phase. AuMas CEO Tzu Khen Chong, 67, is a long-time company insider, having served as CFO during the Bahvest era. While his continuity is valuable, his lack of mining-specific background may limit agility in managing operational complexity, noted the report. AuMas was trading at 71 sen at 11.45am today, valuing the company at RM1.3 billion. Its 52-week high/low was RM1.00/44 sen. — TMR
The Star
16-05-2025
- Business
- The Star
Main Market-bound Paradigm REIT aims to raise RM560mil from IPO
PETALING JAYA: Main Market-bound Paradigm Real Estate Investment Trust (Paradigm REIT) aims to raise RM560 million from its initial public offering (IPO). In a statement today, Paradigm REIT said that upon listing, which is scheduled for June 10, 2025, it is expected to achieve an estimated market capitalisation of RM1.6 billion based on the illustrative issue price of RM1.00 per offer unit and a total listing of 1.6 billion units. "Paradigm REIT's IPO is poised to be the largest Malaysian REIT IPO in the past 13 years and one of the largest IPOs in Malaysia for 2025. "This shows the ability and depth of the Malaysian equity capital market to support large capital raises despite market volatility arising from the ongoing trade war,' it said. - Bernama
Yahoo
19-02-2025
- Business
- Yahoo
When Should You Buy Top Glove Corporation Bhd. (KLSE:TOPGLOV)?
Top Glove Corporation Bhd. (KLSE:TOPGLOV), might not be a large cap stock, but it saw significant share price movement during recent months on the KLSE, rising to highs of RM1.41 and falling to the lows of RM1.00. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Top Glove Corporation Bhd's current trading price of RM1.00 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Top Glove Corporation Bhd's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. Check out our latest analysis for Top Glove Corporation Bhd The stock is currently trading at RM1.00 on the share market, which means it is overvalued by 28% compared to our intrinsic value of MYR0.78. This means that the opportunity to buy Top Glove Corporation Bhd at a good price has disappeared! Furthermore, Top Glove Corporation Bhd's share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. If you believe the share price should eventually reach its true value, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it's there, it may be hard to fall back down into an attractive buying range. Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With revenues expected to grow by 68% over the next couple of years, the future seems bright for Top Glove Corporation Bhd. If the level of expenses is able to be maintained, it looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? It seems like the market has well and truly priced in TOPGLOV's positive outlook, with shares trading above its fair value. At this current price, shareholders may be asking a different question – should I sell? If you believe TOPGLOV should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you've been keeping an eye on TOPGLOV for a while, now may not be the best time to enter into the stock. The price has surpassed its true value, which means there's no upside from mispricing. However, the optimistic prospect is encouraging for TOPGLOV, which means it's worth diving deeper into other factors in order to take advantage of the next price drop. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. In terms of investment risks, we've identified 2 warning signs with Top Glove Corporation Bhd, and understanding these should be part of your investment process. If you are no longer interested in Top Glove Corporation Bhd, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
