Felda Global US$3.2B Malaysia IPO are Oversubscribed Multiple Times. Most of the bids came in at MYR4.65 per share, the top end of the MYR4.00-MYR4.65 indicative price range, one of the people told Dow Jones Newswires. Given the strong investor appetite, "the bankers will decide whether to advance the book closure next week," the person said.


Source:- http://www.palmoilhq.com/PalmOilNews/felda...imes-sources-2/

Same here

To buy or not to buy is your choice. No one are forcing to buy felda global IPO

The targeted price for Felda Global is around RM4.80 - RM6.00 (depending on market situation & demand)

Also got some analysis report.
http://www.ecmmoney.com/wp-content/uploads...H_120604_IC.pdf

This post has been edited by davinz18: Jun 4 2012, 04:55 PM

Hope could make big buck on the shares when listed

TA Securities recommend Felda Global Ventures Holdings Berhad with a ‘buy’ call and target price of RM5.50 per share based on the firm’s ambitious expansion plans.

Can believe the research or not?

The research about FGVH reports start at page 17

http://eas.taonline.com.my/eas/dailybrief/...sh_complete.pdf

---

Added on June 9, 2012, 2:07 pmMaybe, because lot of the palm oil tree are over 20years old.

I also heard that Felda is going into India for palm oil plantation (JV with India government). Someone told me the news. I think it could happen because in FGVH prospectus say they want to expand into others countries for oil palm plantation

This post has been edited by davinz18: Jun 9 2012, 03:38 PM

Correct correct correct... I support your statement

FGV IPO is officially closed for retail application Good luck for those who apply

The 30 times are for institutional investors. As for public, it's over subscribed by 3 times if I'm not mistaken

This 15 June Friday will know the OFFICIAL figure after balloting for retail

The final price for Felda Global IPO is set at RM4.55
Retail pays RM4.46 (98% of final price)

ARE YOU SURE?

http://www.reuters.com/article/2012/06/13/...E8HD6KE20120613
http://www.btimes.com.my/Current_News/BTIM...icle/index_html
http://www.bloomberg.com/news/2012-06-14/f...share-sale.html

This post has been edited by davinz18: Jun 14 2012, 06:20 PM

Retail application (Bumi & public) are 98% of institutional final price (this one I'm very sure)

MITI portion I'm not sure, but from my understanding, they all pay RM4.65 first, then after bookbulding the final price is set. If lower, then got refund. I think lar

Unsuccessful FGVH joins my Failed IPO list

how come like that one?

The Q1 statement only came out after the shares are allocated to shareholders & money return. The same trend like Gas Malaysia IPO if I'm not mistaken

This post has been edited by davinz18: Jun 25 2012, 10:37 PM

KUALA LUMPUR, July 26 — The man who correctly called a collapse in palm oil prices during the 1998 Asian financial crisis is now predicting that prices are due for another slide due to falling demand, Bloomberg reported today.

The newswire said that Dorab Mistry, who in 1998 compared palm oil prices to the famous cruise ship disaster, earning him the moniker “Mr Titanic”, is predicting that palm oil futures may decline 8.5 per cent to RM2,700 a tonne by the end of the year, the lowest since October 2010.

Mistry is the director of Godrej International, a Mumbai-based commodities trader.

Palm oil prices are already hovering at around the RM2,950 per tonne level compared with more than RM3,200 in January.

The predictions made by Mistry could have an impact on palm oil giant FELDA Global Ventures Berhad (FGVH).

The shares of FGVH, the world’s second-largest IPO this year, continue to remain above its IPO price probably due to interest from institutional index funds, brokers have said.

According to the Bloomberg report, Mistry also predicted that Malaysia’s palm oil harvest will come in below expectations.

“Production has actually underperformed, even worse than I expected,” he was quoted by Bloomberg as saying.

Mistry said he expected Malaysia will harvest less than 18.6 million tonnes, which is below the government’s 19 million tonne forecast as production enters a less productive cycle following last year’s bumper crop.

It was also reported today that Malaysia’s palm oil exports fell 14 per cent so far this month compared with the same period in June.

In March, it was reported that higher stockpiles of Malaysian palm oil could indicate that the country was losing its competitiveness to Indonesia which had taken aggressive steps to slash export taxes.

Bloomberg

Another few months FGV price will dropped below rm5

The current price look good but there are lot upcoming ipo which very hard to ignore. There are also the CPO price and tree age which is the main factor when investing in plantation sectors.

closed 4.85 today. Go Go Go LOWER

FGV investing in southern Philippines, Conflict-wracked Mindanao has the most suitable land in the Philippines for oil palms

http://af.reuters.com/article/worldNews/id...E89714R20121008