Initial Public Offering (IPO)

[boboboby]

Bro Katani, Otai IPO Saham..apa jadi dengan Tambun n Sentoria..sy newbie dlm dunia saham ni..

apa dah jadi?

tambun rm1.16 last 10/5/13

sentoria rm0.68 last 10/5/13

 

[2bz4money]

Market abuzz as IPO boom poised to resume

Market abuzz as IPO boom poised to resume
May 16, 2013

A flurry of confirmed or rumoured IPOs to emerge post-election has caused a buzz in the market.

KUALA LUMPUR: Malaysia was among the world’s IPO leaders last year and the pace looks set to pick up again with tense elections out of the way and expectations that the government will push a reform agenda.

Malaysia’s exchange had a banner year for initial public offerings in 2012 as big issues capitalised on a rising share index and perceptions that a government plan to revitalise the economy would spur new investor interest.

Activity cooled in recent months, however, as investors held their breath in the run-up to hard-fought May 5 elections, but the 56-year-old ruling coalition once again retained power, promising policy continuity.

“The election may have held things up but a lot of money is still trying to come into this region and Malaysia is seeing good growth and is potentially attractive,” said Gundy Cahyadi, an economist with OCBC bank in Singapore.

A flurry of confirmed or rumoured IPOs to emerge post-election has caused a buzz in the market.

In the biggest so far, IOI Corp., one of Malaysia’s top palm-oil producers, said Tuesday it planned to spin off its real-estate holdings in a listing late in the year. Company officials said it could raise $630 million.

Among others, AirAsia X — the long-haul arm of successful budget carrier AirAsia — aims to raise up to $300 million in a possible July listing, a source close to the matter told AFP last week.

With the European and US economies struggling, the global IPO market largely stalled in 2012 but Malaysia emerged as a bright spot with several major listings led by palm-oil giant Felda Global Ventures’ $3.25 billion IPO last June.

Malaysia was the world’s fifth-largest IPO market last year, according to global accounting firm Ernst & Young, which said $7.34 billion was raised, up from $2.26 billion in 2011.

Analysts credit market optimism over an ambitious “economic transformation” plan launched by Prime Minister Najib Tun Razak after he took office in 2009.

Malaysia saw impressive economic growth and rising incomes over the decades on the strength of rich natural and energy resources and the birth of a manufacturing industry.

But it faces stiff competition from emerging neighbours like Indonesia, Thailand and Vietnam.

Mixed results

Najib responded with a programme to kick-start investment to revitalise key industries and vault Malaysia toward developed-country status.

The plan includes promises to water down policies that accord advantages in business to ethnic Malays — the country’s majority demographic — but are seen as harming competition.

Najib’s results so far are widely viewed as mixed but analysts see plenty of upside, noting that government investment under the programme has helped shield Malaysia from the global economic headwinds.

Malaysian GDP growth in 2012 was a respectable 5.6 percent.

Ernst & Young said in a recent report the programme was “building a strong pipeline for local and foreign investor support”.

“Strong investor confidence and steady economic growth is expected to keep the country’s IPO performance buoyant over the coming months,” it said.

Other companies considering IPOs include container port operator Westports, developer Iskandar Waterfront Holdings, and power generator Ranhill Energy and Resources. No details on those listings have emerged.

But a feared market correction could buffet planned issues, analysts said.

Malaysia’s main stock index has climbed steadily since the economy emerged from a 2009 recession caused by the global downturn, and is near all-time highs.

Malaysian investment holding company MMC said this week it was putting off to next year a possible IPO — rumoured at up to $1 billion — of its power unit Malakoff. MMC cited internal issues that it said could hinder growth.

“It really is not a great time. Things will turn defensive,” said Ooi Chin Hock, a dealer with Malaysia’s M&A Securities.

“But things could improve late in the year, and next year should be good.”

Sumber: www.freemalaysiatoday.com

 

[goldironman]

apa dah jadi?

tambun rm1.16 last 10/5/13

sentoria rm0.68 last 10/5/13

Salam,
My Tambun Indah history:
12 Jan 2011 - Entry Price (IPO) RM0.70
7 May 2013 - Exit Price RM1.05

Net Profit minus Total Fees (Brokerage + Clearing + Stamp duty) = 49% over 2 years 5 months period. Alhamdulillah syukur sangat.

Lesson Learnt 1: Must be patient and have strong holding power sebab penat mengeram 2 tahun lebih baru dapat tuai hasil paid
Lesson Learnt 2: Sentiasa doa juga untuk kesejahteraan negara Malaysia tercinta in keeping the bull momentum

 

[katani17]

Salam,
My Tambun Indah history:
12 Jan 2011 - Entry Price (IPO) RM0.70
7 May 2013 - Exit Price RM1.05

Net Profit minus Total Fees (Brokerage + Clearing + Stamp duty) = 49% over 2 years 5 months period. Alhamdulillah syukur sangat.

Lesson Learnt 1: Must be patient and have strong holding power sebab penat mengeram 2 tahun lebih baru dapat tuai hasil paid
Lesson Learnt 2: Sentiasa doa juga untuk kesejahteraan negara Malaysia tercinta in keeping the bull momentum

Sbb tue ada beza investor dan trader

 

[katani17]

Market abuzz as IPO boom poised to resume
May 16, 2013

A flurry of confirmed or rumoured IPOs to emerge post-election has caused a buzz in the market.

KUALA LUMPUR: Malaysia was among the world’s IPO leaders last year and the pace looks set to pick up again with tense elections out of the way and expectations that the government will push a reform agenda.

Malaysia’s exchange had a banner year for initial public offerings in 2012 as big issues capitalised on a rising share index and perceptions that a government plan to revitalise the economy would spur new investor interest.

Activity cooled in recent months, however, as investors held their breath in the run-up to hard-fought May 5 elections, but the 56-year-old ruling coalition once again retained power, promising policy continuity.

“The election may have held things up but a lot of money is still trying to come into this region and Malaysia is seeing good growth and is potentially attractive,” said Gundy Cahyadi, an economist with OCBC bank in Singapore.

A flurry of confirmed or rumoured IPOs to emerge post-election has caused a buzz in the market.

In the biggest so far, IOI Corp., one of Malaysia’s top palm-oil producers, said Tuesday it planned to spin off its real-estate holdings in a listing late in the year. Company officials said it could raise $630 million.

Among others, AirAsia X — the long-haul arm of successful budget carrier AirAsia — aims to raise up to $300 million in a possible July listing, a source close to the matter told AFP last week.

With the European and US economies struggling, the global IPO market largely stalled in 2012 but Malaysia emerged as a bright spot with several major listings led by palm-oil giant Felda Global Ventures’ $3.25 billion IPO last June.

Malaysia was the world’s fifth-largest IPO market last year, according to global accounting firm Ernst & Young, which said $7.34 billion was raised, up from $2.26 billion in 2011.

Analysts credit market optimism over an ambitious “economic transformation” plan launched by Prime Minister Najib Tun Razak after he took office in 2009.

Malaysia saw impressive economic growth and rising incomes over the decades on the strength of rich natural and energy resources and the birth of a manufacturing industry.

But it faces stiff competition from emerging neighbours like Indonesia, Thailand and Vietnam.

Mixed results

Najib responded with a programme to kick-start investment to revitalise key industries and vault Malaysia toward developed-country status.

The plan includes promises to water down policies that accord advantages in business to ethnic Malays — the country’s majority demographic — but are seen as harming competition.

Najib’s results so far are widely viewed as mixed but analysts see plenty of upside, noting that government investment under the programme has helped shield Malaysia from the global economic headwinds.

Malaysian GDP growth in 2012 was a respectable 5.6 percent.

Ernst & Young said in a recent report the programme was “building a strong pipeline for local and foreign investor support”.

“Strong investor confidence and steady economic growth is expected to keep the country’s IPO performance buoyant over the coming months,” it said.

Other companies considering IPOs include container port operator Westports, developer Iskandar Waterfront Holdings, and power generator Ranhill Energy and Resources. No details on those listings have emerged.

But a feared market correction could buffet planned issues, analysts said.

Malaysia’s main stock index has climbed steadily since the economy emerged from a 2009 recession caused by the global downturn, and is near all-time highs.

Malaysian investment holding company MMC said this week it was putting off to next year a possible IPO — rumoured at up to $1 billion — of its power unit Malakoff. MMC cited internal issues that it said could hinder growth.

“It really is not a great time. Things will turn defensive,” said Ooi Chin Hock, a dealer with Malaysia’s M&A Securities.

“But things could improve late in the year, and next year should be good.”

Sumber: www.freemalaysiatoday.com

antara matrix, Leon Fuan n Sonar mana yang Sonar mana yang grap? Nanti kalo ada research report tlg update :">

 

[boboboby]

Salam,
My Tambun Indah history:
12 Jan 2011 - Entry Price (IPO) RM0.70
7 May 2013 - Exit Price RM1.05

Net Profit minus Total Fees (Brokerage + Clearing + Stamp duty) = 49% over 2 years 5 months period. Alhamdulillah syukur sangat.

Lesson Learnt 1: Must be patient and have strong holding power sebab penat mengeram 2 tahun lebih baru dapat tuai hasil paid
Lesson Learnt 2: Sentiasa doa juga untuk kesejahteraan negara Malaysia tercinta in keeping the bull momentum

tahniah paid

 

[mytrade]

antara matrix, Leon Fuan n Sonar mana yang Sonar mana yang grap? Nanti kalo ada research report tlg update :">

Leon Fuat ada komited utk bayar dividen 30% dari nett profit..
tp rasanya kalau market masih bull semasa listing day sure IPO akan gain punya...

 

[mrmsy]

berapa fair price leon fuat listing day nti?

 

[goldironman]

MALAYSIA MARINE AND HEAVY ENG, MHB (5186), IPO Price RM3.61

Salam semua,
Otai2, what are your strategies having read recent MMHE news and below analyst report?
The question is when do u target to buy-in and get the best "sale" price?
Or rather avoid this counter?

Open Price Today: 3.19
Current Price: 3.30
Hurry up or else u miss the boat!




‘Fair value’ of MMHE at RM3.30
The Star linky

File picture showing vessels being worked on at MMHE’s shipyard in Pasir Gudang.
MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BHD (MMHE)

By AmResearch

Sell (maintain)

Fair value: RM3.30

WE maintain our “sell” call on MMHE with an unchanged fair value of RM3.30 per share based on a forecast financial year 2014 price-to-earnings ratio of 20 times at a 10% discount to Kencana Petroleum's peak of 22 times in 2007.

We maintain MMHE's forecast financial years 2013 to 2015 net profits as its first quarter 2013 results came in within our expectations but below street estimates.

MMHE's net profit of RM51mil came in at 22% of our financial year 2013 earnings forecast of RM232mil and 18% of general consensus' RM289mil.

MMHE's first quarter financial year 2013 revenue increased by 8% with the Gumusut-Kakap floating production storage (FPS) semi-submersible and Tapis projects nearing completion, together with the commencement of the Malikai tension leg platform (TLP), which was secured earlier this year.

But its pre-tax profit contracted by 6% due to the absence of any profit contribution from the Malikai TLP as its completion stage is currently below 5% and way below MMHE's 25% threshold policy for profit recognition and less marine repair work for liquefied natural gas and liquefied petroleum gas vessels.

The group's first quarter financial year 2013 net profit fell further, by half quarter-on-quarter to RM51mil due to absence of a positive tax charge seen in the last quarter of the previous financial year, which benefited MMHE with capital allowances stemming from the acquisition of Sime Darby Engineering yard.

On a year-on-year comparison, MMHE's revenue rose 39% due to the recognition of the Kebabangan contract (as the novation occurred in April 2012) and to a lesser extent, the F14/F29 and Damar platform and Malikai TLP projects.

But net profit fell 35% due to lower margins from the Kebabangan project and absence of profit contribution from the TLP job.

The Gumusut-Kakap FPS was recently rolled out from MMHE's Pasir Gudang yard and is currently undergoing sea trials off Johor.

With the completion of this long-delayed project, the group hopes to secure some variation orders, together with design changes for the earlier-completed FPSO Cendor conversion project.

We understand that the group is hoping to secure a further RM1.5bil of fresh orders, involving a large central procession platform and smaller structures from Petronas.

Including MMHE's 50% effective stake in the RM2.4bil Malikai TLP, the group will be securing RM2.7bil new orders for this year, slightly lower than our forecast revenue.

This means that with an estimated depletion rate of RM800mil per quarter, MMHE's order book could slide from RM2.3bil currently to RM1.4bil by year-end translating into only half of financial year 2014 forecast revenue.





Published: Tuesday May 21, 2013 MYT 6:27:00 PM
MMHE Q1 earnings down 35% to RM50.59m
By Nadya Ngui

The Star linky

KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd's (MMHE) earnings fell 35.3% to RM50.59mil in the first quarter ended March 31, 2013 from RM78.2mil a year ago.

It said on Tuesday its revenue however, surged 38.5% to RM921.82mil from RM665.26mil due to higher contribution from its TLP Malikai Deepwater offshore project. Earnings per share were 3.20 sen compared with 4.90 sen.

MMHE said the lower profit was because its Malikai's project's earnings had yet to be recognised due to its early stage of completion. However, its marine sector contributed positively through better pricing and increased scope of work from ship owners.

It said global oil price has declined but exploration and production project costs have remained high.

It said the industry has also seen major project like Woodside Petroleum's Browse onshore LNG and BP's Mad Dog Phase 2 being deferred and reassessed.

"As a result while tender assessment and activities remained active, timely order intake may be challenging compared to last year. Greater competition from regional yards for international and selected domestic projects that the group is bidding for will create a more competitive environment," it said.

 

[aiman27]

Air Asia X

AAX akan dilancarkan pd ari isnin ni 10hb