SOS: http://www.bharian.com.my/bharian/articles...tenaga/Article/

Ranhill decided to join the IPO bandwagon.

Perfect candidate for buy & dump on day 1.

Perfect for hit and run.....

correct. Both are in good demanding sector.

wait, I thought utilities/power is a good area..

Ranhill is out via MITI now.. Lets discuss about this one...

The price?
Is it worth to apply?
Listing date?

listing date around june/july if not mistaken.

1st listing after GE13 or Malakoff list first

The price quite ok RM1 for MITI...they are still considered GLC rite? At least they are listed after the GE uncertainties...If the market is good at that moment, no harm to enter this one

anyone here apply from MITI oredi??

Anyone who know the price pls update here, i heard RM 3.... Is it true?

heard BFM this morning @ 1 ringgau

If true the price @ 1 ringgit, awesome... I thought par value @ RM 1, if u hv any other info about the price pls update here k..

My remisier still searching info about the exact price.... Without knowing the price, i couldnt make decision how many units im going to apply...

i thought PAR value is rm 1, or u meant actual price rm 1 too.

Offer price still unknown (MITI will inform later)

yala...i heard BFM also the same...they didnt say RM1 is the par value...i oso wondered why so cheap...when can we know the exact value? MITI cant help?

If the price @ RM1 per unit, dont say it is cheap... Thats means 'bonus in the making'...

Price = MYR3.00
PAR = MYR1.00

MITI application is now OPEN

anyone knows the PE? That looks alright... buy in barrel???

oh....ranhill....gonna study first but looks like ....n.

So who's in for MITI? I think the price could be sub 3.00rm

im in here.

sudah hantar semalam.. harap dapat sikit..

normally how many percent we could get from MITI application?
i mean let say we apply 200 lot via MITI, i believe we wont get total 200 lot, so maybe 50% = 100lot? or it depends on certain criteria?
sorry this is my first time apply ipo thru MITI.

when is the date open to public?

unknown for now even the price still unknown but it is expected after GE la

any news ranhill share from miti? in the letter said 14 days after close application will publish result

Not yet I think...tht shld be an ideal scenario...looking at Astro, they can delay one especially GE fever nowadays...unstable environment...but u can try calling them...if Miti oso senyap I think the listing shld be not so soon...

finally some news...and next in line

KUALA LUMPUR, June 14 — Malaysian energy and water company Ranhill Energy and Resources Bhd is expected to launch its initial public offering (IPO) on June 28 that will target raising RM1 billion (US$319.23 million), two sources said.

Ranhill Energy joins a queue of IPO aspirants who are taking advantage of ebbing political risk in the Southeast Asian country after May general elections concluded with a win for the long-ruling National Front.

Long-haul carrier AirAsia X Bhd is looking to raise US$370 million (RM1.16 billion) in a listing, with pricing to take place on June 24. Malaysia’s state investor Khazanah Nasional Bhd plans to list its theme park business next year in an IPO that could raise up to US$150 million.



“They are finalising the cornerstone investors now,” said one of the sources, who declined to be named because the matter was private.

A second source said pricing and listing are expected in July. Both sources had direct knowledge of the matter.

Ranhill Energy officials were not immediately available to comment.

The company, which counts its president and chief executive, Hamdan Mohamad, and regional investment fund Cheval Infrastructure Fund LP among its shareholders, provides engineering services for the onshore and offshore oil and gas, refinery and petrochemical industries.

It also owns and operates two 190-megawatt combined-cycle gas-fired power plants in the west Malaysian state of Sabah, and was awarded an exclusive licence by the government to provide ‘source-to-tap’ water supply services in Johor, the second most populous state in the country.

China expansion planned

Ranhill Energy will use about 70 per cent of the IPO proceeds to redeem Islamic notes and bonds, 19.1 per cent to pay off company acquisitions, 7.1 per cent to expand its water business in China, and the rest for listing expenses, according to a draft prospectus filed on January 13.

Maybank Investment Bank is the principal adviser for the IPO. CIMB Investment Bank and Maybank Investment Bank are the joint global coordinators and bookrunners. They are also the underwriters for the deal.

Malaysia was the top IPO market for Asia ex-Japan in 2012, boosted by government privatisations and a strong economy, but the IPO pipeline slowed ahead of the polls because of concerns over market volatility.

“We are looking at quite a number of listings (this year), probably as many as last year or more, but not the size,” Maybank Investment Bank Bhd’s CEO Zafrul Aziz said. — Reuters

http://www.themalaysianinsider.com/busines...28-say-sources/

If not wrong from my old memories.. Ranhill last time take over at 90 cents?

2011 take over.. 2012 want to relist and reprice it to RM1.00

Wah wah wah

This post has been edited by Bonescythe: Jun 14 2013, 05:40 PM

Following AK style

Yea.. many tipu public punya duit. Astro also like this, Bumi Armada also like this

yet still the public fall for it whenever there's Re-listing IPO

Anyone encounter the info tht the indicative price is Rm1.85?

Where you heard the pricing would be rm1.85?

rm1.85 murah sangat. hahaha betul ke?

rm1.85 murah ke??

I heard it from BFM news yesterday...dont know true or not that's why I ask...

it exp lor...

Finally found this...

http://www.ifrasia.com/equities-ranhill-se...1091662.article

MITI result is out already. Applicant can call on Monday

http://www.miti.gov.my/cms/content.jsp?id=...11008e-e1df5b64

tq azlan update for miti.. mari kita tgk siapa yang kena..

zzz. no fund already.

nasib tak baik.. tak dapat allocation dari MITI kali ini.. kena masuk public retail la jawabnya.

have u call the MITI?

jalan saja. sebelah building sahaja.

good ipo ? same kind of re-listing IPO like astro...

try my luck.. but no for today.

bro, xbp tahu la share ni mcmaner. call utk book allocation share ke? untuk bumiputera biasa bp unit dpt?

tunggu la pengumuman kat MITI ... sellau rajin masuk forum.. kekawan kita akan inform jika ada allocation untuk MITI.

Hi, i'm newbie here. Miti offered 19lots only for me. need to settle payment before 3rd july. thinking of getting loan since can't fork out money from ahb.

reading this thread to get more opinions from sifus.

ooo, prospek RERB ni bagus tak bro?

saya bukan TA punye orang.. just try my luck only..

So what is MITI price?

RM1.85

Like that you should know MITI people ? Then can get everytime

this ipo im not really sure..

Why bro? mind to share?

hahaha.. orang lain okey but not for me.. anti kroni

here we go again...

haha nubis la bro

i maybe got pink form, but never know until this friday how much will get. so tat's why im asking.

Of all the people here, i believe you are the most relevant to speak about the prospects of the company...since u will be entitled pink form.

as for me.. pricing is RM 1.85 at a par value of RM1.. fairly decent to me to apply. Meanwhile waiting for more coverage on this co & the sector.

but my gut feel.. there should be money to be made.

Should be able to make money I think. 10-15% at least.

in my opinion as ranhill worker, i expect rerb can gain much profit. but, ranhill energy and ranhill water seems totally new in this system. so tat's why im lil bit lack of confidence.

There's some dark side history for Ranhill group.
Being wind up by some company and later delisted from Bursa.

actually not much details available on the net.. really have to study the prosp before jump in.

anybody wants to make life easier?

i've been heard rumors that syarikat air kelantan will be replace by ranhill water. any confirmation?

when is the ipo?

Mutha.. i thought the prospectus supposed to be launch today?

What happened.

Anybody with clues?

I heard that too.. If true.. kachingGG

Actually Ranhill Water Services is a contractor of Air Kelantan Sdn Bhd. Currently nothing more than that.

No updates as of 5pm so it's safe to assume that the IPO is postponed.

I think it may be launched after Sona IPO on 5th July. Quite congested right now

Yup. We are supposed to receive our pink form yesterday.

Had a chat this morning with mbb inv bank officer. She said ranhill energy is getting good response in terms of bookbuilding etc etc. positive with some upside around 2.20.. Hell yeah.. Don't quote me though if it doesnt happen

Late prospectus launching so the listing maybe after raya, thinking for those who want to use money for Raya...baik kan Ranhill

listing date: 26 July 2013 .....

This post has been edited by kamrulbj6107: Jul 2 2013, 09:56 AM

Not so sure..that was mentioned in MITI forms but I checked yesterday with Maybank IB, since the launching of prospectus was postponed, so there is a high probability the listing will also be put to another date...unless u check with them today and they say otherwise...

This post has been edited by hyzam1212: Jul 2 2013, 01:17 PM

Ranhill launch IPO prospectus on 04/07

（吉隆坡2日讯）联熹电力与资源有限公司（Ranhill Energy and Resources Berhad）将在本周四（4日）召开首次公开募股（IPO）招股书推介礼。
联熹电力原订于在6月28日举办推介礼，但最后因故取消。
根据该公司发出的媒体邀请函显示，新推介礼将落在本周四上午，主席丹斯里阿末富吉和总执行长丹斯里韩丹莫哈末均将出席。
消息指，联熹电力料透过IPO上市，将筹集10亿令吉。
联熹电力是联熹有限公司子公司，后者曾是上市公司，惟在2011年被大股东私有化。
据联熹电力1月13日发出的草拟招股书，上市筹集的资金将用作赎回回教债券（占70%）、还清公司收购费用（占19.1%）、扩充中国水务业务（占7.1%）资金以及剩余的充当上市开支。

i presume the above talks about the utilisation of IPO proceeds hor??.

(Kuala Lumpur 2 hearing) Ranhill Power and Resources Limited (Ranhill Energy and Resources Berhad) will on Thursday (the 4th) held an initial public offering (IPO) prospectus promotion ceremony.
Ranhill Power was scheduled to hold on June 28 promotion ceremony, but finally canceled for any reason.
According to the company issued media invitations shows that the new promotion ceremony will be on Thursday morning, the chairman Tan Sri Ahmad Fu Ji and chief executive officer Tan Sri Mohd Han Dan will attend.
Sources, Ranhill Power feed through an IPO, will raise one billion ringgit.
Ranhill Power Co., Ltd. is a subsidiary of Ranhill, which was a listed company, but in 2011 was the privatization of major shareholders.
According Ranhill Power January 13 issued a draft prospectus, listed funds raised will be used to redeem Islamic bonds (70%), pay off acquisition costs (19.1%), the expansion of Chinese water business (7.1% ) funds, as well as the rest of listing expenses.

From google translate

tks bro.

good job !!

This IPO is just used to redeem back it's bonds. not good...

why not good? most IPO funding are used to repay debt, like gas malaysia, airasia-x etc.

B_I has a point here. I suppose the prospectus hold the key to shed more info and prospect. What important is the level of bookorder... Potential contracts... Etc etc. cornerstone investor, moratorium blah blah blah...

Ranhill Energy IPO has been confirmed on Thursday. It's on CIMB eIPO website already.

Yup prospectus launched today

sona or ranhill?

The IPO application is not yet available in Maybank2u eShare. When is the cut-off date for application in CIMB?

INITIAL PUBLIC OFFERING OF UP TO 407,000,000 ORDINARY SHARES OF RM1.00 EACH IN RANHILL ENERGY AND RESOURCES BERHAD (“RANHILL”) (“IPO SHARES”) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 961,766,000 ORDINARY SHARES OF RM1.00 EACH IN RANHILL (“SHARES”) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING AN OFFER FOR SALE OF UP TO 77,000,000 EXISTING SHARES (“OFFER SHARES”) AND A PUBLIC ISSUE OF 330,000,000 NEW SHARES (“ISSUE SHARES”) INVOLVING:

(I) INSTITUTIONAL OFFERING OF UP TO 328,721,680 IPO SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (“INSTITUTIONAL PRICE”); AND

(II) RETAIL OFFERING OF 78,278,320 ISSUE SHARES TO THE ELIGIBLE DIRECTORS AND EMPLOYEES OF RANHILL AND ITS SUBSIDIARIES (“RANHILL GROUP”), PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE RANHILL GROUP AND THE MALAYSIAN PUBLIC, AT THE RETAIL PRICE OF RM1.85 PER SHARE (“RETAIL PRICE”), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED HEREIN), IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE,

SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND THE OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF (I) THE RETAIL PRICE; OR (II) THE INSTITUTIONAL PRICE.

Opening: 4 July
Closing: 11 July
Ballot: 15 July
Issue: 29 July
List: 31 July

Exactly duit raya stock...selamat berpuasa

Im not sure if the company is trying to scare us or they are just frankly honest...Check the detail of the risks in the prospectus

Snippets...roughly about 10% of the proceeds is allocated for the expansion of water business in China, others are for resettlement

This post has been edited by hyzam1212: Jul 4 2013, 10:20 AM

If you wanna talk about risk... you could have died yesterday.

normal lah bro...

but on a side note can someone confirm their order book for the oil & gas business only RM 161 mill. this is too little eh.

Haha i knowla normal but this one is near to death already but logically speaking they dont normally detail out the risks if they want to attract buyers...

that is the confirmed order book, no mention watsoever in terms of any expansion...the OnG order book is little maybe due they want to concentrate on the water industry...my guess

This was what I mentioned earlier hyzam. less than 10% used for expansion of business and the rest is like paying debts, however Malaysia GLC stocks like this always turn the tables around. Last time nearly kaput then now this.

anyone investing....Looks like they are on the way to list - good potential here and it looks promising.

Taken from the press:

In the Energy Sector, more specifically our Oil and Gas business, we are proud to be in partnership with Worley Parsons of Australia. Ranhill Worley Parsons has been appointed as one of only two global hubs for the Worley Parsons Group for mega decks, floating production/storage/offloading facilities as well as floating LNG facilities. We have also recently entered into a MOU with Samsung Engineering to co-develop and pursue mutually beneficial business dealings, namely for the tendering of engineering, procurement, construction and installation projects globally and also for the provision of engineering services by us to the engineering, procurement, construction and installation projects secured by Samsung.”

i am giving them benefit of the doubt - looking at their profits and plans, seems like can get some profit.