Both Karex and Caring are expensive

We did applied for thr Ipo as we like it’s business and industry.  At 15 times its IPO reference PE is reasonable.   But after its post listing run up.   Unless something we don’t know behind. These two stocks are far more expensive as of now to me.  It is like buying a Honda Civic paying a Honda NSX price.   I remember Stemlfe IPO rocketed to RM 4 above and the CEO even said is because of people positive outlook to its industry.  However, eventually it dropped back to below RM 0.30 for sometimes.

Karex is above RM 3.1 and Caring above RM 2.1.