Hong Leong Finance – Second Quarter and Half-Year Financial Statment 2007

By: Derek Lim A good set of results though a dividend of 6 cents is pretty disappointing considering that HL Finance has S44 tax credits - I suspect that HL finance might be issuing rights. My friend mention that HL finance has just open a branch in Rivervale Mall. This is in line with HL Finance plan to target the heartlands. With the economy expected to do well, I will expect to see even … [Read more...]

Unifiber – Half Year Financial Statement 2007

By: Derek Lim Unifiber profits increased by 302%. On paper, it looks fantastic but I have my doubts. View the Financial Statement here. 1) Revenue and Gross profits went down - mainly due to no pulp sales from PT Kiani Kertas. It seems to me that pulp sales is uncertain and with its construction business reaching saturation point, the only hope lies on its woodchip sales. 2) Unifiber's … [Read more...]

Ascendas India REIT

By: Derek Lim Hard-luck. Even for a fairly big IPO like this, I'm still unable to get any. Come to think of it, my only two successful IPOs (ChinaRetail Investment Trust and CitySpring) was applied via DBS and none of was successful via UOB. Despite the low yield, I believe that AscendasIndT is a good stock for the long term. My initial plan is to buy only 1 lot and being the typically "Kiasu" … [Read more...]

Ascendas India Trust IPO

By: Derek Lim Price: S$1.18 Placement: 392,000,000 Public: 20,000,000 Date of Offer: 25 July 2007, 12:00pm Closing: 30 July 2007, 7:00am Commence Trading: 1 August 2007, 2:00pm Underwriter: JPMorgan, Citi, DBS I believe many are turning to safer investments especially when the market tumble last week. Most REITs are CPF approved and I wonder why Ascendas is not - higher risk? … [Read more...]

IPO Balloting Results for RH Energy and China Angel Food

By: Derek Lim Another disappointing IPO balloting. Both stocks have more than doubled from it initial IPO price but there's no shame, because this is all about luck and money rather than skill. Date: 9 July 2007 Company: R H Energy Ltd. Price: S$0.32 Placement: 68,000,000 Public: 4,000,000 No. of shares applied: 50,000 Results: Unsuccessful Balloting Results: Date: 11 July … [Read more...]

IPO Application Strategy (9 July 2007 – 13 July 2007)

By: Derek Lim With 4 IPOs coming up next week, it will be interesting. My friend and I are fed up on being unsuccessful in every IPO application this year and we have decided to pool our resources together. Instead of 10 lots, we will be applying for 50 lots thereby increasing our chances from 4-6:99 to 6-8:99 respectively (based on the balloting ratio of Sunsine and XLX Fertiliser). The … [Read more...]

IPO: CMZ Holdings Ltd.

Price: S$0.23 Placement: 74,363,000 Public: 1,800,000 Date of Offer: 9 July 2007 Closing: 12 July 2007, 12:00pm Commence Trading: 16 July 2007, 9:00am Underwriter: SBI E2-Capital Asia Securities Pte. Ltd. Click here for the full prospectus. … [Read more...]

IPO: China Angel Food Ltd.

By: Derek Lim Price: S$0.35 Placement: 98,800,000 Public: 5,000,000 Date of Offer: 2 July 2007 Closing: 11 July 2007, 12:00pm Commence Trading: 13 July 2007, 9:00am Underwriter: Kim Eng Capital "03 July 07 The Business Times by Janice Heng China Angel Food IPO seeks to raise $25.7m CONFECTIONERY maker China Angel Food, which specialises in mooncakes, yesterday launched its … [Read more...]

IPO: R H Energy Ltd.

By: Derek Lim Price: S$0.32 Placement: 68,000,000 Public: 4,000,000 Date of Offer: 2 July 2007 Closing: 9 July 2007, 12:00pm Commence Trading: 11 July 2007, 9:00am Underwriter: CIMB-GK The Business Times Published June 4, 2007 IPO WATCH Oil services firm RH Energy files prospectus By CHEN HUIFEN IN ANOTHER sign of the ongoing boom in the energy industry, RH Energy, which … [Read more...]

IPO: Financial One Corp.

By: Derek Lim Price: S$1.38 (Maximum) Placement: 213,750,000 Public: 11,250,000 Date of Offer: 3 July 2007, 9:00am Closing: 9 July 2007, 12:00am Commence Trading: 11 July 2007, 9:00am Underwriter: JPMorgan Source: Yahoo News (Reuters) Financial One to raise $169 mln in Singapore IPO "(Adds detail, background) SINGAPORE, July 4 (Reuters) - Taiwan's Financial One Corp., which lends … [Read more...]

IPO Application History

By: Derek Lim IPO is now like a 4D or Toto draw except that your chances are higher. If you are lucky, you will earn some 'kopi' money and if you don't, you waste your $1 (or $2 if you are applying via DBS). In here, I will post the history of my IPO applications. Date: 4 July 2007 Company: China Sunsine Chemical Holdings Ltd Price: S$0.39 Placement: 115,000,000 Public: 5,000,000 No. of … [Read more...]

PSC Corporation Ltd

By: Derek Lim PSC Corp was the top volume today and my mom being their shareholder got really excited. It in turn got me fired up and decided to do a little study on it. The sudden surge in volume today is mainly due to a Substantial Shareholder's Interest - Goi Seng Hui (The Popiah King). He increase his stake by 12.13%. Many people including myself regard Goi as a savvy investor. The … [Read more...]

IPO: China Sunsine Chemical Holdings Ltd

By: Derek Lim Price: S$0.39 Placement: 115,000,000 Public: 5,000,000 Date of Offer: 25 June 2007 Closing: 3 July 2007 Commence Trading: 5 July 2007 Underwriter: CIMB-GK China Sunsine Chemical Holdings, based in Shandong Province, China, is one of the largest rubber accelerators manufacturers in the world and in China. It is principally engaged in the production of rubber chemicals, … [Read more...]

Companies with Section 44 Tax Credits

By: Derek Lim I'm compiling a list of companies that still has Section 44 Tax Credits. Please share if you know of any. 1) Hong Leong Finance 2) Teckwah 3) Comfort Delgro Updated: June 14 2007 4) GrandBanks 5) Penguin Updated: June 28 2007 6) ossia 7) nippercraft 8) UOB 9) Sing Inv The listed companies above is just a guide. Please do your own research before investing. … [Read more...]

Merrill Lynch Buy Call On Ascott Residence Trust (ART), CDL Hospitality Trusts and CapitaCommercial Trust (CCT)

By: Derek Lim Though I agree with their report that Singapore's hotel room and occupancy rates will increase substantially in the future due to the upcoming F1 and IR, but their report fail to take into consideration new hotels that will be coming up. Genting and the Marina IR are building new hotels and existing hotels are also being upgraded to increase their occupancy rate. While I'm … [Read more...]

IPO: CosmoSteel Holdings Limited

By: Derek Lim Pipe components maker to launch IPO at 26cents a share HOME-GROWN CosmoSteel Holdings, which makes piping components for the oil industry among others, has launched its initial public offering (IPO) of 45 million shares at 26 cents apiece ahead of a planned Singapore Exchange listing. The company said yesterday that the IPO comprises 36.2 million new shares and 8.8 million … [Read more...]

IPO: China XLX Fertiliser Ltd.

By: Derek Lim One of my investor friend did a write up on the upcoming IPO in his blog. We share the same bullish sentiments but while I rate my probability of allotment as fairly high, he rated it as low. I will re-access this probability when the balloting results are out. "Since its production capacity for urea and methanol have more than doubled since 1 January 2007, I believe my … [Read more...]

Hong Leong Finance

By: Derek Lim From UOBKH "Acquiring a portfolio of hire-purchase agreements HLF has reached an agreement to acquire a portfolio of 10,300 hire purchase agreements from the Singapore branch of a foreign bank at a consideration of S$405m, subject to closing adjustments at the completion date. The acquisition is expected to be completed on 12 Jul 07, and be funded by a combination of … [Read more...]

IPO: China XLX Fertiliser Ltd.

By: Derek Lim DJ China XLX Fertiliser Launches S$202M Singapore Public Offer SINGAPORE (Dow Jones)--Urea and methanol producer China XLX Fertiliser Ltd. Tuesday launched a S$202 million Singapore initial public offering of 262.9 million shares priced at S$0.77 each. The offer includes 200 million new shares and 62.9 million vendor shares held by third parties, according to a prospectus … [Read more...]

Parkway Holdings Establishes Parkway Life REIT

By: Derek Lim I can't wait to get my hands on this. A great investment to diversify my portfolio further. I will have to re-channel some of my funds for this - will most probably sell my under performing stocks.Parkway to sponsor the establishment of Asia’s largest healthcare REITProposed sale and leaseback of three landmark properties with Parkway Life REITSINGAPORE, 25 May 2007Parkway … [Read more...]