New Listing KTB - Fairly Valued at IPO Price of 61 Sen, BBMB Securities

New Listing KTB - Fairly Valued at IPO Price of 61 Sen
Amongst the listed MESDAQ-based companies, the group's closest rival would be Intelligent Edge, which is also in the development of software to be used in management system across the business spectrum. Nevertheless, KarenSoft will the leading listing MESDAQ-based group which is involved in the ERP-based products, thus deserve a premium in terms of valuation.

As there has been no available benchmark locally to value the ERP solution provider, we found that at the IPO price of 61 sen, KarenSoft is fairly valued.





Please note that the information offered above is an independent evaluation from BBMB Securities Sdn Bhd. For further information, please contact BBMB Securities Sdn Bhd. KarenSoft Technology Berhad will not be held liable for any consequences arising from the use of this information.