can someone tell me what is the minimum to purchase? RM2.20 means RM2200?

Would like to try to apply for 4000 shares for this IPO?

What you guys think?

one is a nominal account. for the nominal account, maybank will buy on your behalf first. i think it is to reduce the resistance for new buyers to enter the market or something like that.
there is a bumi quota for shares. they get first picks. what country do you think you were living in? we all signed this agreement to give up our rights when we were born in this country. didnt you sign it?

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.

can i register via maybank2u ??
i saw there need Cds acc. I have applied an account at osk investment bank.
now can i use the CDS acc to apply at maybank? i aso saw there need to fill up some particular. Also if i apply now do i need to bank in the fund immediately>??

I just apply for a few lot too. I am kinda new to share investment, i would like to ask whether this counter is good to keep for long term like maxis? or hit and run type?

Ya ya, I also pray duwant see de money in my account this 30th hahahhaha

If kena , I might keep half n sell half.

  Skypetro doing well so hope de same with gas msia haha

let pray up to RM4 during listing day.hope kena

---

Added on May 29, 2012, 3:55 pm
can check at MIH website just type yr IC no and see the IPO result.url link as below

http://www.mih.com.my/enquiry.php

---

Added on May 29, 2012, 3:58 pm
u can see the result here.

http://www.mih.com.my/enquiry.php

not yet appear in web... cann't chck..

i get nothing.

CIMBclicks refund ady.

31-May-2012 14:01:00  CREDIT ADVICE