KUALA LUMPUR: Radio frequency identification (RFID) solutions provider Smartag Solutions Bhd will make its debut on Bursa Malaysia on Monday, April 18.
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.
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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