That's high risk stock actually, because there is no business behind, so the venture might fail anyway... have to exercise cautious...

Extension of reserve unit subscription deadline, maybe that's bad news for public portion... because if not fully taken up that should go to public
http://www.bursamalaysia.com/market/listed...cements/1056621

There are some differences. For main market, the company have to be bigger in size and have longer track record of profit; for ACE market, that is meant for smaller company with shorter track record of profit, to encourage startup to get capital from the market. Previously there was a second board, which has less stringent requirement, but merge to main board liao, leaving 2 boards system with main and ACE.

IGB RElT Ballot Ratio
http://announcements.bursamalaysia.com/EDM...S%20RELEASE.pdf

Astro IPO
http://www.bursamalaysia.com/market/listed...cements/1070517

About Astro IPO, just read a bit and have a lot of question for the pricing...

The company is basically a negative value company before listing exercise, although some of the debt might not be 'real' like the set top box etc, but their debt is definitely larger than asset, that is something to be sure, pre-IPO NAV is about -RM0.24, post-IPO about RM0.05, assumed the IPO price at RM3 a piece. And there is some RM1.7b intangible asset in the balance sheet, goodwill is approximately RM1.4b, make up approx. RM0.27 post IPO. There should be some bright spot that was not mention, e.g. their brand & media library, that potentially worth a lot of money.

The earning power is not a problem for the company, last year earning is approx. RM0.12/ share (post-IPO 5.2b share), 75% dividend policy should be around 9c/ share, that is about 3% dividend yield. However, their MSC status was expired in January 2012, and they have some tax allowance for their software to be utilize after 10-year tax holiday of MSC status, the allowance is approx. RM26+m, which should only last couple of months for company of it's size. So current year EBITA might not grow, even with bigger subscriber base. MEASAT-3C should be on the horizon, and the tax allowance should be huge as well.

IMHO, this IPO have to ride on strong sentiment to make profit, and I find that's hard to convince myself to buy in such valuation... Because I am kiasi... Good luck for all who subscribe to that, I most likely out, leaving more chance for you

Above just my personal opinion, I might be wrong...

Actually they are on different prospective, I buy and normally flip on the opening day, holding power low, they can buy and keep that for years, collecting dividend with no pressure; also for them to acquire such a big portion of share from open market is kind of difficult (without jeopardizing the price, imagine their allocation might be the who public portion add-together), so they might opt for a large chunk of share at the cornerstone deal, and adjust their portfolio gradually. At the end of the day, that all depending on your risk profile and expectation; for my case, this deal is not fitting into my, simple as that; but for others that might be their sweet deal... The business is growing, with no doubt, but I think for my case, the potential upside is not justifiable with the risk that I am going to take, I made my decision on that.

Good luck...

Yes, that's my opinion. Getting PNB in might be a win-win, might not be also. For PNB, they can hold as long as they want to because they probably have a portfolio view on their investment, meaning to say losing here is also ok for them, so long they can gain else where, and this stock might be a 'must have' for the portfolio anyway, because they need to diversify their portfolio anyway.

I chicken out for this game...

Your question is kind of weird, I try to answer as far as I can, hope that answer your question.
IPO varying from stingy companies that pay no dividend to generous companies that paying dividend every quarter, normally they will mention that in their prospectus, under the dividend policy. Those say dividend on management discretion and blah blah blah without mention percent are those who are unlikely to pay generous dividend; those who have a % attached in normally do that, if the terms and condition met. Dividend normally calculated in % to the PAR value, but some companies just mention dollars and cents, which is less confusing, and how frequent and when they pay dividend depending on the company policy, with some rules to govern the date and approval.

Kind of correct, actually we all have different objective, some want to flip on the stock, some want to hold for long term. Even for IPO also might have different view, like Zaman, he is quick firing on almost every IPO, because he kena a lot and sometime don't mind giving back a bit; for me will be more selective, because chances for me to kena is low, any miss I might have to vomit out all I earned...

Astro IPO Balloting Odd
http://announcements.bursamalaysia.com/EDM...S%20RELEASE.pdf

HIAP HUAT HOLDINGS BERHAD IPO
http://www.bursamalaysia.com/market/listed...cements/1108957

So fast decide liao? I still downloading the prospectus...

I am in, limited downside... dream for special vase...

PAR value 10c, sell at 20c, before IPO NAV 12c, after IPO NAV 13c, my estimation of EPS from last year figure 1.8c/ share, balance sheet seems healthy, worth a stag for me. But don't expect for high chance, 5m share for public, very little.

The perempuan Belanda also looking good today...

Hiap Huat IPO Balloting Odd
http://announcements.bursamalaysia.com/EDM...S%20RELEASE.pdf
136 times oversubscribed...

This post has been edited by htt: Nov 16 2012, 06:35 PM

ELK-DESA RESOURCES BERHAD IPO
http://www.bursamalaysia.com/market/listed...cements/1120929

Just browse through the prospectus, I think for this one, the price is fair, with some upside. I might have some more thorough read later on, nowadays very busy

I am surprise that kind of business (hire purchase for 2nd hand car) can earn that kind of money, but from the interest they collect 10~20% effective, plus the source of fund they obtained (majority is shareholder equity, borrowing maybe around 20% of the total loan they disbursed, forgot the exact figure and lazy to refer back); the business is viable. Biggest thread to the business is PR government (if they won ), as their hire purchase business will be badly hit if AP abolished, potong let to die etc. NAV is $1.23 after dilution (they already factor in the allowance I think), estimate EPS should be around 16c for FY2013, dividend policy 50% of EPS, aka 8c per share (approx. 7% yield) make the stock unlikely to fall much. But the management is kind of unambitious (maybe good, who knows), limited growth opportunity, typical China man ah pek business... Majority of the car they finance is age from 6 to 15 year-old, but the risk should be manageable as I know most of the ppl obtained loan to buy those car instead of paying cash because scare income tax goes after them.

I think I should be in for this, but have to sort of my stock first, I have some odd lot of Unico-Desa and will get some entitlement, just I wonder am I eligible to apply the public portion along with the dividend in specie & rights. Never encounter this kind of scenario before, anyone can enlighten me?

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Added on December 10, 2012, 10:58 pmELK-DESA RESOURCES BERHAD Balloting Odd
http://announcements.bursamalaysia.com/EDM...S%20RELEASE.pdf

This post has been edited by htt: Dec 10 2012, 10:58 PM