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If this one today IPO, everyone will huat, cause all will short it until upside down ! LOL
Please take note Mewah does not own any plantation, they are just processing crude palm oil into edible oil, if crude price increase, their margin will be badly affected, that's what happening right now, crude palm oil is increasing in line with other commodities, so Mewah is doing an exit strategy, Mewah is very unlikely to pass the increase in crude price to end consumers as they are targeting low end consumers, tell me who is using palm oil to cook at home? Have you heard of Oki brand? Hehe...good luck to those have vested, the only thing can save you now is market sentiment
They said due to the two big IPO previously, IPO trend waning.........Good Luck...
james87 ( Date: 21-Nov-2010 22:05) Posted:
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subscribed...lets see how ...
Maybe first day trading will be under water.
No confident to apply.
angmohlin ( Date: 21-Nov-2010 13:08) Posted:
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PE ratio of 16.29% (based on 8 months results) is so high as compared with current market PE of 13-14 times.
When no investors subscribe, let the underwriters
carry the baby, hahaha
EXPENSIVE DON't BUY LOR.
lol... expensive and cheap are meaningless words when applied to stocks...
unlike the word direction, which is full of meaning, and money...
I'll concentrate my gunpowder elsewhere. This is a bit pricey for me. Might as well go for other palm oil plays.
expensive? (Yes -a little) is it worth it? - (STAG - just my personnal opinion, why ? - set at lower ipo px)
While information is always distinctively late and trading always coming in fast and ferocious at the fore. (This one is ahead - one day early). Forming very own decision wisely is as difficult as finding a pin in the ocean. (To each it own, hope U chose d right choice...Happy trading..Ya.)
| Genting SP | GenSp starts to move up again |
The starting at low px is over (started last Friday with a element of some surprise), if not opening at buyer px - force buyers to take margin (narrow trading band) and go on profit taking (I mean BBs taking profit) and thus allowing smaller players to buy at higher px and await to sell higher high, for 2 cent gain - Co's small boy bot small volume. BBs can take profit even at half a cent (0.05cent or even at 0.025 cent.)
teeth53 - just giving my personnal opinion, as there r as many others may have alot to differentiate it as well.
Sounds expensive? is it worth it?
For more info on Mewah IPO. http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/F68113BD7B12F64D482577DD001E2A9B/$File/Prospectus%20-%20Clean.pdf
http://www.businesstimes.com.sg/sub/companies/story/0,4574,413387,00.html?
Published November 16, 2010
(SINGAPORE) Palm oil refiner Mewah International has priced its US$214 million initial public offering (IPO) in Singapore below an indicative price range, sources said, as the deal was hurt by the recent sell-off in markets.
The palm oil firm's IPO follows a string of successful IPOs in Singapore, such as the US$3 billion listing of Global Logistic Properties (GLP) and Mapletree Industrial Trust's (MIT) about US$720 million IPO.
Unlike Mewah, GLP and MIT were priced at the top of their indicative range, a sign that appetite for IPOs may be waning after the two large listings in October.
Mewah priced its IPO at S$1.10 a share, two sources familiar with the deal said yesterday, against an indicative price range of S$1.25-S$1.55 each.
Credit Suisse is the sole global coordinator and joint bookrunner with BNP Paribas.