Search Results for: ipo

A Chinese "Love" Letter

Ok i received a “love” letter in Chinese from my reader but i thought it will be more beneficial to share this with the wider mandarin speaking readers :) Mr IPO, 你好,我是IPO Newbies。我现在是sg的pr,家乡来自Johor,Malaysia。 读完了你之前所发表过,关于sg IPO的文章,我有一些疑问,需要你的意见。 1. 我可否用在dbs开的银行户口,输入我之前在UOB Kay Hian开CDP account的,透过dbs internet banking申请IPO? 是的. 2. sg的IPO,被分配到的比率,会否有划分singaporean,singapore pr,或是外国投资者呢?(因为我知道的是,马来西亚的public tranche,会有分别出bumi和non-bumi,bumi一般比较容易抽中) 所有申请者都有平等的机会。没有所谓的新加坡,永久居民和外国人. 3. 关于你之前”IPOing 101 – how to read a balloting table”帖里的balloting result,http://www.singapore-ipos.blogspot.sg/2012/08/ipoing-101-how-to-read-balloting-table.html 我不是很明白Balloting Ratio的意思 :( 23 : 50,意思是不是说,在50个申请者里面,有23个申请者会被抽中,而一共有1,657个在20,000 to 49,000 share的申请者,被分配到5,000 share,对吗? 是的. No. Successful Applicant代表的是多少个成功申请到的人数,那么我如何可以知道,是一共有多少人,一起在同个组(eg. 20,000 to 49,000)别申请呢?我是不是可以透过Balloting Ratio,自己计算有多少个人,也是跟我一起申请,对吗? 是的. 1,657 divide by 16.6% = 9,981. 大约有9,981申请者申请20,000至49,000股但只有1,657成功抽签到 4. 你之前的”How to increase your probability of get IPO shares from the public tranche”帖,里面提到”No.1...

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Boutique / Mid market Investment Banks (IBs) & Corporate Finance firms in Singapore – Part 1

Unlike in the USA, the term ’boutique IB’ is rarely used in Singapore. In Singapore, these firms typically dealing in CF / M&A / ECM / IPOs / Restructuring / other advisory work would usually label themselves as boutique finance companies / advisory firms / CF firms / etc etc. But just for the benefit of our international friends, here is a list of ’boutique IBs’ in Singapore. Top 5 IPO bookrunners in Singapore (1) PrimePartners Corporate Finance – Considered the biggest IPO bookrunner outside of the BBs and local banks, PrimePartners has successfully listed more than 40 companies...

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Accordia Golf Trust: At what price is it a BUY?

Some readers asked me at what price would I be interested in Accordia Golf Trust since I have said that I was not willing to pay the IPO price of 97c a unit, believing that it did not represent good value for money although it promised a 7% distribution yield. Some asked me if they should start buying once the unit price goes under the NAV per unit of 92c because with its IPO in Singapore just 0.7x subscribed, it could see unit price sinking quite rapidly on the first day of trading. Of course, I almost never give...

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Market News In 2 Minutes @ 29th July 2014

As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too. Hence, I started this “Market News In 2 Minutes” series. Following are the “Market News In 2 Minutes” for today : 1. Keppel Land (K17) – Has made its maiden investment in the United States (US) with a prime residential development in New York City. Keppel Land’s total investment in the project is about US$70 million ($87 million). For more details, click here. (source...

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Terratech Group – Placement Results

I have updated my blog post on Terratech Group with pictures but the ratings remain unchanged.  The placement results didn't show any interesting names. I am not sure who these individuals are, maybe some enlightened readers can share with me.  Good luck to those who bought the marbles from the placement tranche. Happying...

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Terratech Group

Terratech Group (“Terratech” or the “Company”) is placing out 108.7m shares at $0.23 each. 43.5m will be new shares and the rest will be vendor shares. The market cap based on the IPO price will be S$141m. The IPO will close on 25 July at 12pm and starts trading on 30 July. There is no public tranche. Principle activities The Company is a resources company and produces marble blocks and marble slabs in Malaysia. They have 4 main sites in Kelantan with a term of 33 years. The products of the Company include marble blocks, marble slabs, aggregates and...

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Would you continue to support this stock?

This stock has a good sustantial shareholder in Temasek Holdings. However this stock has seen its stock price heading south since its IPO by as much as 70% now. This stock has also been talked about as a buy-over target.This stock is helmed by one of the best brains, as quoted, in America and will continued to be helmed by an eminent business leader. What is this stock? Would you buy this stock now? The stock which I am talking about is none other than Tiger Airways stock. The aggressive expansion of the company to be a multi-hub has...

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Accordia Golf Trust

This piece of report is filed while in between flights. Pardon the lack of graphics and pictures. I would have loved to include the golf course with Mt. Fuji in the background. Will back fill the pictures when I am back :) Accordia Golf Trust (“AGT” or the “Company”) is the first business trust with golf course assets in Japan.  The IPO will close on 24 July at 12pm (page 77 says 24 July 4 pm). I am not sure why the manager chose to give public investors a pathetic 2 days to make a decision. Probably this is...

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Accordia Golf Trust

Accordia Golf Trust (“AGT” or the “Company”) is the first business trust with golf course assets in Japan.  The IPO will close on 24 July at 12pm (page 77 says 24 July 4 pm). I am not sure why the manager chose to give public investors a pathetic 2 days to make a decision. Probably this is because the placement tranche is fully subscribed. The listing will happen on 1 August 2014 at 2pm.  There will be up to 782m placement units of which 164.592m units are to placement holders in Singapore, 41.163m units for public investors and 576.27m...

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Market News In 2 Minutes @ 22nd July 2014

As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too. Hence, I started this “Market News In 2 Minutes” series. Following are the “Market News In 2 Minutes” for today : 1. Land Transport Authority (LTA) said it will impose $1.6 million in fines on train operator SMRT (S53) for four train service disruptions that happened between October last year and May this year. It will also fine SBS Transit (S61), which runs the...

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Alliance Mineral Assets Limited

Alliance Mineral Assets Limited (“AMAL” or the “Company”) is placing out 67.669m shares at $0.23 each. 43.479m will be new shares with the balance being vendor shares. The offer will close on 23 July 12pm and list on 25 July 2014. The Company will have a market cap of $90.6m post IPO. The Company is a mining company headquartered in Perth, Western Australia and is primarily developing and exploiting the Tantalite Mineral Resources in Australia. After going through the prospectus and the so-called Expert report, i am none the wiser with regards to how to value this Company. Tantalum...

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First Sponsor Group – Balloting Results

First Sponsor Group announced its balloting results where the invitation is 1.75x subscribed. I must say this is a weak subscription. The public tranche balloting rato are as follows: The probability of getting some shares if you apply is more than 50%, with those applying 10 to 49 lots getting 4 lots each.  I don’t see any big names in the placement tranche other than the cornerstone that was announced earlier but not part of the invitation and this is such a poor announcement where they did not even disclose how many shares were allocated to the three “substantial...

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Spackman Entertainment Group – Balloting Results

Spackman Entertainment Group announced its balloting results. There was no public tranche. I didn’t do an in-depth analysis of the institutional investors but it seemed like the Company has lined up some good names to support its IPO. I have given the IPO a 2 Chilli rating for its debut, but longer term wise, it is anyone’s call, depending on many factors, including whether they can produce a few movie hits. Happy IPOing if you are one of the few lucky placement...

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Spackman Entertainment Group

Spackman Entertainment Group (“SEG” or the “Company”) is placing 69.44m placements shares at 26 cents each for a listing on Catalist. 50m New Shares and 19.44m vendor shares will be offered. There is no public tranche available. The IPO will close on 18 July 2014 at 12pm. Principal Activities The Company is mainly involved in the production of films as well as distribution of foreign films in Korea. This is quite an interesting company to analyze given that this is the first time there is a film production house to be listed here. Not sure if you have watched...

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First Sponsor Group Limited

First Sponsor Group Limited (“FSG” or the “Company”) is offering 3m shares for the public and 30.25m shares via placement at $1.50 each for its IPO. The offer will end on 17 July 2014 at 12pm and starts trading on 22 July at 9am. It was priced at the lowest end of its book building range according to the Company’s term sheet. The market cap will be around $884.7m based on the IPO price. Principal Activities The Company is a developer and owner of residential and commercial properties in PRC and is backed by 2 key controlling shareholders, Hong Leong...

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