My advice to newbies is: if you do not recognise a company's name and have no idea what business it is in .... then you have no business applying for its IPO shares. Applying for IPO does not mean you'll make money. Some IPOs go below its offer price on listing day itself.

Refer to Section 20.6 of the prospectus. Internet application is only available via CIMB.

However, you may apply through ATMs of several banks, including Maybank.

Yeah, I'm also that the internet application can only be done through the bank managing the IPO.

This post has been edited by Veda: May 19 2011, 05:27 PM

In alexander3133's case, RM145 means 50 shares, yet he keyed in '5 lots'.

Just to confirm, Maybank ATM uses 'lots' instead of 'units'?

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Added on May 22, 2011, 9:28 pmI don't think so. Logically, your bank a/c name should be the same as CDS name.

This post has been edited by Veda: May 22 2011, 09:28 PM

It's best to give your bank's customer service line a call........

I'll be applying this evening, hope didn't get any unpleasant surprises.

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Added on May 25, 2011, 12:34 amYes, UOA Reit and UOA Dev are under the same group.

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Added on May 25, 2011, 12:41 amI'm selective about the IPOs that I apply and I like to browse through the prospectus ..... and I like UOA Dev. Maybe I'll list out the reasons tomorrow. Sleepy now.

This post has been edited by Veda: May 25 2011, 12:44 AM

Ok, I've applied for this IPO via ATM.

The reasons why I like UOA Development:
1. Strong brand name. UOA is known among investors as a builder of premium properties that delivers ahead of shedule. Some ppl may recommend certain other developer stock because ....... oh, oh! Low PE!.......but note that there are some developers with quality control issues, have a reputation for delivering late, have land in so so locations, or are smallish, and hence trading at a discount. Quality does not come cheap, people.

2. Major player. UOA Dev will be the 4th largest property stock in Bursa after listing.

3. Institutional support. EPF as cornerstone investor. Enuff said.

4. Landbank in prime locations.

5. FY11 earnings surge. Selling property is not like selling 3-in-1 coffee. Earnings zig zag cause of the timing of launches and completion. Earnings for FY11 are estimated to be at least double that of previous year.

As for property prices dropping/market crashing ..... LOL: People have been 'warning' about that for years.

There's a 'will property prices drop?' thread started 3 years ago. Prices have gone up a lot since then
http://forum.lowyat.net/topic/741185
http://forum.lowyat.net/topic/1763572

And in the unlikely event of a property market crash, it'll affect those low PE property counters as well. In fact, it'll affect the whole stock market

Sekian.

This post has been edited by Veda: May 25 2011, 08:29 PM

Let's hope the pleasantness is maintained after we find out whether we get the shares or not tomorrow. Looking at the stats, there's bound to be a lot of disappointment.

This post has been edited by Veda: May 29 2011, 10:28 PM

Tomorrow evening. I found out the results at about 8pm in my last IPO application.

Maybank2u.

Yay! Managed to get.

Thanks! Didn't realise u are bumi. Actually I was surprised and had a sinking feeling after seeing the number of applicants in my bracket ..... glad managed to strike this time.

I sold all on average price of RM2.60, for peanut profits.

Think the counter can keep for long term ........ however, I don't want to be tied down and miss other opportunities.

Oh, well ...... profit is profit. However, this disappointment is going to cause a drastic change to my investment strategy. Live and learn

I think a lot of private placement fellas are sweating now.

I just placed a call to cancel my pp application for an upcoming IPO.

I also hv to settle for mixed rice instead of caviar for lunch

MSM should be quite safe and I still expect it to do well on listing day.

But I already decided will not apply for PP for Eversendai (prospectus will be out very soon) or Bumi Armada.

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Added on June 8, 2011, 11:53 am[quote=zamans98,Jun 8 2011, 11:49 AM]How much is Caviar?

No idea. Only had it once (for free) at my former boss's private pool party .......

This post has been edited by Veda: Jun 8 2011, 11:56 AM

Ok, 12pm already. Time for my mixed rice lunch

It's the market evaluation that counts, and I suspect Mr Market held UOA's FY10 PE of > 20 aganist it.

I'm wary Mr Market might hold Eversendai's extensive Mideast exposure and B. A.'s PE of 20 against them. I will probably still apply, but at a number of units I'm comforatble with.

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Added on June 8, 2011, 12:02 pmWell, my caviar meal has been delayed

This post has been edited by Veda: Jun 8 2011, 12:02 PM

If u mean IPO price for retail investor, it's 2.52.

I concur that the price should stablise in a couple of weeks, then go up ..... like Pchem (though I doubt UOA will go up by 30%).

First panic is created ..... then the weak hands let go their shares cheaply ..... then the strong hands open their bags to collect the dropped loot .... then the strong hands push the price up

I hold firm to my view that this is a quality counter - but I let go on listing day cause I see better opportunities elsewhere.