Search Results for: ipo

Oxley Holdings only made S$0.73mn net profit in Q2-2011 and S$2.56mn for H1-2011……disappointing on the surface or is it just a timing issue ??!!

Over the weekend, Oxley Holdings one of my recent stock ideas reported their Q2-2011 results.  The numbers were quite disappointing on the surface with revenue of S$5.9mn and net profit of S$0.73mn…..quite disappointing for someone that could potentially deliver S$1bn in profits if all goes well over the next three to four years.  I tried to contact management over weekend but only got some feedback last evening hence this update today. The Q2-2011 results are important because we have the first set of post-IPO financials. In particular the balance sheet is a better reflection of what the company is. ...

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Investing Made Simple by Uncle8888 (4)

Read? Investing Made Simple by Uncle8888 (3) How did Uncle8888 come into the stock market? During Uncle8888 time, the easiest way to invest in stocks was through IPOs. There were no shortages of them. Sometime it could be more than one IPO in a month. This was how Uncle8888 got started in the stock market. To tikam for IPOs, he would check with his colleagues. If there were more colleagues interested in them, he would try for them too. If Uncle8888 was lucky to kena these IPOs; he would try to sell them a few days later for quick profits. But, if Uncle8888 got stuck with his...

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My War Room (7) – The Last Mile

Read? My War Room (6) – The Lost Years “Sometime we may learn from other people’s experiences but at times we may have to re-look at our own experiences and learn from them as well.” – Createwealth8888. Read? Chasing the last $100K (last mile) and may fall hard! I have learnt my lessons on “The Lost Years” and “The Last Mile.” I am no longer bolder and greedier in the “new” last mile. I hope not to repeat the Lost Years again by shifting into protective mode and becoming less offensive in the last...

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Hong Kong’s Hutchison Plans to List Port Business in Singapore

Singapore IPOs seems to be heating up recently. Late last year, we’ve already seen two major IPOs listed, namely GLP and Mapletree. This time round, Hutchison Whampoa is said to be listing their port business in a potential $6 billion IPO here. At this size, it will be Singapore’s largest IPO to date. Hutchison Whampoa Ltd is a Hong Kong listed conglomerate by Li Ka-shing. It’s business encompasses port operation, property and hotels, retail, telecommunications and infrastructure. Hutchison Port Holdings Trust, the proposed spin-off entity, is to be listed in Singapore because trusts can’t be traded in the Hong...

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GLP plans to acquire stake in China’s Airport City Development!

On 04/Jan, Singapore shares end higher Tuesday as improved U.S. economic data boost the sentiment of the market. STI ended higher at 3250.29 (0.4 %) with HIGH VOL of 2.22 billion shares traded compared with 2.17 billion shares Monday. In the broader market, gainers outnumbered losers 304 to 268. Today there are already signs of profit taking and in fact the rally is already weakened. Headline in STI Before market close Global Logistic Properties Ltd. (MC0.SG) plans to purchase a majority stake in China’s Airport City Development which is the sole developer of air side cargo handling and bonded...

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Innotek – a company visit update……and answers to the investment in Saban Reit

 I met the management of Innotek, one of my Stock Picks earlier this week.  The purpose was to get an update on the business especially for 2011 and also to find out why they invested about S$15.75mn for 15mn IPO shares in the Sabana REIT IPO. On the business, management were guiding for a lower Q4-2010 and my estimate of S$2-3mn was within the ball park range.  This figure might now be lower to the S$1mn level if an impairment charge for the Sabana REIT investment needs to be made.   At the time of writing this Blog, the Sabana REIT...

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Sabana Shari’ah Compliant REIT part II

The Sabana Shari’ah compliant reit got its offer price of the IPO finalised at $1.05, which is in the middle of the indicative range of 1.00 to 1.10. This raises a few questions on why the institutions are not snapping up this high yield and largest shari’ah compliant reit in the world. I can’t answer that, of course. I’ve written at length about this new reit on another post sometime ago, so I’m not going to repeat again. This IPO is supposed to start last Fri until this coming Wed on 24th Nov 2010. Trading begins on Fri on...

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Sabana Shari’ah Compliant REIT

There’s more IPO coming up and more REIT type of IPO, right after the launch of the mega one by MIT. Unfortunately, though I bidded for that in the offer period, I didn’t get a single lot at all. Let’s hope this one – Sabana Shari’ah Compliant REIT works out well for me. This is actually an industrial reit managed in a manner compliant with Shari’ah investment principles and they can only invest in Shari’ah compliant real estate and real estate related assets. It holds 15 industrial properties across Singapore and is the only Shari’ah compliant reit listed in...

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Prudential iPhone App

Noticed on Digital Life today of the Prudential ad for their new iPhone app “What’s your number”. The application is available for free download to the Apple iPhone, iPad and iPod touch at the iTunes App Store. It enables users to calculate conveniently and quickly their retirement “number ” – the savings required to enjoy a retirement based on their selected lifestyle. This new application is an extension of Prudential’s successful “What’s Your Number?” retirement planning campaign that was first launched in...

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Buy and Hold is Overrated

At this juncture, as the news flow from pundits and economic forecasters grows more and more shrill and jarring, an ever-present “die-hard”, core group of investment believers continues to espouse the (seemingly) timeless wisdom of “Buy and Hold”. They proclaim loudly and in a resounding tone that one should simply buy and hold and ride through the intense and increasingly frequent bouts of volatility, with the expectation that at the end of the day (some 5-10 years later no doubt), one will come out ahead with gains eked from patience and perseverance. My take on all this is –...

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EU debt woes and China’s credit tightening weaknen markets globally…

..global investors look jittery……should you lighten or sit tight and let the storm pass ?? EU debt woes and China’s credit tightening and potential re-capitalisation of its banks caused Asian markets to decline yesterday….Singapore was one of the worst hit among Asian markets. Overnight, we saw sharp declines in US and EU markets again on concerns about the worsening EU debt crisis. Although Greece has already agreed on a debt restructuring plan with the EU and IMF, this has led to civil protests which the “bears” take to me that it will need more refinancing down the road. There...

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First deserve, then desire

It’s been a long while since I returned to CNA forum (I linked it up in my blog, near the header). I used to go there everyday in the past just to read some of the entertaining banter that goes there. I stopped around 1-2 yrs ago because there isn’t anybody there anymore. So, it’s a surprise to see that the activity over at cna forum is getting quite hot. I also realised that more people are jumping into the market. Just yesterday, I looked in fascination at someone trading using the IG platform with a netbook on a...

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Dubai or not Dubai – that is the question

Seems like the IPO market is hotting up. I’ve seen a lot of people asking whether to subscribe to the IPO and how many lots to bid. Personally, I hate to bid for IPO. Why? 1. IPO stands for It’s Probably Overpriced. Mw told me this before, I agree. 2. You do not know how many lots you are going to get, hence people will usually bid more lots than they really want. It’s a catch-22 situation – if you get it, it means that people do not want it. If you don’t get it, it means that the...

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Analysis of Macquarie International Infrastructure Fund (MIIF)

Macquarie International Infrastructure Fund Ltd (MIIF) is a mutual fund company that has been formed to own, operate and invest in a diversified group of infrastructure businesses around the world. It offers investors an opportunity to invest in the Macquarie Bank Group’s first listed infrastructure fund in the Asian region and to participate in the public ownership of infrastructure assets. MIIF’s investments include direct investments in airport infrastructure in Belgium and communications infrastructure and renewable energy assets in the United Kingdom. In addition, it will own interests in one unlisted and four listed infrastructure investment funds that have ownership...

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Investing With A Gambler’s Mentality

“Do you play the stock market?” “Which stock are you playing now?” Do these sentences sound familiar to you? Many ‘investors’ invest (speculate is a better word..) with a gambler’s mentality, attempting to ‘play’ the market through series of buy and sell. By associating investing with the word ‘play’, investment becomes a game, just like gambling. In any game or sport, different players come with different level of skills and thus, they can be ranked accordingly. Unlike a sports player whose level skills can be evidently displayed in a couple of hours, it could take years to tell apart...

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