Indicative IPO price too high ?

As per Circular, indicative price is 1.10
Based on historical FYE12/2013 earnings, PE @ 21.5x which is very High
Need to wait for Prospectus to find out FYE/2014 earnings b4 calculate latest PE

Thanks a lot, william
Not too sure with those technical term.
But many thanks for ur help to analyze
Wait for your further analysis then

when there's stabilizing manager, we need to be extra careful

$1.10...PE12.5x...2014. It is cheap.

At 1.10, PE @ 15.7x for FYE12/2014 earnings based on annualized PAT up to Aug 14

need to wait for the final prospectus out, then only can say expensive or value for money IPO

Yup..I will wait for final prospectus to consider.

looking at Malakoff performance and the need for suncon listing needing a stabilizing manager the future kinda looks bleak. really looking forward though..so guys proceed with extreme caution

Brave the STORM.....

don't be too over positive like those in Malakoff

The announcement of the 11MP would also bode well for soon-to-be-listed Sunway Construction Group Bhd, an analyst said.

Sunway Construction making Bursa comeback
http://www.thestar.com.my/Business/Busines...back/?style=biz

I am lost that they will use some of the IPO money as shareholders' dividends.

Should it be used for more productive means? Dividends are when the company can afford it, when they don't have worthwhile money making projects to do.

Says PE of 5 while mentioned in this thread a much higher PE. So which one?

Cheerio.

Sunway use a portion of sale proceeds from disposal of Suncon to reward its shareholders

good or bad?

Of coz gud

sure good for Sunway shareholders

Depends on which boat you are in.

Good for parent Sunway but bad for Sunway Const IPO holders, bad in the sense that part of your invested money is gone and not earning you anything other than some happy people getting the dividends. Ha.

One can say that I am not a team player (i.e., not seeing all Sunway shareholders as one).

Speaking my mind, it does not reflect well on the management using IPO money to give dividend to another company. Dividend should be earned, i.e., deserved by good performance.

Please share the prospectus here once it is finalised. I cannot find it in Bursa.

Cheerio.

New investors shld b happy coz Sunway share the cake with everyone