Waiting for some research paper on it but tak ada.

Wanna ask, do you guys know how they select IPO applications? By "lucky draw" or first in first out?
Thanks!

Malaysia Marine and Heavy Engineering Holdings Bhd’s (MHB) total market capitalisation when listed based at RM3.61 per retail share will be RM5.78 billion, translating into a trailing price-earnings (PE) ratio of 20.7 times, and three times its net assets per share of RM1.20.

http://www.theedgemalaysia.com/in-the-fina...ise-rm204b.html

Trailing PE for SapCrest and Kencana is around 15. So, is it worth to enter this giant at 20.7 PE?
And read through some articles after a google search, it seem that MHB is one of MISC's major profit contributor.


This post has been edited by yok70: Oct 8 2010, 02:33 AM

I'm hoping they will cut lower their IPO price such as Sunreit and CMMT. Since recent IPO companies share price do not perform well, investors are worry on losing money if buy on IPO.

Come lah! Come some more Chinese companies! Now you know to pick a bad big investor who may sell ALL his shares after IPO is a BAD BAD BAD thing to do! Be responsible lah! Chinese companies and our SC!

This post has been edited by yok70: Jan 5 2011, 01:41 AM

my thinking is, since VT won't want all his IPOs to longkang, he'll push up his stocks price to gain back some reputation, otherwise his other IPOs cannot earn him much money, if all go longkang. Anyway, i am not sure. I just hope this IPO will be the time to shoot up for the rest of his group's counters.

I applied 5 times IPO, only 1 hit (cypark).