Mind to share the full message here?
Curious to know how they analyze and given RM 1.06 for Chin Hin

Thanks a lot ya

Attached thumbnail(s)

Wow
Thanks a lot

Bro William, what do you think? pls comment

full report by Public investment bank

FV: rm1.06

http://cdn1.i3investor.com/my/files/dfgs88...--450877808.pdf

Wow TP very high. Very optimistic indeed.

Its listed peers r not doing well

Yup

when IB give very high TP & very2 optimistic, it could mean one thing. Holland

I wud opined the FV is extremely Rich

CHIN HIN GROUP BERHAD

Opening of application 18 Feb 2016
Closing of application 25 Feb 2016
Balloting of application 01 Mar 2016
Allotment of IPO shares to successful applicants 04 Mar 2016
Tentative listing date 08 Mar 2016

Nowadays wonder if the IBs are desperately trying to attract investors in this current outlook or just to make them look great.

IMO, this FV should be estimated to be around 76 sen plus, minus small variations.

that's why I was shocked the TP given

may i know can i apply the ipo with 2 different CDS accounts (both are my name)?

exp:
CDS1 with CIMB
CDS2 with Maybank

will my application been rejected?

thanks!

From my experience, I've never able to get 2 successful bids at a given time. It's always both fail or one successful. Not sure of its true but was told that if they've found out you make multiple bids, all of the bids would be rejected hence I've always use multiple names (includes father mother brother sister friends) to bid.

Studying the research report. Some thoughts.

Half of the IPO proceeds goes to owners pocket, Remaining half goes to company & out of 41m, 4m goes to M&A securities! Meaning to say, existing shareholder is the biggest beneficiaries vs the company

Doesn't deserve the 20% premium in valuation as they are not market leader. At most peer average.

Thin margin? Credit term policy (bad debt can sink company into loses)? Depreciation policy (plants and new equipment purchase)? Single client dependency?

Dividend policy?

Advised by M&A, potential goreng candidate?

That's against the rules - 1 name 1 application only; both will be rejected - don't waste your time doing illegal stuff.

thanks!

bro topearn you will join this party also?

Just applied.

Just applied.

not right! please dont give wrong info here bro.

41m from Public Issue only, OFS portion entirely goes to the selling shareholder(s).
4m professional fees of which, 2 mil to adviser, solicitors, reporting accountant, IMR, issuing house and share registrar.
500k goes to bursa and sc. 1.2m goes to underwriter and placement agent. 268k contingencies.

Dividend policy – Upon listing, our board intends to adopt a stable and sustainable dividend policy to allow our shareholders to participate in the profits of our group while maintaining an optimal capital structure and ensuring sufficient funds are available for our future growth.

Means no clear div policy at the moment.
Never look at the valuation, no time now.


Which research report you read? Sue them for misleading info. Or you read wrongly.