Search Results for: ipo

Market View 4 June 2013

The most questions I received yesterday are on the hottest stock at this time: Ramba Energy. A few readers bought last Friday when I posted “I noticed that Ramba still managedto surge high yesterday on a reasonably wellvolume. The momentum looks to be increasingas well.” Given the stock’s “incredible” surge over the last few days despite the usual official query by SGX, it is likely to announce a pretty good news. It is still on trading halt right now, and we shall see what the company will announce in due time. Next, I have written a small piece of...

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Singapore REITs Comparison Table for Dividend Investing as Passive Income – June 2013

Finally Singapore REIT started selling off and SREIT P/B drops from 1.22 to 1.12. Is it good time to get in now as what The Straits Times (June 1, 2013) suggested? Personally I have cleared all my REIT portfolio and wait for a good opportunity for Great Singapore Sales. However I don’t think this is the right time to get in yet base on 3 reasons: Fundamentally the current REIT is NOT cheap and still over value base on NAV. Technically most REIT has broken the uptrend support and starting a bearish trend. Distribution yield will drop if there is increase...

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Tee Land Limited

Tee Land Limited (“Tee Land” or the “Company”) is offering 115m shares at $0.54 each comprising 6m Public Offer Shares and 109m Placement Shares. The prospectus is here. The IPO will close on 4 June at 12pm and starts trading on 6 June. An over-allotment option of 23m shares have been granted to the stabilizing manager. You have to understand that this is a “corporate carveout” or spin-out. Nothing has changed fundamentally, similar to how Fragrance Group spinning out its hotel arm, Global Premium or Capitaland spinning out CapmallAsia.  I guess the advantage to shareholders of Tee International is...

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Dangers of REITS – Ascendas Hospitality Trust Down 5%!

(i) private placement of 161,947,000 New Stapled Securities at an issue price of between S$0.885 and S$0.915 (ii) a pro-rata and non-renounceable preferential offering of 64,405,625 New Stapled Securities on the basis of 2 New Stapled Securities for every 25 existing stapled securities in A-HTRUST at an issue price of between S$0.880 and S$0.905 Details found here Listed about one year ago at an ipo price of 88 cents, its now back to square one!If you were a shareholder how would you feel about putting up more $$ when the trust itself haven’t even paid you much dividends yet?...

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ASIA PAY TV TRUST: why no perform well?

ASIA PAY TV TRUST debuted on the SGX yesterday, closing 5% south. I believe investors who have subscribed to many lots and have gotten many lots of ASIA PAY TV TRUST stocks would definitely not be very happy. For the IPO stocks which have debuted on SGX this year, almost all of the stocks performed very well on their first day of trading on SGX hence it is really a surprise to many that ASIA PAY TV TRUST did not only perform below expectation, it slided 5% down on just the first day of trading. This begs the question...

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REITS down 2-5% Again!!! Fears of Interest Rates Hikes!

Bear Attack: Another bad day for yield chasing investors, as reits fell 2-5% due to the fear of interest rates going up. The latest IPO Asian pay TV trust closed underwater at 92 cent, its IPO price was 97 cents. View: Singaporean investors were getting about 1% by putting their money in fixed deposits, at such low rates its really hard to keep up with inflation. Investors got greedy and took the risk to be paid like 5% yield by holding reits and telcos instead, there’s a significant level of risk purchasing reits as they are highly geared. The...

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Capital Preservation Mode

Today i am in a capital preservation mode. I just counted my lucky stars for getting out of Asian Pay Television Trust safely. Despite my own initial “chopped chilli” rating, i was swayed by the somewhat “improved sentiments” and decide to “punt” the IPO and against all odds, actually managed to get 36 lots from ATM and amazingly i actually got out for a small profit of ~$1,060.  I am quite glad that my decision to punt the IPO didn’t affect the majority of the readers since i made up my mind only about 1hr before the application closes....

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CourtsAsia Down 5% On Results Below Expectation

  Presentation slide found here Investors were expecting a lot of growth from Court’s aggressive plans, however earnings per share for mar FY 13 is only 7.83 cents, a 0.05 cents drop from 7.88 cents last year. Its stock price had a great run up since IPO and initial investors were rewarded very well with over 40% gain. However at 13+ times earnings along with weak earnings growth, CourtsAsia looks a bit overvalued to me. I think this counter should be valued more towards 10-12 times earnings instead  and it may take a longer time for the market to...

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Asian Pay Television Trust (APTT): 201 lots.

Asian Pay Television Trust (APTT) was my first IPO application in donkey years. So, you can imagine I was somewhat excited. When I heard that people who applied for 100 to 499 lots would get 80 lots if successful, I was even more excited! I applied for 201 lots! Apparently, only 7 out of every 50 applicants were successful for the range of 100 to 499 lots. Chances were slim and chances were even slimmer for people who applied for 99 lots or less. Chances improved markedly for those who applied for 500 to 999 lots. 33 out of every...

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SPH: A REIT investment.

It was almost a year ago when I mentioned in a blog post that investing in SPH could be better than investing in a retail S-REIT. Then, in March this year, news that SPH could establish a REIT sent its share price rocketing. Yesterday, more details were released and we could see a SPH sponsored REIT by July 2013. From what is available in the news, SPH will hold 70% of the REIT. This is good news for the future REIT unit holders because a sponsor with a big share of units is more likely to have its interests aligned...

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SPH–Financial Engineering at its best with this REIT move

SPH provided the circular today about its upcoming move to IPO their REIT. For me it is a good lesson of how well they executed this financial engineering. Presentation slide can be viewed here. Paragon spin-off as a 99 year leasehold While Paragon is a free hold property, SPH have effectively did what Keppel Land did when they sold off Ocean Financial Centre as a 99 year lease hold. SPH gets to hold on to that land while again the REIT investors may think they have the full worth of a lucrative free hold. The latest valuation is at...

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Asian Pay Television Trust Update

This is one of the stocks which makes me very undecided. From a fundamental perspective, i don’t really like buying it based on my analysis but i am not sure if it due to my biased views on the industry and still am wary of the huge float. DMG has a research report with a subscribe recommendation. The link is here. Currently the market is yield starved and when many hungry investors see a headline figure floating in front of you between 7.5% – 8.5%, they just don’t care anymore.  In any case, i think my IPO ratings maybe too...

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Soilbuild Construction – Balloting Results

Soilbuild announced that its IPO was 7.5x subscribed. The balloting results as follows: As you can see, it is quite difficult to get a meaningful allocation unless you apply 500 lots (outlay of $125k) of which you then receive 5 lots. Anything less than 500 lots, you get only 1 or 2 lots and the chance of getting it is quite low anyway and can’t possibly cover the brokerage unless the IPO opens strongly...

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Market View 22 May 2013

Ok, a few things to say this morning.I have done a write-up on the IPO, Soilbuild Construction in my IPO Blog so if you are interested, head there and take a look. It is basically a IPO punt for me and I will see how its Myanmar venture turn-up to be. The closing date for this IPO application is 12pm noon today. Next, I will be taking a holiday break from 17-28 June so there will be no Market View at this period. Seriously,I don’t know my travel jinx is still intact, but just be cautious and vigilant to...

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Asian Pay Television Trust

Asian Pay Television Trust (“APTT” or the “Company”) finally launched its IPO at a price slightly higher than the mid-point range of $0.97. (The offering range was between $0.92 to $1.00). My preview post is here and the link to prospectus is here. The IPO will end on 27 May 12pm and will start trading on 29 May at 2pm. The share offering is as follows: –  Up to 866m units will be via placement  –  70m units for a public offering. The market cap based on the IPO price is approximately $1.4 billion. According to news report, the...

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