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 IPO: Astro Malaysia Holdings Bhd (6399), Relisting of astro in bursa malaysia

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mbj78
post Jul 18 2012, 10:21 PM

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This will be one of my future ipo...
kb2005
post Jul 18 2012, 10:22 PM

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QUOTE(mbj78 @ Jul 18 2012, 10:21 PM)
This will be one of my future ipo...
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What do you mean ?
mbj78
post Jul 18 2012, 10:24 PM

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QUOTE(kb2005 @ Jul 18 2012, 10:22 PM)
What do you mean ?
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plan to buy the shares laaaa..
kb2005
post Jul 18 2012, 10:26 PM

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QUOTE(mbj78 @ Jul 18 2012, 10:24 PM)
plan to buy the shares laaaa..
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oh! Then should dump in more money! You get any IPO before?
nodoube
post Jul 18 2012, 10:26 PM

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this is good...hope i get some share for this couter
mbj78
post Jul 18 2012, 10:27 PM

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QUOTE(kb2005 @ Jul 18 2012, 10:26 PM)
oh! Then should dump in more money! You get any IPO before?
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I got fgvh from MITI. Still hold the share and plan to sell if reach my target price..
nodoube
post Jul 18 2012, 10:28 PM

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QUOTE(zitis @ Jul 18 2012, 04:33 PM)
I think it will be a shariah counter...  Really pray for it..
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same for me....i thing it will syariah couter
kb2005
post Jul 18 2012, 10:30 PM

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QUOTE(mbj78 @ Jul 18 2012, 10:27 PM)
I got fgvh from MITI. Still hold the share and plan to sell if reach my target price..
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Felda is good. Can keep longer. biggrin.gif
nodoube
post Jul 18 2012, 10:31 PM

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i will do full trotter for this IPO....huhu...
mbj78
post Jul 18 2012, 10:39 PM

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QUOTE(kb2005 @ Jul 18 2012, 10:30 PM)
Felda is good. Can keep longer. biggrin.gif
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TQ for the advice...
Student11
post Jul 21 2012, 03:51 PM

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Past-listed ASTRO

Listing Date: 29 Oct 2003
IPO Price: RM 3.65
Source: http://www.shareinvestor.com.my/tools.pl?a...ctsheet&id=5076

Delisting: 2010
Last Price (15 March 2010): RM 3.56
Offer Price : RM 4.30 (21% premium)
Source: http://biz.thestar.com.my/news/story.asp?f...04&sec=business

Was it Shariah Compliant?
Couldn't find under the "List of Shariah-Compliant Securities" endorsed by the "Majlis Penasihat Syariah" of SC.
That means, it was a non-shariah counter.
Reference:
31 May 2010. http://www.sc.com.my/eng/html/icm/sas/sc_s...iant_100531.pdf
30 Nov 2009. http://www.sc.com.my/eng/html/icm/sas/sc_s...ahcompliant.pdf
29 May 2009. http://www.sc.com.my/eng/html/icm/sas/sc_s...iant_090529.pdf

Based on this, I think the re-listing ASTRO most likely to be a non-shariah counter also.

So, for those who make investment based on shariah principle, please seek for further info and confirm its shariah status before jumping in.

Selamat berpuasa.

This post has been edited by Student11: Jul 21 2012, 10:50 PM
bursalchemy
post Jul 21 2012, 07:35 PM

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Do astro offer porn channel? how come it is non syariah compliance?
asambuffett
post Jul 22 2012, 01:37 PM

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QUOTE(bursalchemy @ Jul 21 2012, 07:35 PM)
Do astro offer porn channel? how come it is non syariah compliance?
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i think the way they finance themselves also will determine whether they are syariah or not wink.gif
bursalchemy
post Jul 22 2012, 02:31 PM

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QUOTE(asambuffett @ Jul 22 2012, 01:37 PM)
i think the way they finance themselves also will determine whether they are syariah or not  wink.gif
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Thts mean company must use internal fund or borrow from islamic banking with no interest charge? lol
john123x
post Jul 22 2012, 03:58 PM

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QUOTE(bursalchemy @ Jul 22 2012, 02:31 PM)
Thts mean company must use internal fund or borrow from islamic banking with no interest charge? lol
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the concept of syariah and haram unfortunately is abstract....

example: if the company get funds from IPO, and one investor of all investor actually invest using duit haram (con money, dirty money, etc....).

thats my point.....

and maybank got so many customer. you really believe all customer money is clean money? sure got few bad eggs deposit in dirty money.....

This post has been edited by john123x: Jul 22 2012, 03:59 PM
nspk
post Jul 22 2012, 06:37 PM

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I doubt about this IPO... hmm.gif
Student11
post Jul 22 2012, 10:58 PM

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General guidelines for shariah compliant counters, quoted from the document "List of Shariah-Compliant Securities" of "Majlis Penasihat Shariah" of SC.

CODE

The SAC has applied a standard criterion in focusing on the activities of the companies
listed on Bursa Malaysia. As such, subject to certain conditions, companies whose
activities are not contrary to the Shariah principles will be classified as Shariah-compliant
securities. On the other hand, companies will be classified as Shariah non-compliant
securities if they are involved in the following core activities:

(a) Financial services based on riba (interest);
(b) Gambling and gaming;
(c) Manufacture or sale of non-halal products or related products;
(d) Conventional insurance;
(e) Entertainment activities that are non-permissible according to Shariah;
(f) Manufacture or sale of tobacco-based products or related products;
(g) Stockbroking or share trading in Shariah non-compliant securities; and
(h) Other activities deemed non-permissible according to Shariah.


I think ASTRO falls under the category (e).

This post has been edited by Student11: Jul 22 2012, 10:59 PM
shakiraa
post Jul 23 2012, 10:27 PM

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any insider news on the listing date? thnaks
ckinsg
post Jul 24 2012, 09:45 PM

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If u hv d heart to apply tis ipo, go ahead la... Y so damn fussy, hv to consider syariah or not!!!! D most important can give good dividen n excelent capital appreciation!!! Look at guiness n carlsberg!! Superb...
Student11
post Jul 24 2012, 10:13 PM

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QUOTE(ckinsg @ Jul 24 2012, 09:45 PM)
If u hv d heart to apply tis ipo, go ahead la... Y so damn fussy, hv to consider syariah or not!!!! D most important can give good dividen n excelent capital appreciation!!! Look at guiness n carlsberg!! Superb...
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It's not a matter of fussy or not. It's about responsibility of a muslim. I highlighted this matter only to remind my muslim friends. You don't have to worry about this shariah matter, as it is not applicable to you.
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