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***Disclaimer***Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision.
Open to apply: 13/11/2025
Close to apply: 19/11/2025
Balloting: 21/11/2025
Listing date: 28/11/2025
Close to apply: 19/11/2025
Balloting: 21/11/2025
Listing date: 28/11/2025
Share Capital
Market cap: RM266.40 mil
Total Shares: 888 mil shares
1st day listing tradable shares: 424.72 mil
Industry CARG
Digital and traditional media advertising expenditure (“adex”) in Malaysia (2019-2024)
1. Total digital media adex: 8.7%
2. Television: 8.2%
3. Printed newspapers: -15.4%
4. Radio: -0.7%
5. Printed magazines: -10.1%
6. Cinema: -7.7%
7. In-store media: -34.8%
Industry competitors comparison (net profit%)
1. Foodie Media: 31.3%
2. Star Media Group Berhad: 27.0%
3. Rev lifestyle Sdn Bhd: 18.9%
4. Rev Social Malaysia Sdn Bhd: 20.4%
Business (FPE 2025)
Digital media publishing, KOL marketing, short-film drama marketing, affiliate commerce and campaign management services.
Revenue by Geo
1. Malaysia: 92.5%
2. Ireland: 4.0%
3. Singapore: 3.2%
4. Other countries: 0.2%
Revenue by customers type
1. Advertising agency: 43.37%
2. Large corporations: 40.94%
3. SME: 15.69%
Fundamental
1.Market: Ace Market
2.Price: RM0.30
3.Forecast P/E: 24.79
4.ROE(Pro forma): 22.12%
5.ROE: 10.47%(FPE2025), 86.28%(FYE2024), 85.13%(FYE2023), 122%(FYE2022)
6.Net asset per shares: 0.05
7.Total debt to current asset: 0.15 (Debt: 7.867mil, Non-Current Asset: 2.978mil, Current asset: 53.627mil)
8.Dividend policy: 40% PAT dividend policy.
9. Shariah status: -
Past Financial Performance (Revenue, Earning Per shares, PAT%)
2025 (FPE 30June, 10 months): RM31.274 mil (Eps: 0.0101), PAT: 28.7%
2024 (FYE 31Aug): RM23.950 mil (Eps: 0.0085), PAT: 31.3%
2023 (FYE 31Aug): RM16.762 mil (Eps: 0.0069),PAT: 36.3%
2022 (FYE 31Aug): RM13.681 mil (Eps: 0.0069),PAT: 44.7%
Major customer (FPE 2025)
1. Customer Group C: 12.5%
2. Subsidiary of Platform Provider A : 4.0%
3. Consider Iprospect Sdn Bhd: 3.3%
4. Customer D: 2.8%
5. Innity Sdn Bhd: 2.1%
***total 24.7%
Major Sharesholders
1. Nicholas Lim Pinn Yang, aged 32: 21.82% (direct), 15.18% (indirect)
2. Ang Rui Mei, aged 32: 15.18% (direct), 21.82% (indirect)
3. Edward Lim Pinn Jian, aged 31: 14.41% (direct)
4. Loo Woi Lip, aged 40: 8.29% (direct)
5. Loo Chee Leng, aged 44: 6.15% (direct)
6. Loo Chuu Lin, aged 70: 4.83% (direct)
Directors & Key Management Remuneration for FYE2026
(from Revenue & other income FYE2024)
Total director remuneration: RM1.518 mil
key management remuneration: RM0.60 mil – RM0.70 mil
total (max): RM2.218 mil or 15.59%
Use of fund
Overall is middle-high risk investment, and also come with high grow return opportunities.
*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.