BTC USD 84,354.1 Gold USD 4,151.22
Time now: Jun 1, 12:00 AM

Initial Public Offering (IPO)

FGV prices IPO near top of range

HONG KONG/KUALA LUMPUR: Felda Global Ventures Holdings, the world’s third largest palm oil company by acreage, priced its IPO late yesterday near the top of an indicative range, buoyed by strong demand from domestic investors to help it counter a recent global trend of failed listings.

The world’s second-biggest initial public offering this year behind Facebook Inc’s US$16 billion (RM50.8 billion) offering will put Kuala Lumpur on par with Shenzhen as the main IPO destination in Asia Pacific, leaving behind Hong Kong which grossed the highest IPO proceeds in the world in both 2010 and 2011.

The company priced the IPO at RM4.55 a share, near the top of a RM4.00-RM4.65 indicative range, said three sources with direct
knowledge of the deal who were not authorised to speak publicly on the matter.

Felda offered 2.19 billion shares, putting the deal at RM9.96 billion.

Two IPOs in Malaysia were among the region’s top-10 best performing offerings in 2011.

Sugar refiner MSM Malaysia Holdings, which raised US$270 million (RM857.9 million) in June and is controlled by FGV, is up 50 per cent, while offshore oil and gas service provider Bumi Armada is up by more than a third since its July IPO.

And, feeding the optimism ahead of the FGV share sale, Gas Malaysia jumped on its market debut on Monday and has gained more than 10 per cent.

“There’s a large pool of institutional money in Malaysia looking for investment opportunities,” said Singapore-based John Doyle, chief investment officer for equities at UOB Asset Management.

“You’re finding a fair bit of demand for new issues coming from domestic institutions and that’s the single biggest differentiator.”

Demand for Felda shares from institutional investors was more than 30 times larger than the amount of shares on offer, excluding shares set aside for cornerstone investors, Thomson
Reuters publication IFR reported.

The company received enough orders to price at the top of the indicative range, but FGV executives and its bankers decided to price slightly below the top of the range to “leave some money
on the table,” one of the sources said.

The company will likely exercise a greenshoe option to meet additional demand for the IPO, though a final decision will depend on the performance of the shares after listing, the source
added.

Several multi-billion dollar offers from Asian companies are set to launch later this year, including IHH Healthcare Bhd’s US$2 billion (RM6.4 billion) IPO, also in Malaysia. Reuters
 
HONG KONG/KUALA LUMPUR: Felda Global Ventures Holdings, the world’s third largest palm oil company by acreage, priced its IPO late yesterday near the top of an indicative range, buoyed by strong demand from domestic investors to help it counter a recent global trend of failed listings.

The world’s second-biggest initial public offering this year behind Facebook Inc’s US$16 billion (RM50.8 billion) offering will put Kuala Lumpur on par with Shenzhen as the main IPO destination in Asia Pacific, leaving behind Hong Kong which grossed the highest IPO proceeds in the world in both 2010 and 2011.

The company priced the IPO at RM4.55 a share, near the top of a RM4.00-RM4.65 indicative range, said three sources with direct
knowledge of the deal who were not authorised to speak publicly on the matter.

Felda offered 2.19 billion shares, putting the deal at RM9.96 billion.

Two IPOs in Malaysia were among the region’s top-10 best performing offerings in 2011.

Sugar refiner MSM Malaysia Holdings, which raised US$270 million (RM857.9 million) in June and is controlled by FGV, is up 50 per cent, while offshore oil and gas service provider Bumi Armada is up by more than a third since its July IPO.

And, feeding the optimism ahead of the FGV share sale, Gas Malaysia jumped on its market debut on Monday and has gained more than 10 per cent.

“There’s a large pool of institutional money in Malaysia looking for investment opportunities,” said Singapore-based John Doyle, chief investment officer for equities at UOB Asset Management.

“You’re finding a fair bit of demand for new issues coming from domestic institutions and that’s the single biggest differentiator.”

Demand for Felda shares from institutional investors was more than 30 times larger than the amount of shares on offer, excluding shares set aside for cornerstone investors, Thomson
Reuters publication IFR reported.

The company received enough orders to price at the top of the indicative range, but FGV executives and its bankers decided to price slightly below the top of the range to “leave some money
on the table,” one of the sources said.

The company will likely exercise a greenshoe option to meet additional demand for the IPO, though a final decision will depend on the performance of the shares after listing, the source
added.

Several multi-billion dollar offers from Asian companies are set to launch later this year, including IHH Healthcare Bhd’s US$2 billion (RM6.4 billion) IPO, also in Malaysia. Reuters

wopss...takleh kayo la den mcm ni..
 
Malakoff said planning US$1b IPO

Malakoff Bhd, Malaysia’s largest independent power producer, is planning an initial public offering that may raise about US$1 billion, two people with knowledge of the matter said.

The Kuala Lumpur-based company, 51 percent owned by port operator and power producer MMC Corp, invited at least six banks to submit proposals for the IPO by June 18, said the people, who spoke on the condition of anonymity because the process is private. The share sale may take place by the end of this year, they said.

Zainal Abidin Jalil, Malakoff’s chief executive officer, wasn’t immediately available to comment on the IPO plan when phoned at his office in Kuala Lumpur yesterday.

Malakoff was publicly traded until it was acquired by MMC in 2007 for RM9.3 billion (US$2.9 billion), according to data compiled by Bloomberg. The company has six power stations, and plans to expand overseas, according to its website. The IPO may value Malakoff at as much as US$3.5 billion, one person said.

Controlled by billionaire Syed Mokhtar Al-Bukhary, MMC said in May last year that it plans to list three units including Malakoff this year or next. The first to be listed, Gas Malaysia Bhd. surged as much as 15 percent on its first day of trading in Kuala Lumpur this week. The other unit MMC plans to list is Johor Port, which operates a port in southern Malaysia. -- Bloomberg

2bz4money: KIV Malakoff & Johor Port
 
hjg tahun ni astro pn dijangka akan di listed jg nanti
 
MSM bayar dividen 19 sen sesaham

Dear Sir/Madam,

We wish to inform you that the below net dividend due to you will be paid to your designated Bank Account as follows:

DIVIDEND MSM MALAYSIA HOLDINGS BERHAD (935722-K) DIV NO 1

DIVIDEND TYPE : INTERIM DIVIDEND
BENEFICIARY BANK : CIMB BANK
PAYMENT DATE : 28 December 2011
CDS A/C NO. : XXXXX6588


The crediting of monies to your account will be subject to final clearance by the Clearing House & Beneficiary Bank.

In the event that the above transaction to your account is not successful, a cheque for the same amount will be issued and sent to you at your address as per the Record of Depositor. Please retain the tax voucher for submission to the Inland Revenue Department.

Should you have not receive the payment, please contact your Registrar accordingly.

This is a system generated email. Please do not respond.

p/s: jazakallah..manisnya gula MSM ni :)paid

MSM bayar dividen 19 sen sesaham

KUALA LUMPUR 13 Jun - MSM Malaysia Holdings Bhd. (MSM) mengumumkan keseluruhan dividen pertamanya selepas ia disenaraikan di Bursa Malaysia, berjumlah 19 sen sesaham bagi keseluruhan tahun kewangan 2011.

Presiden Felda Global Venture Holdings Bhd (FGV), Datuk Sabri Ahmad berkata, dividen sebanyak lapan sen sesaham daripada jumlah tersebut telah dibayar kepada pemegang saham pada Disember lalu.

"Pemegang saham amat gembira kerana bayaran dividen sebanyak 19 sen sesaham amat baik semasa harga pasaran lebih kurang RM5 seunit dan jika ditukar ia lebih kurang 3.8 peratus hasil selama enam bulan, " katanya semasa sidang akhbar selepas Mesyuarat Agung Tahunan Pertama MSM di sini hari ini.

Syarikat pengeluar gula proses terbesar di Malaysia milik (FGV) disenarai di Bursa Malaysia pada 28 Jun tahun lalu dengan modal pasaran mencecah RM3.5 bilion.

2bz4money: Terlupa pulak pegi AGM utk free lunch. MSM aku simpan utk makan dividen tiap2 tahun..
:)
 
mantop !!! saham2 sasaran ni :)

saham bank islam (BIMB) ade dlm pemerhatian bro 2bz4money x??
 
Back
Top
Log in Register