Just to add my opinion (I am from Spore btw). SGX behaves the same as Bursa. Those IPO stock no guaranteed winners. Some readers mention this observation is not unique to Bursa it is everywhere. That is why for SGX IPO stock unless it is REIT I basically avoid. Now even with REIT also will kena delisted! I kena Soildbuild delisted at their asking 0.538 vs IPO 0.78. Although you get dividends but due to low acquiring price you do the maths still rugi. So for individual stock trading, it is always high risk high returns and losses too. Which is why I think now safer to invest in ETF instead.

I now worried ETF (since it is like a stock) get delisted and at their low acquiring price !!!

Thanks for the share!!

Not sure how stock in Bursa work for delisting. In SGX delisted can be below

1. Company delisted as no trading volume and company feel undervalued so don't want to list in exchange waste time go other exchange listed
2. Some bigtime investors want to buy the company many many shares so triggered a mandatory offering based on SGX rules. After they succeed get many shares company delisted
3. Company bankrupt no more monies

If your stock is above point 3 cham liao. I kena before three incidents.

Incident 1. Company pay off creditors and then dunno judge so good heart reserved a bit for the shareholders. I get back $13 for $1000 investment. Enough to buy economic rice a few meals.
Incident 2. Company delisted and then send to my house a piece of A4 size paper stating I owned XXX shares of the delisted company
Incident 3. Company delisted and I don't even get any piece of A4 size paper for me to put chicken, fish bones !!!!!

And then there's the sticky issue about LHI IPO....

cause it was once listed and like LC Titan, this was basically a relisting.

Internet searches would quickly showed that during the privatization of Leong Hup, many had complained that the owners delisted the company at a very cheap valuation.
It was delisted on 2012 and relisted 2019.
When it was delisted the offer made for the privatization was 300 million plus.
During the relisting, based on LHI ipo price, the company was valued at 4 billion....



the disconnect was there, no?

delisted at a cheap price, relisting price high, high.....

https://www.theedgemarkets.com/article/leon...longawaited-ipo



That was from the edge article before listing .... LHI had a PAT of 247 million for fy2017.... and nice annual growth rates....

but after listing....






and this is why some of those superinvestors like unker Buffett had mentioned that they do not invest in IPOs.....



* other reference links: https://www.thestar.com.my/business/busines...cklustre-debut/

This post has been edited by Boon3: Feb 14 2022, 01:50 PM

You got remember some analyst their employers are the shareholders looking for exit hence the agenda is there

Unlike in US whereby the analyst, family and employers have disclose publicly whether are they is shareholders while publishing those reports

I agree with you, but I'm not sure does the general public really think IPO sure can win? I don't think so, judging by the response to IPOs nowadays. Those days of sure win IPOs are long gone, I think most people know that.

And yeah, I would rather rely on people I trust, rather than some analyst I don't know. Ideally I would love to be able to do my own research, but I'm not from this field and I dont have time for it, so next best thing is to rely on trusted people. Results speak volumes.

And how about Siab Holdings?

IPO price of 30 sen.

Opened at 31 sen. Briefly reached a high of 34 sen. Closed at 30.5 sen?

An IPO winner?

not even 12 trading days later....

ipo winner on ipo day only. the rest is history.


or should i say, that's the only history thus far?

LOL!!! Yeah IPO winner for one day only.... (where the meat???)


the 34 sen was on offer for the first 10 mins only....

the 10 min chart



and if don't sell on the first day.... ahem....

haha this is never my cup of tea, never bother with this though.

Not mine too!!!

It is retail trap