Bursa Malaysia has been starved of large listings over the last few years. The heydays of many large IPOs seem to be over.
Active market: A trading gallery of a brokerage in Kuala Lumpur. Bursa Malaysia is expecting 39 companies to launch their IPOs – most of them on the ACE Market – this year to raise proceeds of about RM3bil. — Bloomberg
But since then, the company has delayed its listing due to weak market sentiment. It is a 50:50 chance that the company will make it to the market this year. The company has been reporting some healthy growth numbers and its export-driven business model should also be attractive features along with the healthy cashflows it churns out.
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