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SYNEAR Food IPO on offer
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teeth53
Supreme |
18-Aug-2006 08:05
Yells: "don't learn through life, learn to grow with life " |
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Grey 80+ cts, congrats to those who get even 1 lot, more coffee money coming... oversubscribed base on public enlarge 7,519.000 share available, was approximately 65.4 times subscribed. Based on total invitation was approximately 2.3 times subscribed, in an hour time it start it trading on SGx bourse. |
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teeth53
Supreme |
17-Aug-2006 23:27
Yells: "don't learn through life, learn to grow with life " |
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Me no luck at atm, but my spouse and son is lucky, one lot each. Wish those who get it, good luck and happy trading yah...kopi $$ coming. |
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teeth53
Supreme |
17-Aug-2006 23:20
Yells: "don't learn through life, learn to grow with life " |
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Has any one check ur internet CDP a/c or bank yet ??.Services @ CDP » CDP Internet Access |
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Nostradamus
Supreme |
17-Aug-2006 10:34
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It'll start trading on 18/8. |
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Investsmart
Senior |
17-Aug-2006 10:00
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Wondering when is the 1st trading day ? Have not been in for the past 2 weeks, have missed the IPO. |
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teeth53
Supreme |
17-Aug-2006 09:04
Yells: "don't learn through life, learn to grow with life " |
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My guess. On the conservative side Synear Food premium 21cents ($0.75) and on a more optimism side 31 cents ($0.81) if it open higher then 88 i will sell my vested few lots. |
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teeth53
Supreme |
16-Aug-2006 19:47
Yells: "don't learn through life, learn to grow with life " |
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Thk Nostradamus for putting in all the hard work( in black n white) and got posted in Aug 15, 2006, me a bit lazy, think a bit lazy and oso got some typing error as usual. |
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teeth53
Supreme |
16-Aug-2006 19:40
Yells: "don't learn through life, learn to grow with life " |
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Just my guess this stock is going hot and may shoot off from $0.78(keep)......$0.88 take profit liao for those can't wait, wait wait...... after all it's offer to everyone at $0.54 (no such px liao). |
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jessie
Senior |
16-Aug-2006 16:52
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"what is good you cant get easily and what you can get easily is usually no good"...... Hope we are lucky enough to kena at least one lot. Good luck ! |
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teeth53
Supreme |
15-Aug-2006 18:45
Yells: "don't learn through life, learn to grow with life " |
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Likely if kena (get) one lot as good as a consolation lucky strike, can keep your one lot and hope it hit a dollar plus plus after all U only buy at $0.54 cents. |
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teeth53
Supreme |
15-Aug-2006 18:39
Yells: "don't learn through life, learn to grow with life " |
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If U have open internet trading a/c with any one of the securities firm, u can see the result on d 2nd day (evening) after it close it ipo offer on 16 Aus 2006 / time 12 noon. If not can also check into atm a/c, less the amount of $540/- per lot on the 3rd day morning. |
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jessie
Senior |
15-Aug-2006 12:57
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When will we know the result of the IPO ? Also, how do company allocate the no. of lots to the successful applicants ? Is there a standard guideline or is it up to the company to decide at the closing of the IPO ? |
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Nostradamus
Supreme |
15-Aug-2006 09:55
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Major shareholders are subjected to a 6-month moratorium. They are: Founder & Chairman Li Wei (56.01%) CEO Wang Peng (4%) Pre-IPO investors (10%) Pre-IPO investors include: CIM V Ltd (4.99%) Fire Dragon Investment Hldgs Ltd (2%) Trillion Rich Ltd (2%) Mingwin Tech Ltd (1%) The public holds a 30% stake. |
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Nostradamus
Supreme |
15-Aug-2006 09:30
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A group comprising fund managers, private investors and analysts from S'pore, HK, Malaysia and China paid a plant visit to Synear Food (SF) on 17-19/7 in Henan Province. US-based World Brand Label has awarded a brand value of RMB3.17b (up from RMB2.7b last year) to SF, ranking it at position 198, up from 234 last year and 260 the year before. The top brands include Haier, Lenovo, China Mobile, Konka, Bird and Want Want. On top of the 480 distributors and SF's 300 sales staff located in 20 provinces (in major cities such as Beijing, Shanghai, Guangzhou, Shenyang, hangzhou, Nanjing, Tianjin, Wuhan and Xian), SF's products are also carried Walmart, Carrefour and Metro. After the IPO, management plans to use the funds to expand into Sichuan, Huaiyng, Jiangyin and Yunnan. Annual product capacity amounts to 288,000 metric tons. Mgt targets to double capacity over the next 2 years to cope with the strong demand. SF develops, produces and sells quick freeze food products such as savourydumplings (39% of sales), glutinuous rice dumplings, glutinuous sweet dumplings (both about 47% of sales), speciality desserts and snacks via its Synear brand name. New product launches include pan fried dumpling, Shoudatianxia dumpling, Shoudatianxia sweet dumpling, vacuum packed glutinuous rice dumpling, steam milk buns, pickled veggie pork buns, and onion flavoured crispy pan cakes. In addition, it will also be boosting their R&D dept to improve their ability to catch new consumer preferences abd trends. this should help to maintain or increase average selling prices. The strategic production facilities' location in Zhengzhou allows SF to be able to obtain fresh and abundant supply of raw ingredients. It has a dividend policy of distributing not less than 20% of profit after tax for 06 and 07. It has a solid working capital capital mgt with cash conversion cycle averaging from a low of 28 days to a high of 52 days. Based on historical trend where 1Q performance typically accounts for 36% of full year performance (CNY), this year could potentially see net profit growth of 23.5% to RMB300m. Based on post IPO market cap of $675m, historical PE of 13.8x would decline to a forward PE of 11.25x. Its closest listed comparable Want Want is trading at a forward PE of 15x. |
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teeth53
Supreme |
13-Aug-2006 23:49
Yells: "don't learn through life, learn to grow with life " |
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Thk Jessi, err...don mentioned, i believe this stock may go along with d good news that war parties in Lebenon is giving peace a chance to good pause which might be giving a much boost to improve it premium as oil price may go down again. This time i am all for going to ATM to try my luck, believe 1-2 lots oso can make 1-2 hundred liao. |
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jessie
Senior |
13-Aug-2006 16:29
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Hi Teeth53, Thank you for your response. Then I must also try my luck at the ATM ..... |
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teeth53
Supreme |
13-Aug-2006 15:03
Yells: "don't learn through life, learn to grow with life " |
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Grey mkt mah...Shares were hotly snapped up by institutional investors and other placees given it shares placement with it huge response, esp with it limitation it have to distribution all it share to it retailer interest as well as some big boys (Institutional fund) that is why it command a premium and it seem this is the one available IPO right now. |
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jessie
Senior |
13-Aug-2006 14:48
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If it is not listed yet, how come got transaction already, huh ? |
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teeth53
Supreme |
13-Aug-2006 13:59
Yells: "don't learn through life, learn to grow with life " |
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It latest px i heard is going for $0.76-$0.78 cents liao and for some other px is waiting them, hoping to touch $1.08 |
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Nostradamus
Supreme |
12-Aug-2006 21:13
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The frozen food giant is commanding a 30% premium in the pre-listing "grey" market. Shares were snapped up by institutional investors and other placees. At $0.54, the offer price translates to 11.1x FY05 earnings pre-diluted. On a fully diluted basis, PER is at 13x. Strong demand had driven the "grey" or secondary market price to as high as $0.72. |
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