king min ho

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Joined Jun 2024

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The trajectory of RichTech Digital Berhad's stock performance has indeed raised eyebrows. After an extraordinary oversubscription rate of 245.42 times during its initial public offering (IPO) at RM0.25 per share, the stock debuted on February 17, 2025, opening at RM0.75—a 200% premium. It peaked intraday at RM0.765 before closing at RM0.32, up 28% from the IPO price. However, the subsequent decline to RM0.19 within two months is concerning.

Several factors might explain this volatility:

Specul
1 week · translate
for a stock that was over- subscribed 245 times during it's IPO and for it to fall below it's IPO price of 0.25 by 20% smells fishy and warrants an investigation into it's pre- listing informations.
1 week · translate
Jiankun has changed it's name to Junk-Kun.. About time for a change in it's CEO !
1 week · translate
never buy warrants... useless and valueless.
1 week · translate
SC still hibernating.. Mak Siew Lai still cannot be found...
1 week · translate
one of the worst performing IPO stock in recent times. Yet it was over subscribed by 290 times. another scam
3 weeks · translate
one of the ipo where the chairman sells of 1M of his shares on the first days of listing. The chairman has no qualm to cash out soonest. what can shareholders expect from this company.???
1 month · translate
scam in the making... avoid any IPO undertaken by the IB involved in this listing
1 month · translate
why is non exercise cutivedirector disposing his shares on 2nd day of trading? @0.345. no confidence in the company
1 month · translate
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