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 IPO: Westports Malaysia (5246), Port Operator

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TSdavinz18
post May 31 2013, 04:05 PM

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RM1.5bil listing for Westports in Oct?

Westports Malaysia, the operator of the country's busiest port, would list on Bursa Malaysia in October in a deal that may raise up to RM1.54bil, two sources close to the deal said.

Westports is expected to obtain regulatory approval for the listing in two months’ time, and pre-marketing for the IPO is expected to fall in September


TSdavinz18
post Jun 18 2013, 05:46 PM

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Westports to see 25% cut in fuel costs with LWK transmission system

25% reduction in fuel costs with a greener and more cost-efficient transmission system for its prime movers.

LWK Automotive Green Technologies Sdn Bhd (LWK), Terberg Tractors Sdn Bhd and Westports recently signed an MoU to develop and commercialise the transmission system.

The strategic alliance, supported by Agensi Inovasi Malaysia (AIM), will see LWK retrofitting their new high-torque, fuel-saving and eco-friendly gearboxes into Terberg Tractors' prime movers.

Compared to conventional gearboxes, initial tests showed the transmission system, dubbed efficient power drive system (ePDS), can save up to 35% in fuel consumption and 20% in maintenance costs, and produce lower carbon emissions.

As an end-user, Westports' head of section - prime movers, Ragupathy Arumugam said their 300 terminal tractors currently consume about 900,000 litres of diesel monthly, and a 25% cut in fuel costs would save operating costs considerably.
nightzstar
post Jun 19 2013, 02:26 PM

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when will this ipo come out?
masterjedi
post Jun 19 2013, 05:27 PM

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QUOTE(nightzstar @ Jun 19 2013, 02:26 PM)
when will this ipo come out?
*
angin kuat cakap tahun ini..
nightzstar
post Jun 19 2013, 05:31 PM

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QUOTE(masterjedi @ Jun 19 2013, 05:27 PM)
angin kuat cakap tahun ini..
*
woot, must keep an eye on this thread. brows.gif
TSdavinz18
post Jul 1 2013, 03:31 PM

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Westport's IPO at application stage

Westports Malaysia Sdn Bhd, the operator of the country's busiest port, remains intact for a public listing by the end of
this year, with the company currently in the application process.

Executive chairman Tan Sri G. Gnanalingam said Westports has appointed several bankers for its proposed initial public offering (IPO).

"It is still in the process. Bankers have been appointed and it is now in the application process," he told reporters on the sidelines of the Logistics Forum and Exhibition in Kuala Lumpur today.

Gnanalingam however declined to divulge further details of the proposed listing, citing on-going discussions.

It was previously reported that Westports might opt to list on Bursa Malaysia in October this year, in a deal that may raise up to RM1.54 billion.

Westports manages Malaysia’s main export gateway of Port Klang, which is the world's 12th busiest port.

It is one of the main ports along the Straits of Malacca, which links Asia with the Middle East and Europe and carries 40 per cent of global trade.



ah_fui
post Jul 1 2013, 05:58 PM

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target price ??
azlan88
post Jul 4 2013, 07:14 PM

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Westport IPO prospectus has been posted on SC's website.
Kindly refer here http://www.sc.com.my/main.asp?pageid=1283&...=&linkid=&type=
TSdavinz18
post Jul 4 2013, 09:53 PM

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QUOTE(ah_fui @ Jul 1 2013, 05:58 PM)
target price ??
*
Expected money raised (source from news) - RM 1.54billion

IPO of up to 813,190,000 ordinary shares of 10sen each (offer shares)

Based on information above, I can conclude the IPO price would be around RM1.89

These is my personal opinion. Invest at your own risk biggrin.gif
TSdavinz18
post Jul 5 2013, 03:21 PM

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~News from The Star~


Port operator, Westports Holdings Bhd is launching its floatation exercise, which will see its offering up to 813.19 million shares to institutions under its initial public offer (IPO).

The floatation exercise involves a total of 3.41 billion shares.

Westports said it would not be issuing new shares under the IPO and it would not receive any proceeds from the IPO.

"Our board is of the view that our group does not require additional funding for our business," it pointed out.

Under its pre-listing exercise, it will undertake a bonus issue of 183 million shares on the basis of 1.56 bonus shares for every one share held. This will be done by capitalising RM183mil from its retained earnings of RM149mil and from its share premium of RM34mil.

“Following that, the issued and paid-up share capital of Westports Holdings will increase from 117 million pre-subdivided shares to 300 million pre-subdivided shares,” it said. Westports had proposed to a special cash dividend payment of RM738mil which would be funded by its dividend income receiveable from its subsidiary.

Westports said for the years ended Dec 31, 2010, 2011 and 2012, it generated total operational value (excluding construction revenue) of RM975mil, RM1.115bil and RM1.22bil.

Its total profit after tax was RM284.9mil in 2010, RM316.5mil in 2011 and RM361mil in 2012.

azlan88
post Jul 5 2013, 03:30 PM

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Too few allocated for retail investors. Gonna save money for this. biggrin.gif
GloryKnight
post Jul 5 2013, 03:48 PM

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too many big names stocks coming out. gg, not enuf money, have to offload some.
buffett_Investor
post Jul 5 2013, 04:20 PM

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Intrinsic value for Westport based on current annual report and 3.41 billion shares:
RM2.00 - RM2.05

PER: 19x (at 2.05)

let us see the listing price. whether below or above from the intrinsic value that i calculated whistling.gif whistling.gif whistling.gif
zitis
post Jul 5 2013, 06:13 PM

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I like this IPO.... But got to see the price first before jump in. smile.gif
masterjedi
post Jul 5 2013, 06:16 PM

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QUOTE(zitis @ Jul 5 2013, 06:13 PM)
I like this IPO.... But got to see the price first before jump in. smile.gif
*
first time apply miti tak dapat.. apa pun retail boleh hit lagi
zitis
post Jul 5 2013, 06:20 PM

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QUOTE(masterjedi @ Jul 5 2013, 06:16 PM)
first time apply miti tak dapat.. apa pun retail boleh hit lagi
*
Westport belum keluar kat MITI lagi... Dah tahu x dapat?

This post has been edited by zitis: Jul 5 2013, 06:20 PM
masterjedi
post Jul 5 2013, 06:22 PM

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QUOTE(zitis @ Jul 5 2013, 06:20 PM)
Westport belum keluar kat MITI lagi... Dah tahu x dapat?
*
silap, ingat posting dalam tread ranhill tadi.
kb2005
post Jul 5 2013, 09:44 PM

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Any news on listing price ?
FirezZ
post Jul 5 2013, 11:26 PM

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can i see / apply this ipo once it released at Maybank eshare ?
Or what else channel i need to apply hmmm.. gotta see the price too:p
thanks
hyzam1212
post Jul 6 2013, 11:19 AM

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NONE of the proceeds to be be raised from the Westports Holdings Bhd's share sale will go into the company's coffers, the draft prospectus showed.

The draft on the proposed share sale was posted on the Securities Commission's website for public feedback.

Expectations in the marketplace is that the initial public offering (IPO) will raise about RM1.5 billion.

The IPO exercise involves a total of 3.41 billion shares, of which up to 813.19 million shares will be offered to institutions and 102.30 million shares to eligible employees, directors and the public.

Information obtained from the IPO showed that any proceeds raised from the flotation exercise will go directly to the shareholders of Westports.

"The board is of the view that the group does not require additional funding for business," the port operator said.

Westports shareholders are Tan Sri G. Gnanalingam, Khazanah Nasional Bhd and Hong Kong's Hutchinson Whampao Ltd.

Westports manages Port Klang, Malaysia's main export gateway, which is the world's 13th busiest port.

It is one of the main ports along the Straits of Malacca and carries 40 per cent of the world's trade.

The company is moving a step closer to an IPO, even as the authorties in charge of Port Klang are looking at the possibility of building a third container terminal port.

Early this week, Deputy Transport Minister Abdul Aziz Kaprawi said Port Klang may have a third port in the next five to six years to help it meet growing demands.

Expectations are that within the next six years, both Port Klang and Westports might be heading towards maximum capacity in tandem with the rapid rise in cargo going through the port.


Read more: 'IPO proceeds won't go into Westports coffers' http://www.btimes.com.my/Current_News/BTIM...l#ixzz2YEQC74kf

QUOTE(FirezZ @ Jul 5 2013, 11:26 PM)
can i see / apply this ipo once it released at Maybank eshare ?
Or what else channel i need to apply hmmm.. gotta see the price too:p
thanks
*
Yes u can, just wait on the confirmation on due course...it just the initial draft

The IPO proceeds must be use for somethingla rite...if it goes to their coffers, then something must not be right obviously

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