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If the total share is not too big..yes..it can reach 2.00+, but the market cap is too large, you think it can be push up on the first day listing?? Which institution will push the price up? MRDIY also have the same issue…better pick it up after the price stable.
After reading comments here, feels like want to slam my own head to the wall..too many newbie here…here are some ridiculous argument I read here & answer to it.
1. “NTA for CTOS only 0.05..meh?”
Ans: how on earth you evaluate tech stock with NTA?..who is your sifu ? The value of customer database can be measured by NTA?? CTOS have almost 30 years of customer database…so you think its not valuable asset??
2. “CTOS IPO money for paying debt lorr”
Ans: hello, do you even read the prospectus? They made debt for acquiring other company in other region…not for buying directors new ferarri…leveraging for business expansion.
3. “Business no good due to MCO la…share price will drop”
Ans: then dont invest in stocks la…Nestle strong company also drop share price, does it meant Nestle business not profitable during MCO?
4. “P/E to high la..no good…overpriced lorr”
Ans: Then go buy serba la…P\E low right now…why don’t buy? Afraid to buy? You said low P/E is good.
5. “Credit report have no demand la during MC0”
Ans: Dey, their largest customers are banks & institution, and the credit report is based on subscription, not on demand basis…alaa like your subscribe for astro, you just want to watch football but need to subscribe other channel as per include in the subscription package.
If you dont believe in CTOS is OK, but dont give stupid arguments lah..what I see right now the management is good to promote this stock…the CEO just appear in Bloomberg news yesterday, maybe to attract foreign investor, the company also announce dividend before the listing date. This is not goreng stock that will up 100% in one day lah. If you want to play short, just buy penny stocks.