ListedACE Market· 0305· Shariah-compliant

Sin-Kung Logistics IPO

Transportation & Logistics Services. Offered at RM0.13 a share, listed on 15 May 2024.

Offer price

RM0.13

Shares offered

303.5m

RM39m at offer

Market cap at listing

RM156m

Offer period

18 Apr 2024 to 2 May 2024

Listing date

15 May 2024

Principal adviser

M&A Securities Sdn Bhd

Timeline

Offer opens
18 Apr 2024
Offer closes
2 May 2024
Balloting
Done
Listed
15 May 2024

Oversubscription

26.5×

Public applications for 26.5 times the shares on offer, 13,179 applications.

First day of trading

Opened at the offer price, closed +7.7% on day one.

About Sin-Kung Logistics

Sin-Kung Logistics is an integrated logistics service provider principally engaged in trucking services, with a core focus on airport-to-airport road feeder services across Peninsular Malaysia, Singapore and Thailand.

First-day forecast

CISCOM's forecast for Sin-Kung Logistics 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.