Search Results for: ipo

China Animal Health Stock privatisation: when?

In the recent weeks, there have been a few privatisation plays of SGX listed companies. Apart from the headline-grabbing F&N deal which is still not finalised, we also have the privatisation offer for SC Global and Petra Food’s cocoa unit. It seems to me that after the rush of IPO wave, the Myanmar-plays wave investors and traders here are seeing the wave of privatisation-plays now. This privatisation-play causes investors and traders to chase up potential stocks up for delisting or privatisation. Among those stocks which are potential privatisation candidates, one stock is still within my memory: China Animal Health...

Read More

Kori Holdings Limited

For Records only Kori Holdings Limited (“Kori” or “the Company”) is placing out 28.2m shares of which 25.6m are New Shares and the balance of 2.6m are vendor shares at $0.25 each. The Company is basically a sub-contractor for construction projects. Financial Highlights Kori generated a revenue of S$34.7m in FY 2011 and made a net profit of $6m. For the first half of FY2012, the revenue was $26.6m and the net profit was $5.1m. At the date of issuing the prospectus, it has an order book of approximately $82.8m.  The offer has ended on 7 Dec 2012 and...

Read More

Manufacturing – low cost back to high tech

There comes a point where even low cost workers become not as low cost any more. In such a situation, manufacturing have to move to lower cost countries. For companies like Singapore listed Micro Mech, the future seem to be advance automation. I see a lot of good in that if it happens, because to carry out on the flying prototyping and operation of these machinery, you need a certain level of technical competency, something which Singapore can provide. Singapore, a growing hot bed for Start ups may see in the next 10 years more IPOs like these. The...

Read More

A Festive Famine

It has been a while since i update this blog. Once again, we are having a famine on the IPO scene in Singapore and i don’t think there will be any more IPOs till end of the year. As such, i am going to give myself a long break :-P Religare Health Trust had a bumper week with 4 initiation report ever since its debut. The IPO write was here and the reports are here. Friends of Mr. IPO I don’t think i am going to hit the 1,000 mark by end of the year unless Santa Clause is giving...

Read More

QAF Limited & Courts Asia

QAF Limited It was a disappointing set of Q3 results released by QAF and the profit plunged by 51% for the same period last year. Chart wise, it has been pretty disappointing as the share price closed at $0.735 today. I don’t like what i am seeing from the fundamental aspect and sold my 8,000 shares this morning, achieving only a small profit. My original entry was here, way back in August. On hindsight, should i have gotten out around 84 cents and achieve a capital gain of around 19% instead of holding till now only to be let...

Read More

Kingsmen – Stable Growth Fuelled by Competent Management

The following is a guest post by Tan Si-Rong. Si-Rong is a retail investor with close to 10 years of experience trading in Singapore equities. He has worked in UOB-Kay Hian as an Equity Sales Dealer and at Singapore Tourism Board as an Assistant Manager, specializing in the Meetings, Incentives, Conferences and Exhibitions (MICE) sector. History Founded in 1976, Kingsmen is a communication design and production company that specializes in the following business segments; Research & Design, Retail & Corporate Interior, Exhibitions & Events, Thematic & Museums, and Alternative Marketing. Growth since IPO Since Kingsmen’s successful public listing in 2003, its...

Read More

Gaylin Holdings Limited – Balloting Results

Gaylin Holdings Limited announced its balloting results. The press release is here, the balloting announcement is here and my IPO write up on Gaylin is here. The public tranche is more than 100x oversubscribed. As such it is very difficult to be allocated shares. You can see that majority of the shares were allocated to investors who applied between 10 to 100 lots. Investors who applied for 100 lots will have a 26% chance of getting the shares of 5 lots. The “over-allotment” of 22m shares were exercised. In this regard, CIMB will help to stabilize the market should the price...

Read More

Dynasty REIT: At what price would I bite?

Recently, I received quite a few emails regarding Dynasty REIT. With full page ads taken out in the newspapers, few could have missed the promise of an approximate 7% distribution yield. It seems that the REIT is generating quite a bit of interest in the current low interest rate environment. I have not subscribed to any IPOs in many years, believing that they are on terms which are more in favour of the issuers. Of course, there are cases in which IPOs have done quite well because Mr. Market’s sentiment towards them was favourable. So, for people interested in IPOs, they should...

Read More

SRS Portfolio Weekly Review

Cache Logistics A long tail appeared and 1.27 will be a resistance to overcome. No major news released this week but watch out for the yield bubble burst. Far East Hospitality Trust Showing signs of weakness as mentioned in my previous weekly review. One interesting news emerged yesterday that APG Pension has become a 5% substantial shareholder. The announcement is here. APG is the Dutch fund manager managing its pension fund. It is indeed good to see some real long term investors buying into FEHT. I would rate this as positive news. M1 This is my new addition this...

Read More

Gaylin Holdings Limited

Gaylin Holdings Limited (“Gaylin” or the “Company”) is offering 110m New Shares at $0.35 each. 5m shares will be for the public and the balance via placement. CIMB can choose to issue an additional over-allotment of 22m shares and they will use the shares to perform price stabilisation post IPO. The market cap is S$143.5m. The IPO will close on 23 Oct 2012 at 12pm and commence trading on 25 Oct 2012. The prospectus is here and the preview is here. With an operating history since 1974, Gaylin is one of Singapore’s largest multi-disciplinary specialists providers of rigging and lifting solutions...

Read More

Geo Energy Resources Limited – Balloting Results

Geo Energy Resources Limited annouced that its small tranche of 3m public shares were 183x oversubscribed but including the placement tranche, it was only about 2.9x oversubscribed. The results announcement is here. The balloting results is as follows: Extremely very difficult to get. :) Again, those who applied for 100 lots has the best “chance”. Placement holders Let’s see who they have placed out the shares to. The only identifiable shareholder is “Credit Suisse”. Let’s see if they can perform some magic on the counter tomorrow. Good luck to those who have the...

Read More

Dynasty REIT

Dynasty REIT is offering 893,162,000 to 900,832,000 units at an offering price of between RMB 4.40 to RMB 4.70 or S$0.855 to S$0.915. The offer will close on 24 Oct 2012 at 12pm and start trading on 30 Oct 2012 (Mark this date for the “LKS” effect). Between 839.274m to 846.944m units will be offered to the Placement and 53.888 units will be offered to the public. The prospectus is here and my previous preview is here. Dynasty REIT invests into commercial real estate in China. The initial portfolio comprise Nanjing International Financial Center, Shanghai International Capital Plaza and...

Read More

Declout Limited

Declout Limited (“Declout” or the “Company”) is offering 31m placement shares at $0.25 each for a Catalist listing. The market cap based on the IPO price will be S$51m. The website is here and the prospectus is here. Declout is a IT solutions provider mainly targeting “Vertical Domain Clouds”, starting with the online gaming sector. While online gaming has huge potential, it has unfortunately, in my view, failed to take off in a significant way in the Southeast Asia region even though IAH was one of the pioneers here. I believe IAH is one of the clients of declout. ...

Read More

Synear Food Holdings – a former high flying S chip receives delisting offer from its major shareholder at $0.186 cents……..very disappointing but let’s see what the IFA says !!

Synear Food Holdings – a former high flying S chip receives delisting offer from its major shareholder at $0.186 cents……..very disappointing but let’s see what the IFA says !! Tuesday, 16 October, 2012  4:23 PMPosted by Kevin Scully  Synear Food (SF) was once a market darling with its IPO in 2006 at $0.54 and rising to a high of more than S$2.00 on the way there, SF also placed 175mn shares at $1.85.  The chart below shows its rise to fame and its subsequent collapse. Investors should read the delisting offer document and wait for SF’s IFA to give its...

Read More

Relgare Health Trust

Religare Health Trust (“Religare” or “RHT” or the “Company”) registered its prospectus today. The link is here and my IPO preview is here. RHT is offering 567,455,000 common units at $0.90 each. It has priced its offer at the lower end of the indicative range. RHT offers investors an exposure into Indian healthcare centre. Based on the offering price, the projected yield for FY2013 (annualised) is 8.9% and 9.1% for FY2014. 12m shares will be offered to the public and the rest will be via placement. The offer will end at 12pm on 18 Oct 2012 and starts trading on...

Read More

Like us on Facebook

Follow us on Twitter