IPO Forecaster

Business: Semiconductor and solar-equipment precision fabrication, sub-assembly and abatement systems.

Financials: FY2025 revenue RM108.94m; net profit RM11.20m; implied market cap about RM154.26m; approximate trailing PE 13.8x.

Use of funds: RM17.00m for abatement-system components and expansion; RM4.93m machinery/team; RM1.54m India sales/service centre; balance for borrowings, working capital and listing costs.

Catalyst: Semiconductor capex, abatement demand, UHP fabrication and India expansion.

Key risk: Execution/customer concentration and semiconductor-cycle risk.

Business: Building construction contractor on the ACE Market.

Financials: FY2025 revenue RM324.00m; four months ended Apr 2026 revenue RM149.22m and net profit RM6.01m.

Use of funds: Bursa confirms public issue and placement structure; read the prospectus before relying on proceeds allocation.

Catalyst: Visible order book and construction execution; public reporting cited an order book around RM1bn.

Key risk: Project-margin, contract-award, execution and working-capital risk.

Business: Industrial adhesives, emulsion polymers and sealants manufacturer.

Financials: Six months FY2026 revenue RM28.80m and net profit RM5.19m; verify against the electronic prospectus.

Use of funds: IPO price RM0.25; public coverage says proceeds target expansion. Full allocation is linked below.

Catalyst: Capacity expansion and industrial demand.

Key risk: Manufacturing margin, raw-material pricing, customer concentration and small-cap liquidity.

Business: Flexible staffing and e-commerce supply-chain support, including hub-management operations.

Financials: 1H2026 revenue RM84.22m and net profit RM1.54m; FY2025 revenue reported around RM78.6m.

Use of funds: IPO supports e-commerce supply-chain and staffing operations; verify detailed allocation in the prospectus.

Catalyst: New hub-management revenue and e-commerce fulfilment demand.

Key risk: Thin profit margin, labour-cost intensity and execution risk.