Post Reply
1-20 of 23
Thks ! I nearly short it but saw it is in the upward ! Luckily did not try ! Thks again.
Hi Chipchip66, (veteran), got any luck w/ ur tikam tikam ??.
Hi knightrider, (Senior) just hope U did not short this counter. Yahh... it greu mkt oso $0.18c, same as Sino-Techfibre.
If it starts from 0.5c, then we should short it man ! Because the fair value is only 0.34c ! Good luck.
Look like it going to open up from $0.50c (+18c) just guessing oni hoh..
Looks like this IPO is luke-warm in long term. Just pressed 50 lots for obligation sake.1 positive news though, read yesterday that they are venturing into bearings for passenger car market next year. Could be a boost.
17 Oct 2006 14:57 CST DJ MARKET TALK: China Bearing IPO Too Finely Priced -
NR
1458 [Dow Jones] IPO WATCH: China Bearing (CBRG.ZZ) public offer closes
tomorrow at noon, due to list on SGX on Friday. NetResearch Asia analyst
says, "stock is too finely priced" and has S$0.34 fair value. Adds,
"valuation shows potential has been captured in the issued price already."
Company launched S$19.52 million IPO of 61 million shares at 32 cents each
to raise net proceeds of $16.7 million; 59 million shares privately placed,
while 2 million available to the public. Just 7 new IPOs in 3Q07, although
positive sentiment surrounding China listings may encourage investors.(JEM)
NR
1458 [Dow Jones] IPO WATCH: China Bearing (CBRG.ZZ) public offer closes
tomorrow at noon, due to list on SGX on Friday. NetResearch Asia analyst
says, "stock is too finely priced" and has S$0.34 fair value. Adds,
"valuation shows potential has been captured in the issued price already."
Company launched S$19.52 million IPO of 61 million shares at 32 cents each
to raise net proceeds of $16.7 million; 59 million shares privately placed,
while 2 million available to the public. Just 7 new IPOs in 3Q07, although
positive sentiment surrounding China listings may encourage investors.(JEM)
|
As this is a monthly issue, thus I am a long term member, I am offer a fee for S$30 a month, but I usually take the 6 mths offer !!! FYI.
If you are not yet a registered member of NetResearch Asia, please click here to register before paying.. |
How much does the report from Netresearch cost?
Hi,
Just buy the report from NetResearch when they publish after lunch ! Some points I do not quite understand, it stated this IPO is stagnant based on the blended PE from DCF and peer's comparison, the trading fair value for 1st day should be 0.34c only with their IPO at 0.32. The only way it relay on is the China Stock market sentimental. Thus I think this stock as compare to Sino Tech Fibre is not that good.
Pre IPO capital of 170m shares. 60m new shares will be issued. Sales grew from RMB146m in '04 to RMB202.9m last year.
tks teeth53, will tikam tikam !
China Bearing IPO 61m on offer at $0.32c of which 2m is on public offer or 3.0769% which is slightly better then Sino-Techfibre IPO 200m on offer at $0.565 of which 5m is for public or 2.5 %. Both is closing on 12 noon Wed (18-10-2006) and both is going grey at about 14c at this moment, me vested ipo on China Bearing, but will be visiting atm to try out my luck with the rest of my remaining a/c with fren and family members.
when is the closing date for this?
Phillip Cap is not strong in ipo but this will still rise due to the bullish sentiment sweeping the world.
This IPO is worth trying. Only issue is whether you are lucky enough to be allotted. Even one or two lots will earn you enough kopi money, I think.
At issue price of $0.32, its historical PE is 6.5x.
Company specializes in manufacturing bearings used in
automobiles and other machines used in China's industrial and agricultural sectors (for all industries useage as well).
It small ipo tranches of 61 miliions offer shares making it a very hoty stock may not be enough for those big boys appetite and it shares mat trade on opening day beyond it grey mkt px.
It's just my personnal opinion oni, (not an inducement to trade).
Grey market already up 14c plus plus from ipo price of 32c, starting from Friday offer.
*not an inducement to buy or sell
*not an inducement to buy or sell
Subscribe lohh...., vested in this ipo at $0.32c mah.