Mi Equipment

Mi Equipment Holdings Berhad was my first ever stock. I bought it through IPO using Maybank2U website.

I had opened a CDS and trading account with Jupiter Securities since 2011, but never used it to trade or investment. Partially because 1) I was afraid 2) I thought I needed a lot of money 3) I was too lazy to fix a technical issue with the account.

I had also registered my CDS account with Maybank2U and applied to 3 IPOs before Mi, but never got one.

In retrorespect as a Bumiputera I could've applied to IPOs through MITI instead, but then again I was too lazy.

Mi IPO-ed not long after May 9th GE14 that saw widespread anxiety in the market. I think because of this that the IPO was not too well-received.

On the other hand it worked in my favor as I got all the units that I applied.

The IPO price was at RM1.42

As of today, 29th of August 2018, the stock went up by

(RM2.47 – RM1.42 ) / RM1.42 x 100

= a whopping 73.9%!!!!!




Remember, my trading account was dormant.

However, as the days go by and I checked the price pretty much every day, I got excited about the stock and the capital market in general.

I later applied to another IPO (Revenue Group), but this time the market sentiment has already improved. This stock also performed quite well!

Yet I still had not reactivated my trading account!

I finally reactivated my Jupiter trading account (had to pay RM18 to do that).