Lowyat.NET: Latest topics in Stock Exchange

What makes you consider a stock a “good stock”?, how you define good stock?

finalrange — Sun, 11 Oct 2026 12:47:19 +0800

Just curious, when you guys analyze a Bursa stock, what do you actually look at?

What makes you say “this is a good company / good stock”?

Good ROE? Growing profit? Low debt? Cheap PE? Good dividend? Strong management?

If you could only pick 3–5 important criteria, what would they be?

Especially interested to see whether different sectors like banks, REITs, tech, plantation, etc. need different criteria.

IPO : NWE RESOURCES GROUP BERHAD, IPO : NWE RESOURCES GROUP BERHAD

tnang — Wed, 07 Oct 2026 13:43:26 +0800

NWE RESOURCES GROUP BERHAD
NWE Resources Group Berhad is principally involved in the formulation, manufacturing and distribution of personal care products and health food, as well as the repackaging of food and beverage products. The Group primarily serves the hospitality sector, supplying personal care, F&B and related amenities to hotels, resorts and other accommodation operators, while its health food business includes product formulation and direct selling.

Listing Price
0.200

Closing Date
09 Oct 2026

MITI Allocation Status
No

PE Ratio
12.66

IPO : REDPLANET BERHAD, IPO : REDPLANET BERHAD

tnang — Wed, 07 Oct 2026 13:42:14 +0800

REDPLANET BERHAD
RedPlanet Berhad is a Malaysian enterprise ICT solutions provider specialising in geospatial and intelligent rail technologies. The company delivers customised geospatial solutions that help organisations collect, visualise, manage and analyse geographical data for operational planning, navigation, tracking and mapping purposes. It also offers intelligent rail safety solutions through its proprietary PIES® System, which detects platform intrusions to enhance railway safety. In addition, RedPlanet trades complementary ICT software, hardware and proprietary sensors, while providing maintenance and support services. Its solutions are typically delivered on a turnkey basis, encompassing design, development, integration, implementation, testing and commissioning.

Listing Price
0.190

Closing Date
08 Oct 2026

MITI Allocation Status
Yes

PE Ratio
15.08

EGH International Berhad, IPO

nikazwa — Sun, 04 Oct 2026 09:51:01 +0800

Involved in interior fit out services, works done for hotels & resorts, healthcare facilities

Order book : rm 313 million
Price : 0.16
Open : 24.9.2026
Close : 5.10.2026
Balloting: 7.10.2026
Listing : 16.10.2026

FV

TA 0.22

Built agent to watch news on my own KLSE holdings, Personal project, looking for feedback

Fulalawala — Wed, 23 Sep 2026 17:39:43 +0800

Been lurking here for a while. Sharing something I built for myself over a few
weekends - not selling anything, no website, nothing to sign up for. I mainly
want to know whether the idea is useful or whether I just wasted the time.

The problem

I hold 6 counters across solar, construction and healthcare. I kept finding out
about announcements late - usually from a thread here rather than from the news
itself. Checking i3, KLSE Screener and The Edge every day is a chore, and I
still missed things.

What I built

An agent that polls news sources and Bursa announcements every 30 minutes during
trading hours. It only messages via Wechat/Feishu/Telegram me when a headline actually names one of my
holdings. If nothing relevant happens, it sends nothing at all.

That last part turned out to matter more than I expected. Most alert tools send
you a daily summary whether or not anything happened, and you end up muting them
after two weeks.

Actual output from today (unedited, this is exactly what it sent me)

CODE

GAMUDA (5398) RM4.780 -1.20%

Gamuda Land to build RM150m hotel 22 Sep 00:14

Gamuda Land will invest RM150 million in its first hotel project

in Selangor.

> Incremental capex not previously flagged.

Gamuda shares slip despite AU$1.8b win 23 Sep 12:13

Stock fell 1% even after announcing the fresh RM1.8 billion

Australia road contract.

> Market reaction to a contract win already known to shareholders.

SUNMED (5555) RM2.130 -1.80%

Sunway Healthcare falls 1.8% on higher volume 23 Sep 10:33

> Likely tied to the GIC block sale overhang.

It read around 190 headlines to produce those three. The rest was real news,
just nothing to do with what I own.

What I'm actually asking

Do you track your own counters manually, or do you already have a system?
If you'd use something like this, what is the above missing? I'm considering
ex-dividend dates, director share transactions, and quarterly result reminders.
Is "stays silent when nothing happens" actually valuable to you, or would you
rather get a daily summary regardless?

Disclosure: I wrote this myself, it runs on my own PC, and it is a personal
script.

https://pictr.com/images/2026/09/23/x2CRQJ.md.png
https://pictr.com/images/2026/09/23/x2Cqsn.md.png

is VUG good as QQQ and VOO ?,

nelson969 — Mon, 21 Sep 2026 21:52:43 +0800

Ipo : SLGC BERHAD, IPO

wan7075 — Fri, 18 Sep 2026 17:10:38 +0800

SLGC BERHAD are principally involved in the provision of building construction services, including external and ancillary works.

Issuance of this Prospectus/Opening of Application : 10 September 2026
Closing Date/Closing of Application : 22 September 2026
Balloting of Application : 24 September 2026
Date of Listing on the ACE Market of Bursa Securities : 6 October 2026
PE: 11.2

Ipo : GB BOND HOLDINGS BERHAD, IPO

wan7075 — Fri, 18 Sep 2026 09:04:29 +0800

GB BOND HOLDINGS BERHAD is an investment holding company. The Group is principally
involved in the manufacturing and sales of industrial adhesives,emulsion polymers and sealants.
For the Financial Years/PeriodUnder Review, our products arecommonly used in several industrial
applications, namely paper and packaging, fabric lamination, woodworking and renovation and
building materials.

Listing Price: 0.250
Opening date of Applications : 9 September 2026
Closing date of Applications :18 September 2026
Balloting of Applications : 22 September 2026
Allotment of IPO Shares to successful applicants : 29 September 2026
Listing on the ACE Market : 1 October 2026

IPO : EVOCOM BERHAD, IPO : EVOCOM BERHAD

tnang — Sat, 05 Sep 2026 22:46:56 +0800

EVOCOM BERHAD
Evocom Berhad, founded in 2017, is a Malaysia-based logistics company specializing in e-commerce logistics support. The Group provides tailored logistics solutions that integrate technology and manpower to enhance delivery efficiency, streamline supply chain operations and reduce operating costs for its clients.

Listing Price
0.180

Closing Date
14 Sep 2026

PE Ratio
26.09

Balloting Date
17 Sep 2026

Issuing House
Malaysian Issuing House Sdn Bhd

Market
ACE

[RISK MANAGEMENT] Trading CPI & FOMC, How Professionals Trade High-Impact News

LianHe — Thu, 03 Sep 2026 02:49:53 +0800

Every month when CPI (Consumer Price Index) or FOMC (Federal Open Market Committee) interest rate decisions drop, trading forums flood with screenshots of huge wins and quiet confessions of blown accounts.

Most retail traders treat high-impact news releases like a trip to the casino red/black table: they open a position 30 seconds before 8:30 AM EST, cross their fingers, and hope the market surges in their favor.

That is not trading; that is pure gambling. Here is how institutional desks handle economic releases without taking unnecessary risk.

The Anatomy of News Volatility (Why Pre-News Trading Fails)
When major economic data is released, two mechanical phenomena hit exchange order books simultaneously:

1. Spread Widening: Market makers immediately pull their passive limit orders from the book to protect themselves from toxic flow. Spreads on $ES$, $NQ$, or $EUR/USD$ can blow out from 0.25 pips to 10+ pips in a millisecond.

2. Double-Sided Liquidity Sweeps: High-frequency algorithms instantly sweep both sides of the market first taking out buy-stops above the range, then dropping to sweep sell-stops below before establishing true directional direction.

The Post-News Liquidity Sweep Architecture
Instead of guessing the direction before the report drops, wait for the news algorithm to complete its initial liquidity hunt.

The 3 Professional News Playbooks
Playbook 1: The 15-Minute Buffer Rule (Reversal Play)

QUOTE

Execution: Do not place any trade during the first 10 to 15 minutes after a release.

QUOTE

Setup: Let the news candle sweep a major high or low (running retail stop-losses).

QUOTE

Entry: Wait for lower-timeframe market structure shift (MSS) back inside the previous range, then enter on the Fair Value Gap (FVG) retest.

Playbook 2: The Trend Continuation Expansion

QUOTE

Execution: Used when news data strongly aligns with the existing high-timeframe trend.

QUOTE

Setup: If the daily trend is strongly bullish and CPI numbers produce an initial downward knee-jerk sweep into a Daily/4H Discount Order Block.

QUOTE

Entry: Buy the rejection once the 5-minute candle closes back above the Discount level.

Playbook 3: The Stand-Down (No-Trade Condition)
Execution: If the news candle prints a massive 150-point wick with no clean structure or leaves extreme imbalance on both sides.
Action: Close your charts for the session. Capital preservation is a winning trade.

The News Execution Checklist
Identify Red Folder Events: Know exact release times (8:30 AM EST, 10:00 AM EST, or 2:00 PM EST).
Close Scalps 10 Mins Prior: Flatten any short-term intraday scalps before the report hits.
Wait for Spreads to Normalize: Verify broker spreads have collapsed back to baseline before executing.
Confirm HTF Alignment: Ensure post-news structure matches your daily directional bias.
For mentorship, check the contact info on the image

Question for the board: Do you completely step aside during FOMC/CPI days, or do you prefer trading the post-release retest 15 minutes later? Let's discuss your execution rules below!

$AMD Semiconductor Play, How We Caught the Re-Accu

JesseEcuyer — Wed, 02 Sep 2026 16:39:44 +0800

Technical Breakdown & What You Need to Know About $AMD

AMD is one of the highest beta semiconductor stocks on the market. If you trade this ticker without respecting its volatility, it will chop your account up. Here are the core factors driving $AMD:

High Beta Leader: $AMD routinely out-moves broader market ETFs ($SOXX,$QQQ) on swing cycles. When tech rallies, AMD often leads in percentage returns, but pullback drawdowns are equally aggressive.

AI Infrastructure Rivalry: The enterprise rollout of AMD's MI-series AI accelerators remains the primary catalyst. Wall Street treats $AMD as the main competitor to Nvidia's AI chip dominance.

Clean Moving Average Retests: On the daily chart, AMD respects key moving averages (specifically the 50-day and 200-day EMAs). Pullbacks into these zones with declining sell volume offer low-risk entry points.

Execution & Risk Management: Because of AMD's wide intraday swings, position sizing must be based on dollar risk rather than share quantity. Set hard invalidation levels right below major structural swing lows.

Are you holding $AMD long for the enterprise AI rollout or trading the swing ranges around the $460 level? Drop your chart setups and targets below!

https://pictr.com/images/2026/09/02/xt1lSX.md.png

IPO : GTA HOLDINGS BERHAD, IPO : GTA HOLDINGS BERHAD

tnang — Fri, 21 Aug 2026 09:46:38 +0800

GTA HOLDINGS BERHAD
GTA Holdings Berhad is an investment holding company, while its subsidiary is principally involved in providing MRO related services, specialising in helicopter engines and their respective components.

Listing Price
0.350

Closing Date
26 Aug 2026

Balloting Date
28 Aug 2026

PE Ratio
11.18

IPO : BUTTERFIELD FB BERHAD, IPO : BUTTERFIELD FB BERHAD

tnang — Thu, 20 Aug 2026 09:53:34 +0800

ButterField FB Berhad is principally involved in the manufacturing of coffee extract powder blends and tea extract powder blends for business end-users, either through direct sales or via distributors who distribute these blends to business end-users. The group is also involved in the sales and trading of food ingredients and instant beverage premixes.

Listing Price
0.480

Closing Date
02 Sep 2026

PE Ratio
10.96

Balloting Date
04 Sep 2026

Listing Date
15 Sep 2026

Ipo : PIONEER HEAT HOLDINGS BERHAD, Ipo : PIONEER HEAT HOLDINGS BERHAD

tnang — Mon, 17 Aug 2026 14:43:50 +0800

Pioneer Heat Holdings Berhad is a mechanical engineering service provider with core expertise in piping system engineering and related specialised services such as heat treatment services, flange management, and NDT services. Its mechanical engineering services primarily serve the oil and gas, petrochemical, utility, and manufacturing industries. The company is also involved in civil engineering projects to construct industrial and ancillary facilities. It participates in the implementation of construction projects, which includes daily project management of all construction works required for the timely completion of projects. Pioneer Heat Holdings Berhad engages subcontractors to execute the construction works for all its civil engineering projects to construct industrial and ancillary facilities. Depending on the scope of work, the company may supply machinery for earthworks or provide installation of fencing and internal partitions.

Listing Price
0.250

Closing Date
03 Sep 2026

Balloting Date
08 Sep 2026

Listing Date
17 Sep 2026

PE Ratio
10.55

MITI Allocation Status
No

IPO :Big Caring Group Bhd (BCG),

jack~daniel — Sat, 15 Aug 2026 12:41:32 +0800

Big Caring Group Bhd (BCG) — IPO analysis

What it is: BCG is the operator behind BIG Pharmacy and CARiNG Pharmacy — Malaysia's largest organised pharmacy retail chain (626 outlets), backed by private equity firm Creador. It's headed to the Main Market of Bursa Malaysia. Important caveat up front: this is a draft/preliminary prospectus. Every price field is marked "RM[●]" — the Retail Price, Institutional Price, and expected market cap are all still undetermined. Nothing here is final.

The business case
Revenue and EBITDA both grew strongly across FY23–25 (revenue CAGR 75.3%, EBITDA CAGR 87.9%), largely driven by the 2023 CARiNG Pharmacy acquisition and continued organic expansion.
Margins are improving: EBITDA margin rose from 9.6% to 11.2%, PAT margin from 3.7% to 4.2% over the same period.
BCG is the clear market leader — ~22.6% revenue share versus the nearest competitor's 5.3% — in an industry projected to grow at 7.7% CAGR through 2030 (organised chains faster, at 10.9%).
Dividend policy targets up to 50% of consolidated net profit, though the FY25 payout ratio was only 6.0% (FY24 was 55.6%) — inconsistent so far.
The concerns
Leverage is elevated and rising: gearing climbed from 2.1x to 3.1x over FY23–25, with total bank borrowings of RM1.3 billion as of end-January 2026. A meaningful chunk of IPO proceeds is earmarked for debt repayment — that's a plus, but it also signals the balance sheet needed the IPO to delever.
Current ratio is below 1.0 in FY23 and FY25 (0.996 in FY25) — tight short-term liquidity, typical of aggressive-acquisition retail rollups but worth watching.
This is a heavy secondary sale. Of the ~25.5% being offered, roughly 17.5 percentage points are existing shares from Creador and the founders (offer for sale), not new capital into the company. A large PE exit alongside listing is a normal but real signal worth weighing.
No exact valuation yet, but press reports point to a target of raising up to RM3 billion. If that raise is spread across the ~1.88 billion IPO shares, it implies a price near RM1.59/share and a trailing PE in the mid-90s — roughly double the ~48x average of the closest Bursa-listed peers (Mr DIY, Eco-Shop, 99 Speed Mart, 7-Eleven Malaysia, ranging 27.7x–70.8x). That's the single biggest question mark: BCG would need to justify a serious premium to its already-rich peer set purely on growth and market-leadership story.

Recommendation

Cautiously interested, not a clear buy at current indications. The underlying business — market leader, structurally growing category, improving margins — is genuinely attractive, and the growth profile beats every listed peer's. But two things hold me back from a straightforward "buy":

Rising leverage and sub-1.0 liquidity ratios mean this isn't a pristine balance sheet — you're partly buying a deleveraging story, not just a growth story.
If the rumoured RM3 billion raise target holds, the implied pricing looks stretched versus peers on a PE basis, even generously accounting for BCG's superior growth.

On price: I wouldn't pay a blind premium here. Fair value on a peer-comparable basis (applying the 27.7x–70.8x range, averaging ~48x, to the 1.66 sen FY25 EPS) works out to roughly RM0.45–RM1.20 per share, with a reasonable midpoint around RM0.75–0.85. If the actual Retail Price comes in meaningfully above that — closer to the RM1.50+ level implied by the RM3bn raise chatter — I'd treat it as priced for perfection and wait for the stock to settle post-listing rather than subscribing at the top of the range. If it prices closer to RM0.80–1.00, that's a more defensible entry given the growth and market-leadership premium.

Since the actual Retail Price, Institutional Price, and prospectus registration are still pending, I'd watch for the SC's final registered prospectus (expected pricing announcement typically comes shortly before the listing, reportedly targeted around October 2026) before deciding — the numbers above are estimates, not the company's own disclosed pricing.

IPO : UNITED ASIAPAC ENERGY BERHAD,

Micky78 — Sun, 02 Aug 2026 15:23:43 +0800

hmm... surprised no member write up this IPO?

IPO: Stratus Global Holdings Berhad,

Softenedheart — Tue, 30 Jun 2026 14:36:09 +0800

Opening: 2 July 2026
Closing: 10 July 2026
Ballot: 14 July 2026
Listing: 21 July 2026
Price: RM0.80

Another🔥🔥IPO coming. Let's all in! Skyechip 6.0🔥SRKK 2.0🔥

IPO : ECOSYS (MALAYSIA) BERHAD,

jack~daniel — Mon, 29 Jun 2026 10:49:46 +0800

What Ecosys actually does: They serve the pan-semiconductor industry through two segments — ultra-high purity (UHP) precision fabrication of metal/plastic components (66% of revenue), and proprietary abatement systems that neutralise toxic gases from semiconductor fabs (34% of revenue). Customers span Singapore, Malaysia, India, US and Taiwan, including major multinational semiconductor equipment makers.
The valuation picture at RM0.27
At RM0.27 per share with 571.35M shares, the implied market cap is RM154M. The PE multiple depends heavily on which year you use:

FY2024 historical PE: ~16.7× (PAT RM9.24M) — not cheap for ACE Market
FY2024 adjusted PE: ~19.3× (excluding one-off items) — stretched
Run-rate PE based on FPE2025 (6 months): ~10.8× — looks more attractive

The FPE2025 half-year was clearly stronger, with GP margins hitting 24.5% — the best in the entire review period — and PAT margin recovering to 13.2% after the FY2024 dip to 10.4%. If that run rate is sustainable, the stock is reasonably priced. If it reverts to FY2024 levels, it's expensive.
The three things that could make or break this investment

Customer concentration is the biggest red flag. Two unnamed customers account for roughly 59% of revenue, there are no long-term contracts, and orders can be cancelled any time. The FY2022→FY2023 revenue drop of 30% happened largely because of demand normalisation from bulk purchases — it could happen again without warning.
The semiconductor cycle exposure is real. Revenue swung from RM105M to RM74M to RM89M — a 30% drawdown in one year followed by a 20% recovery. The business is essentially a leveraged play on semiconductor capex, which is notoriously cyclical.
Zero FX hedging despite nearly 100% foreign-currency transactions is a material oversight. If MYR strengthens against SGD/USD significantly, margin compression follows directly.

What supports a small position
The proprietary abatement IP (CDO, Vector, Marathon, Guardian brands — SEMI and CE certified) is a genuine moat in a growing niche. The India expansion is timely given the surge in semiconductor manufacturing activity there. Management has strong relevant experience. And if FPE2025 margins are a genuine structural improvement rather than a blip, the 10.8× run-rate PE is attractive.
Bottom line: This is a cautious buy for a small position with a short-to-medium holding horizon. The listing-day pop potential exists — ACE Market semiconductor-adjacent IPOs have historically gotten speculative interest — but the fundamental risks (customer concentration, no contracts, FX exposure, cyclicality) make it unsuitable as a core holding at size. Wait to see the final prospectus with the actual PE stated by M&A Securities, and watch opening-day price action before committing beyond a small allocation.

Honestly? I'd pass on this one — or at most take a very small speculative position for the listing-day pop only.

Here's my reasoning:

The business is fundamentally sound. Proprietary IP, cleanroom capability, MNC customer relationships, and a genuinely exciting India growth angle. But the structure around it makes me uncomfortable at RM0.27:

The customer concentration alone is a dealbreaker for me at this valuation. Two customers, no contracts, 59% of revenue. That's not a risk factor buried in fine print — that's the single most important fact about this company. If Customer A or Customer B reduces orders by 30%, the PAT could go negative. And you'd have no warning until it's already happening.

The FX situation is just careless. Nearly 100% of transactions are in foreign currencies and they hedge nothing. For a company of this size with established operations, that's a policy choice I don't like. It means reported earnings are partly a function of MYR/SGD movements that management isn't managing.

The operating cash flow concern is underappreciated. FPE2025 showed negative OCF of RM1.6M. The profit is real, but the cash isn't arriving — it's sitting in a 220-day inventory pile and slow-moving receivables. They need IPO proceeds partly just to fund working capital. That's not a company generating cash comfortably; it's a company that needs external funding to keep growing.

The valuation isn't cheap enough to compensate for these risks. If it were at 7–8× earnings, I'd take the customer concentration risk. At 10–19× depending on which year you use, I'm being asked to pay a growth premium for a business with no contracted revenue and a history of 30% revenue swings.

Where I'd genuinely reconsider: if it listed and dropped to RM0.20–0.22 in the secondary market (giving a 7–8× run-rate PE), or if they announced a third major customer anchor — that would materially change the risk profile.
So no, I wouldn't buy it at RM0.27 as a meaningful position. The listing-day gamble is a different question — that's about market sentiment and IPO momentum, not fundamentals — but as an investment, the price doesn't compensate for the risks.

IPO: RESTNGO,

xx_vin_xx — Mon, 22 Jun 2026 12:37:12 +0800

Company Name RNG Tech Berhad
Market ACE Market, Bursa Malaysia
Offer Price RM0.13 per share
Application Opening Date 16 June 2026 (10.00 am)
Application Closing Date 24 June 2026 (5.00 pm)
Balloting Date 26 June 2026
Allotment Date 3 July 2026
Listing Date 7 July 2026
Adviser / Sponsor / Underwriter / Placement Agent M & A Securities Sdn Bhd

IPO: SRKK AI Berhad,

Softenedheart — Fri, 12 Jun 2026 15:04:16 +0800

Price: RM0.32
Opening: 18 June 2026
Closing: 25 June 2026
Ballot: 29 June 2026
Listing: 9 July 2026
Underwriter: TIIH

Another HOT IPO🔥AI company🔥No MITI🔥Skyechip 4.0?🔥

SRKK AI (a subsidiary of the SRKK Group) is an established Southeast Asian IT and digital transformation consultancy operating in Malaysia and Singapore. They specialize in enterprise AI solutions, including AI-driven IT service automation, document intelligence, and AI training programs.

Core Offerings

AI & Automation Academy: Provides HRDCorp-claimable workshops, courses, and certifications covering topics like Microsoft Copilot, everyday AI productivity, and workflow automation (e.g., Power Automate).

Enterprise AI Integration: Embeds generative AI and intelligent process automation (RPA + AI) into existing IT lifecycles.

Data & Analytics: Develops AI-assisted data literacy and predictive analytics solutions for businesses.