TA Securities values Mercury Securities at 28 sen ahead of listing

The value is equivalent to 20.5 times the stockbroker’s FY2023 earnings per share.

Mercury Securities Group Bhd is set to be the first stockbroker to go public in 20 years on Sept 19.

Meanwhile, its advisory services under the corporate finance segment made up 30.27% of total revenue for that year. “We also forecast softer contributions from the corporate finance segment due to a decrease in advisory fees and the company securing fewer new mandates YTD compared to 2022. Mercury Securities is principally involved in the provision of stockbroking, corporate finance advisory services and related businesses.

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