PE for Malakoff is 26. Compare this to TNB.

Where got black market price nowadays. The IPO price is already the market price. This is not the 1980s.

The role of a stabilizing manager is to stabilize the price around IPO price. Many thought that their role is to jack up the price so that the investors would make a tidy sum without any effort. To get fat profits, u have to keep long term like Westport.

But the fact remains that the IPO price is the market price where all the funds applying thinks it is worth that much.

All these TP are marketing strategies of Investment banks to attract people to do trading. Even if they reevaluate, they lose nothing. The retail player is the loser. The IBs n the prospective companies together set the IPO price n price it to the maximum. I am rather surprise people still talk about black market price. Way back, the IPO price is based on PE ratio fixed by the Securities Commission n are underpriced. But those times are already long gone.

Even want to buy those lousy assets, just keep quiet lah. Now the retailer players got hit. What a joke!

Nothing haram or halal. It is that they are overpowered by sellers as market is closing soon.

Well, when the price of yr stock drops, there is actually no reason for it. It is simply supply more than demand n people trying to make fast bucks when suddenly it dawn upon them that the trend is against them.

They have limited funds n have to continue on Monday

Based on past experience, stabilizing is not a one day show. If they keep buying without limit, this bank may end up to be a sustancial shareholder which is clearly not their aim.

Cos the stabilizing manager is buying. When this entity had fulfilled all its obligations, then only we know whether real demand is there.

The IPO price is in fact the market price n not an undervalued price. This is Iine with all matured markets. The perception about IPOs in M'sia is that they are undervalued due to past practices of SC which controls the PE ratio of those cos which intends to list. This perception unfortunately continues to date. The market price of any stock would fluatuate daily n this applies to Malakoff. That said, it does not mean it is not worth buying if the market price is right. The charts will certainly give u a clue. The trouble is many invest huge sum of $ to make fast bucks while those institutional investors buy for long term n I am sure they are not cursing. U have to take all IPOs with a pinch of salt.

Making their last stand

Yes

Probably Maybank's job as SM ends tomorrow. The market will decide Makakoff's value.

Why should they buy more since the price now n IPO price is not that big? Having more money tied up in one stock means loss of opportunity to bet other stocks.

The assumptions may well be realistic but the other stocks u compared may have a greater EPS since Malakoff's EPS is around 13 cents.