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Initial Public Offering (IPO)

Gas Malaysia to raise US$234m in IPOs
Published: 2012/05/18

Gas Malaysia Bhd, part of an energy distributor linked to Malaysian billionaire Syed Mokhtar Al- Bukhary, said it wants to raise about RM734 million (US$234 million) in an initial public offering in Kuala Lumpur.

Existing stockholders, including MMC Corp, plan to sell 333.8 million shares with an indicative price of RM2.20 each for individual investors, according to a listing prospectus released today. Pricing for institutions will be determined after a bidding process, Gas Malaysia said.

The IPO comes amid a resurgence in share sales in Malaysia, even though volatility in global stock markets has increased with concerns over potential international fallout from Greece’s debt crisis. Palm oil planter Felda Global Ventures Holdings Bhd. may raise as much as US$3.3 billion next month, two people familiar with the matter said on April 27. Hospital operator Integrated Healthcare Holdings Sdn Bhd also plans to soon list.

Gas Malaysia is the sole licensed seller of natural gas in Peninsular Malaysia, the listing document shows. It also has rights to supply liquefied petroleum gas in the region.

The Selangor-based company plans to pay at least 75 percent of profit as dividends from 2013, according to the prospectus. It intends to distribute all the earnings net of tax this year as dividend, it said.

Maybank Investment Bank Bhd is managing the share sale, helped by Bank Muamalat Malaysia Bhd and Kenanga Investment Bank Bhd.

MMC, controlled by Syed Mokhtar, fell 0.4 per cent to RM2.63 at 11 a.m. in Kuala Lumpur trading today, compared with a 0.8 percent drop in the benchmark FTSE Bursa Malaysia KLCI Index. - Bloomberg

Cashflow gain ni..mantap lebih baik drp dividen ASB..:)

try baca prospektus dia...mmg superbbbbb beb...
last year masa dia ura2 nk listing aku dah baca annual report dia...hebat ....sebab dividen dia bayar almost untuk 3 tahun kewangan kebelakangan tk kurang dari 90% dari PAT....

dulu aku dah quote apa yg aku baca dr annual report....so dah ada prospektus ni lagi la senang...

1)IPO Gas Malaysia ...dia tkder penambahan saham baru.Cuma ia menawarkan saham sedia ada kpd public....jumlah saham skrg ialah 642,000,000 unit..Yang ditawrkan kpd public sebanyak 333,800,000 juta.Maksudnya pemegang saham sediaada termasuk MMC telah menjual lbh separuh saham sediaada kpd public...kelebihan disini Gas Malaysia tidak berniat mencari modal tambahan sehingga terpksa menambah saham baru.
Jumlah saham selepas IPo ialah 1,284,000,000 iaitu subdivision 1 kpd 2.

2)Polisi dividen...bg tahun kewangan 2012, 100% PAT akan dibayar kpd pemegang saham.Dan tahun berikutnya jangkaan tidak kurang 75% PAT akan dibayar sbg dividen....
PAT average bg 3 tahun ialah Rm256 juta...klu 75% dibayar sebagai dividen maka dividne ialah RM192 juta....bahagi dgn jumlah saham iaitu 1284 juta maka dividen lbh kurang 15 sen sesaham....compare dgn harga IPO Rm2.20, maka ia lbh kurang yield 6.8%...namun previous performance tkleh dijadikan ukuran...risiko tetap ada tmbahan plak aggreemnert baru utk gas asli sudah kuar..iaitu kos beli gas sudah naik RM3....mgkin akan effect kos operasi Gas Malaysia.
 
Khazanah to list US$1.5b healthcare IPO end-July

utk layak IHH, kena ada cash 250k dan nilai aset 3j..:)

Datasonic dijual pada hg RM2 dari sumber2 yg bole dipercayai.

Published: Thursday May 17, 2012 MYT 11:29:00 AM
Khazanah to list US$1.5b healthcare IPO end-July

KUALA LUMPUR (Reuters): The planned US$1.5 billion listing of Malaysia's Integrated Healthcare Holdings (IHH) is expected to debut on the Malaysian and Singapore bourses by the end of July, two sources with direct knowledge of the matter told Reuters.

The dual listing would be the fourth-biggest initial public offering (IPO) in the city state's history and Malaysia's second-largest this year after the planned listing of Malaysian plantation group Felda Global Venture Holdings.

Southeast Asia has seen a burst of IPOs and deals since the start of the year, as the region's growth has fueled investor interest and stock values.

IHH, the healthcare arm of Malaysia's state investor Khazanah Nasional, has started to invite approved Bumiputra investors to submit expressions of interest in subscribing for its shares, according to the website of Malaysia's Ministry of International Trade and Industry (Miti).

Premarketing is currently being held for a second tranche that will be open to institutional and other investors.

Some 360 million Bumiputra shares are being offered to wealthy investors, according to Miti's website, although it did not give the details of the total number of shares to be offered.

The closing date to apply for the Bumiputra tranche is June 5, the website said.

The IPO prospectus would be launched in early July and the indicative price of the shares for Bumiputra investors would be known on June 1, one of the sources said.

The IPO will be one of the first after elections in Malaysia that are widely expected to be held in June or July. Analysts and investment bankers have said Malaysia's IPO pipeline has slowed ahead of the poll because of concerns of market volatility.

IHH's assets include Turkish hospital group Acibadem AS , Singapore's Parkway Holdings, India's Apollo Hospitals Enterprise Ltd and Malaysia-based Pantai Hospitals and International Medical University.

Khazanah officials were not immediately available for comment. Japan's Mitsui & Co Ltd owns a 26.6 percent stake in IHH, Dubai-based Abraaj Capital holds 7.1 percent and Acibadem chief Mehmet Ali Aydinlar 4.2 percent. Khazanah owns the remaining 62.1 percent.

Bank of America-Merrill Lynch, Deutsche Bank AG and CIMB are joint global coordinators and book runners for the deal. Goldman Sachs, DBS and Credit Suisse are joint bookrunners, a source told Reuters in December.
 
FELDA tawar pelabur ternama sertai IPO
Oleh Ahmad Farizal Hajat

2012/05/17
Langkah tingkat kredibiliti FGVH jadi antara firma senaraian terbesar di Bursa Malaysia

SELEPAS memuktamadkan pemilihan dua rakan strategik globalnya, Felda Global Ventures Holdings (FGVH) Bhd kini menumpukan pula kepada usaha menarik penyertaan kumpulan pelabur strategik ternama untuk menyertai tawaran awam permulaannya (IPO).

Langkah berkenaan bertujuan meningkatkan lagi kredibiliti syarikat perladangan bersepadu itu yang bakal menjadi antara syarikat senaraian terbesar di Bursa Malaysia.
Difahamkan beberapa pelabur dan syarikat pelaburan terkemuka seperti FIL Investment Management (Singapore) Ltd, Value Partners Group Ltd, Permodalan Nasional Bhd (PNB), Kumpulan Wang Simpanan Pekerja (KWSP), Tan Sri Quek Leng Chan dan Datuk Chua Ma Yu dikatakan telah menyatakan minat menjadi pelabur strategik dalam FGVH.
FIL Investment ialah sebuah syarikat pengurus dana berpangkalan di Singapura, Value Partners dari Hong Kong pula antara firma pengurusan aset terbesar di Asia, manakala Quek dan Chua antara individu terkaya di Malaysia.

Presiden dan Ketua Eksekutif FGVH, Datuk Sabri Ahmad ketika dihubungi menerusi SMS di London bagi mengesahkan perkara itu enggan mengulas dan hanya berkata: “Mungkin”.

Namun, Ketua Ahli Ekonomi Kumpulan RAM Holdings Bhd, Dr Yeah Kim Leng, ketika diminta mengulas mengenai perkara itu berkata, penyertaan pelabur strategik itu dalam IPO FGVH bakal meningkatkan profil anak syarikat FELDA itu, sekali gus memudahkannya mengembangkan perniagaan di pasaran antarabangsa.

“Kemasukan mereka (pelabur strategik) bukan saja boleh meningkatkan daya tarikan saham FGVH, malah akan memberi nilai tambah kepada sayap perniagaan komersial FELDA itu bersandarkan kepada saiz dan kepelbagaian kepentingan perniagaannya, di Malaysia dan di seluruh dunia,” katanya.
Pendapat yang sama turut dikongsi penganalisis JF Apex Securities, Jessica Low Jze Tieng yang melihat penyertaan pelabur strategik itu berupaya meningkatkan lagi tahap keyakinan pelabur dan peniaga terhadap asas kumpulan perladangan itu.

“Penyertaan pelabur strategik ini ke dalam FGVH sudah semestinya akan menjamin nilai dan mutu saham FGVH apabila ia disenaraikan di Pasaran Utama Bursa Malaysia nanti,” katanya sambil menambah ia secara tidak langsung turut berupaya meningkatkan prospek dan profil perniagaan FGVH bagi tempoh jangka sederhana dan panjang.

Sementara itu, seorang pemerhati pasaran berkata, kebiasaannya pelabur strategik dalam sesebuah syarikat itu mestilah dari kalangan who’s who dalam komuniti pelaburan.

Justeru, katanya kehadiran jutawan seperti Quek dari Hong Leong Group adalah penting kerana beliau antara individu terkaya di negara ini yang mempunyai kepentingan perniagaan di dalam bidang perkhidmatan kewangan, pembuatan dan hartanah.

“Kehadiran nama-nama seperti beliau sebagai pelabur strategik akan menonjolkan kekuatan FGVH di mata dunia,” katanya sambil menambah penyertaan mereka bukan saja akan memastikan kejayaan IP0 FGVH, malah akan mengukuhkan lagi tahap keyakinan dalam kestabilan harga saham anak syarikat FELDA itu selepas ini.

Katanya, dengan melabur di dalam FGVH menggunakan dana sendiri atau dana syarikat dengan mereka memiliki kepentingan dan bersetuju untuk tidak melupuskan saham yang diperuntukkan dalam tempoh yang ditetapkan, kehadiran pelabur strategik itu sudah tentunya memberi isyarat positif kepada pasaran.

hari ni saya attend conference kat Hotel Istana dan dpt peluang dengar produk pembiayaan-i Maybank utk IPO Miti..90% MOF..:)cgrock
 
Otai2..td sy jenguk kat website MITI..tgk ada 2 Ipo..Datasonic & Oceancash...any comments regarding these two Ipo?

Kt mana ye nk baca prospektus IPO ni ye...
 
mcm mana nk buat yer..nk miti tk layak..nk apply ipo susah nak dapat.. nak main open market asek kalah jer..boleh ke otai kat sini tolong
 
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