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zujzuj :
giving the current climate, even if u apply u might not get it. IPOS are hot now. If u get it, u r very lucky, cos u sure make money. period.
Malaysian Plastic Packaging Firm Run by a Japanese-born Businessman. Dato' Seri Fumihiko Konishi to this part part of the world 38 years ago. Can never be wrong to go for an IPO in S'pore
Texchem -Pack is launched it IPO yesterday to raise S$9.5 mil for it company, a subsidiary of Malaysia conglomertr Texchem Resources, which was listed on the KL stock Exchange in 1993.
Texchem issued 29.9 mil new shares priced at S$0.40 cents apiece, or 7.4 times its earnings for last year. (Going forward FY-06 it PER can be even less).
It will represent 25% of it enlarged share capital. Of these 26.9 mil is for institutional investors and 3 mil or 10.033% is for retail investors,
DBS Bank ipo managed as manager, underwriter and placement agent.
FYI: (small float). I am visiting ATM again to collect some small kopi $$$, my personnal opinion oni hohh....
Somehow after reading the prospectus... I don't feel too encouraged abt it. It lists down a lot of risk factors to its profits such as increase in price of raw materials, loss of major customers, dependent on output of semiconductor industry etc, which sound very real to me.
Hmmm.....
I can apply for the IPO with DBS vickers tmr but still mulling over it ....
Any views / comments ....
The IPO comprises of a retail tranche of 3 mln shares and a placement tranche of 26.85 mln shares.
Texchem-Pack, which packages electronics, said the estimated net proceeds of 9.5 mln sgd would be used to expand and upgrade its manufacturing facilities, strengthen its research and development capabilities and provide for general working capital requirements.
The IPO closes on Oct 31 and trading is expected to begin on Nov 2.
The company's earnings in the past three years have been volatile, its net profit falling to MYR2.81 mln in 2004 from MYR5.54 mln in 2003 before rising sharply to MYR11.52 mln last year.
In the first half of this year, its net profit rose to MYR8.62 mln from MYR6.03 mln a year before.
Buoyed by warming IPO recently mkt sentiments.
DBS Bank ipo managed as manager, underwriter and placement agent, while KPMG Singapore and KPMG Malaysia are its reporting accountants and auditors.
Texchem-Pack launched its offer IPO prospectus with the Monetary Authority of S,pore (MAS), listing on the SGX!!, a M,sia-based plastic packaging firm. A subsidiary of Penang-based Texchem Resources Berhad (TRB), which is listed on the Malaysian bourse, Texchem-Pack was incorporated as a pte limited company in S,pore 3 years ago.
It has core operations in M?sia, with production facilities in
Looking ahead, it plans to have more research and development into packaging products for the medical industry, as it anticipates a growing demand for medical services. It is also exploring opportunities in the car industry in
Its revenue for yr-05 was RM201.7 million (S$87.4 million), up from RM136.9 million the previous year and yr-03's RM131.5 million.
Net profit reported for yr-05 was RM11.5 mil, 4times that of FY2004's RM2.8 million, and twice that of yr-03's RM5.5 million.
Texchem-Pack is led by Penang-based Exe Chairman Fumihiko Konishi, who also heads the parent company TRB.
Principal bankers are HSBC M?sia, CIMB Bank, Malayan Banking, RHB Bank and Southern Bank.
FYI: It IPO come with certain risk, ur $$, ur decision
Packaging firm Texchem-Pack Holdings, which focuses on Southeast Asia and China, said it plans to raise close to $12m in an IPO.
The Singapore-based company said it would sell a total of 29.85m new shares at $0.40 a share, or 25% of the enlarged share capital.
It plans to use the proceeds to expand capacity, according to
its prospectus.
So anyone of you gg for this IPO ?
DILUTION:
Dilution is defined as the amount by which the issue Price paid by subscribers of the invitation Shares pursuant to this invitation exceeds our NAV per Sharer immediately after the invitation.
The NAV of our Company as at
Pursuant to the invitation in respect of 29,850,000 New Shares at the issue Prices, our NAV per Share, after adjusting for the estimated net proceeds from the invitation and based on the post-invitation issued share capital of 119,400,000 Shares, would have been 23.9 cents. This represents an immediate increase in NAV per Share of 2.5 cents to our existing Shareholders and an immediate dilution in NAV per Share of 16.1 cents or approximately 40.3 per cetn to new investors.
The following table illustrates this dilution per Share: Cents Issue 40.0
NAV per Share as at
Increase in NAV/Share attributable to existing Shareholders 02.5cts
Adjusted NAV per Share after the invitation 23.9
Dilutions in NAV per Share to now public investors is 16.1
wow.. IPO at 0.40.
is it too expensive? but i saw they guarantee 50% dividend.. dont know how true it is.....
Subscribe, small float, small kopi $$$ coming...............
Opening on 26-10-2006 (9:00 am)
Close on 31-10-2006 (12 noon)
Balloting start on 1-11-2006
Commence trading on 2-11-2006 (9:00 am)
Integrated Packaging SOlutions Provider.
http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/97DA79A4CE4AC81148257212002B40D2/$File/Texchem-Pack%20Holdings%20(Final%20Prospectus%20dated%2025%20October%202006)%20Clean%20Copy.pdf