This IPO cannot be applied from Clicks?

still have time..
today only launch... chill first

Any stabilizer this time?

U know what stabilizer mean

This post has been edited by sl3ge: Apr 26 2019, 08:56 AM

Posted by Moneyking543 > Apr 25, 2019 5:19 PM |

but taukeh is goreng master

----------------------------------------------------------------------

Leong Huat RM 1.10 is DAMN CHEAP

See Chicken Poultry QL now RM 6.82

Pondan IPO oso scared ?.....
Unlike very risky warrant Punting in Open Market

nothing more to say if Pondan liao..
better buy that old fashioned grandma FD for a never failed chicken feed@peanut 3 % in a year
OR the snailed phased ASB /ASM for Peanut 5 -6 % in a year

This post has been edited by SURE ANGPOW: Apr 27 2019, 10:52 AM

applied 40 lots for fun via maybank
Wonder can get ornot.

Hope dont lose money gg.com

This post has been edited by prozfromhell: Apr 27 2019, 03:05 PM

Not to worry , sure you will get all . The main worry now is whether you can make or not .

Don't be Pondan... .
Damn Cheap RM 1.10 , even chicken QL counter RM 6.80 +

TP RM 1.88

This post has been edited by SURE ANGPOW: Apr 27 2019, 07:36 PM

Saw the interview from the big boss old man...

People ask since company majority income from overseas.. Why still list in Malaysia? His answer really win.. Because its all started here... So naturally list in Bursa. Also Love for the country?? Like seriously....

Anyone have anything to say? I doubts about it??
😈

Hungry investors flock to Leong Hup IPO

CORPORATE NEWS
Saturday, 27 Apr 2019


Institutional investors, hungry for a large initial public offering (IPO) after a drought in 2018, are flocking to Leong Hup International Bhd, as the company launched one of the most exciting new listings on Bursa Malaysia in recent years.

Bankers advising the deal said Leong Hup’s institutional offerings – a total of 839.5 million shares – have received overwhelming demand.

Ten cornerstone investors have committed to take up the amount on offer .

The remaining 98 million shares, set aside for the Malaysian public at a maximum price of RM1.10 each, will be closed on May 3.

“We are extremely happy to receive such overwhelming demand from institutional investors,” Leong Hup executive director and group CEO Tan Sri Francis Lau said.

“We would like to get a higher price (for the IPO), but we think this is a fair price and we believe our investors can make money too, ” he said after launching the group’s prospectus on Thursday.

The IPO got off the roaring start after Louis Dreyfus Company (LDC), one of the world’s biggest agriculture processor, said on Thursday that it is investing in Leong Hup.

“LDC cornerstone investment in Leong Hup’s IPO is in line with LDC’s strategy to diversify further downstream and strengthen our footprint in growth markets by partnering with key players in the feed, food and nutrition value chain,” its group CEO Ian McIntosh said.

This post has been edited by SURE ANGPOW: Apr 27 2019, 08:15 PM

Tentative listing date means the date available for the public to buy and sell right?

Anyway, some conflicting opinion from klse.i3investor such as:

1. ipo to pay debt ,good or bad ?
2. gearing high dao like KLCC how la
3. why the Private Equity want to exit if this company is soooo good?

Is everyone here just for short term trading?

1. There's good & bad debts.. This looks good because of expending into new markets.

2. Private equity plan always like this. They won't be in any company long time. Always exit around 5 years or so... That's how they make fat $$$... U won't see PE more than 10 years in 1 company even the company is super good...

are they raising funds for debts ?

i was under the impression that the bulk of it will go to expansion in PH for fund raising, others under offer for sale for PE to exit

If applying via ATM, I think the IPO bank charges is RM0.21 (inclusive SST 6%) and not RM1.00

Not sure if MBB have reduced it from the normal RM1.00 to just RM0.20 ??

Don't be THRIFTY MY FREN... kihhh 5X
Look at the comingg $$$$$ of this IPO.

Sure bohh
I think rate of success to get this IPO less than 1%

TP RM 1.88

This post has been edited by SURE ANGPOW: Apr 29 2019, 12:54 PM

Hi, guys...I happened to see from Maybank2u that we can apply for it there. Sorry, a newbie question...after reading up, I see that we need to open up a CDS account in order to start doing anything, which means, must go to the bank branch and have that done first instead of online (for a first time), correct?

Also, a curious question, IPO award is random for applicants? No specific criterias, yes?

Thanks.

Don't apply.. Zero chance..
Apply at least have 1 % chance

CHICKEN QL RM6.80 +..

THIS LEONG HUP IPO damn CHEAP peanut RM 1.10

IT'S A STEAL... EVEN A ROB AT RM 1.10

This post has been edited by SURE ANGPOW: Apr 29 2019, 04:07 PM

Credit to http://lchipo.blogspot.com

Leong Hup International Berhad

IPO Rating (3.0 star out of 5.0)
Copyright@http://lchipo.blogspot.com/

Date
Open to apply: 25/04/2019
Close to apply: 03/05/2019
Listing date: 16/05/2019

Share Capital
Market Cap: RM 4.015 bil (published prospecture book wrote 1.5bil is typo)
Shares Issue to sell: 937.5 mil shares (IPO 98 mil, private placement 839.5 mil)
Enlarged Issued Shares: 25.68%

Business
Feedmill 39.3%, Livestock & other poultry related product 61.0%

Geo
Msia: 28.8%
Indonesia: 31.7%
Singapore: 19.8%
Vietnam: 19.20%
Philippines: 0.5%

Fundamental
Market: Main Market
Price: RM1.10 (eps: RM0.0566)
P/E & ROE: PE20.8, ROE12.5%
Cash & fixed deposit after IPO: RM0.15 per shares
NA after IPO: RM0.42
Total debt to current asset after IPO: 1.30 (Debt: 2.985 bil, Non-Current Asset: 2.659 bil, Current asset: 2.304 bil)
Dividend policy: Target payout ratio 30% on Net profit.

Financial Ratio
Trade receivable: 37.2days
Trade Payable: 23.7days

Past Financial Proformance (Revenue, EPS)
FPE 2018: RM4.690 bil (10mths eps: 0.0513)
2017: RM5.501 bil (eps: 0.0566)
2016: RM5.257 bil (eps: 0.0537)
2015: RM4.714 bil (eps: 0.0323)

Net Profit Margin
FPE 2018: 4.7% (10 mths)
2017: 4.5%
2016: 5.1%
2015: 3.5%

After IPO Sharesholding
Emerging Glory: 52.8%

Director Remuneration for FYE2019 (from gross profit 2017)
Lau Chia Nguang: RM5.90 mil
Dato' Lau Eng Guang: RM4.86 mil
Tan Sri lau Tuang Nguang: RM5.04 mil
Lau Joo Hong: RM5.66 mil
Lau Joo Han: RM4.86 mil
Lau Joo Keat: RM4.90 mil
Other 8 director: RM0.902 mil
Total director remuneration from gross profit: 3.52%

Use of fund
Capital Expenditure: 75.5%
Working Capital: 12.0%
Lisitng Expenses: 12.5%

Competitor PE & ROE
QL:PE50.32, ROE11.48
Teoseng: PE11.86, ROE10.88
CP Food: PE n/a, ROE10.1
Japfa: Pe n/a, ROE0.2

Industry Analysis (Asean 2012-2018)
oultry Meat Consumption growth average per year: 5.2%
Animal Feed import average per year: 12.92%
Animal Feed production: 8.15%

Conclusion
Good thing is:
1. Produce necessity product (e.g. Egg)
2. Only depend on M'sia market 28.8%, other is export.
3. Trade receivable is less than 3 month.
4. Revenue is increase over 3 years.
5. 75.5% IPO fund use to expand business.
6. The needs of this industry is increasing because of population increasing.

The bad things:
1. Net profit margin very low (below 5%).
2. ROE is 12.5%, if 15% should be better.
3. NTA is RM0.42
4. Growth rate should not be very high because of net profit margin below 5%.

Conclusions
Overall is a slightly better IPO compare to normal IPO. Because of the needs of the industry, the demand will keep increasing. We should see a stable growth (but not big growth) in the company.
More suitable to investor that buy & keep as defensive portfolio.

IPO Price: RM1.10
Good time: RM1.28 (PE25)
Bad time: RM0.515 (PE10)

Credit to http://lchipo.blogspot.com

MY Consideration for long term:
1) NTA vs Price big gap
2) Stable grow (necessity unless some virus breakout gg)
3) Unlike construction etc payable receivable is shorter (?)
4) Focus diff market - so MY affect also wont down all business
5) IF really is to pay debt, it consider a good approach since interest lesser, more profit for stable grow = more future, unless they always operate at lost
6) This is why so many cornerstone investor --> they wan long term stable grow, and they confidence NTA will chase up to price (?)(of course not the other way round wei)
7) Can compare to QL or Layhong (?) for PE ROE etc...i.m too lazy to do homework on this..haha


Consideration for short term:

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goreng need think de meh? its like going genting ma

thats what his name said, SURE ANGPOW<<