KUALA LUMPUR: Radio frequency identification (RFID) solutions provider Smartag Solutions Bhd was the most actively traded counter when it made its debut on Bursa Malaysia on Monday, April 18.
At 9.05am, Smartag was up 5.5 sen to 36.5 sen with 42.59 million shares done.
Its public tranche of two million shares at 31 sen each was oversubscribed by 268 times.
ECM Libra Research had recently accorded fair value of 36 sen, based on 8.0 times price-to-earnings multiple, which was a 20% discount to peer average P/E multiple of 10 times
At 9.05am, Smartag was up 5.5 sen to 36.5 sen with 42.59 million shares done.
Its public tranche of two million shares at 31 sen each was oversubscribed by 268 times.
ECM Libra Research had recently accorded fair value of 36 sen, based on 8.0 times price-to-earnings multiple, which was a 20% discount to peer average P/E multiple of 10 times
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