Leong Hup International’s IPO will involve the issuance of up to 1.6 billion shares, representing 40% of its enlarged issued and paid-up capital, to raise proceeds mainly for the repayment of bank borrowings, capital expenditure and working capital.

Of the 1.6 billion shares, up to 1.495 billion shares, or approximately 37.38% of its enlarged issued and paid-up share capital, will be allocated to institutional investors, whereby 1.03 billion shares will be allocated to Malaysian institutional and selected investors as well as foreign institutional and selected investors. The remaining 460 million shares will be allocated to bumiputera institutional investors and selected investors approved by the international trade and industry ministry.

The company’s IPO will also encompass the issuance of 105 million shares to retail investors, representing approximately 2.63% of the enlarged issued and paid-up share capital of the company. Of the 105 million shares, 80 million shares will be made available to the Malaysian public, of which 50% are reserved for subscription by bumiputera citizens, companies, co-operatives and societies, while 25 million shares are for eligible persons.

http://www.theedgemarkets.com/article/leon...-market-reentry


https://www.sc.com.my/prospectus-exposure-l...ational-berhad/

This post has been edited by nexona88: May 16 2019, 05:01 PM

winner winner chicken dinner~~

why they delist in the 1st place ?

GLC

This post has been edited by DominicSin: Oct 18 2018, 03:48 PM

when company is making good profit, you want to delist because you don't want to share the profit with others.

Now, the company is not doing good, huge debt, you wanted to list again to get others money to pay the huge debt.

63% of the IPO fund will be used to pay their debts for the next 6 months.

no thanks.

Any new catch on this stock ?

Leong Hup to start pre-marketing US$300m-US$400m Malaysia IPO in early April

not sure is good or bad thing, if continue profit then at least profit will not eaten by debt interest...
but still too much debt hmmm?...

macam huge IPO, maybe can goreng but no long term for me

Main market kinda hard to goreng..
That's for sure....

I think this one of the big IPO for the year.. Another is QSR Brand 👍

recently ipo so so so quite

not much this year...
maybe all wait & see

Result miti also not yet out

maybe undersubscribed? so reallocated to others portion

tengok price berapa lo...Rm0.1 sure goreng 99 muahahaha

KFC can try luck...unless kampung folks got other choices...

Lolz..
Price won't be that low.. For sure...
Expected min rm1 & above 😊

Very long already no result from miti...other ipo also no result..it is cheap ipo i do not think people are not interested

i tot newspaper say they wan US$600m?

how much price per share?

The price of the IPO doesn't tell or give you the slightest hint of whether a stock is cheap or expensive.
An IPO can be priced at 0.20 @ 20,000,000 share OR 2.00 @ 2,000,000 share. Both carries the same valuation. So by just looking at the price to buy stock is no different than gambling.

This post has been edited by Singh_Kalan: Mar 31 2019, 08:31 PM

Market is not so good..
So reduced the offering... Don't want Lotte IPO incident happens again 😈

Ipo very less now...must go for open trade

IPO now is gambling, at least from 2018 I joined till now...
Only winner is Revenue and dah push to PE 50x
other weak till vomit...


it may happen again...

Endless possibilities...
Lotte IPO version 2.0 😈

This year is bad for ipo..companies are scared of new ipo....investment bank also less works

when is this IPO expected to be listed ya? any news?

Already 2 months in miti...no result..just quiet..no public offer also

usually miti takes how long time process?

Any update?

next week open for IPO

what s the selling price?

https://www.thestar.com.my/business/busines...-sunny-side-up/

For outsider should be RM2.00

MITI results out

1.10

Selling Price : RM 1.10

Open for Sale @ launching of prospectus : 25 April 2019

Cornerstone Investors :

Employees Provident Fund, AIA Group, Maybank Asset Management, RHB Asset Management & Tan Sri Dato' Chua Ma Yu

This post has been edited by nexona88: Apr 23 2019, 04:13 PM

Agricultural goods processor and merchant Louis Dreyfus Company and billionaire Tan Sri Quek Leng Chan are reportedly cornerstone investors for the IPO, according to Bloomberg.


Leong Hup is also mulling to set aside an estimated 40% of its base offering for cornerstone investors.

The group is majority-owned by the founding Lau family and is backed by private equity firm Affinity Equity Partners.


WOWWWWWW......



This post has been edited by SURE ANGPOW: Apr 23 2019, 08:40 PM

Welcome back

Long time no see...

Later don't forget give TP ahh...

Rm1.10
i just bought it today 😁

ada IPO, ada ANGPOW!!!

Still active on Warrant Punting$$$$$
My Darling Warrants edi gave super jackpot 100+ %
UNLIKE BLUECHEAT@Chip to get 5 % angpows take
Months if not years

Leong Hup halves offer size, targets mid-May listing — sources
https://www.theedgemarkets.com/article/leon...2%80%94-sources

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....

god willing..
won't be Lotte IPO 2.0

learned from Korean Mistake in Bursa Malaysia Listing

But Warren Buffett said IPOs nowadays are crap. Especially IPOs near a recession.

Hope the IPO is Syariah stock.

It is a non syariah compliance .

So any info if MITI allocation undersubscribe or oversubscribed?

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.

Are he "shooting" lyft and incoming Uber?

I think in general. Not like Uber is making money too.

meaning less people from MITI would subscribe? correct

hows the respond of the MITI?

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.

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

prospectus

http://www.bursamalaysia.com/market/listed...cements/6137001

what's your take on this?

TP ?

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

TP RM 1.88

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

1.10 to 1.88???

profit all the way

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:

» Click to show Spoiler - click again to hide... «

goreng need think de meh? its like going genting ma

thats what his name said, SURE ANGPOW<<

Hehehehe...
Unless everyone goes vegan ways of life..
Chicken & eggs always in demand & increasing y-o-y 😎

This company located at johor? Sell eggs?

#... But to those who are overly scared liao till unable to have sleep , please don't apply this leong Hup IPO..

This post has been edited by SURE ANGPOW: Apr 30 2019, 07:49 AM

&.... Don't be MAD, AND BANGGG YOUR HEAD TO
THE COCONUT TREE 10 X ON THE LISTING DAY $$$$$!

TP RM 1.88

LOL. Your TP is actually only listing day itself?

Can jump so high ornto wor

(1.88 - 1.10 )/1.10 x 100 = 41 %

merely peanut 41 % , well below 500 % limit up during 1995 - mid 97 2nd board gold rush

jual ayam juga

P:
*New Listing*
*Leong Hup International Bhd (6633)*
*Target Price: RM1.43 (Buy)*
We initiate coverage on Leong Hup International Bhd (LHI) with a Buy recommendation and TP of RM1.43 based on 19x CY20PER. We like LHI for i) being a fully integrated “pure play” poultry player, ii) dominant presence and position in ASEAN, iii) tailwind from favourable raw materials and iv) high quality associated branding with strong track records. We are also positive on LHI’s plan on expanding into new market i.e. Philippines, and optimising its value chain through further vertical integrations.

http://eas.taonline.com.my/research/Dco/IPO_LHI_190430.PDF

*Disclaimer*
This information should not be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this information. We, our associates, directors and employees may have an interest in the securities and/or companies mentioned herein.
*TA Securities Holdings Berhad (14948-M)*

TA Securities copy some of my points previously posted

Hurry UPPPPP , it's NOWW OR NEVERRRR!

HURRYYYYYY. UPPPPP. !

IT'S NOWWWW. OR. NEVERRRR!

BIG RAYA ANGPOWS $$$$$

at least we have common point..
so i'm not far from the real situation..
this company do have some prospect... but on listing day.. don't know if people throw for short term profits

So are you targeting to sell on the first day?

Will KEEP - to get the most

latest......a short lived euphoria to some

heard it's NON SHARIAA....Pergghhhhhh

## sure $$$$$$$$

This post has been edited by SURE ANGPOW: Apr 30 2019, 10:17 PM