6.30am ... morning ... let me start to write about the SELLDOWN IPOs for these few days ... and I shall start with what TTVHB, one of the best performing IPOs during listing ... way over-valued, of coz.
Day 1 : TT Vision's share price opened at RM1.49, representing a 338.24% premium over its issue price of RM0.34 per share, with an opening volume of 7.05 million shares.
So ... those chased at opening are day traders or long term investors ..or neither.
Currently, around 70cents ... is it worth a buy? Well , to me ... if it is trading BELOW 34 cents, the IPO level, then we might want to check. Otherwise, MOST (if not all) IPOs are OVER-VALUED ... a way for insiders to 'escape' and those private placements (kaki-lang) to profits. Reality check ... who want us to own part of their robust and great biz, right?
It is at early stage of listing ... so, the few QRs might not be 'helpful' to analyse the long-term strength of these IPOs ... PE at 34 currently.
So ... for short-term trading 'technical rebound' ok la ... otherwise, to invest ... wait for it to crash below 34 cents ... by then , most so-called retailers stuck inside and given up on her.
Description:
TT Vision Holdings Berhad is an investment holding company. The Company through its subsidiaries is principally involved in the development and manufacturing of machine vision equipment and the provision of related products and services. The Company's machine vision equipment is primarily used for the inspection of optoelectronics, solar cells, and discrete components as well as used in vision-guided robotic equipment. The Company's business activities typically entail equipment design, software development, manufacture, assembly, and installation of equipment and/or modules. The Company's subsidiaries are TT Vision and TT Innovation. The Company's products include Solar Cell FRV-AOI, Solar Cell PL-AOI, Solar Cell TF-AOI, IBC Cell Sorter, and Quad Cell Sorter. The Company exports its products to other foreign countries including South Korea, Hong Kong, Germany, China, the Philippines, Singapore, Thailand, the United States of America, and Japan.
website : TT Vision Holdings Berhad (ttvision-tech.com)
note : I m interested ... but not at current as there are MANY more diving IPOs which I liked too.
This is not a buy or sell call ... just purely my blah-blah .. do your own due diligence ... check before you INVEST. If trade short term with cutloss in place, ok la.
next to write : Edelteq.
TEH
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