ARB IOT Group Ltd (ARBB)

[Renegades17]

Massively undervalued...10x plus return potential

The market is sleeping on this one given it IPOd on a holiday week. IoT systems and solutions provider that operates in high growth markets in APAC and looking to expand. 778% revenue growth in most recent year with strong earnings (<6x pro forma PE) and operating cash flow. Only 1.3mm share float and the rest is owned by the parent company, not institutional investors. Thus, there shouldn't be an overhang as the parent has every incentive to maximize the stock price. I expect them to look at acquisitions once the stock price achieves an appropriate PE multiple.

In my view, the stock will explode higher once there's even a modest amount of buying.