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Hi 178investors, didn't really take the time to look at Minzhong. You mean Temasek is part of its investors?
it's very hard to venture how ipo stocks will perform initially where big spore govt invt entities are involved in it. this is because with big bros like gic or temasek with big stakes in it, analysts often dont want to offend them so will usually give favourable coverage to such ipos.
look at recent example tiger airways which is temasek controlled. despite majority of participants knowing its crazy valuation, so far you dont see a single analyst giving a valuation lower than its ipo. everyone wants to be in temasek's good book. need more business and future recommendations from big bro.
so for minzhong, guess they will tell you it is very good also lor. cannot offend gic mah. so may be minzhong another tiger airways liao. you decide.
At S$1.20, new investor is paying almost 100% premium. There is also drought in PRC, the worst in a century.
S$
Offering Price per Share 1.20
NAV per Share as of 30 September 2009, before adjusting for the Offering 0.51
Increase in NAV per Share attributable to the Offering 0.14
NAV per Share after the Offering 0.65
Dilution in NAV per Share to new investors 0.55
Dilution in NAV per Share to new investors as a percentage of Offering Price 45.8%
Some people said that it would debut between $1.25 to $1.65.
S$1.20 for fOOd is nOt cheapO ? ? ? ?
Synear is Only S$0.310
Pac Andes is Only S$0.385
With this few big supporter around, i think it can stay above water, at least for a start. STAG in my own view.
teeth53 ( Date: 07-Apr-2010 19:45) Posted:
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Tricky here. Don't know want to apply China Mingzhong or not.
Thank you!
Ha ha, comrade, both app close at 12pm, Spore time.
sarsar ( Date: 08-Apr-2010 09:14) Posted:
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Hi...IPO closing at what time today?
Thanks!
Ha ha, dear comrade, AK gut feeling lah, base on a bit market sentiment as well.
No venture no gain, small token for fun liao, dun wack any how mah. Though I like tikam, but dun like to tikam in casino, go there only for beer n relax, esp cruises. Cheers.
bh704428 ( Date: 08-Apr-2010 00:25) Posted:
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why do u think debao likely to open above it's ipo price? all the postings on tis debao ipo seems very bearish .
I'm still a bit undecided whether wanna whack 100 lots for debao or not? will decide tmr morning
AK_Francis ( Date: 07-Apr-2010 21:35) Posted:
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Well, invest in d IPO at this moment, not a bad idea siang. Had tikam both Cache n Debao, to test luck loh. Could be better than tikam 4 D or Toto. If both miss, roll d money to d new palm oil coy loh. Hmm, a bit exp than Kencana leh, looking ard first, see got more indept report on it or not, no hurry.
Oh yes, I like this IPO!
investment ( Date: 07-Apr-2010 20:31) Posted:
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Hi guys,i dun think it wise to buy this china shares,but this coming fri there will be a new IPO dealing with palm oil at 0.43 to 0.49,an indonesia company GLOBA PALM OIL>
Anyone interested. good luck.
http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/FB393AF2CEA41977482576FE00286EFB/$File/2 (a)%20-%20Prospectus%20dated%207%20April%202010.pdf
teeth53 ( Date: 07-Apr-2010 19:45) Posted:
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http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/FB393AF2CEA41977482576FE00286EFB/$File/2(a)%20-%20Prospectus%20dated%207%20April%202010.pdf
Offering (subject to the Over-allotment Option) in respect of 197,344,000 ordinary shares comprising 119,602,000 New Shares and 77,742,000
Vendor Shares as follows:
(i) 9,867,000 Public Offer Shares at S$1.20 for each Public Offer Share by way of a public offer in Singapore; and
(ii) 187,477,000 Placement Shares at S$1.20 for each Placement Share by way of placement.
Co-Lead Manager and Co-Placement Agent (OCBC Bank)
Joint Issue Managers, Joint Underwriters and Joint Lead Managers (J.P.Morgan. Kim Eng Finance and Macquarie)
Sole Global Coordinator and Sole Bookrunner (J.P.Morgan)
Joint Financial Advisers (J.P.Morgan and Kim Eng Finance)
Since 1971
CHINA MINZHONG FOOD
CORPORATION LIMITED
(Incorporated in Singapore on 9 March 2004,
Company Registration No: 200402715N)
Offering (subject to the Over-allotment Option) in respect of 197,344,000 ordinary shares comprising 119,602,000 New Shares and 77,742,000
Vendor Shares as follows:
(i) 9,867,000 Public Offer Shares at S$1.20 for each Public Offer Share by way of a public offer in Singapore; and
(ii) 187,477,000 Placement Shares at S$1.20 for each Placement Share by way of placement.
Co-Lead Manager and Co-Placement Agent (OCBC Bank)
Joint Issue Managers, Joint Underwriters and Joint Lead Managers (J.P.Morgan. Kim Eng Finance and Macquarie)
Sole Global Coordinator and Sole Bookrunner (J.P.Morgan)
Joint Financial Advisers (J.P.Morgan and Kim Eng Finance)
Since 1971
CHINA MINZHONG FOOD
CORPORATION LIMITED
(Incorporated in Singapore on 9 March 2004,
Company Registration No: 200402715N)
I correct it, I think mention this not in MDR, may be one of the recent IPO post !I believe this is one of the big supplier in China on vegetables and also Pork, hope I am correct ! I don't know do they supply pork as well, may be read up the prospectus ! But definitely GIC take up ! Good Luck.
B4 this went IPO, I already mention in MDR !!!!
Go and buy as much as you want, you know that after Indonesia pork got problem, our Gov is already frighten once. I believe Gov has a new big farm in China. And you read the Prospectus, the GIC has taken a substantial amount of stock in this listing ! Hope this will help you decide in investing ! Good Luck.
any views on this ipo