HOCKSOON Hock Soon Capital
Key figures
- IPO price
- RM 0.60
- Day 1 open
- RM 0.53
- Day 1 close
- RM 0.56
- Current price
- RM 0.22
- Day 1 open %
- -11.7%
- Day 1 close %
- -6.7%
- Since listing
- -63.3%
- Oversubscription
- 1.36x
- Market cap
- RM 300.0 M
- Offer size
- 150 M
- Enlarged shares
- 500 M
- Float
- 30%
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) | 25 M | 16.7% |
| Bumiputera / MITI | 62.5 M | 41.7% |
| Private placement | 50 M | 33.3% |
| New shares issued | 100 M | 66.7% |
| Offer for sale | 50 M | 33.3% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group is principally involved in poultry farming, whereby we rear layer chickens for the production and sale of table eggs.
Source: company prospectus, PDF page 86.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Establishment of new poultry farm at the Teluk Intan Lands | 53,450 | 89.1% |
| Estimated listing expenses | 6,550 | 10.9% |
Source: company prospectus, PDF page 48.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FY2022 | 134,178 | 14,545 | 10.84% | 3.60 |
| FY2023 | 146,251 | 34,243 | 23.41% | 8.60 |
| FY2024 | 151,377 | 40,743 | 26.91% | 10.20 |
| FY2025 | 147,413 | 41,962 | 28.47% | 10.50 |
Latest-FY revenue growth: -2.62%. PE at the IPO price: 5.71. Source: company prospectus (verified excerpts), PDF page 31.
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 -6.7% sits at P18 of its board · This IPO's since-listing of -63.3% sits at P21 of its board
Board peers: MAIN
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| LACMED | 10 Dec 2025 | RM 0.75 | +2.0% | +14.7% | RM 300.0 M |
| LWSABAH | 13 Nov 2024 | RM 0.65 | +44.6% | +112.3% | RM 307.6 M |
| YENHER [NS] | 15 Jul 2021 | RM 0.95 | -5.3% | -17.4% | RM 285.0 M |
| KITACON | 17 Jan 2023 | RM 0.68 | +10.3% | +5.9% | RM 340.0 M |
| ADVCON [NS] | 10 Jul 2017 | RM 0.63 | +34.1% | -68.2% | RM 253.3 M |
| GEOHAN | 05 Dec 2025 | RM 0.55 | -1.8% | -10.9% | RM 242.0 M |
| SENFONG | 07 Jul 2022 | RM 0.75 | -10.0% | +23.9% | RM 389.2 M |
| AZAMJAYA [NS] | 11 Nov 2024 | RM 0.78 | +39.7% | +34.6% | RM 390.0 M |
Audit
No audit published for this IPO.