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make me think of Chinagaoxian dual listing in Korea. gaoxian px is also push up all the way by about 150% from around 0.18c / 0.20c, hitting a high of 0.47c , (Korean bench mark it at about 0.405c), then on upon Korea KOSPI 1st trading.
(here in SGX, it 1st day trading upon dual Korea 1st day trade, gaoxian listed in SGX px fallen of the cliff by about 0.10c or about 25% lost to 0.325c, from it last trading of 0.435c)
jamesng ( Date: 28-Jan-2011 22:09) Posted:
| Last year, it share price up 800% in thailand...then it want to list here....is it a bit risky??? It is around 20 cents a year ago.....I would rather bet on other stocks... |
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The below postings are reposted from other forumners in CNA market talk forum on this ipo
neutral ( Date: 29-Jan-2011 13:58) Posted:
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I just saw 1 forumner posted this very useful info from another stock forum, So repost his post here.
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those that apply 50 lots , they get ALL 50 LOTS!
With such HORRIBLE balloting, it will be very difficult to imagine can open above 1.20. |
If tis ipo can open above 1.20 , then it will be the most kelong ipo in spore history.
Imagine if just open a say 3 cts abv at 1.23, those tat apply 100 lots all they get 80 lots, no balloting required, that means an instant $2400 stag profit for them ..........Where got so easy money. Even in e super red-hot ipo days of 2006, the max a 100-lotter applicant can stag on 1st day with a super-difficult-to-get balloting ratio like 4:99 type is $1k plus profit only.
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Imagine if were to open at 1.30, those 100-lotter applicants all earn an instant $8000 stag profit at 9am, do u think got such easy money in this world?! 
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Alert Admin |
I just saw 1 forumner posted this very useful info from another stock forum, So repost his post here.
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those that apply 50 lots , they get ALL 50 LOTS!
With such HORRIBLE balloting, it will be very difficult to imagine can open above 1.20. |
If tis ipo can open above 1.20 , then it will be the most kelong ipo in spore history.
Imagine if just open a say 3 cts abv at 1.23, those tat apply 100 lots all they get 80 lots, no balloting required, that means an instant $2400 stag profit for them ..........Where got so easy money. Even in e super red-hot ipo days of 2006, the max a 100-lotter applicant can stag on 1st day with a super-difficult-to-get balloting ratio like 4:99 type is $1k plus profit only.
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Imagine if were to open at 1.30, those 100-lotter applicants all earn an instant $8000 stag profit at 9am, do u think got such easy money in this world?!
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if were to go up to 1.40 , then all the 100-lotter applicants will have earned an instant stag profit of $16,000 on it's 1st day, almost same as striking TOTO 2nd prize. $16,000 profit on 1st stag day, That will be a WORLD record for ipo history
do u think BBs will so easy let all the few hundreds of 100-lotter applicants earn an instant $16,000 on it's ipo 1st day?
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alianto1969 ( Date: 28-Jan-2011 21:28) Posted:
The share price should be 1.60 it downgraded it's own share price to fit in the pricing here.
Rubber industry pricing is at all time high now so this share should go UP.
1.40 after intial IPO? But thats my guess. Bought some to earn some quick buck.
The down part of this industry is
1. The plantation they wish to increase takes 5 - 8 yrs to have full harvest for the rubber trees to grow.
(60% of the ipo money is used for this.)
2. The factory facilities takes 2 years to complete cos its 3 times bigger then the existing factory.
(40% of the other ipo money used.)
So this share is not reaping anything for a looooooooong time.
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Thank you for the analysis. Expect the unexpected. Good luck to all vested investor. Gong Xi Fa Cai.
"Label","US cents per Pound"
"Jun-2010","161.74"
"Jul-2010","148.51"
"Aug-2010","150.42"
"Sep-2010","160.24"
"Oct-2010","178.02"
"Nov-2010","195.32"
"Dec-2010","215.28"
Rubber prices in 2010. that's 60$ jump from 2010 alone in six months. Inflation is approximately 10% for agro and food for 2011 so thats another 20$ jump for 2011.
Natural Rubber (NR) is probably the most important agro based
industrial raw material in the world. The price of this commodity,
which constitutes a major chunk of raw material cost of a tyre has been
on a steep rise for the last few years. Since 2009, the RSS4 sheet
variety, which is the tyre grade natural rubber, has risen nearly 2.5
times from Rs60-70 per kg to over Rs 240 per kg now. In early 2009, even as analysts were pessimistic on the ability of
the global economies to recover from the financial turmoil, firm
natural rubber prices had led the way in giving indication to the
economic recovery that was already underway, by way of automobile
demand to start with. While in some economies this auto demand was
triggered by stimulus package, resilient economies like China and India
already had a latent demand.
That's why its price jumped 800% in thailand. Cos there is no supply. And the Indians and Chinese knows it. In 2009 alone it jumped 500%!!!!!!!!!!
Well, the price of rubber shot up so it followed and the rubber industry is on shortage now too. Cos malaysia is cutting existing rubber plantation for palm trees for higher cash yield. I went africa and stayed there for 2 yrs and they are just cutting new forest land for the japanese and british to set up rubber plantation there too. 100k hectare in congo. 20k hectare in garbon. 10k in cameron and 60k in zimbabwe. but that will only harvested in 5 yrs from now. So rubber prices will be like superman for the next 3 yrs or so.
Last year, it share price up 800% in thailand...then it want to list here....is it a bit risky??? It is around 20 cents a year ago.....I would rather bet on other stocks...
The share price should be 1.60 it downgraded it's own share price to fit in the pricing here.
Rubber industry pricing is at all time high now so this share should go UP.
1.40 after intial IPO? But thats my guess. Bought some to earn some quick buck.
The down part of this industry is
1. The plantation they wish to increase takes 5 - 8 yrs to have full harvest for the rubber trees to grow.
(60% of the ipo money is used for this.)
2. The factory facilities takes 2 years to complete cos its 3 times bigger then the existing factory.
(40% of the other ipo money used.)
So this share is not reaping anything for a looooooooong time.
January 26, 2011, 12.38 pm (Singapore time) 
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Thai Sri Trang sets IPO price at S$1.20
BANGKOK - Thai rubber maker Sri Trang Agro-Industry Pcl has set an initial public offering price price for a Singapore listing at S$1.20 per share, or around 29 baht, after delays because of market volatility.
Shares in the company fell as much as 15.6 per cent on Wednesday after trade resumed following a halt since Monday. At 0431 GMT, Sri Trang shares were down 7.5 per cent from its closing price on Friday at 34 baht. The main Thai stock index was up 1.58 per cent.
The rubber producer said earlier it had cancelled the listing plan due to unfavourable market conditions after the Thai stock market tumbled. --
REUTERS |
Business Times - 26 Jan 2011
Thai Sri Trang says S'pore listing still on
BANGKOK - Thailand's Sri Trang Agro-Industry Pcl said on Wednesday that it had not scrapped a plan to list on the Singapore stock exchange and it was still negotiating an initial public offering price (IPO).
The rubber producer said earlier it had cancelled the listing plan due to unfavourable market conditions after the Thai stock market tumbled.
Sri Trang Agro-Industry Pcl said that its shares would resume trading in Bangkok from 0400 GMT (1100 local time). The company had requested that trading in its shares remain halted in Bangkok until there is more clarity on the IPO price. Earlier it had said that its shares would resume trading on Wednesday. -- REUTERS
