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STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING (THE "OFFERING") OF SHARES
("SHARES") REPRESENTING UNDIVIDED INTERESTS IN AMTEK ENGINEERING LIMITED
Pursuant to Regulation 3A(13) of the Securities and Futures (Market Conduct)
(Exemptions) Regulations 2010, we, Morgan Stanley Asia (Singapore) Pte., the Stabilizing Manager in respect of the Offering, hereby announce
that we have, either as principal or through dealers on our behalf, purchased the following number of shares in Amtek Engineering Limited.
Date of Purchases: 3 December 2010
Total number of Units purchased: 800,000
Price Range of Purchases: S$1.01 to S$1.03
SGX listed - Amtek 3rd trading day.
For illustration.
http://forum.channelnewsasia.com/viewtopic.php?p=4065198#4065198
(note date)
( Date: 01-Dec-2010 23:11-Wed) Posted: Opened $1.05
(Still on a high side), then goes up a little, then end of the day, stock goes for more profit taking.
Posted: Thu Dec 02, 2010 8:15 pm. After T+5 and after 30days - forgotten stock counter.
teeth53 - Another round coming, diving lower aft T+5 trading period when over, expecting to go lower after this initial support ammo run out.
03-Dec-2010 - 1st 2mins (1.04 to 1.03), next 1.02>1.01 by 12:30pm, 14:00 till after 5pm - last done at $1.01c.
| Amtek |
CPF |
|
1.040 |
1.010c |
-0.020c |
-1.9% |
Vol-4,507,000 |
1,189,000 |
1.000 |
1.010 |
173,000 |
1.040 |
1.000 |
Opened 1.05c, 1st few mins, went 1.01c/1.02c, then lower to 0.995c, b4 recover to closed of $1.03c (unchanged)
| Amtek |
CPF |
|
1.050c |
1.030c |
|
|
Vol-24,544,000 |
3,000 |
1.020 |
1.030 |
454,000 |
1.050 |
0.995 |
The Stabilising Manager may over-allot Shares or effect transactions which may stabilise or maintain the market price of our Shares at levels above those that would otherwise prevail in the open market. Such transactions may be effected on the SGX-ST and in other jurisdictions where it is permissible to do so, in each case in compliance with all applicable laws and regulations, including the Securities and Futures Act, and any regulations thereunder. Such transactions may commence on or after the Listing Date, and, if commenced, may be discontinued at any time and shall not be effected after the earlier of
(i) the date falling 30 days from the Listing Date or
(ii) the date when the Stabilising Manager (or its appointed agent) bought, on the SGX-ST, an aggregate of 30,000,000 Shares, representing 15.0% of the total Offering Shares, to undertake stabilising actions.
teeth53 ( Date: 01-Dec-2010 23:11) Posted:
Classic trading patten applied to force punters to buy up buying from a dollar onward.
Another round coming, diving lower after T+5 days trading period is over, expecting to go lower after this initial support ammo run out.
1.00 to 0.985c, then goes up a little, then end of the day such stock goes for more profit taking.
Amtek opened >$1/-, hit >0.985c low, then hit >S1.07c/08c (after this -goes on profit taking) and
end at a low of $1.01c/$1.02c, b4 pushing it higher to closed at $1.03c. Vol - 75,737,000m shr |
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PDF 1: AMTEK ENGINEERING LTD (Miscellaneous :: Stabilization Trades In Respect Of Amtek Engineering Ltd)
http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20101202:nSNC221011
Morgan Stanley Asia (Singapore) Pte., the Stabilizing Manager in respect of the Offering, hereby announce that we have, either as principal or through dealers on our behalf, purchased the following number of shares in
Amtek Engineering Limited.
Date of Purchases: 2 December 2010
Total number of Units purchased: 2,030,000
Price Range of Purchases: S$1.00 to S$1.04
| Amtek off 1.9%; Valuation not enticing: Kim Eng |
| WRITTEN BY DOW JONES & CO, INC |
| THURSDAY, 02 DECEMBER 2010 14:31 |
Amtek Engineering (M1P.SG) off 1.9% at $1.01, extending 20.8% loss yesterday on debut, as investors still wary of contract manufacturer’s IPO valuations.
But downside likely limited with Morgan Stanley Asia helping to stabilise share price. Underwriter bought 8.3 million shares at $0.99-$1.05 each yesterday, expected to continue purchase during Amtek’s first month of listing if price weakens further. With $1.30/share IPO price translating to 4.1x P/B, “valuation appeared relatively expensive,” says Kim Eng Securities; “with an abundance of (technology) stocks trading at attractive valuations, we can see why Amtek did not find favour with investors.”
Prefers InnoTek (M14.SG), which trades at 9.2% dividend yield, UMS Holdings (558.SG), which trades at 6.2x P/E. Orderbook quotes suggest yesterday’s $0.985 intraday low not likely tested.
|
haha ya same price
have you covered your shorts?
i understand that there are stabilizing trades to be done...
but at what price and at what kind of volumes?
Without underwriter and stabilising manager,
the share price could be very low by now.Let
them carry the baby lol. With them around
for the time being, avoid shorting.
cut loss on small long position then take larger short position. hopefully go down to 0.98
smilingchuan, u seems to be confused, at first u say worth to buy, then u r shorting..u r contradicting ur own comment, what happen? amtek or amtui?
smilingchuan ( Date: 02-Dec-2010 15:46) Posted:
really lousy stock... short it..
short position 125 lots at 1.01 |
|
really lousy stock... short it..
short position 125 lots at 1.01
well supported at 1.01...
might have chance to chiong above 1.04 if bb come in to buy.
22% lower than ipo price..
good buy
Amtek can invest or not? now at 1.02... ipo at 1.30...
possible to rally to ipo price haha
1st 5mins >$1.05c, next on profit taking > >one dollar again.
| Amtek |
CPF |
|
1.050c |
1.000c |
-0.030c |
-2.9% |
Volume - 4,297,000 |
teeth53 ( Date: 01-Dec-2010 23:11) Posted:
Classic trading patten applied to force punters to buy up buying from a dollar onward.
Another round coming, diving lower after T+5 days trading period is over, expecting to go lower after this initial support ammo run out.
1.00 to 0.985c, then goes up a little, then end of the day such stock goes for more profit taking.
Amtek opened >$1/-, hit >0.985c low, then hit >S1.07c/08c (after this -goes on profit taking) and
end at a low of $1.01c/$1.02c, b4 pushing it higher to closed at $1.03c. Vol - 75,737,000m shr |
|
Ha ha, AK opines that most of d forumers were well informed fr all d sifus in d forums on ds IPO burger earlier on, being impending submarine result. Tks sifus.
Classic trading patten applied to force punters to buy up buying from a dollar onward.
Another round coming, diving lower after T+5 days trading period is over, expecting to go lower after this initial support ammo run out.
1.00 to 0.985c, then goes up a little, then end of the day such stock goes for more profit taking.
Amtek opened >$1/-, hit >0.985c low, then hit >S1.07c/08c (after this -goes on profit taking) and
end at a low of $1.01c/$1.02c, b4 pushing it higher to closed at $1.03c. Vol - 75,737,000m shr
Gd luck Nickyng!
Btw, when is this counter getting listed?
nickyng ( Date: 25-Nov-2010 21:45) Posted:
definitely worth several $hort$ !! :P hee....
AnthonyTan ( Date: 25-Nov-2010 20:28) Posted:
This Co. was previously listed and subsequently taken private.
Now coming back to be listed again at a IPO px. of $1.30 per
share. Is it worth a bet?
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Shall not apply.
Else u may end up getting the full allotment if no one is interested. u would be trapped if it tank on opening.
Be careful. Market is not in the mood now for any IPO.
