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 IGB REIT, worth to buy?

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TSxuexueli
post Aug 7 2012, 10:32 PM, updated 12y ago

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IGB REIT offers 670m units in RM838m IPO


KUALA LUMPUR, Aug 7 – Malaysia’s IGB Real Estate Investment Trust (REIT) will offer up to 670 million units in an initial public offering (IPO) that could fetch as much as RM838 million. The flotation, expected to debut on Sept. 19, is the fourth largest initial public offer (IPO) in the Southeast Asian country this year after the planned listing of Astro All Asia Network Plc.

The IPO will provide the country’s largest REIT by asset value with more financial muscle to buy real estate in the future. The IPO comprises 469 million units for sale to institutional and selected investors and another 201 million units to eligible directors, employees and the public, according to the draft prospectus of the offer filed yesterday. The retail portion is priced at an indicative price of RM1.25 per share while the institutional price will be determined on Sept 4, after the bookbuilding ends. The bookbuilding process will start on Aug. 28, according to the prospectus. Based on the retail price of RM1.25 per share, post-IPO IGB Reit would have a market capitalisation of RM4.25 billion, the largest in Malaysia ahead of Pavilion Real Estate Investment Trust. IGB REIT, a unit of Malaysian property firm IGB Corp Bhd , has hired CIMB Investment Bank and Hong Leong Investment Bank as the joint principal advisers and joint managing underwriters for the IPO. CIMB, Credit Suisse and Hong Leong are the joint global coordinators, while CIMB, Citigroup, Credit Suisse, DBS, Deutsche Bank, Goldman Sachs, Hong Leong, HSBC, JP Morgan and Maybank are the joint book runners. Joint underwriters are AmInvestment, CIMB, Hong Leong and Maybank. In addition to IGB REIT’s listing for the remaining part of the year, Malaysia’s second richest man Ananda Krishnan also plans to re-list his pay-TV firm Astro in a deal that could fetch as much as US$1.5 billion (RM4.65 billion). – Reuters

This post has been edited by xuexueli: Nov 1 2012, 03:43 PM
Smurfs
post Aug 7 2012, 10:45 PM

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http://forum.lowyat.net/topic/1993103/+2080#entry53654764

http://forum.lowyat.net/topic/2458296/+180#entry53660708
davidcch07
post Aug 7 2012, 10:56 PM

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for me are big no no ... not worth ...
gerrardling
post Aug 7 2012, 10:57 PM

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look at pavilion REIT, this one could be big one
bursalchemy
post Aug 7 2012, 11:20 PM

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QUOTE(davidcch07 @ Aug 7 2012, 10:56 PM)
for me are big no no ... not worth ...
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Can u justify ur opinion? why is it not worth? I am planning to help my mom apply for this IPO biggrin.gif
davidcch07
post Aug 7 2012, 11:32 PM

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QUOTE(bursalchemy @ Aug 8 2012, 12:20 AM)
Can u justify ur opinion? why is it not worth? I am planning to help my mom apply for this IPO biggrin.gif
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different ppl got different view.... so far the biggest IPO REIT... could be Pavreit and Sunreit... both also Retail Mall...


Those IPO is below 1rm.... why IGBREIT 1.25? For me will skip...
katesamsung
post Aug 7 2012, 11:44 PM

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QUOTE(davidcch07 @ Aug 7 2012, 11:32 PM)
different ppl got different view.... so far the biggest IPO REIT... could be Pavreit and Sunreit... both also Retail Mall...
Those IPO is below 1rm.... why IGBREIT 1.25? For me will skip...
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Bro,

when Pav Reits IPO listing early of the year, it's only 0.88 sen...look at in now....Today already RM1.36

For ur info ,

Mid Valley is one the hottest Retail Mall in Malaysia, high traffic, and still got room to growth...

I think IGB Reits given time will be ROOM ROOM ROOOMM>>>>all the way

Invest or not..up to u all

BTW for ur info,

U can get this IGB Reits below IPO price , the parent company KASSETS closed to RM8.74 equivalent to 1.20 IGB REITS......so grap it before to late.......
minshome
post Aug 8 2012, 10:24 AM

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Does this means that if i buy KASSETS share today, i will entitle to IGB REITS automatically?
panasonic88
post Aug 8 2012, 10:40 AM

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QUOTE(minshome @ Aug 8 2012, 10:24 AM)
Does this means that if i buy KASSETS share today, i will entitle to IGB REITS automatically?
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Yes.
redmocha86
post Aug 8 2012, 11:37 AM

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QUOTE(minshome @ Aug 8 2012, 10:24 AM)
Does this means that if i buy KASSETS share today, i will entitle to IGB REITS automatically?
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Anyone care to explain this? Or anywhere i can read about this?
GloryKnight
post Aug 8 2012, 11:45 AM

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QUOTE(panasonic88 @ Aug 8 2012, 10:40 AM)
Yes.
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may I ask, how many units of its REIT would be given for Kassets though?
iamsobloodysick
post Aug 8 2012, 11:57 AM

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QUOTE(panasonic88 @ Aug 8 2012, 10:40 AM)
Yes.
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I'm confused. Some say KASSETS and some say IGB. Where did you get this information?


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katesamsung
post Aug 8 2012, 02:07 PM

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QUOTE(iamsobloodysick @ Aug 8 2012, 11:57 AM)
I'm confused. Some say KASSETS and some say IGB. Where did you get this information?
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NOW KASSET PRICE RM 8.78 equivalent to IGB REITS = RM 1.21..still below IPO Price

GRAP IT B4 too late... biggrin.gif
minshome
post Aug 8 2012, 02:28 PM

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QUOTE(katesamsung @ Aug 8 2012, 03:07 PM)
NOW KASSET PRICE RM 8.78 equivalent to IGB REITS  = RM 1.21..still below IPO Price

GRAP IT B4 too late... biggrin.gif
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Will it be high percentage that the IPO price will be revised after closing IPO?
Nama saya Amad
post Aug 8 2012, 02:37 PM

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i dont understand. how does it work? buy kasset can get igb reits for 1.21. Anyone care to explain?
GloryKnight
post Aug 8 2012, 02:53 PM

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QUOTE(minshome @ Aug 8 2012, 02:28 PM)
Will it be high percentage that the IPO price will be revised after closing IPO?
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no1 can predict. but yes it can happen.
katesamsung
post Aug 8 2012, 04:16 PM

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QUOTE(GloryKnight @ Aug 8 2012, 02:53 PM)
no1 can predict. but yes it can happen.
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With

SUnreit = 1.49
PAvreit = 1.37

Both also retail Malls reits...price at all time high..u think it will revised or not....

Invest or not..up to u ..!

Still under IPO price now...i assume when the propestus is out....it wont under IPO price anymore

So grap while u can ! KASSETS
GloryKnight
post Aug 8 2012, 04:24 PM

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bro. now rm8, i dont have money to buy, 100 units can onot? then they give me 500 units? LOL

anyway, i really no bullets left now, i can kiss astro ipo bye bye also.
davinz18
post Aug 8 2012, 05:55 PM

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Got any analysis on this IPO not?? based on previous comments, i could see a mix opinion on investing this IPO. Very confuse now rclxub.gif
iamsobloodysick
post Aug 8 2012, 06:07 PM

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QUOTE(Nama saya Amad @ Aug 8 2012, 02:37 PM)
i dont understand. how does it work? buy kasset can get igb reits for 1.21. Anyone care to explain?
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http://forum.lowyat.net/index.php?showtopi...post&p=51408012

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