Let's discuss.

Will it be priced 1/4 of Petronas Gas or similar to Bumi Armada?

1st news :

http://www.theedgemalaysia.com/business/19...f-26-stake.html

I'll say ... GO FOR IT!

goreng price ?

how much is the offer price? apply from when to when?

is this a good news?

Energy IPOs, always good. Wait, make that energy IPOs with good standing. But news didn't say individual investors (only selected) can grab?

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Added on August 17, 2011, 9:53 amHad a look at MMC website and GM, still no announcement?

This post has been edited by trencher10: Aug 17 2011, 09:57 AM

only 26% of shares are up for grab. similar to MSM case.
grab and dun let go. haha

me hope the price not so expensive lor

True, the possibility to get is very slim. I will go for it, ALL IN

the said ipo price is rm1.06

Rm1.06 ? Is't possible ? I dont't think so, dude.

maybe and % successfull r very2 low coz partition 2 malaysian public only 2%. of course will be goreng counter ma....

% shareholders after listing

Gas Malaysia shareholding structure (future)
MMC - Shapadu 40.70%
Tokyo Gas - Mitsui 18.50%
Petronas Gas 14.80%
Bumiputera institutional & MITI
investors 11.50%
Malaysian institutional 12.14%
Gas Msia directors and employees 0.36%
Malaysian public 2.00%
100.00%

Dude, I guess this IPO atlease 2.00... Rm1.06 seem like too low for them right ? They are such a cash rich company which having higher profit every single year.

IPO via an offer for sale.
The listing will be via an offer for sale of a 26% stake in GMSB
proportional to all the current shareholdings held, ie. MMC-Shapadu will sell 14.3% of
GMSB to pare their stake from 55% to 40.7%, Tokyo–Mitsui will sell 6.5% to 18.5% and
Petronas Gas will sell 5.2% to 14.8%. Some 23.6% of the stake will be offered to
institutions.

Valuation of GMSB to be decided.
While the institutional price has yet to be decided via a
book building exercise, we have a DCF value of RM1360.4m for GMSB, or an indicative
RM1.06 per GMSB share. There is no doubt taht MMC would strive to secure a better
pricing than this in its IPO. At this valuation, MMC will raise RM147.9m from its 10.87%
stake sale. If MMC does secure at least this valuation for GMSB, it will be neutral to our
Sum of Parts fair value for MMC as the cash raised will just offset the drop in effective
stake from 41.8% to 30.9%. While the outlook for volume growth remains decent as
demand growth should be strong even with the dimmer global economic outlook, GMSB
will see a halving of its profits going forward due to the change in its gas sales margins
effective 1 June 2011. We are currently forecasting a 6% growth in volume sales for 2011
and 5% for 2012.

Thanks, you sir, surely got a lot of news on GAS.
Keep us posting.

With low entry price of RM1.06, this one will Over-Sub by at least 50x??

not sure but it can be... heard par value is 50cent, and will be sell at 1++, 1/3 from MMCCORP FV

but 2% only for malaysian public

that one is the fallback, only ciput for PUBLIC. I'm in the midst of preparing cash via 2 options : MITI PP and Public IPO.

wah, so lucky, hope lucky in 2 method bro, now time to saving a lot, heard, listing on 4th qtr 2011, maybe on oct

thanks, MITI is hard to get as it will also go thru balloting process. Out of 4 application, I will get sometime 1x.
Failed to get MSM and other big name.

There is 3rd option - direct placement (250K worth of GMB) with CIMB as I believe this GMB will be undertake by CIMB as Main Banker and Maybank/RHB as secondary

maybank investment bro

got new IPO ma?

not yet but will get soon

Maybank? Ouch. That is not good, CIMB is better due to cronyism. Warning : No flaming, its my personal opinion, without any fact.

zamans98, any idea when the MITI application will be available?

Rumors had it that it will be in October before Raya Haji. Should be true as I still didn't see any SC's prospectus exposure.

Can I know, MITI just for BUMI ? If Non-Bumi want to get it, macam mana ?

Yes MITI is only for BUMI.

Non bumi, got 2 options only
1 - public IPO
2 - Private Placement with Investment Bankers (min 250K worth of shares) - call ur broker/remisier to know more

Find a bumi Gf n use her name.

Find bumi gf... my friend told me: "nanti kena potong bawah pakai atas, I tak mau lo"... HAHAHA

ha ha, aummmmm,...

aiyah...it's the tiger's piece of cake maaa

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Added on August 18, 2011, 2:12 pmaiyah...gf only lor...if end up married,then potong lor...same to lady's one...both potong


This post has been edited by pinky.faye3: Aug 18 2011, 02:12 PM

Indicative price : MYR2.50

http://biz.thestar.com.my/news/story.asp?f...01&sec=business

will be launch after Raya..

which broker house good in getting IPO ???

may be postpone due to market condition?

hi

if i were to apply, i need to go to maybank investment?
or can i submit application to MITI myself?

hope to get some guide.. thanks in advance

September will be out for grabs

Received e-mail from MITI this morning. The indicative price for Gas Malaysia Berhad is RM2.20 & MITI submission deadline is on 27/09.

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Added on September 7, 2011, 12:14 pmBTW, beside Gas Malaysia, MITI offering another IPO, Sirijaya Holdings Berhad at RM0.64, closing 04/10.

This post has been edited by mrbadrul: Sep 7 2011, 12:14 PM

Thanks Badrul,

I'm really tempted to apply for Gas Malaysia.

Where can I haz 1 million ringgit?!??!

How to apply?

what is MITI? o.0

i think it's Ministry of International Trade and Industry (MITI).

Apply through Miti give u the highest chance to get the shares but have to fulfill their condition, which is u need to have enough money in your bank account. Go to MITI website to get all the info and download the form

Dunno true anot la..
If
You have 330k, u can get margin from bank as they offer 67%

So = 1mil

so, can start apply from MITI now?

Yup. Closing on 27th Sept I believe

Kasi potong pendekkkkkkkkkkkk lor..lg takut ma.

Me want to iklan...currently looking for a bumi bf...can also meh?

Seriously, we need more info on this, OSK fair value RM 3.xx+

Anybody here applying?

well, i'm currently looking for non-bumi gf...

partially matched next one,can join meh for MITI allocation?

Anyone applied through MITI before? What's the chance of getting it?

depend on company. based on msm malaysia experience.. 1 out of 5 will get it.

stock is a political stock. it will fly up to fund some people's campaign warchest, I suspect.

aiyah...as long as we can make money,ignore lor...where's my prospect bumi-bf?

err, I thought last time in MSM thread u said u're a batang???

aiyah? sure meh? where got?

PM me your resume. Pics and net worth info are a must

(batangs are not welcome)

This post has been edited by Veda: Sep 13 2011, 07:25 PM

MITI website already post the ipo for gas malaysia, i call my remiser and said that offer price is RM2.20..

hehe.. bole la buat loan borong for this hot bananass!!! hehehe

im going in for 1 mil. hope to struck something.

buy call for ARMADA.. go..go..go..

seriusly, that wat i remembered.. duh. sorri miss.
PM details, we can work something out for the sake of GAS Malaysia.

as long as it doesn't involve "physical" work okay lah....kekeke

I thought you need to get the successful letter from Miti first then apply for loan using that.

You got 1 milli in your account? Nice.

MMC Corp Bhd group managing director, Datuk Hasni Harun said Gas Malaysia could have a market value of about RM5 billion.

Very attractive.

This post has been edited by ipoking: Sep 14 2011, 09:17 PM

Yes, the MITI appliaction is due on 27th, I need to submit on 23rd.

Nice one we got here, then GO for it lah. All the best guys.

we can make loan to put to buy ipo?

Why not? Go to ur nearest Maybank for inquiry

Yes you can. But many people do this sell their shares on the very first day the company was listed, in the hope the share price will soar on the listing day. It's risky, you'll lose if the price never go up as expected and if you wait to for the price to appreciate you'll incur more interest charges. Better buy with your own money.

i'll stick to my principles, never borrow money to put into invesmtnet ie shares/stock

Yes you can if you are a gambler and no you shouldn't if you are an investor.

When is the listing?

can someone pls enlighten me on how to join private placement?

Anybody got any samples for the cover letter to MITI please?

So who has applied for this so far? Anyone else interested to go for pvt placement or MITI?

and any idea when will it open/close for public?

Also want to apply but skeptical with the market is currently in downtrend. Any comment?

MITI allocation stands a better chance of allocation. Public allocation only 2%. Don't apply more than 2m shares or it'll get thrown out. MITI application closes on 27th Sept, public application usually opens 2 weeks after MITI closes.

Pros:
1. Defensive stock as utilities are generally stable.
2. Cash rich company as seen in management's guideline to declare 100% of PAT as dividend for 1st year, and 70% for subsequent years.
3. One of the better IPOs for this year - those who missed MSM and Armada will come in strong for this.

Cons:
1. Jittery market.
2. RM2.20 is way overpriced, 26x PE due to falling margins.
3. All offer shares, which means the current shareholders wants to cash out, and prolly will take as much profit as they can get.
4. Prepare for trading buy, as many would let go on first trading day.

Conclusion: I'd still go for it.
PM me if interested, I can arrange for application and financing.

I'm applying for 1 million units...hope to get as much as possible...semua boleh kowtim!

if overprice, why still wan to in?

even if overprice, ppl still go crazy about it since its backed up or linked with the big "G"

remember ARMADA? ppl were complaining coz of 25x PE...
on the day of listing, i make plenty of money.
skeptics will always be skeptical.
if they dont want, then more for me la...

Bro, you otai!

bro zaman,me was thinking to apply thru private placement...currently gathering my fund

188.5k units applied here under MITI.

Hoping for the best!

This post has been edited by alwiser: Sep 22 2011, 05:16 PM

me wish that my parents are bumis

That's not a very nice thing to say.

Only my dad is Bumi.

It doesn't matter really, you'll still need money to apply for the shares, and if you have money you still have good chances in the public IPO application.

When can start apply for private placement?

MITI ended but you can still go through the Private Placement under investment banks.

really like to see how it will perform in this bearish market condition.

if its launched last 2 months, i would have put it all in.

Have not look at the prospectus.....dont know the company
how to buy

due to the market condition, i too have not look at the prospectus (deliberately) hihi...

This post has been edited by asambuffett: Sep 26 2011, 09:45 AM

Who cares, if you're a first day dumper, it's just a matter of how little or plenty you'll make.

30c, jual, RM1, jual, 10c, jual.

Fck the prospectus.

Yesterday was hectic.. queuing up last minute at miti to submit app. how & when do they inform whether app is successful - via email, website, etc?

Yes if you want to look it that way... but it can also be -0.20... jual or not?

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Added on September 28, 2011, 12:34 pmWhy wait to the last minutes... you could had send it 2 weeks ago...
Last minutes .. you should had expected that and shouldn't complain..

This post has been edited by rosdi1: Sep 28 2011, 12:34 PM

In two week time they will send email to successful aplicant.

Am not complaining. Big difference between complaining and informing. Wished I had the time to send it 2 weeks ago. Anyway - app sent, wishing good luck to all.

maybe bull is welcoming Gas Msia..???

not yet la miss pinky. Will update you once i got the info. PM me ur contact.