| Latest Forum Topics / Others |
 Post Reply
|
|
Texchem_Pack Holdings IPO
|
|
|
robinpang
Member |
26-Oct-2006 15:14
|
|
x 0
x 0 Alert Admin |
zujzuj : giving the current climate, even if u apply u might not get it. IPOS are hot now. If u get it, u r very lucky, cos u sure make money. period. |
| Useful To Me Not Useful To Me | |
|
teeth53
Supreme |
26-Oct-2006 08:44
Yells: "don't learn through life, learn to grow with life " |
|
x 0
x 0 Alert Admin |
Malaysian Plastic Packaging Firm Run by a Japanese-born Businessman. Dato' Seri Fumihiko Konishi to this part part of the world 38 years ago. Can never be wrong to go for an IPO in S'pore Texchem -Pack is launched it IPO yesterday to raise S$9.5 mil for it company, a subsidiary of Malaysia conglomertr Texchem Resources, which was listed on the KL stock Exchange in 1993. Texchem issued 29.9 mil new shares priced at S$0.40 cents apiece, or 7.4 times its earnings for last year. (Going forward FY-06 it PER can be even less). It will represent 25% of it enlarged share capital. Of these 26.9 mil is for institutional investors and 3 mil or 10.033% is for retail investors, DBS Bank ipo managed as manager, underwriter and placement agent. FYI: (small float). I am visiting ATM again to collect some small kopi $$$, my personnal opinion oni hohh.... |
| Useful To Me Not Useful To Me | |
|
|
|
|
zujzuj
Senior |
26-Oct-2006 00:32
|
|
x 0
x 0 Alert Admin |
Somehow after reading the prospectus... I don't feel too encouraged abt it. It lists down a lot of risk factors to its profits such as increase in price of raw materials, loss of major customers, dependent on output of semiconductor industry etc, which sound very real to me. Hmmm..... I can apply for the IPO with DBS vickers tmr but still mulling over it .... Any views / comments .... |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
26-Oct-2006 00:15
|
|
x 0
x 0 Alert Admin |
The IPO comprises of a retail tranche of 3 mln shares and a placement tranche of 26.85 mln shares. Texchem-Pack, which packages electronics, said the estimated net proceeds of 9.5 mln sgd would be used to expand and upgrade its manufacturing facilities, strengthen its research and development capabilities and provide for general working capital requirements. The IPO closes on Oct 31 and trading is expected to begin on Nov 2. The company's earnings in the past three years have been volatile, its net profit falling to MYR2.81 mln in 2004 from MYR5.54 mln in 2003 before rising sharply to MYR11.52 mln last year. In the first half of this year, its net profit rose to MYR8.62 mln from MYR6.03 mln a year before. |
| Useful To Me Not Useful To Me | |
|
teeth53
Supreme |
25-Oct-2006 23:40
Yells: "don't learn through life, learn to grow with life " |
|
x 0
x 0 Alert Admin |
Buoyed by warming IPO recently mkt sentiments. DBS Bank ipo managed as manager, underwriter and placement agent, while KPMG Singapore and KPMG Malaysia are its reporting accountants and auditors. Texchem-Pack launched its offer IPO prospectus with the Monetary Authority of S,pore (MAS), listing on the SGX!!, a M,sia-based plastic packaging firm. A subsidiary of Penang-based Texchem Resources Berhad (TRB), which is listed on the Malaysian bourse, Texchem-Pack was incorporated as a pte limited company in S,pore 3 years ago. It has core operations in M?sia, with production facilities in Looking ahead, it plans to have more research and development into packaging products for the medical industry, as it anticipates a growing demand for medical services. It is also exploring opportunities in the car industry in Its revenue for yr-05 was RM201.7 million (S$87.4 million), up from RM136.9 million the previous year and yr-03's RM131.5 million. Net profit reported for yr-05 was RM11.5 mil, 4times that of FY2004's RM2.8 million, and twice that of yr-03's RM5.5 million. Texchem-Pack is led by Penang-based Exe Chairman Fumihiko Konishi, who also heads the parent company TRB. Principal bankers are HSBC M?sia, CIMB Bank, Malayan Banking, RHB Bank and Southern Bank. FYI: It IPO come with certain risk, ur $$, ur decision |
| Useful To Me Not Useful To Me | |
|
|
|
|
Nostradamus
Supreme |
25-Oct-2006 23:38
|
|
x 0
x 0 Alert Admin |
Packaging firm Texchem-Pack Holdings, which focuses on Southeast Asia and China, said it plans to raise close to $12m in an IPO. The Singapore-based company said it would sell a total of 29.85m new shares at $0.40 a share, or 25% of the enlarged share capital. It plans to use the proceeds to expand capacity, according to its prospectus. |
| Useful To Me Not Useful To Me | |
|
zujzuj
Senior |
25-Oct-2006 22:50
|
|
x 0
x 0 Alert Admin |
So anyone of you gg for this IPO ? |
| Useful To Me Not Useful To Me | |
|
teeth53
Supreme |
25-Oct-2006 22:32
Yells: "don't learn through life, learn to grow with life " |
|
x 0
x 0 Alert Admin |
SEE page 51, http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/97DA79A4CE4AC81148257212002B40D2/$File/Texchem-Pack%20Holdings%20(Final%20Prospectus%20dated%2025%20October%202006)%20Clean%20Copy.pdf |
| Useful To Me Not Useful To Me | |
|
|
|
|
terencefok
Master |
25-Oct-2006 22:29
|
|
x 0
x 0 Alert Admin |
so is this IPO worthwhile applying? |
| Useful To Me Not Useful To Me | |
|
teeth53
Supreme |
25-Oct-2006 22:29
Yells: "don't learn through life, learn to grow with life " |
|
x 0
x 0 Alert Admin |
DILUTION:
Dilution is defined as the amount by which the issue Price paid by subscribers of the invitation Shares pursuant to this invitation exceeds our NAV per Sharer immediately after the invitation.
The NAV of our Company as at
Pursuant to the invitation in respect of 29,850,000 New Shares at the issue Prices, our NAV per Share, after adjusting for the estimated net proceeds from the invitation and based on the post-invitation issued share capital of 119,400,000 Shares, would have been 23.9 cents. This represents an immediate increase in NAV per Share of 2.5 cents to our existing Shareholders and an immediate dilution in NAV per Share of 16.1 cents or approximately 40.3 per cetn to new investors.
The following table illustrates this dilution per Share: Cents Issue 40.0
NAV per Share as at
Increase in NAV/Share attributable to existing Shareholders 02.5cts
Adjusted NAV per Share after the invitation 23.9
Dilutions in NAV per Share to now public investors is 16.1
|
| Useful To Me Not Useful To Me | |
|
teeth53
Supreme |
25-Oct-2006 20:52
Yells: "don't learn through life, learn to grow with life " |
|
x 0
x 0 Alert Admin |
Principal ShareHolder (TRB) will hold 89,550,000 or 75% of company post-invitation issued shares capital has given an undertaking to DBS Bank not to dispose or transfer any parts of it sharesholding in this for a period of six months from the date of it admission to the official list of the SGX-ST. |
| Useful To Me Not Useful To Me | |
|
ralphguy
Member |
25-Oct-2006 19:29
|
|
x 0
x 0 Alert Admin |
wow.. IPO at 0.40. is it too expensive? but i saw they guarantee 50% dividend.. dont know how true it is..... |
| Useful To Me Not Useful To Me | |
|
|
|
|
teeth53
Supreme |
25-Oct-2006 18:36
Yells: "don't learn through life, learn to grow with life " |
|
x 0
x 0 Alert Admin |
Subscribe, small float, small kopi $$$ coming............... Opening on 26-10-2006 (9:00 am) Close on 31-10-2006 (12 noon) Balloting start on 1-11-2006 Commence trading on 2-11-2006 (9:00 am) |
| Useful To Me Not Useful To Me | |
|
teeth53
Supreme |
25-Oct-2006 17:50
Yells: "don't learn through life, learn to grow with life " |
|
x 0
x 0 Alert Admin |
Integrated Packaging SOlutions Provider. http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/97DA79A4CE4AC81148257212002B40D2/$File/Texchem-Pack%20Holdings%20(Final%20Prospectus%20dated%2025%20October%202006)%20Clean%20Copy.pdf |
| Useful To Me Not Useful To Me | |
|
scotty
Senior |
25-Oct-2006 15:08
|
|
x 0
x 0 Alert Admin |
what does this company do? |
| Useful To Me Not Useful To Me | |
|
SmallFish
Member |
25-Oct-2006 15:07
|
|
x 0
x 0 Alert Admin |
Subscribe or Avoid?? |
| Useful To Me Not Useful To Me | |