According to FS, wood based business will not be good in 2010. Let us see whether Homeritz can excelled in such a turbulant market. Read the prospectus, very few foreign customers. Nothing much to shout about. Big possibility of going under IPO price on listing unless the general market changes direction.

If that's underwrite by IB then IB need to take up the share, then what IB do is non of the company's business...

can u see new ipo homeritz in maybank2u? i cannot see it...

anyone here bought any ERITZ brand furniture?

99% export, highly unlikely some more their own brand only constitute 4% of their sales, lagi susah...

86% from ODM, the rest is OEM. is that means ODM is not their brand?

Normally that's the case. ODM do from design to manufacture but carry other people's brand. OEM get design from other people, manufacture by you, and still carry other people's brand.

JCY IPO has come out

http://announcements.bursamalaysia.com/EDM...5E?OpenDocument

This one don't have allocation for bumiputera investors approved under MITI one? Think we still seeing that for the past few IPO leh...
Retails investors get 5% discount from institution investors price, maybe can cover a bit of risk... just the listing drag until end Feb, very long window...

PE from last FY result around 20.
Forward looking PE from first 2 months of current FY around 12.
NAV around RM0.40.
Div policy up to 50% of profit after tax.
Business seems stagnant for past 3 years but first 2 months of current FY seems like picking up, because of Christmas sales (Oct & Nov)? Also for NAV of RM0.40 does not include any intellectual properties.

Got any research papers to share?

This post has been edited by htt: Feb 1 2010, 11:51 AM

It does seem rather expensive at 20x PER.
Haven't found any research papers on JCY. The closest one I saw was Dali's brief writeup on Notion VTec.

BREAKING NEWS

OLDTOWN WHITE COFFEE & KOPITIAM prepares to go public. OldTown Bhd's prospectus is up for public expoure.

This post has been edited by accetera: Feb 2 2010, 12:15 AM

I am also trying to e-IPO via maybank2u but it is not shown in the list how come?

my fair value for JCY is 1.7, so RM2 is quite expensive, now see what is the price of OLDTOWN.

I still dont understand why everyone think JCY is expansive when they haven even come out the final price yet since its either RM2 or cheaper then institution by 5%. so if they only bid like 2 and below we ganna get it even cheaper then 1.90.

Think internet only can apply through CIMB, other banks need to go ATM.

Considering that its EPS is nothing to shout about. Around 10 cents. RM2 implies a PE ratio of 20.

try ATM..i saw today...is all there..now there are Homeritz and JCY....

i put my money in Homeritz....

Since JCY is a big company, should we apply the ipo or give it a miss? Will it fall below ipo price?

But i think institution is taking, should be a good ipo right?

Is up to you...you will never know what will happen until the first day of IPO....put it this way...u apply..doesn't mean you will get it right?...so just give it a try...

oldtown if not mistaken is priced at RM1.60
forget read from where jor