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price is a bit too high, not applying..
Hi.
is this a good stock to hold for long term, what with 2008 olympics and all?
Hi Forever,
Never mind. Think even if we get it, it will be only 1000 per pax, even tho you may apply up to 20,000. But then again, if you are applying more than that, then I can't say la... Good luck!
Just did my last min application via IB...
Something piss me off.... I transfer some ext money from other bank 3 days ago and it already showed in my Current Balance yesterday nite but I only can used up the Available Balance... Hence, I end up applied much lesse then I plan!!!!
Any way... wish every one here who apply for it..... a good luck!!!
Peace... is lunch time ^^
maybe good to buy after IPO; pricing at too high 0.95, creating mkt cap ~S$4b. If 0.7, maybe i will consider
Would it be more for long term rather?
too expensive ! another FSL TRUST kopi money also no enough ! good luck .
From NetResearch :
We refresh today our IPO Watch on Yangzijiang Ship Building (Holdings). We think the stock is richly priced at the issue but will enjoy strong support given its increased shipbuilding capacity at a time when other yards are str aining its facilities. Our view is that the issue is a Stag, at best. Read the report for our fair value.
- Yangzijiang Shipbuilding Hldgs Ltd. At best a Stag (premium)
Expensive issue price means high downside risks. Fair value at S$0.70
12 hours left for those still considering this IPO at 95cts. Sales, sales, lelong lelong 95c oni ahh....
Worth a bet not for the valuation but for the potential. China's second largest ship builder can't go wrong in the short term. Cheers! Applied for 50 too! Hope to get some kopi money!
I think this one is ho liao - may be shark's fin. Tikam for 50 lots and hope to get some for stagging.
Peace
may i know when will the results of the ipo be out?
Guangzhou Shipyard International is currently trading around 45x forward earnings. (mainland's 8th-largest shipbuilder). It is currently the only listed Chinese company in that industry.
(Apple to apple comparsion). Yangtze Shipyard, one of China's oldest and biggest shipyards, sources familiar with the deal said
Hot stock market only one on offer.
- Less than 20 mil shares available to the public
- Strong Institutional interest on the float is large enuf, long enuf (BBs vested interest)
- Strong confident, issuers is closing the issue within days of it's opening (nos of time over subscribe??)
Cost per share for founding companies = $0.01
Cost per share for strategic investors = $0.24
Cost per share for public (retail investors) = $0.95
Assume IPO px of $0.95, based on FY2006 results, u will be paying for a PE ratio of about 35 and a NAV of 4.75X.
Is this cheap? Open your BIG eyes! Dont be the fool!
CHEERS!
Personnal opinion ONLY:
Try by all mean, still got some kopi $$$, think BBs long decide-d d px liao.
Stag.
The shares offered include 662.197m new shares and 331m vendor shares. The issue size represents 30% of Yangzijiang's enlarged share capital of 3,300,897,000 shares.
It's offering 993.197m shares $0.95 each (max offering price) - 19.864m for public offer and 973.333 for international placement. The offer will raise about $943.5m.
Offering closes at noon on Thu. The final offer price will be determined after a book-building process. Trading is expected to start on Wed next week.
hi teeth,
yeah I agree that the pricing is on the high-side not much meat for small player!
Investors in our Shares will face immediate and substantial dilution in the NAV per Sahes ans may experience future dilution. (see pg 51 of 424). 
Lock up period for this four (4) major investers - 3 mths (See pg 189)
Silver Union,
Lee kian Soo (Exe Chairman of Ezra Holding)
Lyndhurst Gain ltd and
Vervain Equity Investment.