RT Pastry Holdings Bhd opened trading on Bursa Malaysia’s ACE Market at 17.5 sen, marking a muted debut for the bakery and food manufacturer.
The opening price represented a discount of 0.5 sen, or 2.8%, from its initial public offering (IPO) price, signaling immediate selling pressure despite active trading volumes.
The below-offer debut highlights the cautious appetite among investors for new listings on the exchange’s SME-focused board.
While the company managed to attract sufficient trading interest to establish a market price, the discount indicates that buyers were unwilling to pay the full offer price on the first day of trading.
This performance aligns with a broader trend of tepid investor response to recent IPOs in the region.
Similar patterns have been observed with other recent listings, such as Waterways Leisure Tourism Ltd and Turtlemint Fintech Solutions Ltd, which also faced lackluster subscription interest and struggled to generate significant enthusiasm from investors upon their market debuts.