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Initial Public Offering (IPO)

utk retail 110711. utk institutional, tahu suda...

(mari kita gelak beso dulu...muahahahaha)

hehehe...adeh2...ni sis laa kan? retail tu kite laa yang apply melalui m2u atau cimbclick, tul x? x lame dah tu..hari isnin tahu laa..hopenye dapat..saya amik 5 lot je
 
hehehe...adeh2...ni sis laa kan? retail tu kite laa yang apply melalui m2u atau cimbclick, tul x? x lame dah tu..hari isnin tahu laa..hopenye dapat..saya amik 5 lot je

insya Allah tuan. sama2 kita doakan :)
 
oklah..since citer bab 1 closed suda semlm, apa kata kita pegi ramei2 ke pesta riang-ria tari tirana lak lepas ni? :)

so apo cito kito nyo pesta riang-ria? any update/s?
 
oklah..since citer bab 1 closed suda semlm, apa kata kita pegi ramei2 ke pesta riang-ria tari tirana lak lepas ni? :)

so apo cito kito nyo pesta riang-ria? any update/s?

pesta ape tuan..xpaham
 
oklah..since citer bab 1 closed suda semlm, apa kata kita pegi ramei2 ke pesta riang-ria tari tirana lak lepas ni? :)

so apo cito kito nyo pesta riang-ria? any update/s?

Bumi Armada to raise US$897 million in IPO
July 08, 2011

KUALA LUMPUR, July 8 — Bumi Armada is set to raise RM2.7 billion in its planned initial public offering, a term sheet showed, in what could be Southeast Asia’s second-largest listing this year.

The offshore oil and gas service provider sold its institutional portion of 798.7 million shares at RM3.03 a share.

The books were covered almost 50 times ahead of its listing on July 21, with strong demand almost evenly split between domestic and foreign investors, signalling improved sentiment despite recent volatility in Asian financial markets.

The retail portion of 79.9 million shares will be priced at RM3.15 per share or at the institutional price, whichever is lower. That means the retail investors will also pay RM3.03 apiece for Bumi Armada shares.

Bumi Armada is part of the stable of companies owned by Malaysian tycoon T Ananda Krishnan (picture), who also has a controlling interest in Malaysian telecommunications company Maxis.

Bumi Armada was privatised in 2003 and a planned relisting in 2008 was delayed due to the global financial crisis. A subsequent relisting plan was also shelved.

The IPO will become the largest offer in Malaysia since the listing of Petronas Chemicals last year. It ranks second to Hutchinson Port’s Singapore listing.

Joint global coordinators for the IPO are CIMB, Maybank and Credit Suisse. The banks are also joint bookrunners with RHB, CLSA and UBS. — Reuters

p/s: Nampaknya yg berjaya nnti akan dpt refund perbezaan hg RM3.03..:)
 
Bumi Armada to raise US$897 million in IPO
July 08, 2011

KUALA LUMPUR, July 8 — Bumi Armada is set to raise RM2.7 billion in its planned initial public offering, a term sheet showed, in what could be Southeast Asia’s second-largest listing this year.

The offshore oil and gas service provider sold its institutional portion of 798.7 million shares at RM3.03 a share.

The books were covered almost 50 times ahead of its listing on July 21, with strong demand almost evenly split between domestic and foreign investors, signalling improved sentiment despite recent volatility in Asian financial markets.

The retail portion of 79.9 million shares will be priced at RM3.15 per share or at the institutional price, whichever is lower. That means the retail investors will also pay RM3.03 apiece for Bumi Armada shares.

Bumi Armada is part of the stable of companies owned by Malaysian tycoon T Ananda Krishnan (picture), who also has a controlling interest in Malaysian telecommunications company Maxis.

Bumi Armada was privatised in 2003 and a planned relisting in 2008 was delayed due to the global financial crisis. A subsequent relisting plan was also shelved.

The IPO will become the largest offer in Malaysia since the listing of Petronas Chemicals last year. It ranks second to Hutchinson Port’s Singapore listing.

Joint global coordinators for the IPO are CIMB, Maybank and Credit Suisse. The banks are also joint bookrunners with RHB, CLSA and UBS. — Reuters

p/s: Nampaknya yg berjaya nnti akan dpt refund perbezaan hg RM3.03..:)

take away:
1) institutional price=$3.03. so retail price pun cegitu gak :)
2) institutional over subscribe 50x...retail? 110711 baru tau :))
3) dlm mesia, ipo Bab 1 yg terbesar so far
4) sesapa yg tau biz O&G, keep on smiling esp if ur application strike nanti :D
5) tp kalo itu carigali pon mao listing this year, dia akan wallop itu Bab 1 :)
 
M’sia IPO market remains robust

Written by Nadia S Hassan
Friday, 08 July 2011 11:32

KUALA LUMPUR: Despite a spate of delayed initial public offerings (IPOs) regionally, there has been no indication of a slow down in Malaysia.

“So far there has not been any indication of a slowdown in IPOs because of softening market conditions at least. It is different here than in Hong Kong or China, where the weak market has resulted in some IPOs being put on the backburner,” said OSK head of equity capital markets Gan Khim Koon.

This was echoed by UBS Securities Malaysia’s head of Malaysia equities Haizan K Johari. “We have not seen any indication of IPOs being delayed at this point,” he said.

July in particular is a busy time for new listings. Eversendai Corp Bhd listed in July and currently on the docket are another seven companies waiting to go public. The biggest is Bumi Armada Bhd, which sparked a great deal of interest among investors.

However, Gan said there is expected to be a lull post-July before picking up during the latter part of the year.

“This is because the regulations state that the earnings posted in a prospectus must not be older than six months. So if a company’s financial year ends on Dec 31, then June 30 is the last day for them to get their prospectuses approved,” he explained.

However, there have been reports of Axis Global Islamic REIT, which was due to be listed soon, having been delayed. But according to industry players, this may have had to do with other factors along with the weaker market sentiment.

The volatile market was one of the main reasons cited for delayed listings in Hong Kong, one of the most recent being China Outfitters Ltd. Luxury brand Prada SpA’s listing last month was lacklustre as a result of market sentiment, while Samsonite International SA’s IPO was priced at the lower end of its bookbuilding spectrum.

Gan is quick to note, however, that in the case of the Hong Kong IPOs, the amounts being raised are much larger than those here in Malaysia. “Of course, it’s a more difficult endeavour when you are aiming to raise billions from your IPO,” he said.

But Gan did add that while there wouldn’t be a delay in listings, it still remains to be seen whether investors will continue to show interest as market sentiment turns rocky.

“Because of how quickly the market moves, a company looking to list cannot afford to not be ready to do so in case the situation improves,” he said.

Looking ahead to the next six months, most are in agreement that global markets will continue to be skittish even as the crisis in Greece has found some level of resolution.

OSK Research in its Malaysia strategy report for the second half of 2011, is expecting a number of positive developments in July, namely the government’s Economic Transformation Programme, to add some bounce.

“Definitely due in part to the ETP, we note that foreign investors appear to be returning to our shores. While we do not yet have the latest foreign shareholding numbers from Bursa Malaysia, the exchange operator’s latest trading statistics on the local bourse indicate that foreign trading has risen to 30.4% in terms of value of trades after having been depressed since 2009. We believe the foreign shareholding level should have risen accordingly in June,” stated OSK.

OSK is expecting the local stock barometer, the FBM KLCI, to climb to 1,680 points by year-end.


This article appeared in The Edge Financial Daily, July 8, 2011.
 
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