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Thursday 5 May 2011

0168 BOILERM debuts at RM0.825 (+0.495, +150%) in Bursa Malaysia (KLSE)



0168 BOILERM (Boilermech Holdings Berhad) debut in the ACE Market with a strong surge. IPO price at RM0.33, BOILERM opened at RM0.825, recording a 150% rise, hence becoming one of the best performer for 2011 IPO in KLSE.

BOILERM hit a high of RM0.995 which translate to a 200% gain for those who applied and get from the IPO. Even for those who bought in the early morning, they might have recorded a handsome 10% - 20% gain. But nevertheless, it's quite a gamble, especially when everywhere else is RED in the market.

The price closed at RM0.82. Can BOILERM maintain it's position at current stock weather?


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