KUALA LUMPUR, THMY Holdings Bhd (KL:THMY) delivered a strong debut performance on the ACE Market of Bursa Malaysia, surging 158% above its initial public offering (IPO) price amid buoyant investor demand and solid market sentiment.
The counter opened at 80 sen, a sharp jump from its IPO price of 31 sen per share, making THMY one of the standout listings on the ACE Market in recent months. Shortly after opening, the stock eased slightly before regaining momentum to trade back at 80 sen at 9.10am, with more than 87 million shares changing hands in early trade.
At that price, the company commanded a market capitalisation of over RM710 million, reflecting strong investor confidence in THMY’s growth potential and business prospects.
Analysts noted that the strong debut reflects renewed interest in small- and mid-cap counters, particularly those in sectors seen to benefit from Malaysia’s ongoing economic recovery and digitalisation efforts. The company’s robust listing performance also signals encouraging sentiment in the local equity market, as more retail investors return to participate in IPO opportunities.
