Err..I got typo when I applied the IPO, my 1st application only 1000shares then I used another account to apply for 9000shares..will I get strike..?

Definitely no, one application per person.

Good to apply....

So far, still haven't seen any research papers on its IPO valuation. After applied, later they all said OVERVALUED, then die loh. (such as FB).

FB and GAS diff lah bro.

FB is definitely overvalued, looks at its P/E at 75, i dont see any prospect with its business model. It does not have hard real tangible non current assets. Most of its NCA are made up of its branding (intangible assets). Its prospective main sources of income is from advertising.

As WB principles, technology stock prospect are hardly to determine. It requires significant amount of R&D and the future prospect is not clear. As u can see google market cap is almost same as General Motor although google's revenue are far lesser than GM.

All of these internet based stock is the contributing factor of 2000 US market slumps. People just buy those stock they are know without considering its tacit business prospect. FA is the language of business, Figures wont lie but liar can figures.

Will apply today or tomorrow............ confirm

if i luckily got the share, and first date later this share is up, and how i can sell? which broker i should ask for?

Finally someone talk about fundamental

IMHO, I prepared to be corrected for that .
For Gas Malaysia, I still trying to look for value but can't find much of it. Yes, they have their pipeline & distribution, but the margin is getting thinner and thinner, I am a bit worry about that, the earning translated into approx. RM0.18/ share, even the dividend policy is 100%, that translated into 18c divvy for RM2.20 stock, or 8.1% yield (if the book building hit max). The earning is base on FY11 book, which is 2 years ago, during that year, January ~ May margin is approx. double of June ~ Dec, so the FY12 earning might not be as much (I still can't find the FY12 figure in the prospectus), by my kampung guess, the PAT should be at the region of RM0.12/ share, if that's true, then the yield should be around 5.5%. Talk about PE, the PE should be in the region of 12 ~ 19 (based on RM2.20).

The prospect of the company actually not so bright, as the company will be much depending on the non-IPP gas users, as current gas production is basically stagnant at best, they have to depends on the new re-gassification plant in Malacca to spur for further growth of the business, but the plant might not produce significant supply of gas for them (TNB still need a lot of them, else Gov & Petronas have to pay ransom again ). The margin they are going to get from the transmission is going to stay at current level for sometime at least, which is half of what they used to get during FY10 and before.

The IPO is based on offer share, no new share was created, meaning to say the major shareholder actually cash out at the IPO price and the company does not need additional fund to grow their business (there are news about the expansion of their network but that will be based on internally generated fund, aka cash or money borrowed). I got funny feeling about this, because to me, the major shareholders are trying to cash out.

But I am not all negative about this, reason:
1. RM2.20 is not fixed, but if they can build the book beyond that, then there are good chance for quick money.
2. Retail investor will be paying the same as institution investors if the book building is less than that.
3. After all, that's stable business, and that shouldn't be losing money, so debut like maxis (or less than maxis) will possible.
4. Supply on one hand, but they might get some demands as their users are expanding, from time to time we can see industrial user like Hartalega etc are expanding their plant, also with growth of domestic user etc.

I am a bit confused about this counter, can someone please enlighten me on that Still think I will apply for this, at least to stag during the first day.

thanks for the info, will try my luck 1st, then decide

is a gambler not an investor.. risky man.. try luck.. haha..

Growth prospect not much. With thinning margin, dividend will be so-so. Is it going to have a 1st day pop is what I think most of us want to know (at least in this forum). My guess is this IPO 1st day more like Pchem, less like Armada. But I hope I am wrong.

http://www.ecmmoney.com/wp-content/uploads...23_IPO-Note.pdf

TP: RM2.28

Hi all,

Yesterday when digg2 inside maybank2U just realize that there have link about IPO : Gas Malaysia Berhad.

Then today found about this thread.

SO, as a newbie here... What is that actually?

If I buy, then what happen next? Wait? Then?

Im sorry about all the questions, but i curious to know whats is that all about.

any1 can enlighten me?

Maybe you can check this thread or other IPO thread, that should have been answered couples of time

Alliance investment Bank.

TP 2.50


Attached File(s)
 GASM_Alliance.pdf ( 313.23k ) Number of downloads: 144

First u must hv an CDs account, otherwise u can apply at bank or investment bank.

Do I still have chance to hit either one..?

Yesterday use ATM summit 3000 lot. Today wanted to add 4000 haha rejected. Didn't know can only apply once

yes but in the end still no