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 Leong Hup International Berhad (6633), Main Market

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TSnexona88
post Apr 23 2019, 10:56 PM

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Leong Hup halves offer size, targets mid-May listing — sources
https://www.theedgemarkets.com/article/leon...2%80%94-sources
SURE ANGPOW
post Apr 23 2019, 11:40 PM

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QUOTE(nexona88 @ Apr 23 2019, 10:56 PM)
Leong Hup halves offer size, targets mid-May listing — sources
https://www.theedgemarkets.com/article/leon...2%80%94-sources
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The indicative offer price will be in a narrow band of RM1.09-1.10, as demand has proven "overwhelming", one of the sources said.

The source also said revised valuations for the IPO are now "deemed attractive" at around 15 times forward earnings.

DAMN ATTRACTIVE NOWWW.... blink.gif rclxms.gif thumbsup.gif
TSnexona88
post Apr 23 2019, 11:53 PM

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QUOTE(SURE ANGPOW @ Apr 23 2019, 11:40 PM)
The indicative offer price will be in a narrow band of RM1.09-1.10, as demand has proven "overwhelming", one of the sources said.

The source also said revised valuations for the IPO are now "deemed attractive" at around 15 times forward earnings.

DAMN ATTRACTIVE  NOWWW.... blink.gif  rclxms.gif  thumbsup.gif
*
god willing..
won't be Lotte IPO 2.0 whistling.gif

learned from Korean Mistake in Bursa Malaysia Listing
Yggdrasil
post Apr 24 2019, 12:45 AM

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But Warren Buffett said IPOs nowadays are crap. Especially IPOs near a recession.
danialarif
post Apr 24 2019, 12:52 AM

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Hope the IPO is Syariah stock.
tokkah
post Apr 24 2019, 04:55 AM

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QUOTE(danialarif @ Apr 24 2019, 12:52 AM)
Hope the IPO is Syariah stock.
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It is a non syariah compliance .
TSnexona88
post Apr 24 2019, 09:24 AM

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So any info if MITI allocation undersubscribe or oversubscribed?
Republic
post Apr 24 2019, 09:37 AM

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QUOTE(danialarif @ Apr 24 2019, 12:52 AM)
Hope the IPO is Syariah stock.
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Need to wait for SC's Shariah Advisory Council's reply which will be later after listing. If deemed not compliant, dispose accordingly according to procedures.
nikewee
post Apr 24 2019, 05:11 PM

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QUOTE(Yggdrasil @ Apr 24 2019, 12:45 AM)
But Warren Buffett said IPOs nowadays are crap. Especially IPOs near a recession.
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Are he "shooting" lyft and incoming Uber? biggrin.gif
Yggdrasil
post Apr 24 2019, 06:04 PM

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QUOTE(nikewee @ Apr 24 2019, 05:11 PM)
Are he "shooting" lyft and incoming Uber?  biggrin.gif
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I think in general. Not like Uber is making money too. icon_idea.gif
TSnexona88
post Apr 24 2019, 08:00 PM

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QUOTE(tokkah @ Apr 24 2019, 04:55 AM)
It is a non syariah compliance .
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meaning less people from MITI would subscribe? correct devil.gif
sl3ge
post Apr 24 2019, 09:34 PM

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hows the respond of the MITI?
abdrahib
post Apr 24 2019, 10:28 PM

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QUOTE(sl3ge @ Apr 24 2019, 09:34 PM)
hows the respond of the MITI?
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I think oversubscribe because every time I applied, I only got about 20% of the total shares.Eg I applied 500000,I got 100000 only.
TSnexona88
post Apr 25 2019, 01:26 PM

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Timetable for IPO

Opening of application 25 Apr 2019
Closing of application 03 May 2019
Balloting of application 07 May 2019
Allotment of IPO shares
to successful applicants 15 May 2019
Tentative listing date 16 May 2019
TSnexona88
post Apr 25 2019, 01:27 PM

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prospectus

http://www.bursamalaysia.com/market/listed...cements/6137001
tehoice
post Apr 25 2019, 04:39 PM

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what's your take on this?
SURE ANGPOW
post Apr 25 2019, 04:52 PM

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TP ?
TSnexona88
post Apr 25 2019, 04:54 PM

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one thing that interested me..

expansion plan on bigger population Asian countries like Vietnam, Philippine & undeserved Cambodia..

well those countries chicken eating per person/year is sure lower than Malaysia. but Population confirmed bigger.. So $$ to be made in longer term.

risk is if Many goes Vegan or Avian influenza tongue.gif
SURE ANGPOW
post Apr 25 2019, 07:49 PM

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QUOTE(nexona88 @ Apr 23 2019, 08:40 PM)
Welcome back rclxms.gif

Long time no see...

[/B]Later don't forget give TP ahh... thumbsup.gif

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TP RM 1.88 blink.gif rclxms.gif rclxms.gif thumbsup.gif

This post has been edited by SURE ANGPOW: Apr 25 2019, 07:49 PM
TSnexona88
post Apr 25 2019, 08:10 PM

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QUOTE(SURE ANGPOW @ Apr 25 2019, 07:49 PM)
TP RM 1.88   blink.gif  rclxms.gif  rclxms.gif  thumbsup.gif
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1.10 to 1.88???

rclxms.gif profit all the way flex.gif

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