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Why is the PE so high compared to its sector peers? The price seems too high; supposedly, it should be around RM0.28. This IPO looks too risky to me. Bumi stocks usually don’t perform well, and this is an oil & gas-related stock, which may not be attractive in the current situation. Maybe can try buy 0.28 when listing..
📢 New IPO Alert: United Asiapac Energy Berhad (UAE Berhad)
Thinking about bidding for the UAE Berhad IPO at RM0.35? 🛢️ They are a homegrown specialist in Malaysia’s "fishing" and Plug & Abandonment (P&A) market—a niche expected to grow by over 26% annually through 2029.
The Bull Case:
✅ Credible ~21% market share in a high-barrier industry.
✅ Concrete expansion plans
