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Not really their fault though, coz the market is really illogical now. The baseline is "one should always research more and read more and use your own judgement" rather than just blindly following analyst's comments and targets. Their targets will keep changing. Good as a reference though if you really really feel like buying a stock and want some support for your decision.
Ya..'anal'yst never gets their predictions correct..i lost so much money because of their target prices, but they are just paper loss..i'll keep and hopefully it will recover someday.
According to actual quarter results sinotel's business has been consistently posting growth in profits, but the stock is not rising. The stock market now is really illogical.
See zhuge_liang's post on 2nd June.
Previously the target price was $0.49 and now Phillips Securities say the target price is 27 cents. But look at the price now. It's only 17 cents!
This is clear evidence that you cannot trust analysts!
Phillip Securities recommended "buy" for this counter with a fair value estimate of 27 cents. It seems to be well supported at 17.5 cents. Is it time to go in now?
Westcomb initiated coverage with BUY recommendation.
They believe Sinotel is poised to grow significantly in telecommunication industry characterized with unending dynamics. Based on their conservative estimate, Sinotel’s revenue will grow 23% in FY08 and 24% in FY09. By pegging to 7x PER FY08, about 24% discount of industry average PER of 9.2x, they derive a target price of $0.49.
Its been long time this sinotel break below ipo price. Any comments what happen? Not vested yet.
thx. already closed my position yesterday. bless all
is it going south?
If you hold until today, it will turn to red-wine + ice !!!
Bless all who support this counter today. Instead of kopi-o, I was given milo-peng.
Cheers and trade with care tomorrow.
Ting Tong !!! 5mins more Yet on the rise hitting 73 cents B4 profiting.
Sinotel Last:0.595 Vol:25810k 
+0.595
Still got kopi $$$ afterall the selling.
Traded Summary:
Cross our fingers and hope for the best opening.
Sometime,
Bad time!!
grey in the 60s
Ok, thanks Pinnacle
SINOTEL?S IPO OF 70,000,000 NEW SHARES RECEIVES STRONG
RESPONSE FROM INVESTORS
- IPO approximately 10.24 times subscribed based on the total Offering size of 70,000,000 New Shares
- Major investors include Penta Investment Advisers Ltd and Boom Securities (H.K.) Limited
- Trading of shares on the Main Board of the SGX-ST will commence on November 12, 2007 Singapore, November 9, 2007 ? Sinotel Technologies Ltd. (?Sinotel? or the ?Group?) announced today that its initial public offering (?IPO?) has received strong response from investors in both its Placement and Public Offer tranches. Based on the total invitation size of 70,000,000 New Shares, the IPO is approximately 10.24 times subscribed.
In connection with the listing of the Group on the Main Board of the Singapore Exchange Securities Trading Limited (?SGX-ST?), 70,000,000 New Shares comprising 3,000,000 Offer Shares and 67,000,000 Placement Shares were offered at S$0.51 each.
At the close of the application list at 12.00 noon on November 7, 2007, 14,631 valid applications were received for the 3,000,000 Offer Shares made available to the public for subscription at S$0.51 per Offer Share. In total, these applicants applied for 649,964,000 Offer Shares, with application monies received amounting to approximately S$331.5 million. Of the applications received for the 67,000,000 Placement Shares, applications for 66,990,000 Placement Shares were valid, with application monies received amounting to approximately S$34.2 million. Applications for 10,000 Placement Shares were invalid and were therefore made available for public subscription as Offer Shares.
Based on the total Invitation size of 70,000,000 New Shares and the total valid applications amounting to 716,954,000 Shares (comprising valid applications for 649,964,000 Offer Shares and 66,990,000 Placement Shares), the Invitation was approximately 10.24 times subscribed.
Sinotel?s Placement tranche also garnered strong interest from local and regional institutional investors as well as high net worth individuals.
At S$0.51 each, Sinotel is priced at a historical price earnings ratio of approximately 9.48 times, based on its historical pro forma net earnings per share of S$0.0538 for the financial year ended December 31, 2006 (?FY2006?).
Said Mr. Jia Yue Ting, Executive Chairman of Sinotel: ?We are delighted and encouraged by the support from investors for our company and growth prospects. The successful listing of Sinotel marks a new milestone and exciting phase for our Group. We will definitely work towards realising our commitment to enhance shareholder value.?
?With the injection of the IPO proceeds, we will now focus on executing our growth strategies to capitalize on the impending launch of 3G network in the PRC, as well as strengthen our market presence and position in the PRC.?
Sinotel plans to use the net proceeds of approximately S$31.7 million to be raised from the issue of 70,000,000 New Shares for the following purposes:
- approximately S$2.0 million to commercialise its proprietary 3G CDMA EV (DO) Module;
- approximately S$6.0 million to expand its presence in the mobile entertainment segment;
- approximately S$4.0 million to expand its sales and distribution network and market presence in the PRC;
- approximately S$2.6 million to expand its research and product development activities; and
- the balance for general corporate and working capital.
SAC Capital Private Limited is the Issue Manager, and UOB Kay Hian Private Limited is the Underwriter and Placement Agent for Sinotel?s IPO.
Listing and trading of Sinotel?s shares on the SGX-ST is expected to commence at 9.00 a.m. on November 12, 2007.
limhpp. You need to call your broker and ask whether placement is available for subscription.
Normally action have to be very fast.
Thanks Pinnacle,
I am also using UOB-KH. So far, my broker did not mention anything like that. That is why I am not aware I can apply placement shares. How am I going to apply?
Thanks again...
Invitation in respect of 70,000,000 New Shares as follows:
1. 3,000,000 Offer Shares at S$0.51 for each Offer Share by way of public offer; and
2. 67,000,000 Placement Shares at S$0.51 for each Placement Share by way of placement, payable in full on application.
Range of Offer Shares No. of Offer Shares allotted no. of Offer Shares No. of successful
applied for Balloting ratio per successful applicant available to the public applicants
(?000) (?000) (%)
1 1 : 99 1 0.43 13
2 to 9 2 : 99 1 2.29 69
10 to 49 4 : 99 2 15.08 227
50 to 99 6 : 99 4 13.29 100
100 to 499 8 : 99 8 47.84 180
500 to 999 10 : 99 15 10.97 22
1,000 and above 12 : 99 19 10.10 16
100.00 627
The spread of placees for the 66,990,000 Placement Shares is as follows:
Range of Placement Shares Applied for No. of Placees
(?000)
1 to 9 812
10 to 49 142
50 to 99 29
100 to 499 74
500 to 999 21
1,000 and above 11
1,089
Name of Placee No. of Placement Shares
Goldman Sachs International London* 10,000,000
Boom Securities (H.K.) Limited 6,000,000
