Initial Public Offering (IPO)

[2bz4money]

Otai kita dh nk kuarkn peluru rahsia hehe..jom layan Astro..IHH ni brp byk Tuan sedia utk Menembak..

Maybank EARLY EDITION - 4 JULY 2012
Healthcare: IHH listing set to inject MYR5b profit into Khazanah. IHH, Asia's biggest hospital owner and operator, will raise MYR5.1b from its IPO and will use 90.9%, or MYR4.6b, of the gross proceeds to repay bank borrowings within 12 months of listing. The remaining MYR279m (5.4%) will be used for working capital and general corporate purposes within 24 months and MYR188m (3.7%) will be utilised for listing expenses within the next 12 months as listing is slated on July 25.

Wednesday July 4, 2012

Khazanah to gain most from listing of IHH Healthcare

NO one would fault the guys at Khazanah Nasional Bhd for feeling somewhat vindicated, perhaps even a little smug, about the impending listing of IHH Healthcare Bhd.

It was, as some have observed, hard fought, with part of the foundation laid during Khazanah's battle for control of the then Singapore-listed Parkway Holdings Ltd two years ago.

After a two-month tussle between Khazanah and Fortis Healthcare Ltd, which belonged to billionaire brothers Malvinder and Shivinder Mohan Singh, the state investment firm outbid the latter in July 2010 with a cash offer of S$3.95 per share, or a total of S$3.5bil for all the shares it did not own in Parkway.

Khazanah had prior to that owned 25.3% of Parkway, at the time the largest healthcare group by market capitalisation in Asia ex-China, while Fortis had a 23% stake.

The win, however, set tongues wagging. Among others, its detractors wondered aloud whether Khazanah had paid too much for the acquisition, and how it could possibly add value to what was already Singapore's largest and most profitable healthcare company.

Recall that it was Khazanah who made the first move with a partial offer of S$3.78 per share in May 2010, or S$1.18bil, to lift its stake in Parkway to 51%.

Not one to give up a good game, Fortis put in a counterbid of S$3.80 per share the next month, setting the stage for a price war.

Dual listing: Najib (left) and Khazanah MD Tan Sri Azman Mokhtar showing the IHH Healthcare prospectus. The healthcare provider is the first concurrent IPO on the Main Market of Bursa and Main Board of SGX. – RAJA FAISAL HISHAN/The Star.

In the end, Khazanah upped its offer to S$3.95, which was a 31% premium to the stock's closing price on May 26, 2010, of S$3.02 before it unveiled the initial offer.

The price valued Parkway at 39 times the company's earnings in the 2009 financial year (FY09) and 25 times forecast FY10 earnings. This was an expensive endeavour considering that its peers on the Singapore Exchange (SGX) were trading at an average price-to-earnings ratio of 23 times for FY09 and 18 times for FY10.

The Singh brothers, who had bought their stake in Parkway for S$959mil, or S$3.56 per share, in March that year from private equity firm TPG Capital, pocketed a cool S$110.8mil in profit and gross proceeds of S$1.12bil from the sale, for a return on investment of 35%.

Even then, there was talk in the market that Khazanah had a plan on the table to consolidate its healthcare assets and eventually relist a larger and much more attractive Parkway.

And it has been doing just that. After selling a 30% stake in IHH to Japan's Mitsui & Co Ltd for RM3.3bil in April last year, it revealed in December a deal to buy 60% of Turkey-based private healthcare provider Acibadem Saglik Hizmetleri ye Ticaret AS.

It had also raised its equity in India's Apollo Hospitals Enterprise Ltd to 11.22% from 8.8%.

IHH Healthcare chairman Tan Sri Dr Abu Bakar Suleiman at the prospectus launch yesterday.

Now Asia's largest hospital operator, IHH is slated to list on both Bursa Malaysia and SGX on July 25, in what would be the third largest initial public offering (IPO) in the world this year after Facebook and Felda Global Ventures Holdings Bhd (FGVH).

It will also chalk up records for being the largest ever dual listing between two Asean bourses as well as the first simultaneous dual listing between Singapore and Malaysia.

Besides that, it registered the most popular take-up by cornerstone investors of any recent IPO in the region, with 22 such investors snapping up 1.39 billion, or 62%, of the 2.23 billion shares on offer.

StarBiz reported last month that billionaire T. Ananda Krishnan's Usaha Tegas group, Chua Ma Yu and the Employees Provident Fund (EPF) were among the local cornerstone investors.

It was said that the EPF was the biggest buyer of a block of 200 million shares, which represents about 8% of the IPO shares, while sovereign wealth fund Kuwait Investment Authority was the second largest with 150 million shares or about 6%.

Sources had told StarBiz that the shares available to cornerstone investors had to be increased from 600 million-800 million to 1.39 billion given the overwhelming demand.

And the icing on the cake Khazanah would realise an 83% jump in the value of its stake in IHH upon listing.

Khanazah managing director Tan Sri Azman Mokhtar said the state investment company's 48% share in IHH would be worth RM11bil compared to its equivalent investment cost of RM6bil, based on the proposed IPO price of RM2.85 per share.

A head of research at a local bank-backed brokerage reckoned that the stock “should do pretty alright” at its debut, but expects its performance to mirror Gas Malaysia Bhd's opening rather than FGVH.

“IHH is still in its growth phase and may not be a dividend-yielding stock just yet,” he told StarBiz.

 

[apaidotnet]

BERITA TERKINI
"MITI diberi amanah untuk mengagihkan saham khas bumiputera bagi Tawaran Awal Saham (Initial Public Offering). Bagi maksud tersebut MITI mempunyai tatacara proses agihan yang telah mendapat pengiktirafan ISO 9001:2008.

Bagi saham IHH, MITI telah diberikan sejumlah 360 juta unit saham untuk diagihkan. MITI telah menerima permohonan sejumlah hampir 2.82 billion unit saham daripada seramai 9,260 pemohon yang terdiri daripada Institusi Amanah Bumiputera seperti Permodalan Nasional Berhad dan Lembaga Tabung Haji di samping pemohon-pemohon daripada syarikat, Koperasi, Yayasan dan juga pemohon individu. Permohonan yang diterima oleh MITI ini adalah merupakan hampir 8 kali ganda terlebih langganan (oversubscribed).

Dalam keadaan ini MITI tidak dapat memenuhi semua jumlah saham yang dipohon, sebaliknya MITI mempastikan agihan saham dapat dinikmati oleh lebih ramai pemohon. "

Ada org komplen x dpt IPO IHH la ni...hehe

 

[couchcorp]

Agihan Bumi Gas [email protected]/unit

Agihan Bumi [email protected]/unit

Panduan sebegini hanyalah utk memastikan peluang kebarangkali utk berjaya mendapatkan saham dgn menggunakan dana yg sepatutnya.
So, utk pembelian [email protected]/unit bolehlah ikut berdasarkan jumlah unit berikut mengikut kemampuan kewangan masing2..

Unit (lot saham) Dana diperlukan (RM)
100 (1 lot) - 285
300 (3 lot) - 855
1000 (10 lot)- 2,850
2000 (20 lot) - 5,700
3000 (30 lot)- 8,550
4000 (40 lot)- 11,400
6000 (60 lot)- 17,100
11000 (110 lot) - 31,350
20000 (200 lot) - 57,000
50000 (500 lot) - 142,500

*Caj bank di ATM dan portal perbankan e.g Cimb rm2.50.
persamaan 1 lot= 100 unit saham

Cth..
Sekiranya dana ada sebanyak RM14,250
dah cukup utk beli 50 lot. Tapi kalu berjayapun, hanya 40 lot saja yg dpt, maka 10 lot lagi dikembalikan.

So, dicadangkan
- Beli 40 lot (sendiri)- RM11,400
- Beli 10 lot (tumpang nama isteri) - RM2,850

Salam Tuan..sy kurang faham contoh terakhir Tuan..bukan ke kalau kita mohon 40k...kita hy akn dpt 20k unit je..klu nak dpt 50k..kita kena apply at least 160k unit kan?

 

[2bz4money]

Malaysia's IPO boom is one-off: Analysts

Malaysia is tipped to be Asia’s top IPO market for 2012 thanks to two of the world’s biggest company listings this year, but analysts say the momentum is likely to fizzle out.

At a time of global economic distress, Malaysia’s drive for initial public offerings is being propped up by pre-election encouragement from the government and by cash-rich state funds, the analysts said.

But they said the resource-rich, developing Southeast Asian country of 28 million people is not on course to supplant better known IPO capitals in the region such as Hong Kong and Singapore.

“Maybe this year is a record, but whether it can be sustained is a different thing,” James Ratnam, a research analyst with TA Securities, told AFP.

Felda Global Ventures, an oil palm plantation giant, made its debut on the Kuala Lumpur stock exchange, known as Bursa Malaysia, last Thursday with an IPO that raised US$3.25 billion.

Then on yesterday, Asia’s largest hospital operator IHH Healthcare announced a plan to raise US$2.01 billion through a dual listing in Malaysia and Singapore, targeted for July 25.

The public offerings were behind only Facebook’s troubled IPO of US$16 billion this year, which suffered in part from the economic uncertainty gripping bigger stock markets around the world.

While English football club Manchester United is now going ahead with a US listing, the volatile climate has forced the delay of other major IPOs planned in Asia, including a US$2.5 billion listing by Formula One in Singapore.

But Felda Global and IHH seem set to defy that trend, helped by representing robust and growing industries in commodities and healthcare respectively.

Shares in the palm oil company has already surged since its IPO and analysts expect IHH stock will do well too.

“We are putting Malaysia on the global map. We are actually now considered a safe haven,” Ooi Chin Hock, a dealer with Malaysia’s M & A Securities, told AFP.

IHH has already attracted 22 so-called cornerstone investors, including international fund managers, who have committed to buying more than 60 per cent of the 2.23 billion shares on offer.

Ooi and others attribute their optimism in part to the support of cash-strong state funds keen to invest, as well as the government’s backing of the IPOs ahead of elections that must be called by next April at the latest.

“It’s time for the government to raise funds... The government is actually cashing in,” Ooi said.

Felda Global is an arm of the Federal Land Development Authority, a government agency that previously provided land to the rural poor.

IHH is majority-owned by sovereign wealth fund Khazanah, which is chaired by Prime Minister Datuk Seri Najib Razak.

Najib said the IPOs marked milestones in the government’s plan to divest state-linked firms and attract foreign investors for the country to achieve developed nation status by 2020.

“I can safely say that this also offers further evidence of the vibrancy and growing depth of our capital markets — once again underlining the fact that Malaysia can claim to be a bright spot on the otherwise dark canvas of global finance,” Najib said at the IHH prospectus launch yesterday.

Nazir Razak, chief executive of financial firm CIMB Group said Malaysia looked set to be Asia’s top IPO market for this year.
CIMB is the principal adviser and lead underwriter for the IHH listing.

Global accountancy firm Ernst and Young has said Bursa Malaysia was the third-biggest in terms of funds raised in IPOs in the second quarter of 2012, following NASDAQ and the New York Stock Exchange.

It said in a release last week that the momentum of IPOs in Southeast Asia was driven by “resilient financial performance, the support of cornerstone investors, pension and other funds, and ample liquidity”. But analysts said the Bursa Malaysia was unlikely to be able to sustain the momentum, noting that it had failed thus far to attract major listings from global players and remained far smaller than regional rivals.

Before this year, the last major listing in Malaysia was in 2010 when Petronas Chemicals Group Bhd., a unit of state oil firm Petronas, raised US$4.14 billion.

Bernard Ching, head of Alliance Research, said big names wanting to list in Asia were still more likely to turn to Hong Kong or Singapore.

“In a volatile global market, Malaysia tends to do rather well,” he told AFP. “(But) when the global uncertainties dissipate, IPOs in other markets will also pick up.” -- AFP

 

[katani17]

Salam Tuan..sy kurang faham contoh terakhir Tuan..bukan ke kalau kita mohon 40k...kita hy akn dpt 20k unit je..klu nak dpt 50k..kita kena apply at least 160k unit kan?

tuan kalo nak dpat 50ribu unit kena apply above 200ribu unit. Refer last result FGVH

 

[2bz4money]

Salam Tuan..sy kurang faham contoh terakhir Tuan..bukan ke kalau kita mohon 40k...kita hy akn dpt 20k unit je..klu nak dpt 50k..kita kena apply at least 160k unit kan?

Cth yg saya rujuk adalah 40lot = 4,000 unit saham. Panduan yg diberikan hanya menilaikan berapa modal yg ada utk dipadankan dgn bilangan lot2 saham yg wajar dipohon. Berapa byk yg ditawarkan sekiranya berjaya, itu agak subjektif.. smda nilai penuh yg dipohon atau kurang. Dengan panduan yg diberikan, adalah diharapkan lot2 yg dipohon akan dapat sepenuhnya bila berjaya terpilih.

Sekiranya kurang jelas, sila nyatakan berapa modal tuan yg ada sbg case study/pencerahan..

 

[couchcorp]

Cth yg saya rujuk adalah 40lot = 4,000 unit saham. Panduan yg diberikan hanya menilaikan berapa modal yg ada utk dipadankan dgn bilangan lot2 saham yg wajar dipohon. Berapa byk yg ditawarkan sekiranya berjaya, itu agak subjektif.. smda nilai penuh yg dipohon atau kurang. Dengan panduan yg diberikan, adalah diharapkan lot2 yg dipohon akan dapat sepenuhnya bila berjaya terpilih.

Sekiranya kurang jelas, sila nyatakan berapa modal tuan yg ada sbg case study/pencerahan..

klu modal $285000 Tuan?

 

[katani17]

klu modal $285000 Tuan?

kalo modal 285k boleh apply 100 000 unit. Bila result chance success akan dapat antara 40000 hingga 45000 unit. Makin tangkap angau

 

[couchcorp]

tuan kalo nak dpat 50ribu unit kena apply above 200ribu unit. Refer last result FGVH

maap silap Bos...200k lot...kens JV ngn mana2 tokey ni..sapa nk JV..jom

 

[katani17]

maap silap Bos...200k lot...kens JV ngn mana2 tokey ni..sapa nk JV..jom

ramai tokey besau sini. Stakat apply 100k unit