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

Is this company in the same business as Petronas Dagangan?

Based on the data at Reuters.com, PER(x) for Petronas Dagangan is 22.5 and the industry 16.5. So, my understanding, this IPO is relatively cheap as it is sold at PER(x) 12.33 (based on the prospectus, using FYE2011 EPS=0.1785).

I think the fair value could be: (with different PERs)

1. Common PER (i.e., 15). 0.1785 x 15 = RM2.68 (Margin 21%)
2. Industry PER. 0.1785 x 16 = 2.86 (Margin 30%)
3. PER 19. 0.1785 x 19 = 3.39 (Margin 54%)

Aren't these too ambitious?

Just sharing my understanding.
I may be wrong. Don't take my opinion seriously.

Oh, ok. So, if I want to compare GMB with other companies, which one is suitable?

Just checking at mb2u. Mine still pending....Hope strike some....chances 2.1%.

Congrat... you're lucky. Which bank you applied thru?

Lain cerita.
If my application was successfull, when can I see the shares in my trding account? Is it before or on the listing day?

I also got some this IPO.
RM 3? Can ma? Don't too be greedy. But who knows. Anything can happen. Good luck!

My calculation shows me the fair value: RM2.25 - 3.03
Based on EPS forecast 2012 RM 0.1230 Bloomberg
and, PER Oil & Gas Industry (18.32) and PER Petronas Gas (24.62) Reuters

Analyst estimates:

Hong Leong: 2.55 (PER 20.7 - based on EPS forecast by Bloomberg RM0.1230)
Public: RM2.24 (PER 18.2)
OSK: RM2.52 (PER 20.5)
Kenanga: RM2.42 (PER 19.7)
Alliance: RM2.50 (PER 20.3)
TA: RM2.40. (PER 19.5)
RHB: RM2.45 (PER 20)

Average: 2.44 (10.9% upside, PER 19.8)

Note: Those PERs are my calculations, not from the analysts.

p/s: I am neither an analyst nor a professional investor. Don't take me seriously.

This post has been edited by Student11: Jun 10 2012, 10:00 AM

2.45?

Green.

It seems to me at the moment, weak support level at 2.40 and weak resistance at 2.44

This post has been edited by Student11: Jun 11 2012, 09:40 AM

The OBV indicator shows distribution phase has slightly already been over. May be the sellers are waiting to accumulate (buy-back) at lower cost.

Still 9.5% profit

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Added on June 11, 2012, 10:12 amit look like it want to drop again....

[/quote]

I think it tests its support at 2.40.

Buy on your own money. Sell on your own decision.
Sorry bro. Don't know.

Of course.

It should test near resistance level 2.44 first, I think.
Support level at the moment still 2.40, I guess.

It seems people start accumulating. Could be a short term rebounce?

This post has been edited by Student11: Jun 11 2012, 05:56 PM

uptrend at the moment

Wait for me

2.42. Not too bad for the listing day despite bad sentiment before.
It seems physiological support move to 2.42 from 2.40, and resistance level 2.46.

This post has been edited by Student11: Jun 11 2012, 06:00 PM

Aiyaa still at 2.4++
Better go for long term....
Now need to move on to FGVH. Try to apply some since today is last day.

Can anyone share the thread of FGVH IPO?

This post has been edited by Student11: Jun 12 2012, 11:47 AM