Malaysian IPO Forecaster

Pioneer Heat Holdings Berhad PIONEER UPCOMING

ACE

Listing Date

17 Sep 2026

Issue Price

RM0.25

PE Ratio

10.55x

Oversubscription

47.8x

Issuing House

AscendServ

Market Cap

RM86.72M

Bullish — Forecast +15–40%

Strong oversubscription (47.8x), low PE, cheap oil & gas services play

ACE Market+5

Issue Price (RM0.15–0.30)+15

PE Ratio (<15)+5

Oversubscription (>20x)+15

Issuing House (AscendServ)+4

Sector Momentum (Energy-adjacent)+3

Base Score40

SLGC Berhad SLG UPCOMING

ACE

Listing Date

06 Oct 2026

Issue Price

RM0.28

PE Ratio

9.79x

Oversubscription

Pending

Issuing House

TIIH

Market Cap

RM156.80M

Bullish — Forecast +15–35%

Construction sector, TIIH track record, low PE, MITI allocation

ACE Market+5

Issue Price (RM0.15–0.30)+15

PE Ratio (<10)+10

Oversubscription (Pending)—

Issuing House (TIIH)+6

Sector Momentum (Construction)0

Base Score40

GB Bond Holdings Berhad GBBOND UPCOMING

ACE

Listing Date

01 Oct 2026

Issue Price

RM0.25

PE Ratio

12.82x

Oversubscription

Pending

Issuing House

MIH

Market Cap

RM103.08M

Neutral — Forecast +5–20%

Industrial adhesives, MIH underwriting has mixed results

ACE Market+5

Issue Price (RM0.15–0.30)+15

PE Ratio (<15)+5

Oversubscription (Pending)—

Issuing House (MIH)+2

Sector Momentum (Chemicals)0

Base Score40

Evocom Berhad EVOCOM UPCOMING

ACE

Listing Date

28 Sep 2026

Issue Price

RM0.18

PE Ratio

26.09x

Oversubscription

Pending

Issuing House

MIH

Market Cap

RM82.01M

Neutral — Forecast +5–15%

E-commerce logistics staffing, high PE limits upside

ACE Market+5

Issue Price (RM0.15–0.30)+15

PE Ratio (>15)0

Oversubscription (Pending)—

Issuing House (MIH)+2

Sector Momentum (Tech/Logistics)+3

Base Score40

Butterfield FB Berhad BFIELD LISTED

ACE

Listing Date

15 Sep 2026

Issue Price

RM0.48

PE Ratio

12.63x

Oversubscription

18.67x

Issuing House

TIIH

Market Cap

RM384.00M

Listed — Oversub 18.67x, TIIH-backed F&B play

Coffee/tea extract manufacturer, Shariah-compliant, MITI allocation

Scores calculated from additive criteria (Base 40 + Bonuses):

🏷️ Issue Price: RM0.15–0.30 = +15 | RM0.30–0.50 = +5
📊 PE Ratio: <10 = +10 | <15 = +5
🔥 Oversubscription: >20x = +15 | >10x = +10
🏦 Issuing House: TIIH (70% bullish) = +6 | AscendServ = +4 | MIH (55%) = +2
📈 Sector Momentum: Energy = +7 | Tech = +5 | Energy-adjacent = +3 | Other = 0
🎯 ACE Market: +5

Score range: 40 (low) – 100 (high). Pending data excluded from bonus.