Yeah I totally agree with u...repayment fr proceeds is not good to hear

I think they are looking more on the water industry expansion in China for the IPO...although they are estimating of only 61mil for China expansion, if they are successful in their biddings, they could serve to up to 9 China's municipal councils/authorities water treatment plant...bearing in mind tht each council/authority may have many plants in their jurisdiction

This post has been edited by hyzam1212: Jul 4 2013, 01:58 PM

What's the Fair Value for RANHILL ?

RM2.20

That is what being told by someone..

This post has been edited by nasT: Jul 4 2013, 03:28 PM

RM1.85 to RM2.20 is VERY NICE...... 18% ROI
RM2.00 also good to sell for quick profit

Would we have time to apply for ABM FUJIYA first, and if fails move to RANHILL ?

Got any "personal" analysis on this IPO.

Apply, Skipped or Wait until closing date?

Technically you can but its very tight and can be considered no margin for error ie late refund especially maybank, better spread to avoid the risk

Funds Snap Up Ranhill Energy IPO Shares

Institutional investors snapped up the shares being offered by Malaysia’s Ranhill Energy and Resources Bhd, a rare success story in Asia’s dismal IPO market.

“It’s already oversubscribed across the range,” said Patrick Tan, head of regional equity capital markets at CIMB Investment Bank Bhd at a news conference after the launch of Ranhill’s IPO prospectus.

The presence of four cornerstone investors — Corston-Smith Asset Management Sdn Bhd, Eastspring Investment Bhd, Hwang Investment Management Bhd and the Pilgrims Fund Board which took 118.27 million shares, or 12.3 percent of the company's enlarged share capital. The four pledged to hold their shares for at least 90 days after the listing, reducing risk of an immediate plunge.

This post has been edited by davinz18: Jul 4 2013, 04:35 PM

don't worry be happy...

looks good on this IPO..

i'd go for Ranhill first - looks like more profitable haha

i feel dejavu like airasia x.... initially a lot of sceptics.

at the end price discounted by 20 sen.... sceptics became regretful advocates

Definitely Ranhill has better valuation than ABM Fujiya

I'd go with Ranhill first actually...haha think that they have quite a plan in place. besides, you can't go wrong in O&G sector

I'd go for Ranhill first though. they have plans in place and you can't really go wrong with O&G (i think) haha

sounds good. if they can tap into China, that is where the potential is. Hope they get it! really considering buying the stock

KUALA LUMPUR: Ranhill Energy and Resources Bhd is seeking to raise up to RM753mil in its upcoming initial public offering slated for July 31, mainly to retire debts and expand its water business in China.

Currently, the water business contributes about 44% to the group’s turnover, followed by oil and gas at around 37%.

“We will focus on growing our energy and resources sectors which are our core sectors,” president and chief executive Tan Sri Hamdan Mohamad said at the company’s prospectus launch.

Ranhill Energy is offering up to 407 million shares priced at an indicative price of between RM1.70 and RM1.85.

A total of 328.7 million shares will be offered to institutional investors. Cornerstone investors Lembaga Tabung Haji, Eastspring Investments Bhd, Hwang Investment Management Bhd and Corston Smith Asset Management Bhd have agreed to buy from Ranhill Energy an aggregate of 118.3 million shares.

“The book building just started this morning, response has been good, it’s been oversubscribed.”

The book building will close on July 15.

Ranhill Energy’s prospectus was supposed to be launched on June 28. However, the company took an additional week to include “additional disclosures” in its prospectus, said Rajiv Vijendran, Maybank Investment Bank Bhd managing director and regional head, equity capital markets.

Maybank Investment is the principal adviser for this exercise and joint global coordinator, bookrunner, managing underwriter and underwriter with CIMB Investment Bank Bhd.

Hamdan is making a comeback of sorts with the listing of Ranhill Energy.

His main listed vehicle previously was Ranhill Bhd, which was listed in 2001 and later taken private in 2011. Its utilities arm, Ranhill Utilities Bhd, was also formerly listed prior to being taken private in 2008.

The companies within Ranhill Energy are part of the previously listed Ranhill Bhd.

Hamdan said the board intended to recommend a dividend payout of 60% of its net profit for its financial year ending Dec 31, 2014, translating into a yield of about 5%. In its latest concluded financial year to Dec 31, 2012, it made a net profit of RM285.7mil.

In China, the company has a water and waste water treatment business, where it has signed memoranda of understanding to expand its capacity from its current 270 million litres per day by an additional 400 million litres per day.

In Malaysia, Ranhill Energy has been granted an exclusive licence by the Energy, Green Technology and Water Ministry to provide source-to-tap water supply services to end-customers in Johor.

sos thestar

Official today's news

Is a dividend policy in place?

Hamdan said the board intended to recommend a dividend payout of 60% of its net profit for its financial year ending Dec 31, 2014, translating into a yield of about 5%. In its latest concluded financial year to Dec 31, 2012, it made a net profit of RM285.7mil.

No firm dividend policy....

Meaning for FY13, no dividend will be declared, right ?