IPO   

Sin Ghee Huat

hi teeth53 , where did u get your SGH IPO prospectus from? if you dont mind, do share with us.

cheers!

 

P/e 5.66?? sounds gd to me...

 

For PER, turn to page 40 of Sin Chee huat IPO on offer...is 5.66x.

3 mil share is offer to public for subscription.

 

AsiaEntH closed 0.45c, it PER stood at 8x, previous ipo on offered is 0.27c or 66.67% in profit:`))

 

AnnAik closed 0.355c, it PER stood at 23x, Previous ipo on offered is 0.192c or 84.9% in profit., wondering what will be PER for SGH at 0.33cts??.

 

Compared with AsiaEntH AnnAik dividend payout not so exactly great leh. Granted it is ok but at current share price I doubt the yield is good. I was hoping it would drop below 30 cents but I guess I have missed that era. Nebermind will focus on this Sin Ghee Huat see how.

 

look at Annaik,they manufact,distribute and project stainless steel. A good CO. giving good div every year. "Wind" told me they will play up to $1. up to u to believe. 

cheers 

 

Stainless steel and steel is different business har? Asia Enterprises Holding , LeeMetal, BRC Asia do steel business so this Sin Ghee Huat focus on stainless steel instead? Any overlap in businesses? The name Sin Ghee Huat looks to be like those chinese family business again IPO. Poh Tiong Choon, Tiong Woon etc etc... how creative name they can think of there :P

 

Offer at 33cts, closed 12 noon, June 5, 2007 (Tues) anyone, any comment...look good to me.

 

Stainless steel products distributor Sin Ghee Huat Corp. Ltd. plans to raise up to $21 million in an IPO, a financial industry source told Reuters on Wednesday.

Sin Ghee Huat is offering 59.67 million shares -- comprising 51.9 million new shares and 7.77 million vendor shares -- at an indicative price range of $0.31 to $0.35.

UOB Asia Ltd is the manager and underwriter. Sin Ghee Huat distributes stainless steel products used in the oil and gas, marine, construction and food processing industries.