Initial Public Offering (IPO)

[2bz4money]

More quick exits unlikely

More quick exits unlikely
By Goh Thean Eu
Published: 2011/03/15

Newly-listed companies are not expected to follow Berjaya Retail Bhd's "quick" privatisation route, even though more than half of some 35 companies listed since last year are trading below their initial public offering (IPO) price.

"There are many companies trading below their IPO prices, but I don't think this is going to be a trend. There are many other factors to consider before taking a company private, not just how its share price perform," Mercury Securities head of research Edmund Tham said when contacted yesterday.

"When companies are listed, they get higher market and product visibility. They could also get easier access to financing and better financing terms," Tham added.

Since 2010, some 35 companies made their debut on either the Main Market or the ACE Market of Bursa Malaysia. Of this, 20 companies, or about 57 per cent, are below their IPO prices.

From the 35 IPOs, 28 are listed on the Main Market, while the balance seven are listed on the ACE Market. Five of the seven ACE Market IPOs are trading below their IPO prices.

Analysts pointed out that the underperformance was due to market sentiment and lack of exposure to investors, among others.

They also pointed out that the main reason these newly-listed companies embarked on the IPO exercise was to raise funds for expansion. Therefore, it is unlikely that they would seek more funds to privatise themselves only after a short stint on the bourse.

Last Friday, Premier Merchandise Sdn Bhd, in which tycoon Tan Sri Vincent Tan has an indirect 100 per cent stake, announced plans to buy the remaining shares it does not own in Berjaya Retail for 65 sen each. The move came less than seven months after its debut on the local stock exchange.

Premier Merchandise cited BRetail's undervalued share price as one of the key reasons for the privatisation plan.

The exercise would cost Tan, who has an indirect stake of 85 per cent in BRetail, about RM145 million.

Some analysts are not surprised by Tan's move but were somewhat disappointed by it.

"It is quite bad for minority shareholders who are looking for long-term investments," said an analyst from a local research house.

Although they ruled out the privatisation prospects of newly-listed firms, analysts are not dismissing such exercises being taken by some.

An analyst said that companies that could be in the privatisation radar must boast criteria such as cash-rich, business-savvy owner or major shareholder, under-performance of their share price, and price-to-earnings (PE) ratio that is significantly below industry peers.

One such company under the investors' radar is DRB-HICOM Bhd, whose privatisation talks have been widely speculated.

The group is currently trading at single-digit PE, as compared to its peers, which are trading as much as more than 30 times PE.

DRB-HICOM had said it is unaware of any privatisation plans.

Hwang-DBS Vickers has placed a target price of RM3.80 on the group.

Source: BTimes

p/s: do some homework b4 you buy new IPOs..

 

[2bz4money]

China Stationery set to be listed on Bursa by Q2

Published: 2011/03/08

Integrated plastic stationery company China Stationery Ltd has received the green light from the Securities Commission for its proposed listing on the main market of Bursa Malaysia Securities Bhd by the second quarter of 2011.


In a statement, its founder and executive chairman Chan Fung @ Kwan Wing Yin said the approval is a significant milestone for China Stationery, coinciding with its 20th year of establishment in the industry.

"With this approval, China Stationery will be able to access the Malaysian capital market to raise funds for its business and future expansion opportunities.

"We believe a listing on Bursa Malaysia will also raise our profile as a reputable integrated plastic stationery company," he added.

China Stationery will be issuing 94 million new shares, of which 33.60 million shares will be made available to the Malaysian public via balloting while the remaining 60.40 million shares are earmarked for private placement.

The company will also make a restricted offer for sale of a minimum of 47.80 million shares and up to 54.65 million shares by way of private placement.

The listing exercise is advised by Kenanga Investment Bank Bhd.

Based in Putian, Fujian province, China Stationery Group is an integrated plastic stationery company with its own brands of plastic stationery products, proprietary products and technical know-how.

It focuses on design, manufactures and sells a broad assortment of more than 450 plastic filing and storage products such as expandable files, pocket files with sheet protectors, compact disc holder files, business card holders and albums as well as its own patented products under its own brands, namely "Sakura", "Nachi" and "Foldersys".

Incorporated and registered in Bermuda, China Stationery's main proprietary and patented product is the tape printer that is capable of printing customised adhesive tape labels containing company logo or advertisement taglines which are used to seal corrugated or packaging boxes.

Apart from selling products under its own branding, it also undertakes original equipment manufacturing for its customers.

The company's house-brand products are marketed in China and in over 45 countries to more than 400 customers including distributors, retailers and corporations located in China, Asia (including Hong Kong, India, Indonesia, Japan, Kuwait, the Philippines, South Korea and Taiwan excluding China), Europe, America and other regions.

For the year ended December 2009, China Stationery recorded a net profit of RM168.52 million on the back of RM556.30 million revenue.

It has net cash of RM336.39 million as at May 2010.

China Stationery has a dividend payout policy of not less than 20 per cent based on its net profit distributable to its shareholders with respect to the year ending 31 December 2011 onwards.

It has consistently enjoyed a high net margin of more than 30 per cent over the last three years.

Source: btimes

 

[2bz4money]

IPO: Focus Lumber sasar jana dana RM7.32j

(DARI KIRI) Zukri Samat, Lin Fong Ming dan Rashid Ismail bertukar -tukar dokumen semasa majlis taja jamin antara Focus Lumber dengan BIMB dan BIMB Securities di Kota Kinabalu, semalam.

KOTA KINABALU 17 Mac - Syarikat pengeluar kayu lapis dan lapisan kayu, Focus Lumber Bhd. (Focus Lumber) mensasarkan dana sebanyak RM7.32 juta menerusi tawaran awam permulaan (IPO) melibatkan 12.2 juta saham baharu.

Pengarah Urusannya, Lin Fong Ming berkata, di bawah IPO itu, sejumlah enam juta saham baharu akan ditawarkan kepada orang awam di negara ini manakala 900,000 saham ditawarkan kepada kakitangan atau rakan perniagaan.

Katanya, sejumlah 5.3 juta saham lagi akan ditawarkan kepada pelabur terpilih yang diluluskan oleh Kementerian Perdagangan Antarabangsa dan Industri (MITI).

"Dana yang diperoleh daripada penyenaraian IPO syarikat pada penghujung April ini akan digunakan untuk modal kerja dan pengembangan operasi syarikat," katanya di sini hari ini.

Fong Ming berkata demikian pada majlis taja jamin IPO Focus Lumber bersama-sama Bank Islam Malaysia Bhd. (BIMB) dan BIMB Securities Sdn. Bhd. bagi pengapungan saham itu di Pasaran Utama Bursa Malaysia.

Turut hadir Pengerusi Focus Lumber, Aznam Mansor, Pengarah Urusan BIMB, Datuk Seri Zukri Samat, Pengerusi BIMB Securities Zahari Idris dan Ketua Eksekutif BIMB Securities, Rashid Ismail

Mengulas lanjut, Fong Ming berkata, dana baharu itu akan digunakan dalam memperkukuhkan operasi syarikat di dalam dan luar negara.

Menurutnya, produk syarikat tersebut pada masa ini banyak dieksport ke luar negara, berbanding dipasarkan dalam negara.

Katanya, pasaran Focus Lumber di luar negara ialah Amerika Syarikat, Taiwan, India, Korea, China, Australia, Jepun, Singapura, Asia Tengah dan Mexico.

Fong Ming berkata, bagi pasaran domestik, Focus Lumber memiliki pegangan pasaran sebanyak 22 peratus dan perkembangan bagi pasaran tersebut adalah sangat menggalakkan.

 

[2bz4money]

APFT masuk BURSA hari ni..

Monday March 14, 2011
APFT's public subscription over subscribed

PETALING JAYA: APFT Bhd's 15 million shares allocated for public subscription has been oversubscribed by 12.09 times.

The company said in a statement today that for the 15 million shares made available for public subscription, a total of 8,590 applications for 196.36 million shares with a value of RM98.18mil were received from the Malaysian public.

APFT executive chairman Datuk Faruk Othman said in the statement he was pleased with the public response to the shares despite the current soft market condition.

The company will be listed on the Main Market of Bursa Malaysia March 18.

Market Watch

APFT BERHAD

Symbol & Code : APFT (5194)


Board : Main


Industry : Trading/Services


Prev Open High Low Last Change % chg Volume
0.5 0.565 0.6 0.545 0.55 0.05 10.00 311825

Permulaan yg baik, masih mampu lonjakan 10%..

 

[AzMiLLioNaiRe]

bile la nak layan IPO ni nak blaja kne cari mase

 

[2bz4money]

bile la nak layan IPO ni nak blaja kne cari mase

sukar nak percaya, tapi IPO yg tersenarai tahun ni semua bermula dgn baik..premium memanjang. yg unsangkarable bole naik sampai 50%. yg rasanya x chances utk premium pun, bole dpt 10%..ini semua bukan lagi citer fundamental analysis tapi more on 'to cheer up the industry'..those yg suka sangat 'hit n run strategy', inilah masanya..paid

 

[2bz4money]

APFT debuts with 13pc gain

Market Watch

APFT BERHAD

Symbol & Code : APFT (5194)


Board : Main


Industry : Trading/Services


Prev Open High Low Last Change % chg Volume
0.5 0.565 0.6 0.545 0.55 0.05 10.00 311825

Permulaan yg baik, masih mampu lonjakan 10%..

By Ooi Tee Ching
Published: 2011/03/19

APFT Bhd, which manages a pilot training school, opened 6.5 sen above its 50 sen issue price but ended its maiden trading day at 55 sen.


Commenting on APFT's debut, executive chairman Datuk Faruk Othman said: "I'm happy, especially when you compare with the current weak sentiment in the broader market."

APFT has a fleet of 35 aircraft and 49 qualified flight and ground instructors. It offers flight courses for pilot cadets to operate commercial and privately-owned aircraft.

The group operates out of three airports in the country - the Sultan Ismail Petra Airport (Kelantan), Sultan Mahmud Airport in Terengganu and Sultan Abdul Aziz Shah Airport (Selangor).

Faruk was speaking to reporters after the company's listing on Bursa Malaysia in Kuala Lumpur yesterday.

Also present at the press conference was his son Arif Faruk, who is a director at APFT.

Arif works full time as a pilot and flies Prime Minister Datuk Seri Najib Rajak's private jet.

He said APFT had received approval from Indonesia's Directorate-General of Civil Aviation to recruit more Indonesians to pursue training to be pilot cadets.

On APFT's expansion plan, Arif said the academy is working with GMR Hyderabad International Airport Ltd of India (GHIAL) to set up flight training academy in Hyderabad. Under the partnership, GHIAL will provide the infrastructure while APFT will provide the aircraft, instructors and course syllabus.

The academy is due to start in the second half of this year.

"Airlines all over the world are increasing their aircraft fleet and this is fuelling demand for pilots. India alone needs a lot more pilots.

"This is our first overseas foray and we're optimistic of good response. We are also in talks to provide similar support in Myanmar," Arif said.

p/s: Ada info lain yg x diberitahu dlm prospektus, cuma bila tersenarai shj ada..no wonder

 

[2bz4money]

Election boost for Sarawak timber, oil stocks

Election boost for Sarawak timber, oil stocks
By Goh Thean Eu and Francis Fernandez
Published: 2011/03/21

A quick check shows that Sarawak stocks have run up quite a bit since last month, including Rimbunan Sawit, Jaya Tiasa, Cahya Mata, WTK, Dayang Enterprise, Hock Seng Lee, Ta Annand Coastal Contract.


Elections in Sarawak will help boost the share price of timber and oil and gas companies from the state, though analysts say that the outcome of the election itself could be a major driver for the equity market here.

"If the ruling party wins big in the election, market anticipation of a general election will drive up the market," said a dealer, adding that extensive speculation of a general election could add anywhere between 100 points and 150 points to the 30-stock benchmark FBM KLCI index.

In the immediate term, analysts say that timber stocks could get an uplift from the election news.

Already, timber stocks are on an upsurge due to anticipated demand for the lumber from Japan, which has been hit by an earthquake and tsunami.

Japan imported nearly 1.2 mi-llion cubic metres of panel pro-ducts worth RM1.7 billion in the 11 months ended November last year, representing almost half of Sarawak's total exports, AmResearch wrote in a March 11 report.

"The retail play for the Sarawak elections could well be in timber," said a dealer, adding that even before news broke out that the Sarawak legislative was going to be dissolved, timber stocks were already active in price movement and also in volume.

A quick check by Business Times shows that Sarawak stocks have run up quite a bit since last month. Among the stocks that have made respectable gains since February 4 are Rimbunan Sawit Bhd (up by 37 per cent to RM2.03), Jaya Tiasa Holdings Bhd (up by 90 per cent to RM5.44), Cahya Mata Sarawak (up by 45 per cent to RM2.59), WTK Holdings (up by 43 per cent to RM1.58), Dayang Enterprise Holdings Bhd (up by 8 per cent to RM1.97), Hock Seng Lee (up by 50 per cent to RM1.77), Ta Ann Holdings Bhd (up by 24 per cent to RM5.73) and Coastal Contract (up by 30 per cent to RM2.63).

Those, however, intending to try their luck on Sarawak stocks as an election play, should take stock what OSK Research said last month.

The firm said that past research showed that stocks did indeed outperform six months and three months before the polls but underperformed three months after election. "Investors can consider riding on this election play but we advise that they lock in gains on Nomination Day, which is usually one to two weeks before the actual polls," OSK said.

p/s: Bole pakai jugak tips tu utk GE akan dtg..

 

[2bz4money]

MClean IPO gets Bursa approval

Published: 2011/03/21

Bursa Malaysia Securities Bhd has approved the proposed listing of MClean Technologies Bhd, the precision cleaning and plastic injection moulding service provider in Singapore, this
year.

"We are very happy that Bursa Malaysia has approved our listing on the ACE Market.

"We are hopeful that with our successful track record and strong recognition in the industry, our initial public offering exercise will be able to bring our investors long-term gains and well deserved returns," said Executive Chairman Jason Yeo Hock Huat in a statement today.

MClean, a company that specialises in the hard disk drive (HDD) industry, has a market leadership and technological competence in precision cleaning.

Its reputation and long-standing working relationship with major HDD industry players provides the leverage and benefit to secure continued cleaning jobs in Singapore as well as neighbouring HDD hubs such as, Malaysia, Thailand and China.

The company was incorporated as a private limited company in Malaysia on March 17, 2010 under the name MClean Technologies Bhd. -- Bernama

 

[mian afi143]

For the individual investor, it is tough to predict what the stock will do on its initial day of trading and in the near future because there is often little historical data with which to analyze the company. Also, most IPOs are of companies going through a transitory growth period, which are subject to additional