SIK Cheong IPO
Consumer Products & Services, Food & Beverages. Offered at RM0.27 a share, listed on 13 Aug 2024.
Timeline
- Offer opens19 Jul 2024
- Offer closes30 Jul 2024
- BallotingDone
- Listed13 Aug 2024
Public applications for 213.5 times the shares on offer, 26,395 applications.
Opened above the offer price, closed +33.3% on day one.
About SIK Cheong
Sik Cheong is a Malaysia-based group principally engaged in the repackaging, marketing and distribution of RBD (refined, bleached and deodorised) palm olein cooking oil under its own brands (Sawit Emas, Vitamas, Pingat Emas) in subsidised and non-subsidised formats across various packaging sizes.
CISCOM's forecast for SIK Cheong 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.