Teamstar Berhad IPO Analysis

Teamstar Berhad

Teamstar Berhad is an investment holding company. Through its subsidiaries, the Group is principally involved in the home improvement industry in Malaysia. Its business activities include the retail sale of furniture fittings, general hardware, kitchen and home appliances; trading of furniture fittings; and the provision of value-added services such as slitting of edge banding jumbo rolls, and the mixing and sale of coatings and solvents. The Group operates 28 retail outlets across Peninsular Malaysia and has an operating history of approximately 29 years.

Draft Prospectus (MITI)
Final Prospectus (Public)

Interim Shariah Status (Draft)

SC Shariah Status :

No status

Sharlife Shariah Status :

No status

Prospectus Date :

July 2025

Interim Shariah Status (Final)

Interim Shariah Status :

TBD

IPO Allocation Shares

Allocation	Shares	%
Malaysian Public
Bumiputera Shareholders Approved by MITI
Eligible Directors and Employees
Private Placement to Selected Investors

Income Statement

	31/12/2022	31/12/2023	31/12/2024	% Growth
Revenue
Other Income
Interest Income
Profit After Tax
PAT Margin %

Balance Sheet

	31/12/2022	31/12/2023	31/12/2024	% Growth
Non-current Assets
Current Assets
Non Current Liabilities
Current Liabilities
Deferred Liabilities
Total Assets
Total Liabilities

Capital & Reserves

	31/12/2022	31/12/2023	31/12/2024	% Growth
Share Capital
Retained Earnings
Reserves
Working Capital
Shareholder Fund

Ratio

0 = Lowest | 5 = Highest

	31/12/2022	Score	31/12/2023	Score	31/12/2024	Score	% Growth
Current Ratio (Liquidity)
Debt Ratio (Leverage)
Gearing Ratio (Leverage)
Return on Capital Employed
Total Assets Turnover

Altman-Z

31/12/2022	31/12/2023	31/12/2024	Overall weighted score

P/E Comparison

Company P/E ratio

Peers	P/E

Summary Checklist

Checklist	Remarks
Business Activities
Competitive Strengths
Future Plans and Business Strategies
Revenue

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