Initial Public Offering (IPO)

[2bz4money]

FBM KLCI beats expectations, ending 10.5% higher than a year earlier

FBM KLCI beats expectations, ending 10.5% higher than a year earlier
by ng bei shan

PETALING JAYA: The local benchmark FTSE Bursa Malaysia KL Composite Index (FBM KLCI), buoyed by the country’s stability and economic resilience, has beaten expectations, ending the year 178.01 points, or 10.54%, higher at 1,866.96 points, compared with a year ago.

The closing was 5.56 points shy of the record high on Monday of 1,872.52 points.

Philip Capital Management Sdn Bhd chief investment officer Ang Kok Heng said the local index had exceeded estimations and at the same time outshone its regional peers.

“Our market has outperformed other markets due to the resilience of our economy, which is well-supported by the country’s diversified income such as oil and gas (O&G) as well as palm oil,” he said.

He explained that the relatively low holdings by foreigners had mitigated the higher level of outflow seen in other regional peers, while Malaysia continues to be seen as a lower risk market for them.

Compared with the FBM KLCI, Singapore’s Straits Times Index rose marginally at 0.01%, while the Jakarta Composite Index slipped 0.98% and the Bangkok Stock Exchange fell 6.7%. “Foreigners had been net buyers in the first half before the 13th General Election, but due to talks of the quantitative easing tapering in the United States, money flowed out of the country in the second half,” he said, adding that local funds, however, had alleviated the selling pressure and subsequently lifted the FBM KLCI to fresh highs.

Kenanga Research head Chan Ken Yew concurred. “We think that there is still a decent upside for the FBM KLCI in the first half of 2014, possibly looking at the 1,900-point level,” he told StarBiz.

On the broader market, the FTSE Bursa Malaysia 70 Index rose some 15% year-to-date, while the FTSE Bursa Malaysia Top 100 Index was up 11.4%, reflecting the overall improvement in the equities market. Small caps and ACE market-listed counters did not let the big- and mid-caps steal the limelight, with the FTSE Bursa Malaysia ACE Index and FTSE Bursa Malaysia Small Cap Index climbing about 34.7% and 36.7%, respectively.

Among the top-performing stocks, Hong Leong Capital Bhd surged RM8.51 to RM9.80 from RM1.29 a year ago on prospects of privatisation by its owner Tan Sri Quek Leng Chan and a very thin free float.

In percentage terms, Eco World Development Group Bhd, which did a reverse takeover of Focal Aims Holdings Bhd, ballooned almost thirteen times to RM3.80 from 30 sen at end-2012.

As for the index-linked stocks, Petroliam Nasional Bhd-related counters were in focus, while Tenaga Nasional Bhd jumped 64% mainly boosted by the announcement of the electricity tariff hike.

Going forward, Chan said some of the uncertainties that could cap market performance included the monetary policies in the United States and the inflation rate locally, as well as the anticipation of the impact of the implementation of the goods and services tax locally.

“We are selective on stocks and are bullish on the O&G sector,” he said, adding that plantation stocks as well as telecommunications stocks, which had been lagging, offered some opportunities.

Nonetheless, he expects the ringgit to strengthen to 3.15 against the US dollar in 2014 supported by fundamentals.

He said the negative sentiment towards the regional currencies, notably the Indonesian rupiah and the Thai baht, had spilled over to the ringgit.

“Our ringgit is fundamentally stronger than these two currencies,” he said, citing the decline in demand for the rupiah and political concerns that had impacted the baht.

Malaysian Rating Corp Bhd, meanwhile, expects the ringgit to average around 3.20 to 3.30 against the US dollar in 2014, weaker than the estimated average of 3.17 in 2013.

“We feel that the ringgit may not have a strong upside over the next one year, at least not until a clearer picture of the US Federal Reserve’s policy action emerges,” it said in a report. thestar.


Kredit: Ahmad Rosdi
Tahukah anda pasaran saham KLSE bagi tahun 2013 sunguh merangsangkan
Dari 902 saham yang disenaraikan ( tidak termasuk Warrant dan derivative lain)
66 saham mecapai kenaikan lebih dari 100% (7.3%)
142 saham mencapai antara 100 dan 50 % kenaikan ( 15.7%)
169 saham mencapai antara 50 dan 20% kenaikan (18.7%)
116 saham mencapai antara 10 dan 20% kenaikan (12.9%)
166 saham mencapai antara 0 dan 10% Kenaikan (18.4%)
Yang tak rugi adelah 659 ( 73%) daripada 902 saham
165 saham rugi 20% dan kurang (18.2)
62 saham rugi antara 20 dan 50 % (6.9%)
16 saham rugu lebih dari 50% (1.8%)
Yang Rugi adalah 243 saham atau (27%)
Dalam keadaan bagini kalau kita pejam mata beli pun kita patut untung.....

 

[2bz4money]

IOI listing 15 Jan 2014

Kita tengok nanti prestasi IOI, ipo pertama 2014 listing pada 15 Jan 2014..

 

[2bz4money]

Iqra'

Investing in 2014
by tan sri andrew sheng
Sumber: thestar

The end of the year is the time to reflect on the past and the beginning of the year is time to reflect on the future. SO how did your portfolio do last year?

The Dow Jones Industrial Average for US stocks hit 16,576 with a 26% gain for the year, the best year since 1996. By comparison, the Hang Seng Index performed 3%; Tokyo Nikkei did best at 57% and Bursa Malaysia ended 10.5% higher, just a tad off its record high.

On the other hand, the fastest growing economy in the world had the worst stock performance – the Shanghai A share index closed the year at -8%. Gold prices fell 27% to US$1,196 per oz, while property prices seemed to have done well in the United States and China. Bond prices are now extremely shaky, with the JPM Global Aggregate Bond Index falling by 2% during the year.

What is going on?

The answer has to be quantitative easing (QE) by the advanced country central banks. The world is still flush with liquidity and since investors are unclear on what direction to invest in, they have reversed investments in commodities (such as gold), avoided bonds because of prospective rises in interest rates and essentially piled into stocks.

Individual investors like you and I tend to forget that the market is really driven today by large institutional investors, including fast traders with computer-driven algorithms that have better information than the retail investor and can trade in and out faster and cheaper. It is not surprising that retail investors who have traditionally driven Asian markets have been moving more to the sidelines.

Even institutional investors are not equal. Long-term fund managers like pension funds and insurance companies are, by and large, highly regulated, with restrictions on what they can or cannot buy. So it is not surprising that the biggest money managers are today even larger than banks. BlackRock, the largest independent fund manager alone looks after nearly US$4 trillion, larger than most banks in emerging markets.

There are, of course, two types of asset management – active (where the managers actively invest according to their judgement on your behalf) and passive, where they simply follow the market indices or buy exchange traded funds (ETFs) that track market indices. According to the Towers-Perrin study of top 500 global asset managers, during the last decade, passive managers did better than the group as a whole.

So should we trust the market experts? I have been reading for years Byron Wien’s annual Predictions for Ten Surprises for the Year. Byron used to be a top investment pundit for Morgan Stanley but he is now working for Blackstone. His prediction of surprises is defined as events where average investor would assign one-third change of happening, but which he believed would have a better than 50% change of happening. He got roughly seven out of ten wrong in 2013, the more relevant mis-calls being the price of gold, a possible drop in S&P 500, the price of oil and the A share index.

Bill Gross, one of the top bond fund managers, pointed out that retail investors tend to be conservative, focusing largely on safe portfolios, such as investment grade and high yield bonds and stocks. But institutional investors have gravitated instead into alternative assets, hedge funds and more unconventional assets. Unfortunately, all these assets are “based on artificially low interest rates”. So if low interest rate policies are reversed, investors have to be prepared.

He rightly pointed out that the advanced country central banks are “basically telling investors that they have no alternative than to invest in riskier assets or to lever high-quality assets.” But if they withdraw QE or “taper”, then higher interest rates will cause a reversal of investment prices and also cause de-leveraging.

In other words, in order to bail out the world and keep the advanced economies afloat, their central banks are asking global investors to bear quite a lot of the risks of the downside. The smart money might be able to get out fast enough, but most retail investors do not have the skills to time their investments right.

So what should the retail investor do?

Peter Churchouse, who writes one of the best reports in Asia called Asia Hard Assets Report, quoted his son’s advice as “Buy good companies with strong earnings, strong growth and rock solid management. The world will go on.”

Quite right.

But how do we know which companies have rock solid management? My answer is: watch not what the annual report say (by all means read them), but look at what the management does. I have always tended to shy away from companies with high-profile CEOs who tend to win “Manager of the Year” awards.

There is, of course, no substitute for solid own research and look for yourself how the company or the economy that it operates in is doing.

The consumer or tourist is still the best investor because seeing for yourself gives you a feel of what is quite right or wrong with the country and just visiting the retail outlet, getting a sense of the service quality and the employee attitude would give you first hand what is right or wrong with the company you are investing in.

My favourite economy in Asia right now has to be Indonesia. I spent nearly 10 days over Christmas going through the markets of the most densely populated cities in Java and my conclusion was that Indonesia is on the move – literally. The population is young, mobile and connected. Every other shop seems to be selling mobile phones, cars or motorbikes. The quality of the retail shops, design and service has been improving over the years. And despite the coming elections, there is hope for change.

My bet, therefore, for 2014 is that if we stick to the better-run companies in the stronger economies, we should be better prepared for any tapering of QE to come.

Tan Sri Andrew Sheng is president of the Fung Global Institute.

 

[mytrade]

Kita tengok nanti prestasi IOI, ipo pertama 2014 listing pada 15 Jan 2014..

aik.naper saya tk jumpa dalam web BSKL IPO summary tentang IOI...
terlepas pandang barangkali...

close 6hb listing 15hb..9 hari je....skrg tempoh masa balloting lbh singkat...

 

[2bz4money]

aik.naper saya tk jumpa dalam web BSKL IPO summary tentang IOI...
terlepas pandang barangkali...

close 6hb listing 15hb..9 hari je....skrg tempoh masa balloting lbh singkat...

ntahlah bro, kat Click dan M2u pun x walaupun closing date 6/1/2014..komen pelabur pun agak x memuaskan..

Updated: Thursday January 2, 2014 MYT 4:00:51 PM
Listing of IOI Properties ‘rushed and ill-timed’ (Update)

by john loh

PETALING JAYA: Shareholders of IOI Corp Bhd now have until Monday to subscribe for shares in IOI Properties Group Bhd.

The plantation giant had on New Year's Eve extended the closing date for applications for the restricted offer shares (ROS) until 5pm on Jan 6, although the listing is still set for Jan 15.

StarBiz had reported earlier that minority shareholders of IOI Corp were miffed at the long-awaited listing of the group’s property arm, claiming the process was rushed at the expense of shareholders.

Remisiers told StarBiz they had received numerous complaints from clients scrambling to register their entitlement for IOI Properties, as most of them were away for the holidays or had yet to receive the necessary documents by post.

IOI Corp had said previously that applications for IOI Properties shares under the ROS could be made between Dec 26 and today, or five working days minus the holidays.

The allotment for IOI Properties shares was originally slated for Jan 10, ahead of the listing on Jan 15.

IOI Properties is to be listed by way of a distribution-in-specie and ROS involving 3.24 billion shares to shareholders of IOI Corp.

This entails the distribution-in-specie of one IOI Properties share for every three IOI Corp shares and ROS of one IOI Properties share for every six IOI Corp shares.

Each IOI Properties share has been priced at RM1.76 under the ROS – a 30% discount to the reference price of RM2.51 and an even steeper 74% to IOI Properties’ pro forma net asset per share of RM3.07.

The ex-entitlement or cut-off date for the distribution-in-specie and ROS was Dec 19, meaning investors would have had to own IOI Corp shares by then to get a slice of IOI Properties.

Upon listing, IOI Properties is poised for a market capitalisation of at least RM8.13bil, making it Malaysia’s No. 2 property firm by market value after UEM Sunrise Bhd.

Shareholders of IOI Corp had one week from last Thursday to receive the notice of provisional offer, complete the offer acceptance form and buy the bank draft if they wish to accept their entitlement to the ROS.

Payment by cheque is not allowed.

While the application is downloadable from Bursa Malaysia’s website, a remisier said this put senior citizens at a disadvantage.

“Many of them don’t have access to the Internet. It shows a lack of concern for shareholders,” he said.

Shareholders would have lost out on the ROS if they did not respond within the earlier Dec 26, 2013-Jan 2, 2014 deadline.

A source close to IOI Corp had told StarBiz on Monday that no extension would be granted because the company had made all the necessary announcements and followed standard operating procedure.

“The listing was targeted for November, but some approvals took time and pushed it back to January.

“The dates should not have come as a surprise to shareholders. They have had ample time to get ready since the offer price was fixed on Dec 6,” the person said.

“Bankers and stockbrokers can handle the transaction on behalf of shareholders,” he added.

A remisier, however, disputes this.

“It is easy to say that, but who takes responsibility if something goes wrong? Stockbrokers are not authorised to sign on behalf of clients. We can try to help one or two clients, but not if it involves thousands of ringgit,” he lamented.

IOI Corp had failed to secure the full consent of its bondholders in August for the demerger of IOI Properties, putting a slight hitch in the listing, which was initially scheduled for September.

The matter was eventually resolved after IOI Corp improved the terms of its offer to the bondholders.

“These delays were no fault of the shareholders, so why should they be made to cover for lost time by rushing through the exercise?” asked a stockbroker.

 

[mytrade]

ntahlah bro, kat Click dan M2u pun x walaupun closing date 6/1/2014..komen pelabur pun agak x memuaskan..

Oh ni bukan open for public...dia offer pada shareholder...entitlement...

 

[2bz4money]

CDS a/c BIMB Securities

Dah a/k al awfar utk menang jutawan, terlintas pulak aku utk buka a/c CDS dgn BIMB Sec..besok jumpa remisiernya kat al Faiz Bistro. bagi yg nak berjinak2 dgn ipo ni, pra syaratnya perlu ada a/c CDS..

 

[Actifast]

Dah a/k al awfar utk menang jutawan, terlintas pulak aku utk buka a/c CDS dgn BIMB Sec..besok jumpa remisiernya kat al Faiz Bistro. bagi yg nak berjinak2 dgn ipo ni, pra syaratnya perlu ada a/c CDS..

CDS mana-mana bank blh ke bro? sy dah ada.

 

[Pengedar Sah Shaklee]

berguru lah dalam bidang ni. boleh buat duit ni. hehe

 

[2bz4money]

Dah a/k al awfar utk menang jutawan, terlintas pulak aku utk buka a/c CDS dgn BIMB Sec..besok jumpa remisiernya kat al Faiz Bistro. bagi yg nak berjinak2 dgn ipo ni, pra syaratnya perlu ada a/c CDS..

CDS mana-mana bank blh ke bro? sy dah ada.

Mana2 CDS pun bole pakai. Semalam aku dah fillup form CDS a/c diuruskan oleh pasangan remisier/dealer dari BIMB. Tak payah nak bersusah cari bank dan parking. Kalu ada yg berminat nak buka a/c CDS, bole amik dari aku kat Bangi ni. Kuantiti terhad je ada..