Initial Public Offering (IPO)

[ayip]

IPO: Logistics firm Xin Hwa going for IPO.

Xin Hwa Holdings Bhd, a logistic service provider that is looking to make its debut ion Bursa Malaysia’s Main Market, plans to use bulk of its IPO proceeds for business expansion. Out of the 75% of IPO proceeds allocated for expansion, Xin Hwa plans to construct a new warehouse in Pasir Gudang, Johor, in view of increasing demand for our warehousing services. (Source: The Edge Financial Daily)

bos..nie share dari china ke?
mcm kes CSL punya citer ke?

 

[2bz4money]

maknanya education level ke? mcm publisher company jer...

hebat gak..masuk bursa..

berapa ramai student dari pra sekolah sampai ke STPM yg nak guna buku ulangkaji, kerja, spot soalan dll..demand byk tuh..lebih2 lagi kalu dpt tender buku teks sekolah atau umiversiti

 

[2bz4money]

bos..nie share dari china ke?
mcm kes CSL punya citer ke?

belum tengok lagi prospektus dia..

 

[2bz4money]

New MITI offering
HENG HUAT RESOURCES GROUP BERHAD
Heng Huat is principally an investment holding and its subsidiaries are principally involved in manufacturing and trading of coconut and oil palm biomass materials and value - added products, as well as manufacturing and marketing of mattresses and related products.

Jumlah Saham Khas : 22,300,000 unit
Penyenaraian Saham : Disenaraikan di Pasaran ACE

dah buat cek bank n submit akuan terima saham Miti n payment kpd Kenanga Investment vis Pos Laju..lotihnya panas di bulan posa..moga bebaloi2

 

[2bz4money]

Sasbadi Akan Kumpul RM25.23 Juta Daripada IPO

berapa ramai student dari pra sekolah sampai ke STPM yg nak guna buku ulangkaji, kerja, spot soalan dll..demand byk tuh..lebih2 lagi kalu dpt tender buku teks sekolah atau umiversiti

Sasbadi Akan Kumpul RM25.23 Juta Daripada IPO

Diterbitkan: Isnin, 7 Julai 2014 3:29 PM
(Ubah saiz teks)

KUALA LUMPUR: Sasbadi Holdings Bhd yang akan disenarai di pasaran utama Bursa Malaysia pada 23 Julai ini akan mengumpul RM25.23 juta untuk pengembangannya melalui tawaran awam awal (IPO).

Dalam satu kenyataan pada Isnin, syarikat penerbit pendidikan itu berkata, IPO berkenaan melibatkan terbitan awam 21.2 juta saham biasa baharu bernilai 50 sen seunit.

IPO itu juga, katanya, termasuk tawaran untuk jualan sehingga 35.95 juta saham sedia ada.

Sasbadi berkata, pendapatan IPO itu akan digunakan untuk mendirikan pusat pendidikan gunaan, membiayai sebahagian daripada cadangan pembelian bisnes penerbitan serta pejabat merangkap gudang.

Sementara itu, Pengarah Urusannya, Law King Hui, berkata syarikat itu merancang menggunakan hasil daripada IPO itu untuk membeli bisnes penerbitan bagi mengembangkan kehadirannya dalam pasaran untuk bahan pendidikan sekolah jenis kebangsaan China.

"Kami juga merancang memenuhi permintaan golongan pembaca Bahasa Malaysia dan China," katanya di pelancaran prospektus IPO terbabit di sini.

Selepas disenarai, Sasbadi akan mempunyai permodalan pasaran RM151.13 juta, katanya.

Di majlis taklimat media selepas pelancaran prospektus itu, Law berkata, Sasbadi sedang mencari lokasi untuk pejabat merangkap gudangnya.

"Ketika ini pejabat merangkap gudang kami di Kota Damansara sudah penuh," katanya.

Law berkata, syarikat itu merancang untuk mengguna pakai dasar membayar 50 peratus dividen bagi setiap tahun kewangan.

Pihaknya yakin dasar itu dapat dicapai berikutan perbelanjaan modal yang rendah yang diperlukan untuk proses percetakan.

"Bagaimanapun, dasar dividen itu tertakluk kepada keuntungan serta pertimbangan lain, termasuk keperluan modal kerja," katanya.

Law berkata, Sasbadi menyumberluarkan percetakan bahan-bahannya dan tidak mempunyai rancangan dalam masa terdekat untuk melakukannya sendiri.

"Kami telah beroperasi selama 29 tahun tanpa melakukan percetakan sendiri. Kami dapati ia menguntungkan kerana perniagaan kami tertakluk kepada faktor musim," katanya.

 

[2bz4money]

Tanah Makmur's 20m shares for public oversubscribed

PAHANG-based plantation player Tanah Makmur Bhd, which took over plantation outfit Kurnia Setia Bhd four years ago, is set to make its debut on the Main Market of Bursa Malaysia.

The company is seeking a listing as a plantation and property player as opposed to Kurnia Setia that was a pure plantation outfit.

Tanah Makmur managing director Tengku Datuk Zubir Tengku Datuk Ubaidillah says that after having taken Kurnia Setia private, they had expanded the business.

“When we took the company private in November 2010, we diversified our business from being mainly an upstream plantation player into downstream, and also ventured into property development,” he tells StarBizWeek in an interview.


At present, the company has 17,829.9ha of plantation land in Pahang, a palm oil mill with a processing capacity of 30 tonnes per hour of fresh fruit bunches (FFB) and a township development on a 607ha parcel near Kuantan.

Tengku Zubir says among the reasons why Kurnia Setia was taken private was because the company was a thinly traded counter and an illiquid stock.

At the time, Kurnia Setia was purely an oil palm planter with 14,428ha of land and was in the early stages of its property development project.

Kurnia Setia was taken private by the Pahang royal family via TAS Group, along with the Pahang Agriculture Development Board (LKPP) via special-purpose vehicle Kreatif Selaras Sdn Bhd for RM2.70 a share and RM1.20 per warrant. Kreatif Selaras was subsequently renamed as Tanah Makmur.

The company was initially listed by LKPP on the Bumiputra Stock Exchange in December 1984, before being listed on the Main Market of Bursa Malaysia in November 1991.

Tengku Zubir has been with the company since 2005 when the Pahang royal family acquired a block of shares in the company from LKPP, taking over the helm as managing director in November 2008.

Tanah Makmur is seeking to be listed next month and is launching its prospectus on Thursday. Tengku Zubir says the company has yet to determine the initial public offering (IPO) price.

According to the draft prospectus, the listing will see Tanah Makmur issuing 101.59 million IPO shares, representing 25.51% of its enlarged issued and paid-up share capital.

The IPO entails a public issue of 52.14 million shares, with proceeds going for estate development, expand its current palm oil mill capacity and repay bank borrowings.

Of the 52.14 million shares, 20 million have been earmarked for the Malaysian public, 6.41 million for eligible staff and 25.73 million for Malaysian institutional and selected investors.

The remaining 49.45 million shares, meanwhile, will be under the offer for sale portion, with the proceeds going to its selling shareholders.

The promoters will hold a combined 46% in the company post-listing.

Also, post-listing, Tengku Zubir says Tanah Makmur will continue to focus on the business of cultivating oil palm.

The company has identified two parcels of land totalling 2,650ha in Pahang.

“We are currently working with the LKPP to secure the land from the Pahang State Government for an estimated cost of RM10mil,” says Tengku Zubir.

“We will also be looking to increase our landbank for oil palm plantations, as well as upgrading our mill capacity and continuing to launch more property projects post-listing,” he elaborates.

He says the company is planning to expand the capacity of its current mill to 45 tonnes per hour from 30 tonnes currently.



Property play

Following in the footsteps of other plantation giants such as IOI Corp Bhd and Sime Darby Bhd, Tanah Makmur has also diversified into property development in Kuantan via property arm KotaSAS Sdn Bhd.

Its maiden project, the Kota Sri Ahmad Shah (KotaSAS) township, is located on its former oil palm plantation in Indera Mahkota on 607ha.

Tengku Zubir says KotaSAS had a 9% share of the Kuantan property market in 2012 and the group will not shy away from opportunities to acquire land in the Klang Valley for future property development.

“If there’s an opportunity to acquire parcels of land in the Klang Valley, yes definitely,” he says.

However, Tengku Zubir points out that for now, the group will be focusing on the development of KotaSAS as it is not in the business to acquire land to develop property.

Its property segment currently contributes about 30% to its earnings, compared with just 2.7% in 2010.

According to Tanah Makmur’s draft prospectus, its property development business was the second largest revenue generator for the financial year 2012 with RM72.6mil as the group focused on selling its lower-priced units that year.

On its future projects, Tengku Zubir says the company plans to launch commercial properties, which include government and private offices, retail malls and office suites in KotaSAS.



Timely listing?

With crude palm oil (CPO) prices currently on the downtrend, one can’t help but ask if the timing is right to list the company.

Analysts say that despite the current downtrend in CPO prices, they are nevertheless positive, as they expect prices to recover later this year, supported by improvements in the global economy and the return of the El Nino phenomenon.

“Overall, 2014 is a better year for plantation companies to list compared with last year, mainly due to higher CPO prices which will offset market sentiment on the plantation counters,” an analyst opines.

Another plantation player, Boustead Plantations Bhd, is slated for a listing on Thursday.

Analysts believe the listing of Tanah Makmur is, in fact, timely.

In terms of the company’s tree-age profile, its matured oil palm trees are aged between four and 18 years and cover almost 50% of its planted area of 15,652ha. Trees under three years comprise 31%, while those above 19 years make up 18.7% in November 2013.

Tanah Makmur’s FFB yields had improved from 20.21 tonne per ha in 2010 to 22.07 tonne/ha in 2012, which is above the national average and the Pahang state’s FFB yields of 18.89 tonne/ha and 18.94 tonne/ha, respectively.

Further, its oil extraction rate from FFB to CPO stood at 20.59% as at July 2013, slightly higher than the Malaysian Palm Oil Board and Pahang state’s benchmarks.

Pre-privatisation, the group posted a revenue of RM165.38mil for its financial year ended Dec 31, 2010 (FY10), which has since climbed significantly to RM243.49mil in FY13.

However, its net profit was lower at RM44.69mil in FY13 from RM54.52mil in FY10.

The company posted its highest net profit of RM85.38mil in FY11.

Tanah Makmur is sitting on a cash pile of RM44.09mil, with a gearing of up to 0.18 times.

http://www.thestar.com.my/Business/...urnia-Setia-makes-comeback-as-plantation-pro/

Published: Monday July 7, 2014 MYT 5:13:00 PM
Updated: Monday July 7, 2014 MYT 5:15:52 PM
Tanah Makmur's 20m shares for public oversubscribed

KUALA LUMPUR: Plantations and property-based Tanah Makmur Bhd's offer of 20 million shares to the public at RM1.25 each was oversubscribed 14.45 times.

The company, which is seeking to list on the Main Market of Bursa Malaysia, said on Monday there were 16,828 applications for 309.02 million shares from the Malaysian public.

Under the IPO, another 75.18 million shares were placed out and 6.41 million shares offered to eligible directors and employees.

The listing exercise involved the public issue of 52.14 million new shares and an offer for sale of 49.45 million existing shares. A total of RM127mil was raised, of which RM65.2mil would be for Tanah Makmur and RM61.8mil for the vendors.

Tanah Makmur managing director Tengku Datuk Zubir Tengku Ubaidillah, when commenting on the oversubscription, said this reflected the level of confidence the market has towards the group's fundamentals and the growth prospects of the oil palm plantation and Pahang's property development industries.

CIMB Investment Bank is the principal adviser, sole placement agent, managing underwriter and joint underwriter for the IPO. Kenanga Investment Bank Bhd is the joint underwriter for the IPO.

Out of listing proceeds of RM65.2mil, Tanah Makmur would use RM28.5mil (44%) to develop its plantations while RM5mil (8%) would be used for the palm oil mill, RM13.0mil (20%) for infrastructure of the KotaSAS Township, RM13.1mil (20%) for repayment of bank borrowings and RM5.6mil (8%) for listing expenses.

Its market capitalisation upon listing would be RM497.70 million. Tanah Makmur is expected to be listed on July 17.

It has about 17,969 ha of plantation land in Pahang, comprising 11,633 ha that the group owns and 6,336 ha that is leased.

It operates a palm oil mill with a capacity to process up to 30 tons of fresh fruit bunch per hour.

Under its property development business, Tanah Makmur KotaSAS, is involved in developing the remaining land of the KotaSAS Township project in Kuantan.

 

[katani17]

dah buat cek bank n submit akuan terima saham Miti n payment kpd Kenanga Investment vis Pos Laju..lotihnya panas di bulan posa..moga bebaloi2

kalo naik seposen berbaloi penat lelah bro

 

[2bz4money]

kalo naik seposen berbaloi penat lelah bro

Bursa pecah rekod hari ni..harap sentimen uptrend berterusan menarik ramai masuk trade..

 

[katani17]

Bursa pecah rekod hari ni..harap sentimen uptrend berterusan menarik ramai masuk trade..

hari nie cecah 1900 mata ke. sapa dpat icon hingga ke huat bley senyum tahun nie. rezeki bro murah thn nie.

p/s jgn lupa update tp sasbadi n heng huat

 

[2bz4money]

Dah setahun lebih aku masih pegang BFood ni..beli IPO @ RM0.51 @ 25/2/2011 dan masih peram lagi utk makan dividen (40% payout)..hari ni tengok dah melonjak naik kpd Rm1.16..masih kekal status Shariah. Gearing ratio pun hampir 0. Analyst letak status Buy @1.25..

SUMBER

Pukat yg ditadah akhirnya mengena @RM1.70 @ 7/7/14, saham BJFOOD hasil eIPO tahun 2011 akhirnya kulepaskan dgn ROI 333.33%. Alhamdulillah, simpan peluru utk IPO yg akan datang..paid