ACE Market
Technology
Shariah Compliant
Grade: A
EcoSys (Malaysia) Berhad
Bursa Ticker: ECOSYS | Listing Year: 2026
Offer Price
RM 0.27
Sifu Target Price
RM 0.41 (+51.9%)
Retail Oversubscription
-
Underwriter (IB)
M & A Securities
Key Dates & Offering Details
Application Closing
29-Sep-2026 (5:00 PM)
Listing Date
14-Oct-2026
Target P/E Ratio
20x
Total Enlarged Shares
571.35 M
Free Float
20.0%
MITI Special Allocation
Yes (Bumiputera Reserved)
Analyst Commentary & Hunter Insight
Analyst Insight: The company's expansion plans and geographical coverage expansion are expected to drive growth. However, the company's debt and working capital management will be crucial to its success. The IPO price is attractive, and the company's growth prospects justify investment.
Growth Catalysts & Strategic Moats
- Catalyst 1: Expansion of abatement segment
- Catalyst 2: Enhancement of operational capabilities
- Catalyst 3: Expansion of geographical coverage
Financial Performance Summary
| Financial Metric | FY23 | FY24 | FY25 | Projected (FY F) |
|---|---|---|---|---|
| Revenue (RM) | - | - | - | 11.00 M |
| Profit After Tax (PAT) | - | - | - | 11.71 M |
| EPS (sen) | 1.40 | 1.62 | 2.31 | +26.9% |
Utilization of Proceeds
Setup of UHP fabrication facility, expansion of assembly capacity, and R&D for abatement systems.
Peer Comparison & Valuation Context
Technology sector peers
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