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Very busy week for SGX next week - TP $11.50 by Credit Suisse (15 Oct).
Business Times - 16 Oct 2010
GLP, Mapletree trust seen surging on debut
TWO industrial property IPOs worth about US$3.7 billion are expected to surge when they debut in Singapore next week, thanks to their high yield and exposure to China's fast-growing economy.
Global Logistic Properties (GLP), the logistics unit of Singapore sovereign wealth fund GIC, is set to raise up to S$3.9 billion in Singapore's second-largest initial public offering. Its shares could jump by up to 10 per cent when they debut on Monday as the company is viewed as a good proxy for China's exponential trade growth, analysts said.
Units in Mapletree Industrial Trust, which owns factories and other industrial properties in Singapore, meanwhile, may rise to as much as S$0.99 on their first trading day on Thursday, 6.5 per cent higher than the offer price of S$0.93, according to the median forecast of five analysts polled by Reuters. The listing could raise as much as S$940 million.
The IPOs hit the market within days of each other, but analysts say there is enough liquidity to digest both since GLP and Mapletree Industrial, a property trust linked to Singapore wealth fund Temasek, appeal to different investors.
Got to admit that ang moh CEO is more than good. Fresh ideas good connections make things happen ...
Always like SGX but not vested this round. What a miss!!
Is way above it fair value. Have to be very careful.The price is quite volatile at the current level..
Reached $10.00, next------$11.00,,$12.00, $13.00 $14.00..........sky high limit.
Jackpot2010 ( Date: 14-Oct-2010 15:03) Posted:
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If a counter listed in SGX fluctuate so much, they will starting asking questions to that company. Have anyone wonder, who will query SGX for their share price movement?
$9.95 +25c - WILL SURPASS $10! ahead of kepcorp
SGX hit all-time high $16+ on 8 Oct 2007 when STI >3800. Nobody had expected it to jump 9 fold from listing price of $1.10 (Nov 2000) to $9.70 today (14 Oct). Compare this to some red chips - after listing they drop dead. Difficult to say whether $16 will repeat again but between $9.70 to $16 is high likelihood for a MONOPOLY like SGX.
lifeline03 ( Date: 14-Oct-2010 15:21) Posted:
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is it too late to get it at this current price or whould i wasit for it to drop a little?
$9.63 now! ex-div 15.75c still going UP...
J Y Pillay made SIA a world class airline.
He will make SGX a world class exchange.
Everything world class, Singapore world class........hahaha!
Jackpot2010 ( Date: 07-Oct-2010 14:00) Posted:
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Remember CLOB? Someone ask Chairman JY Pillay at AGM this morning. His reply was positive - SGX is open to any collaboration with KLSE like former CLOB. This could happen as relationship between the 2 sides has vastly improved after Dr M departure. IF CLOB resumed then SGX will break record $16!. Angmo CEO also mention some new initiatives on the pipeline, not clear....something to do with more Nasdaq listed ADRs coming to SGX (in addition to those Chinese-ADRs just announced).
Wow...Congrats, you make a bundle.
Eddyson ( Date: 06-Oct-2010 19:33) Posted:
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I bought $4.28, but only 3 lots.....my last few bullets.
niuyear ( Date: 30-Sep-2010 12:01) Posted:
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Yes, very very bullish after today breakout at $9.30 cheong all the way! Luckily still holding very tight since entered last month. Today add on more at $9.34, closed high $9.48!! Congrats to all who catch it. 
SGX bull run!
lots of people already smiling now, :)
Jackpot2010 ( Date: 06-Oct-2010 12:17) Posted:
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Look at the new high 9.44! More upside.. $10 coming.
Remember Richman says he only wants to sell only at $14.
Hold on to it.
Profits are unlimited!!
Remember to donate!!
Jackpot2010 ( Date: 06-Oct-2010 12:17) Posted:
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$9.35 + 18c! Tomorrow AGM everyone smiling.
testing new higher high.