ASM Automation recorded revenue of RM14.14 million and profit of RM2.68 million . If excluding one-off listing expenses of RM1.70 million, the net profit margin for current quarter is about 31%!

The market seems to favor the mechanical solutions industry in the F&B sector

15 times is the forward P/E ratio, based on the midpoint earnings per share of 1.38 sen in FY2026

Malacca Securities’ fair valuation for ASM is RM0.21 per share, representing a 23.5% upside from its IPO price of RM0.17

https://www.businesstoday.com.my/2025/06/10/analyst-upbeat-on-asm-system-ace-market-debut-assigns-23-fair-value-upside/

ASM will raise approximately RM21.82 million from the IPO, which will be used for the following purposes:

- RM11.40 million for the acquisition of land and construction of a new factory to increase production and assembly capacity.
- RM2.30 million for purchase of machines and purchase of equipment and components for the assembly of demonstration machineries to support operational growth and customer engagement.
- RM2.00 million for Design & Development (“D&D”) activities to enhance research and development capabilities.
- RM1.92 million for working capital to support day-to-day operations.
- RM4.20 million for listing expenses.