Mid‑night on the Market: NoonTalk’s IPO Sizzles
Morning Glory on the SGX Catalist
Sunrise on Singapore’s stock exchange saw NoonTalk debut at $0.225, a cool 2.3% jump from its opening price of $0.22. With that sparkle, the company now enjoys a market cap of roughly $44.5 million and an eye‑popping P/E of 1,988—a figure that’s more like a novelty price tag than a realistic valuation.
Crunching the Numbers
Last fiscal year (ending 30 Jun 2022) NoonTalk logged a net profit of just over $22,407. The company pushed 22 million shares into the market – 4.5 million publicly offered and 17.5 million placed – pulling in $4.8 million gross, which boiled down to about $3.3 million net.
Who’s in the Box?
- Dasmond Koh holds a majority stake of 62.6%.
- Union Energy Corp. (an LNG titan) and Sheng Siong Group lead the other pack, with Lim Hock Leng at the helm.
- Dr Chong Weng Chiew of Citic Envirotech – former MP for Tanjong Pagar GRC (2001–2006) – adds a touch of political flair.
Quietly Riveting Content
NoonTalk divides its revenue between two snazzy segments:
- Management & Events – Think artist booking, event ideation, and backstage orchestration.
- Production – The creative side: crafting videos, films, and TV shows.
From dazzling Chingay 2022 to heartfelt ChildAid 2021, they’ve wove multimedia magic for the Straits Times School Pocket Money Fund and Business Times Budding Artists Fund. The People’s Association has now tapped them for Chingay 2023’s visuals.
Additionally, NoonTalk’s plates are loaded with content for stakeholder giants like Shopee, Eu Yan Sang, and even Audi Singapore—a diverse tasting menu of corporate media.
Backing the Boom
Behind the scenes, Evolve Capital Advisory played the lead role as sponsor, issue manager, and co‑placement agent. Meanwhile, CGS‑CIMB Securities (Singapore) also joined the team as co‑placement agent and underwriter.
Note: Headlines and bylines changed for editorial flair. This piece appeared in The Business Times originally.
