Malaysia IPO Market Soars in 2024: Top Performers and Upcoming Opportunities

​Discover the standout IPOs on Bursa Malaysia in 2024, with 85% of new listings outperforming. Learn about top gainers and upcoming offerings in this market recap.

2024 Bursa Malaysia IPO Recap:

• As of September 19, 2024, 34 companies have gone public.
• Impressively, 31 out of the 34 IPOs closed above their IPO listing price on the first day.
• Even more remarkable, 29 out of 34 IPOs are still trading higher than their listing price as of the last data update, showcasing strong market confidence.

Top 5 ACE Market IPOs by Returns (Year-to-Date):

The top-performing IPOs are leading the market with significant gains. Here are the standouts:

1. Go Hub Capital Berhad (Stock Code: 0311) - Technology Sector
   • Listing Price: RM 0.35
   • 19/09/2024 Closing Price: RM 1.18 (+237%)
2. UUE Holdings Berhad (Stock Code: 0310) - Construction Sector
   • Listing Price: RM 0.24
   • 19/09/2024 Closing Price: RM 0.675 (+181%)
3. Master Tec Group Berhad (Stock Code: 0295) - Industrial Products & Services
   • Listing Price: RM 0.39
   • 19/09/2024 Closing Price: RM 1.06 (+172%)
4. KJTS Group Berhad (Stock Code: 0293) - Industrial Products & Services
   • Listing Price: RM 0.27
   • 19/09/2024 Closing Price: RM 0.67 (+148%)
5. Farm Price Holdings Berhad (Stock Code: 0304) - Consumer Products & Services
   • Listing Price: RM 0.24
   • 19/09/2024 Closing Price: RM 0.565 (+135%)

Crest IPO and KHPT IPO

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​Conclusion:

The IPO market on Bursa Malaysia's ACE Market has shown exceptional growth in 2024, with several companies outperforming expectations. These returns highlight the opportunity for retail investors to tap into new public listings. The momentum looks set to continue, and there may still be more IPOs coming to the market before the year ends.

If you're keen to invest in these IPOs or any upcoming ones, now is the perfect time to sign up for M+ Global. With their platform, you can easily monitor, invest, and trade in these high-growth companies.

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How to Apply Malaysia IPO using Malaysian Local - M+ Global APP?

Check my previous post here. 

or

1. Download M+ Global APP
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