MTTSL MTT Shipping and Logistics
Key figures
- IPO price
- RM 1.03
- Day 1 open
- RM 1.08
- Day 1 close
- RM 1.00
- Current price
- RM 1.27
- Day 1 open %
- +4.9%
- Day 1 close %
- -2.9%
- Since listing
- +23.3%
- Oversubscription
- 2.70x
- Market cap
- RM 2.58 B
- Offer size
- 633.5 M
- Enlarged shares
- 2500 M
- Float
- 25.34%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 50 M | 7.9% |
| Bumiputera / MITI | 312.5 M | 49.3% |
| Private placement | 258.5 M | 40.8% |
| New shares issued | 62.5 M | 9.9% |
| Offer for sale | 571 M | 90.1% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Company is an investment holding company. Through our subsidiaries, we are principally involved in the provision of container liner shipping services, vessel chartering services , and container storage and container related services.
Source: company prospectus, PDF page 152.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Acquisition of container vessels | 624,700 | 95.7% |
| Defray fees and expenses relating to our Listing | 27,800 | 4.3% |
Source: company prospectus, PDF page 71.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2024 | 874,957 | 186,860 | 21.36% | 7.50 |
| FPE2025 | 961,400 | 234,671 | 24.41% | 9.40 |
| FYE2022 | 1,409,301 | 551,063 | 39.10% | 22.00 |
| FYE2023 | 1,117,335 | 307,843 | 27.55% | 12.30 |
| FYE2024 | 1,198,591 | 250,381 | 20.89% | 10.00 |
Latest-FY revenue growth: +7.27%. PE at the IPO price: 10.30. Source: company prospectus (verified excerpts), PDF page 113, 114.
Board context: MAIN
Across 57 MAIN IPOs in the database: median day-1 close +3.9% (P25 -2.2%, P75 +27.6%), median since-listing +0.0%. 61.4% closed day 1 above their IPO price.
This IPO's day-1 close of -2.9% sits at P25 of its board · This IPO's since-listing of +23.3% sits at P67 of its board
Board peers: MAIN
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| FFB | 22 Mar 2022 | RM 1.35 | +27.4% | +104.4% | RM 2.51 B |
| CTOS | 19 Jul 2021 | RM 1.10 | +47.3% | -26.8% | RM 2.42 B |
| JPG | 09 Jul 2024 | RM 0.84 | +7.1% | +85.7% | RM 2.10 B |
| DXN | 19 May 2023 | RM 0.70 | -5.0% | -27.1% | RM 3.49 B |
| TMK | 12 Dec 2024 | RM 1.75 | +9.7% | -25.1% | RM 1.75 B |
| RADIUM | 31 May 2023 | RM 0.50 | -23.0% | +0.0% | RM 1.73 B |
| SENHENG | 25 Jan 2022 | RM 1.07 | -20.1% | -81.3% | RM 1.60 B |
| PARADIGM [NS] | 10 Jun 2025 | RM 1.00 | +0.0% | -6.0% | RM 1.60 B |
Audit
No audit published for this IPO.