Me too waiting for research papers.
Please share here if anyone got one.
Thank you very much!

you must open up your eyes if you wish to earn money in stock market.
did you go to any of the bersih gathering ? did you see what % of Malays there? do you know how many hundreds of thousands of Malays had been attending these gathering throughout the country?
be realistic my friend. don't simply trust what the public news channels feeding you.

on the other hand, i agree that Airasia X IPO price is at the high valuation side. And its business is not yet stable and at high growth stage ahead, which means high risk.
some worried about its high debts and low profit. i think that's common for such company (airline company, high growth stage, not yet mature for now). And i think it's a good choice to use high percentage of IPO funds to pay debt. Debt is a burden for a company. Besides, it required to free out some debt so that it can borrow more money to finance the upcoming aircraft.

Finally! One paper.
Thanks!

Hong Leong said FV 1.20. So how? Did ECM wrote any research paper on it? Can share with us?
Thank you!

The response from foreign and bumiputera institutional investors to AirAsia
X's IPO has been overwhelming. "Ceramah-like" speeches at retail roadshows
held across the country have not only drawn the ordinary public but wealthy
business tycoons interested in getting big chunks of between 5m-10m shares.
Bankers said the bumiputera institutional portion of 260.74m shares had been Daybreak Malaysia
June 14, 2013
9
oversubcribed by almost three times. The source added that the airline is
expecting a larger response from investors from Europe and the US. (Financial
Daily)

I'm not that keen on this IPO.
Thanks anyway.

few days back, maybank announced already used up 55% of its 15% shares. if continues support at ipo price, can't even tahan until this friday.
i don't understand why people losing money here? why you guys applied ipo and just willing to hold the stock for 1 week? how can you judge a company/stock good or not by watching its share price for 1 week? that's 100% gambling. who to blame. Do you blame genting when you buy big it draws small?

i do believe the ipo price is overpriced for such risky business. i wish to see price drops to 1.00.

This post has been edited by yok70: Aug 2 2013, 01:29 AM

while trend traders only revisit after it break above 1.28

then wait for buy at 0.88, safe.

you haven't read enough, that's why.
very few, but still, there were a number of them hit even above TP and continue rising for years if not decades.