What? I remember I used to do that, around 20 years ago... can't imagine there are still ppl doing that

Issuer UOA Development Bhd
    Issue Price (RM)  2.90
    Par Value (RM)  0.05
    Board  Main Market
    Sector  Properties
    Public Issue : 
       Private Placement  287,000,000    
    Offer for Sale : 
       Malaysian Public  60,000,000    
       Private Placement  50,000,000    
       Directors,Employees,
       Business Associates  10,000,000    
    Adviser(s) CIMB Investment Bank Berhad

Listing Schedule
    Prospectus Date  18/05/2011
    Opening of Applications  18/05/2011
    Closing of Applications  25/05/2011
    Tentative Balloting Date  27/05/2011
    Tentative Allotment Date  06/06/2011
    Tentative Listing Date  08/06/2011
 
    No application will be accepted after the closing
    date

    Closing date is tentative and may subject to
    change. Any changes to the above schedule will
    be announced in a widely circulated Bahasa
    Malaysia and English daily newspaper within
    Malaysia.

i have partly agree to say those investment banker is stupid, they are bunch of greedy people
look at those wall street guys, they will take any action to make profit out of it

investment banker duty is just an agent to get company get listed and they get paid from it

UOA Development Bhd IPO Target Price Fair Value RM3.45
UOA Development Bhd IPO closing date (Retail Offering 25 May 2011) and (Institutional Offering 26 May 2011).
UOA IPO price RM 2.90.
The UOA Development Retail Price will be fixed at RM2.90 or 97.00% of the Institutional Price, whichever lower, subject to a refund of the difference between the Final Retail Price and RM2.90 per Share. 
The Institutional Price is by way of book-building. What is the target or expected institutional strike price or Retail Price? Very hard to say, example Maxis and JCY strike price was at the lower end but Pchem was at higher end.
Issuing house MIH-515 and listing date of UOA Development will be tentatively on 8 June 2011 in Bursa Main Market.
Whether can subscribe or apply UOA Development IPO, let us do a very simple PEGGY Method Evaluation.

PE: PE Ratio
G: Growth
G: Gearing
Y: Yield

Using UOA Development share price or Institutional IPO price of RM3.00.

UOA Development PE ratio is 26.2x (2010 Dec). Growing at 66.1% (2011), 41.3% (2012) and 29.6% (2013). PE ratio will then be 15.8x (2011), 11.2x (2012) and 8.6x (2013).

UOA Development net gearing is fairly high at 55.6%. Post IPO will drop to 4.8% (2011). The UOA Development dividend yield is 2.5% in 2011, and this is based on 40% dividend payout ratio. UOA Development dividend policy is dividend payout of 30% to 50%.

The above figure are by RHB and UOADEV target price fair value is RM3.45, that is at its RNAV per share.

Based on the above figures, UOADEV PE ratio is not cheap. Although it has high growth, at UOADEV share price of RM3.00, this has been factored in. Have to wait two more years then only the PE ratio drop to below 10x. UOADEV dividend yield is just average, although it will grow as the profit grow.

This has confirmed by RHB, where they give a UOADEV IPO stock target price which is only 15% from RM3.00.

I think there are few issues that you need to consider:

1) RM3.00 or RM2.97 is NOT fixed yet.
Although the above PEGGY Figures are not very cheap, but the Retail IPO price is not fixed yet. You may get a lower price and get refund of the difference if they fix the strike price lower. A lower price means UOADEV will have lower PE ratio and higher dividend yield and higher potential share price increase upon listing.

2) IPO year.
So far, Year 2011 is very good year for IPO. The recent few IPOs listing prices were crazily high. This may help UOADEV to trade higher.

3) Top 5 listed property developers stock
Post IPO, UOA Development market capitalization will be in the top 3 or top 5, behind UEM Land, SP Setia and about the same as Suncity-Sunway and IJMLand. Large UOADEV market capitalization will attract more institutional investor and can justify higher PE Ratio or higher price.

4) How RHB get the growth figures?
The growth figures are quite impressive, but how they get it? According to RHB, 2011 profit growth mainly due to the tail-end construction of The Horizon Phase 2, Kepong business Park and Villa Pines. 2012 to 2013 will be (I will post when I got time).

5) Property market Crash?
Many people said property market may crash soon. But I have been hearing that for so many months. I have no idea, up to individuals to judge.

Last day to apply for this IPO, so after all simple above mentioned criteria are you still up for it? Do you plan to hold it for long or go for a quickie? It is all down to your risk appetite.

From the link above...

IPO price revised to 2.60 ?

I don't want to comment about this or any other IPO coz i'm practically naive about stock market. 

Just want to give my 2-cent opinion on property.  Property burst? Friends, ive been hearding people talked about that since 15 years ago ("don't want to buy that house lah..so expensive, nanti property burst, price sure come down one"   and after 2 or 3 years, "aiiyyaaa, should have bought that house lah, price sudah almost double oo...")

Most of the reputable developers have developments within the Klang Valley and tell me which of their developments (especially the landed ones) in Klang Valley-proper experience drop in price (compared to the original developer's price) - just name one, enough.
We need land to develop properties and land is a finite resource and that resource is shrinking fast day by day.  Housing is one of the 3 basic human need/demand and add in the speculative demand factor (esp. in Klang Valley).

Hahaha

Just reading this thread makes me laugh out loud and realise

How moronic our retail investors actually are in Malaysia.  Hahaha, the words like goreng, and KFC even came out.  WHat a joke you guys are.  Genting is just up north if you are looking to gamble.

Wow.. an IPO is for sure going to shoot through the roof when launched ?  U guys should roll back 20 years to the 90s when investors are misinformed

Good, now the lot of you are done with selling your margined and can't afford to lose money.. You will see this stock appreciate to its true value within the next few weeks.

Yes, UOA did some window dressing for its IPO.  But it doesn't change the fact that this stock will be on a lot of institutional player's radar when thinking of property stocks to invest in Malaysia.

Lol you obviously don't know what you are talking about

Big funds dumping it after ONE DAY ? after a q-o-q profit gain ?

This is not some mum and pap shop business here

You obviously have no clue how the fund management business works or is run

Do sell, I would love to accumulate more at 2.40s

Luckily I sold uoa earlier. This stock is sampah