IPO   

Sin Ghee Huat

No need to regret selling...

No one knows it will go up some more... :)

 

At IPO price of $0.33, PE of 5.66, EPS is 5.83cents. At current price of 0.56, PE~9.60.

Comparing Sin Ghee Huat with its peers:

Annaik: Current price of $0.36; EPS of 1.19cents; PE~21.05

BRC: Current price of $0.22; EPS of 0.77cents; PE~28.32

HG Metal: Current price of $0.46; EPS of 4.88cents; PE~9.41

HupSteel: Current price of $0.61; EPS of 2.89cents; PE~21.05

It seems that the industry average PE is 20x. Accordingly, SGH is undervalued using PE. At PE~20, target price for SinGheeHuat is $1.16. It also appears that HG Metal is undervalued.

Prospect-wise, HG Metals deals with end customers in the construction, engineering and shipping industries whereas SGH is in the oil and gas and petrochemical, marine, construction & food processing industries. Industry-wise, SGH seems a much better company to invest for the next 5years due to both the oil and gas and petrochemical, marine and construction boom. What is your opinion? HG Metal or SGH is better?

If I enter now at the price of $0.56, there?s an upside of 107%. Even with a target price of $1.16 and using Ben Graham/Warren Buffet?s safety of margin say at 2/3, TP is $0.77, giving me an upside of 37.5%, 20cents safety stock profit.

What do you think? What are your opinions/comments from the experienced and senior members?

Thanks!

 

teeth ur a good guy. Me too sold too early. but humans are greedy so must control

 

 

Sold 48c lahh...too happy to letgo at this price, always leave some for others, in this case a lot more.

 

 

hmm...this one played me out too. I sold too early lol.

 

80.30% Current Price vs IPO Price...

no wonder teeth53 smile is enlarge. ^^ 

 

Thank to all well wishes.

(Teeth) I applied for 30lots in range of 10-49 lots, and got 3 lots.

 

Rated based on it low 5.6 times PE ratio. Over subscribed by 20.35x with more then 17,000 (thousand) application money value at approximately $382.13 million, plus it attractiveness of steel propriotries products.

This share will open it trading on heavy buying and selling is likely to hit between 8 to 10x it PE ratio or from about 45 cents plus, plus. Just my guess oni hohh.....

Good luck and wishes all buying in d open mkt make ton of money too. 

 

congrat to Mr teeth53 the king of IPO in SJ ^^

I got no luck as well 

 

I applied 101 lots in returd lost $2 !! no luck !!

 

teeth applied for 10-49 lots, and got 3 lots. congrats!

i applied for > 49 lots, but got zero. good luck to those selling tomorrow for a profit :)

 

din kena again!

 

Hi iTeeth! I IPO-ed 3 lots too! Does it mean that I will get 3 lots too?

 

hi teeth53, congrats!

u meant u IPO-ed for 3lots and got those 3lots?

 

http://159.43.254.157/sgxnews/sgxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20070606:SGX_51201

Hope it help.........Good luck to all vested lucky IPO winners. Yahh...

 

Hehehe !!! Got 3 lots applied for.....wondering what is d grey price ??.

 

tomorrow shall be the DAY!

I long long time never kena IPO already liao... going to lose hope.

 

will the IPO results be out by tonight?

 

sorry I was referring to the post by HowardLeong...
the sequency is bit jumper up... sorry causing any confusion on your side...
just talk 'bird' bit aft lunch ^^

HowardLeong Member	Posted: 05-Jun-2007 08:25
x 0 x 0	heavy family management business with limited education background but good experience....