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China Eratat Sports Fashion IPO at 30ct
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Will this help Mr/Ms/Miss market players to decide....?. oni wish is like Hongxin...err wish i can see the crystal ball.
China Hongx CD 0.640 +0.005 0.8 4,171 (IPO-0.080) (Current px Vs ipo in % is +706.25)
ChinaSports 0.970 +0.010 1.0 315 (IPO-0.800) (Current px vs ipo in % is +22.50)
Around $10m will go towards the expansion of production capacity and facilities. Another $7m will be used to enhance the group's market presence, brand image and production development capabilities, while general working capital requirements will take up the balance.
According to China Eratat's press release yesterday, the company has been established since 1998 and is well recognised, with a network of 764 specialty stores and 629 retail outlets across China. In the year ended March 31, 2007, sales of China Eratat reached RMB286.4m ($56.6m), and net profit attributed to shareholders was around RMB40.6m. Product sales accounted for 92.9% of the group's revenue in the same period.
When asked if the weak market was a concern, co-head of corporate finance Ding Hock Chai said that China Eratat's fundamentals are sound and investors may still see value in its growth story, in a market that is gradually stabilising.
The IPO will close at noon on Apr 15, and trading is expected to start on Apr 17.
China Eratat Sports Fashion plans to raise $48.9 million. China Eratat, which makes sports shoes and apparel, said net proceeds of around $34.3 million would be used mainly to expand the firm's production capabilities and facilities.
Today market has responsed well to Mr Market Players, esp Jade, that give me some food for tot.
Currently trading at.....
Currently China honggx...is trading at +16 times net P/E compare to......
China Hongx CD 0.640 +0.005 0.8 4,171 (IPO-0.080) (Current px Vs ipo in % is +706.25)
ChinaSports 0.970 +0.010 1.0 315 (IPO-0.800) (Current px vs ipo in % is +22.50)
| Jade |
|
|
0.070 |
0.090 |
+0.030 |
+50.0 |
103,551,000 |
8,364,000 |
0.085 |
0.090 |
12,821,000 |
0.090 |
0.065 |
MFG |
SGD |
-- |
530 |
530_R |
| P30 |
UniFiber |
|
|
0.295 |
0.300 |
+0.005 |
+1.7 |
44,402,000 |
5,046,000 |
0.295 |
0.300 |
3,690,000 |
0.305 |
0.290 |
CONS |
SGD |
-- |
P30 |
P30_R |
| Z75 |
Synear |
|
|
0.720 |
0.730 |
+0.020 |
+2.8 |
25,856,000 |
278,000 |
0.725 |
0.730 |
1,887,000 |
0.740 |
0.720 |
MFG |
SGD |
-- |
Z75 |
Z75_R |
| A0G |
ChinaEnergy |
|
|
0.575 |
0.585 |
+0.015 |
+2.6 |
23,589,000 |
971,000 |
0.580 |
0.585 |
383,000 |
0.595 |
0.570 |
By looking at S China share traded currently. Well after careful tot. no risk , no gain, my Remiser ask me to pickup the offer, so i'm doing just that, look like good enuff for a STAG.
just sharing my tot and action. pls do ur home work 1st if any more info pls refer to...
Care to elaborate...any further comment certainly help....Thk Qs 1st to each and everyone here.
Today. Currently trading at.....
Currently China honggx...is trading at +16 times net P/E compare to......
China Hongx CD 0.640 +0.005 0.8 4,171 (IPO-0.080) (Current px Vs ipo in % is +706.25)
ChinaSports 0.970 +0.010 1.0 315 (IPO-0.800) (Current px vs ipo in % is +22.50)
To me isit ok to subscribe ?? as i been offer 10 lots
Currently China honggx...is trading at 16 times net P/E compare to......
| China Hongx |
CD |
0.635 |
-0.025 |
-3.8 |
43,210 |
1,337 |
0.630 |
0.635 |
44 |
0.670 |
0.630 |
MFG |
Invitation in respect of 163,000,000 Invitation shares comprising 124,883,157 New Shares and 38,116,843 Vendor Shares comprising :
(a) 8,000,000 Offers shares at $0.30 each by way of public offer; and
(b) 155,000,000 Placement shares at $0.30 each by way of placement,
payable in full on application.
Manager, Underwriter and Placement Agent (Kim Eng Capital Pte ltd)
Application closed on 12 noon on 15th April 2008 (Tues)
See page 32 for ...Invitation Statistics
Final Prospectus - Clean Copy.pdf (3385 Kb)
Historical net PER base on historical net EPS on group for FY2007 is 10.8 times.
Thk Qs