syukur & tahniah kekawan yg dapat Manis Sepanjang Masa..gula ni brg consumer yg slalu pkai, ada brand, monopoli..bole jual anytime je..tapi saya suka prospek dividen utk jangka panjang..
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Initial Public Offering (IPO)
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2bz4money
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'Mega' listings to put shine back into IPO market
'Mega' listings to put shine back into IPO market
By Zurinna Raja Adam
Published: 2011/06/28
Kuala Lumpur: Upcoming "mega" listings should buck the trend of lethargic initial public offerings (IPOs) of late, analysts said.
This is because the IPOs such as MSM Malaysia Holdings Bhd's are initiated by companies with good track record and of well-known brand names, they added.
"Given the big size each IPO is offering, they will also garner interest among investors," an analyst said when contacted yesterday.
MSM Malaysia, the sugar refining unit of Felda Global Ventures Holdings Sdn Bhd, will be listed today and analysts agreed that it is set to help revitalise the local capital market, especially after announcing a surge in profit prior to its listing debut.
MSM Malaysia's net profit for the first quarter ended March 31 increased by 416.5 per cent to RM62.2 million, mainly due to the rise in sales and higher prices of refined sugar products.
Group revenue for the quarter rose to RM503.2 million against RM497.8 million previously. The group raised some RM422.5 million from its listing exercise.
MSM Malaysia is the leading sugar refining group in the country with a production capacity of 1.1 million. It controls more than half of the local sugar market.
"Its book-building ended up at higher price as investors were keen to get some shares of the company," said JF Apex Securities analyst.
Book-building is an exercise by which an underwriter attempts to determine at what price to offer an IPO based on the demand from institutional investors.
"The MSM IPO will make investors forget about bad IPOs for a while though no one can prevent it from happening again," the JF Apex analyst said.
The listings of three other companies, namely steel contractor Eversendai Corp Bhd (July 1), food and beverage group OldTown Bhd (July 13) and tycoon T. Ananda Krishnan's shipping firm Bumi Armada, are also expected to be well-received and help buck the local IPO trend this year.
To date, Bursa Malaysia has received 16 new companies.
syukur & tahniah kekawan yg dapat Manis Sepanjang Masa..
'Mega' listings to put shine back into IPO market
By Zurinna Raja Adam
Published: 2011/06/28
Kuala Lumpur: Upcoming "mega" listings should buck the trend of lethargic initial public offerings (IPOs) of late, analysts said.
This is because the IPOs such as MSM Malaysia Holdings Bhd's are initiated by companies with good track record and of well-known brand names, they added.
"Given the big size each IPO is offering, they will also garner interest among investors," an analyst said when contacted yesterday.
MSM Malaysia, the sugar refining unit of Felda Global Ventures Holdings Sdn Bhd, will be listed today and analysts agreed that it is set to help revitalise the local capital market, especially after announcing a surge in profit prior to its listing debut.
MSM Malaysia's net profit for the first quarter ended March 31 increased by 416.5 per cent to RM62.2 million, mainly due to the rise in sales and higher prices of refined sugar products.
Group revenue for the quarter rose to RM503.2 million against RM497.8 million previously. The group raised some RM422.5 million from its listing exercise.
MSM Malaysia is the leading sugar refining group in the country with a production capacity of 1.1 million. It controls more than half of the local sugar market.
"Its book-building ended up at higher price as investors were keen to get some shares of the company," said JF Apex Securities analyst.
Book-building is an exercise by which an underwriter attempts to determine at what price to offer an IPO based on the demand from institutional investors.
"The MSM IPO will make investors forget about bad IPOs for a while though no one can prevent it from happening again," the JF Apex analyst said.
The listings of three other companies, namely steel contractor Eversendai Corp Bhd (July 1), food and beverage group OldTown Bhd (July 13) and tycoon T. Ananda Krishnan's shipping firm Bumi Armada, are also expected to be well-received and help buck the local IPO trend this year.
To date, Bursa Malaysia has received 16 new companies.
2bz4money
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eIPO OldTown tutup 5ptg ni; mungkin di kalangan tuan/puan sudah membuat keputusan berdasarkan analisis (incl perception) masing2..
saya pun dah buat keputusan pagi ni..kena pilih satu je tertakluk kpd modal, sementera menunggu Bumi Armada kuar prospektusnya nnti..
sueweal
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Dasyat jg ipo ni banding dgn Unit Trust ek. Mcmna nak mula.. klau dgn Maybank
katani17
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eIPO OldTown tutup 5ptg ni; mungkin di kalangan tuan/puan sudah membuat keputusan berdasarkan analisis (incl perception) masing2..
saya pun dah buat keputusan pagi ni..kena pilih satu je tertakluk kpd modal, sementera menunggu Bumi Armada kuar prospektusnya nnti..
Bumi Armada bila start listing BSKL bro? Nak spare bajet siap2. Kalo bumi kuar dalam masa terdekat nak adjust cashflow utk beli prestariang.
p/s prestariang banyak dapat projek kerajaan n saham pilihanraya ker?
Sapa ada OSK report Inari n Prestariang?
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AmoipakaiSpek
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Kene bukak CDS & Trading Acc kat maybank... Gi kat Maybank Investment lepas tu diorg akan tolong. And after that bole online je.. Bli IPO pon melalui maybank2u... Gi je sana dulu, nnt diorg akan terangkan...~chill~
AmoipakaiSpek
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Nk tanye, ape pendapat korang dgn inari n prestariang? OK ke dua2 company ni?
2bz4money
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Twenty bumi listings planned
Wednesday June 29, 2011
Twenty bumi listings planned
So far four companies listed under Government scheme
KUALA LUMPUR: About 20 companies are expected to be listed on the local bourse under the Government's Skim Jejak Jaya Bumiputra (SJJB).
“Prestariang Bhd is the fourth bumiputra company to be listed this year under this programme. So far six companies have been listed, including two last year. Its small number, of course, but going forward there are probably around 20 listings in the pipeline,” International Trade and Industry Minister Datuk Seri Mustapa Mohamed said after launching Prestariang's prospectus yesterday. However, he did not provide a timeline for this.
The SJJB scheme was set up in 2007 to elevate bumiputra entrepreneurial capabilities, particularly in the area of equity ownership.
To date, it has identified 30 capable bumiputra companies that have fulfilled the Securities Commission's (SC) listing criteria and need only Government assistance to ensure they meet Bursa Malaysia's listing requirements.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed (left) shaking hands with Prestariang Bhd's CEO Dr Abu Hasan Ismail (right) at the launch of Prestariang's prospectus yesterday. - Starpic by Lim Cheng Kiat
“We know that the number of bumiputra companies listed on the local stock exchange is quite small. Bumiputra equity in the corporate sector is still not satisfactory. So that's why the Government introduced this scheme,” Mustapa said.
Main Market-bound Prestariang expects to raise RM19.8mil from its initial public offering (IPO). The company is also bullish on its financial performance for the rest of the year driven by its expansion plans.
“Last financial year was sterling. We are expecting another sterling performance this year. I think once you see our first quarter results, you will know roughly what we will be making,”said chief executive officer Dr Abu Hassan Ismail.
For the financial year ended Dec 31, 2010 (FY10), Prestariang posted a net profit of RM15.1mil, a100% increase from RM7.5mil in FY09. Its revenue in FY10 rose to RM58.5mil from RM39.4mil a year ago.
The information and communications technology (ICT) training and certification provider has laid out its plans to expand geographically, venture into new business, introduce new certification programmes as well as set up new and upgrade its training programmes and certifications.
The company intends to lease and renovate properties in Penang, Johor and Sarawak for the purpose of establishing a sales office and training centre in each of the states. It is also in the midst of expanding its business to the Middle East.
“With our solid background and global plans strategically in place, we will soon have new income streams form our overseas markets as well as our in-house titles launched for the global markets,” Dr Abu said.
He said the reason why Prestariang was going for a listing exercise was because it was at the stage of “too small to be big and too big to be small”.
“We thought that by tapping the capital market, it will give us access to funds for us to grow not just locally but also to grow globally. It is a very crowded market currently, and that's one of the reasons we are pushing it (listing) towards the end of the month,” Dr Abu said.
To a question, he said Prestariang currently had an orderbook of RM145.9mil and was working hard to increase the figure.
In FY10, Prestariang derived the bulk of its revenue from government contracts. About 63% of its revenue in FY10 is from the Higher Education Ministry, 11.7% from the Inland Revenue Board and 0.03% from the Health Ministry.
Dr Abu said the company realised its dependency on government contracts and have been making changes to reduce its dependency.
“We were dependent on government contracts. If you see the first quarter results, you will see a big shift of the instruments and initiatives we've put in place for the last six to nine months.
“You will see a big shift in our relationship with the private sector. We're not a government-dependent company,” he said.
Prestariang's IPO entails the public issue of 22 million new ordinary shares and an offer for sale of 77 million shares at an issue price of 90 sen per share.
The public issue of 22 million new ordinary shares will be allocated to the Malaysian public while the offer for sale shares will be allocated to eligible directors, employees, business associates, bumiputras, selected investors and the general public.
Prestariang is expected to be listed on the Main Market of Bursa Malaysia on July 27.
p/s: berPESTA projek dan masa hadapan yg sungguh RIANG..
Wednesday June 29, 2011
Twenty bumi listings planned
So far four companies listed under Government scheme
KUALA LUMPUR: About 20 companies are expected to be listed on the local bourse under the Government's Skim Jejak Jaya Bumiputra (SJJB).
“Prestariang Bhd is the fourth bumiputra company to be listed this year under this programme. So far six companies have been listed, including two last year. Its small number, of course, but going forward there are probably around 20 listings in the pipeline,” International Trade and Industry Minister Datuk Seri Mustapa Mohamed said after launching Prestariang's prospectus yesterday. However, he did not provide a timeline for this.
The SJJB scheme was set up in 2007 to elevate bumiputra entrepreneurial capabilities, particularly in the area of equity ownership.
To date, it has identified 30 capable bumiputra companies that have fulfilled the Securities Commission's (SC) listing criteria and need only Government assistance to ensure they meet Bursa Malaysia's listing requirements.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed (left) shaking hands with Prestariang Bhd's CEO Dr Abu Hasan Ismail (right) at the launch of Prestariang's prospectus yesterday. - Starpic by Lim Cheng Kiat
“We know that the number of bumiputra companies listed on the local stock exchange is quite small. Bumiputra equity in the corporate sector is still not satisfactory. So that's why the Government introduced this scheme,” Mustapa said.
Main Market-bound Prestariang expects to raise RM19.8mil from its initial public offering (IPO). The company is also bullish on its financial performance for the rest of the year driven by its expansion plans.
“Last financial year was sterling. We are expecting another sterling performance this year. I think once you see our first quarter results, you will know roughly what we will be making,”said chief executive officer Dr Abu Hassan Ismail.
For the financial year ended Dec 31, 2010 (FY10), Prestariang posted a net profit of RM15.1mil, a100% increase from RM7.5mil in FY09. Its revenue in FY10 rose to RM58.5mil from RM39.4mil a year ago.
The information and communications technology (ICT) training and certification provider has laid out its plans to expand geographically, venture into new business, introduce new certification programmes as well as set up new and upgrade its training programmes and certifications.
The company intends to lease and renovate properties in Penang, Johor and Sarawak for the purpose of establishing a sales office and training centre in each of the states. It is also in the midst of expanding its business to the Middle East.
“With our solid background and global plans strategically in place, we will soon have new income streams form our overseas markets as well as our in-house titles launched for the global markets,” Dr Abu said.
He said the reason why Prestariang was going for a listing exercise was because it was at the stage of “too small to be big and too big to be small”.
“We thought that by tapping the capital market, it will give us access to funds for us to grow not just locally but also to grow globally. It is a very crowded market currently, and that's one of the reasons we are pushing it (listing) towards the end of the month,” Dr Abu said.
To a question, he said Prestariang currently had an orderbook of RM145.9mil and was working hard to increase the figure.
In FY10, Prestariang derived the bulk of its revenue from government contracts. About 63% of its revenue in FY10 is from the Higher Education Ministry, 11.7% from the Inland Revenue Board and 0.03% from the Health Ministry.
Dr Abu said the company realised its dependency on government contracts and have been making changes to reduce its dependency.
“We were dependent on government contracts. If you see the first quarter results, you will see a big shift of the instruments and initiatives we've put in place for the last six to nine months.
“You will see a big shift in our relationship with the private sector. We're not a government-dependent company,” he said.
Prestariang's IPO entails the public issue of 22 million new ordinary shares and an offer for sale of 77 million shares at an issue price of 90 sen per share.
The public issue of 22 million new ordinary shares will be allocated to the Malaysian public while the offer for sale shares will be allocated to eligible directors, employees, business associates, bumiputras, selected investors and the general public.
Prestariang is expected to be listed on the Main Market of Bursa Malaysia on July 27.
p/s: berPESTA projek dan masa hadapan yg sungguh RIANG..
2bz4money
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20pc upside potential to Old Town IPO
20pc upside potential to Old Town IPO
From HwangDBS Vickers
June 28, 2011
- 2-in-1 exposure in café chain operation and coffee beverage manufacturing
- Strong cash-flow generation equals high dividend payout
- Fair value of RM1.50 based on FY12F P/E of 12 x, offering 20 per cent upside potential
Modern twist to old heritage
Old Town is the manufacturer of “OLDTOWN” instant beverages and the operator of the “OLDTOWN WHITE COFFEE” kopitiam-based café outlet chain. Since the inception of its first shop in 2005, it has expanded to 182 café outlets in Malaysia, Singapore and Indonesia as at June 22, 2011. Of these, half are either fully owned or partially owned outlets. The other half are franchised shops. In terms of profit mix, the café chain operation contributes more (65 per cent of FY10 net profit) while the beverage manufacturing segment accounts for the balance.
The opening of more outlets will drive growth. Within a short six years, Old Town has expanded its “OLDTOWN WHITE COFFEE” café outlets from one store in Ipoh to 182 outlets spanning Malaysia, Singapore and Indonesia. The number of outlets is set to continue growing, with 38 outlets slated to open in FY11 (of which 14 are already in operation) and an additional 31 shops in FY12.
Each fully owned outlet is projected to generate about RM1 million a year in revenue, though the initial contributions will be lower. We expect the growing network of café outlets to lift total revenue to RM300.6 million (+18 per cent y-o-y) in FY11 and RM349.5 million (+16 per cent y-o-y) in FY12, translating to a two-year net profit CAGR of 14 per cent to RM41.4m.
High-dividend payout expectations
Old Town has set a minimum dividend payout policy of 50 per cent of its gross earnings for FY11 and FY12. Based on our forecasts, net DPS works out to be 4.1 sen this year and 4.7 sen next year, which translates to dividend yields of 3.3 year and 3.8 years respectively. We believe Old Town is in a position to sustain the high dividend payout expectations given its healthy balance sheet, with net cash balance projected to rise from RM14.4 million (or 4.4 sen per share) after the listing to RM34.8 million (or 10.6 sen per share) by end-FY12.
Subscribe for a 20 per cent upside potential. We arrive at our RM1.50 fair value based on a P/E multiple of 12x on FY12F EPS of 12.5 sen. Compared with its two locally listed peers, our target P/E valuation represents a discount to KFC (P/E of 16x) and a premium to Berjaya Food (P/E of 9x). This partly reflects Old Town’s market-cap size of RM495 million (based on our fair value of RM1.50) vis-à-vis KFC’s RM3.1 billion and Berjaya Food’s RM119 million.
20pc upside potential to Old Town IPO
From HwangDBS Vickers
June 28, 2011
- 2-in-1 exposure in café chain operation and coffee beverage manufacturing
- Strong cash-flow generation equals high dividend payout
- Fair value of RM1.50 based on FY12F P/E of 12 x, offering 20 per cent upside potential
Modern twist to old heritage
Old Town is the manufacturer of “OLDTOWN” instant beverages and the operator of the “OLDTOWN WHITE COFFEE” kopitiam-based café outlet chain. Since the inception of its first shop in 2005, it has expanded to 182 café outlets in Malaysia, Singapore and Indonesia as at June 22, 2011. Of these, half are either fully owned or partially owned outlets. The other half are franchised shops. In terms of profit mix, the café chain operation contributes more (65 per cent of FY10 net profit) while the beverage manufacturing segment accounts for the balance.
The opening of more outlets will drive growth. Within a short six years, Old Town has expanded its “OLDTOWN WHITE COFFEE” café outlets from one store in Ipoh to 182 outlets spanning Malaysia, Singapore and Indonesia. The number of outlets is set to continue growing, with 38 outlets slated to open in FY11 (of which 14 are already in operation) and an additional 31 shops in FY12.
Each fully owned outlet is projected to generate about RM1 million a year in revenue, though the initial contributions will be lower. We expect the growing network of café outlets to lift total revenue to RM300.6 million (+18 per cent y-o-y) in FY11 and RM349.5 million (+16 per cent y-o-y) in FY12, translating to a two-year net profit CAGR of 14 per cent to RM41.4m.
High-dividend payout expectations
Old Town has set a minimum dividend payout policy of 50 per cent of its gross earnings for FY11 and FY12. Based on our forecasts, net DPS works out to be 4.1 sen this year and 4.7 sen next year, which translates to dividend yields of 3.3 year and 3.8 years respectively. We believe Old Town is in a position to sustain the high dividend payout expectations given its healthy balance sheet, with net cash balance projected to rise from RM14.4 million (or 4.4 sen per share) after the listing to RM34.8 million (or 10.6 sen per share) by end-FY12.
Subscribe for a 20 per cent upside potential. We arrive at our RM1.50 fair value based on a P/E multiple of 12x on FY12F EPS of 12.5 sen. Compared with its two locally listed peers, our target P/E valuation represents a discount to KFC (P/E of 16x) and a premium to Berjaya Food (P/E of 9x). This partly reflects Old Town’s market-cap size of RM495 million (based on our fair value of RM1.50) vis-à-vis KFC’s RM3.1 billion and Berjaya Food’s RM119 million.
2bz4money
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Upcoming IPO(s)
Upcoming IPO(s)
» Bumi Armada Berhad
» Hibiscus Petroleum Berhad
» Catcha Media Berhad
p/s: rambang mata ni..dari segi nature of biz, menarik2 belaka..
New IPO(s)
Issuer Offer / Issue Price Closing Date Listing Date
Oldtown Berhad 1.25 29/06/2011 13/07/2011
Prestariang Berhad 0.90 15/07/2011 27/07/2011
Inari Berhad 0.38 07/07/2011 19/07/2011
p/s: byk pilihan skrg..
Upcoming IPO(s)
» Bumi Armada Berhad
» Hibiscus Petroleum Berhad
» Catcha Media Berhad
p/s: rambang mata ni..dari segi nature of biz, menarik2 belaka..
