IPO   

China Angel Food launced ipo at 35ct

Sharkfin or Birdnest, Err..Sharkfin for RH Energy, Birdnest  is for China Angel..

http://159.43.254.157/sgxnews/sgxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20070712:SGX_11191

 

It is 14.3x over subscribed and it 5 mil public share on offer is over subscribe by 98x amount to $485.7 mil...

http://159.43.254.157/sgxnews/sgxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20070712:SGX_21201

 

Hi chipchip66,

RH ipo opening went above my expectation grey price of 65c or went beyond my expectation of 100% premium in profit. Is now on slight profit taking before moving again on oil&marine play. 

Another Birdnest soup coming....China Angel Food ipo..35c. 1st day on offer, grey is somewhat +25c, now i really don know liao. CAF grey really don know lehh. Just my guess, may open at about 68c to 70c, based on just read Below following,...

Ha ha ha !!! really cannot miss this, just look at RH Energy, it offer px..32c. Opening at 73.5c, trading to a high of 90.5c. B4 it closed at 87c. A premuim of 171.88% in profit on 1st day.

 

teeth53	Posted: 05-Jul-2007
* Alert Admin	Quote: "Food industry in China... chinese like to eat... PER at 11.2 based on FY2006... this one not to be missed". Maybe on opening trade, it cheongg..to 20x or even 22.4x ??. Me tompang on other vested BBs fortune...vested 5 lots.

FYI: Both got good kopi money to make from stagging......
ChinaAngelfood IPO 35c. Closed-July 11, (Wed-12noon). Trading is expected...13Jul (Fri).
RH Energy IPO 32c closed-July 9, (Mon-12noon),. Trading is expected on July 11, (Wed)

 

shouldn't be too bad... a small try of luck

 

Moon cake celebration coming err..another one with sharkfin not to be miss, closing on coming Wed 12noon. Small capital, big gain, vested 5lots.

Like R H Energy opening price, this one oso open about d same price as RH Energy. Just watch... Expecting RH to open btw 60c to 65c.

 

See chart Hotung has spike up and on profit taking....while F-1 is quiet expensive on it ipo.

Splits:none

Last Trade: 0.175 USD Trade Time: 12:11PM SGT Change: 0.01 (6.06%) Prev Close: 0.165 Open: 0.17 Bid: 0.17 Ask: 0.175 1y Target Est: N/A

Day's Range: 0.165 - 0.175 52wk Range: 0.105 - 0.155 Volume: 3,783,000 Avg Vol (3m): 1,856,950 Market Cap: N/A P/E (ttm): N/A EPS (ttm): 0.00 Div & Yield: N/A (N/A%)

 

but difficult to get leh,hi teeth53 do u noe abt hotung kindly advise

 

Woww....someone from other forum mentioned 70c coming lehh, if it true..Huat huat lohh.

 

Ting ! Tong ! this one i heard from my remisier got at least 50% (double digit kopi money) upon opening for trading lehh, look and sounded very quiet, moon cake don sounded so hot, may have get more chance for me to make more money.
IPO at 11.2x, targeting TP 16.8x, one road to prosperity



China Angel food IPO. Closing July 11, (Wed-12noon). Trading is expected...13Jul (Fri).



R H Energy IPO closing on July 9, (Mon-12noon),. Trading is expected on July 11, (Wed)



 

 

More Moon cake coming....35c ipo. Hmm.....+175c premium. U believe it or not !! I do. 

 

This one targeting at least 50% profit premium to 16.8x......just my tot. "Yat Loo Fatt"..one road to Prosperity

 

Quote: "Food industry in China... chinese like to eat... PER at 11.2 based on FY2006... this one not to be missed".

Maybe on opening trade, it cheongg..to 20x or even 22.4x ??.

Ha ha ha !!! really cannot miss this, just look at China Sunsine on it 1st trading day..39c. Opening at 55.5c, trading to a high of 595c and a low of 525c B4 it closed at 53c. vested 5,000 shares.

 

 

The Guangdong-based company sees Singapore as a base for regional expansion. China Angel is offering 103.8m shares at $0.35 each, representing 32.4% of its enlarged capital of 320m shares.

Based on net earnings of RMB37.7m for FY06, the shares are priced at a PER of 11.2x. The IPO issue comprises 80m new shares and 23.8m vendor shares. 5m shares are for public subscription, with the remainder for placement.

Under its flagship brand 'Angel', China Angel sells mooncakes, pastries and snack foods to the high-end market in China.

Revenue grew at a CAGR of 79.9% from RMB32.8m for FY04 to RMB106.2m for FY06. Net profit grew from RMB5.5m for FY04 to RMB37.7m for FY06.

 

Pardon me for asking a stupid question, but I would like to know how can we obtain a placement shares? I am still a novice in shares trading. Thanks.

 

INDICATIVE TIMETABLE FOR LISTING

2 July 2007 Open of Invitation

11 July 2007, 12.00 noon Close of Application List

12 July 2007 Balloting of applications, or otherwise as may be approved by the SGX-ST (in the event of an over-subscription for the Offer Shares)

13 July 2007, 9.00 a.m. Commence trading on a ?ready? basis

 

(a) 5,000,000 Offer Shares at S$0.35 each by way of public offer; and

(b) 98,800,000 Placement Shares at S$0.35 each by way of placement

through public placement, chances very low.

Higher chance if get through placement.

Food industry in China... chinese like to eat... PER at 11.2 based on FY2006... this one not to be missed.

 

This ipo counter is so quiet....hmm. maybe more chance to get it.

 

Underwriter:	Kim Eng Capital Pte. Ltd.	Registered Date:	02/07/2007
	Issue Manager:	Kim Eng Capital Pte. Ltd.

List of Associated Documents

You need Acrobat Reader to read the PDF Files

Date Document Type Document(Click to view/download) Document Status 02/07/2007 Prospectus ChinaAngelFood-(Final).pdf (7534 Kb) Registered

More Moon cake coming.........