Type a stock name or symbol, then select from the suggestions.
Posted on June 29, 2025 at 10:49 am (GMT+8)
Purpose of IPO: The company aims to raise RM 5.3 million, to be used for:
RM 3 million to repay bank borrowings,
The remainder for machinery purchase, working capital, and branding/marketing.
This implies ~57% for debt repayment and ~43% for expansion, reflecting a balance between stability and growth.
Placement size: 44,096,945 shares at RM 0.12 each.
Total capital raised: ~RM 5.3 million.
Outstanding shares: Likely equals placement size post-IPO on LEAP Market, though exact total is not confirmed.
First-Day Performance Outlook:
Low float could result in higher price swings.
Modest debut expected unless strong demand from niche institutional investors materializes.
Sponsor / Principal Adviser: ZICO Evolve Capital Sdn Bhd.
No underwriter mentioned (common for LEAP Market listings).
First-Day Outlook Based on Sponsor:
ZICO Evolve is active in LEAP listings, suggesting moderate credibility.
Absence of a strong underwriter may limit post-listing support.
MYAXIS operates in industrial machinery and engineering support services, targeting SMEs.
Operating in Malaysia’s growing manufacturing ecosystem (expanding ~4–5% annually).
No official financial statements publicly released yet.
RM 3 million in bank loans to be cleared—suggesting manageable leverage.
A relatively small player in a fragmented sector.
No data available on current market share or major customers.
Names not yet disclosed; expected to be detailed in the IPO prospectus.
Malaysia’s industrial and manufacturing sectors show solid growth.
Demand for machinery and support services is growing in tandem.
Listing planned for 30 June 2025.
Mid-year listings may attract more investors due to semi-annual portfolio rebalancing.
Malaysia’s GDP projected to grow at ~4% in 2025.
Stable inflation and interest rate expectations support capital markets.
No major recent news or disruptions related to MYAXIS or its sector.
Generally stable, but LEAP Market limitations restrict public trading to sophisticated investors only.
Awaiting full release. Early indicators suggest standard LEAP structure with low dilution.
Customer concentration,
Reliance on equipment procurement timelines,
Volatility in raw material prices,
Thin liquidity on LEAP Market.
Focus on machinery acquisition and branding.
Strong emphasis on modernization and production capacity scaling.
Promoter holdings and lock-in period details pending prospectus release.
Strong promoter commitment expected due to sponsor vetting.
Note: MYAXIS lacks complete financial disclosures at this stage.
No other LEAP Market IPOs announced in the same timeframe.
Compared to ACE Market, smaller in scale.
Machinery sector peers showed +2% to +4% movement over the past 10 days.
Indicates mild positive sentiment but not high momentum.
IPO Price: RM 0.12
Estimated First-Day Price Range: RM 0.12 – RM 0.15
Expected Performance: Mildly above IPO price (potential 10–25% gain) if industrial demand drives interest.
Investor Suitability: Best for long-term, sophisticated investors targeting niche growth in Malaysian manufacturing.
The prospectus will be made available at Bursa Malaysia’s official website under LEAP Market listings section closer to the listing date.
Thank you
Date of Report: October 1, 2024Broker: CGS-CIMB Securities Malaysia Sdn. Bhd. Company Overview Magma Group Berhad is an investment holding company primarily focused on the hospitality sector. The company offers a range of services,...
Company Overview Keppel Pacific Oak US REIT (KORE) is a real estate investment trust that focuses on income-producing office properties across key growth markets in the United States. Its investment strategy is centered around...
KPJ Healthcare Berhad, Malaysia’s largest private hospital operator, continues to demonstrate its resilience and growth potential in the healthcare sector. The company’s strategic expansion, cost efficiency, and strong financial performance make it a compelling...