Search Results for: ipo

Mapletree Greater China Commercial Trust (Final pricing)

Mapletree Greater China Commercial Trust (“MGCCT”) finalized its IPO pricing at the top end of the indicative range of 93c. This is due to overwhelming demand for its units by the institutions. The IPO prospectus is here and the announcement by Mapletree is here. There is a strong support from 11 Cornerstone Investors and the book was well covered. The Public Offer offering of 265,357,000 Units (less 50,304,000 reserved) will open on 9am 28 Feb 2013 and end on 5 March 2013 12pm. Comparable The yield is viewed to be quite attractive versus its key comparable, Link Reit (SEHK:823),...

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Back in Focus – STXOSV

[Previous post: Largest IPO in 2 Years – Mapletree Greater China Commercial Trust]Back in Focus – STXOSV 1. STX OSV (Offshore support vehicles) STXOSV shares slid in Nov after reporting dismal quarterly results. Share prices were then hit again by news of a buyout by Fincantieri mopping up their shares at $1.22/pc and will be making a cash offer for the rest of the shares. However, last week STXOSV reported securing 3 new contracts for OSCVs illustrating a  positive outlook for the OSV market in Europe. Large white candlestick last week that erased a 2 week-loss. Trade volumes was almost twice...

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Mapletree Greater China Commercial Trust ("MGCCT")

MGCCT is established as a REIT with the investment objective of investing in income-producing real estatae in Greater China. The real estate will be used predominantly for retail and office purposes. The draft prospectus is here. MGCCT is offering 776.636m units for the public offer, subject to over-allotment option. The indicative price range will be between 88c to 93c. The placement tranche is 511.279m units and the balance 265.357m units for the public. The float is huge and will suck up quite a bit of liquidity in the market. There should be enough to ‘satisfy’ demand, so don’t expect...

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Nam Cheong – Poised to Breakout?

Have been liquidating many of my stocks and entered into short term trading positions. Nam Cheong is one of those stocks that I entered into. I have a target price of 30 cents for this stock. From a TA point of view,  the stock also looks like it can move higher. Nam Cheong last closed at 25 cents..  Its IPO price was 21 cents. Nam Cheong has seen its orders rising and prides itself as the leading builder in Malaysia of...

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Balloting Results – Overseas Education LImited

The results for Overseas Education Limited is out. It is very difficult to get.  Those who applied for 100 lots will have a probability of 24% and get only 5 lots. Placement Tranche There is quite a bit of institutional demand…. The IPO will probably start with a big pop tomorrow.  Bee tang for the lucky ones :) Both my applications not successful…...

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Overseas Education Limited

Overseas Education Limited (“OEL” or the “Company”) is offering 125m New Shares for a main board listing on SGX, of which 3.75m shares will be for the public offer and the balance 121.25m shares via placement. The shares will be  offered at $0.48 each. The prospectus is here. The offer will close on 5 Feb at 12pm and starts trading on 7 Feb 2013. The market cap based on the IPO price will be around S$187.4 million. OEL is a private foreign system school in Singapore, offering the K-12 IB curriculum for children aged 3 and 18 years. OEL is...

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Halcyon Agri

Halcyon Agri (the “Company”) is placing out 61m Placement Shares, comprising 44m New Shares and 17m Vendor shares at $0.36 each for a listing on the Catalist. The prospectus is here. It is disappointing that once again, there are no public tranche and the placement offer will end on 30 Jan and start trading on 1 Feb 2013. The market cap based on the IPO price is S$104.4 million. The Company operates in the midstream of Natural Rubber supply chain, specializing in processing and merchandising of Natural Rubber. According to the prospectus, it is one of the largest exporter...

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China Minzhong: Going higher to $1.22 – $1.46!

I received an email and a very interesting chart on China Minzhong from a reader, RayNg, this evening. See what he had to say: Historically, Mr. Market paid ~10X PER during the first 2 years of IPO. It went down south due to EU crisis and bearish outlook of China economy. I think the main concern is its high account receivable (double from fy11). However, the fy13, its account receivable and cashflow is back to norm and this might ease investors’ concern. CMZ’s current PE is ~ 4X (base on EPS of 0.244). If Mr. Market is willing to...

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JPM Investment Strategy and a good website to share.

Please find enclosed the 2013 strategy by JP Morgan. I stumbled on a good website where i was researching on a stock today.  The website is Next Insight and it even had a Q&A session with Logistic Holdings, which will be listed on Catalist tomorrow and my write up on the IPO is here. I will share with you the stock which i am researching on later and whether if it is a stock which i will add to my SRS account. Happy bedtime reading. Reading is to the mind what exercise is to the body.” – Richard...

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Logistics Holdings Limited

Logistics Holdings Limited (“the Company) launched its IPO for a Catalist listing via placement of 42.075m shares where 31.875m are New shares and the balance vendor shares at $0.23 each. The prospectus is here. The Company has a track record of 27 years and is principally engaged in building and construction works for government and government related bodies. The IPO will be listed on 18 Jan 2013 at 9am. Since this is a “Placement only” IPO, there is no public tranche.  Financials Based on the enlarged share cap of 170m shares and assuming the service agreement was in place, the...

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Happy Holidays

To all Singapore IPOs blog readers, It has been a pleasure having you. Hope all of you have a good rest during this festive seasons… and Happy Holidays! Take this time to reflect on your pursuit for financial freedom and goals for 2013! I will share mine in my other blogs when I “straighten” my thoughts....

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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...

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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...

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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...

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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...

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