KUALA LUMPUR: TA Securities Holdings Bhd has assigned a fair value of 55 sen to Go Hub Capital, which is set to list on the ACE Market on 3 July.
This valuation represents a 57.1 per cent increase from its initial public offering (IPO) price of 35 sen.
In a note, TA Securities expressed optimism about Go Hub’s growth prospects, citing the government's ongoing efforts to advance digitalisation, which are expected to enhance Malaysia’s public transportation infrastructure and systems.
The research firm highlighted that Malaysia's enterprise information technology (IT) services industry is projected to grow from RM23.5 billion in 2024 to RM29.5 billion in 2028, with a compound annual growth rate of 5.7 per cent, driven primarily by digital transformation across various sectors.
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