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Ocean Vantage IPO - Justified Optimism?

Stephen Yau Kah Tak, Executive Director, Ocean Vantage Holdings Berhad

28-Jul-20 08:05

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Ocean Vantage IPO - Justified Optimism?

Despite a gloomy long-term outlook for the oil and gas industry, Ocean Vantage Holdings saw a strong debut on the ACE market. It was oversubscribed almost 16 times, and jumped from its issue price of 26 sen to close at 53 sen on IPO day, but is this optimism justified?

Roshan gets into this with Stephen Yau, as well as their earnings outlook, expansion plans, plans for the IPO proceed, navigating the cut to Petronas spending, and more.

Produced by: Sim Wie Boon

Presented by: Roshan Kanesan

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Tags:  Oil and GasOil PricesPetronasIPOAce MarketSarawakCommodities, AgribusinessEconomy, Markets


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