MKH Oil Palm (East Kalimantan) IPO
Plantation. Offered at RM0.62 a share, listed on 30 Apr 2024.
Timeline
- Offer opens29 Mar 2024
- Offer closes16 Apr 2024
- BallotingDone
- Listed30 Apr 2024
Public applications for 8.4 times the shares on offer, 9,510 applications.
Opened above the offer price, closed -0.8% on day one.
About MKH Oil Palm (East Kalimantan)
MKH Oil Palm is a Malaysian-incorporated holding company whose operations are entirely in East Kalimantan, Indonesia, where it cultivates oil palm across approximately 18,205 Ha and operates a palm oil mill to produce and sell Crude Palm Oil (CPO) and Palm Kernel (PK).
CISCOM's forecast for MKH Oil Palm (East Kalimantan) is available to Pro members.
Every IPO gets a projected first-day range and a probability of opening above the offer price, built from the most similar past listings on Bursa Malaysia. Across 246 IPOs in the walk-forward back-test, the model called the first-day direction right 74% of the time. Educational estimates, not investment advice.
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Facts on this page come from Bursa Malaysia announcements, the prospectus and issuing-house press releases, and can change. CISCOM is an educational service and does not provide investment advice. Past performance does not guarantee future results. Consult a licensed adviser before investing.