IPO
Passion holding (China Furniture maker) IPO..25ct
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How to apply this ipo , anyone can help..thx
If after ipo, this one can trade at 40 cts, i will consider buying other similar companies.
teeth53 ( Date: 27-Aug-2009 19:40) Posted:
From 0.40 ct is for real......from the same source...UOB Kay Hian....
chewwl88 ( Date: 26-Aug-2009 06:29) Posted:
| This will be go beyond list price around $0.4~0.5 when listed (just my view)
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Source from: UOB Kay Hian...UOB Kay Hian Research Pte Ltd,
IPO Fact Sheet: Passion Holdings Ltd
Offer size
: 90.0m new shares and 36.5m vendor shares
Public Tranche
: 2.0m shares and Placement Tranche: 124.5m shares
Price
: S$0.25 Open: 21 August 2009 Close: 31 August 2009, 12.00 noon
Trading
: 2 September 2009 (on "ready" basis)
NTA/share (post IPO)
: S$0.1544
Hist PE
: 3.1x (FY09)
Mkt Cap (post-IPO)
: S$97.5m
Passion Holdings Ltd (Passion) was incorporated in Singapore in Oct 08. It is principally engaged in the design, production and sale of a wide range of handicrafts and furnishings. Its products such as wooden photos and picture frames, small rattan-wood furniture and decorative objectives can be widely used as decorations, for interior design or home furnishings.
Passion’s manufacturing facilities are located in Longyan City, Fujian Province, China, and raw materials are procured from suppliers in Fujian and Guangdong Provinces. Most of its products are exported to the UK, France, Spain, Italy, Greece, Canada and the US. The company’s exports accounted for about 90.5% and 84.1% of total revenue in FY08 and FY09 respectively.
Passion’s products are divided into five categories:
a) Rattan-wood series - storage cabinets and tea tables;
b) Bamboo-wood series - trays, umbrella pots and table flower vases;
c) Medium-density fibreboard (MDF) series - display shelves, compact disc racks and wallmounted wine racks;
d) Wood series - photo-frames and decorative frames; and,
e) Iron series - wine shelves, stationery holders and decorative pieces.
Lead Manager: Genesis Capital Pte Ltd G A P O R E
From 0.40 ct is for real......from the same source...UOB Kay Hian....
chewwl88 ( Date: 26-Aug-2009 06:29) Posted:
| This will be go beyond list price around $0.4~0.5 when listed (just my view)
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http://forum.channelnewsasia.com/viewtopic.php?p=3013424#3013424 (On ChinaEnv.....1st trading day performance)
This S-Chip has certainly initialize all China counter to wake up liao...This S-Chip shares has been placed out successfully after book making at 0.29ct...given that since many bourses like in KLSE, China and SGX is via-ing for a smaller pie, will this S-chip be the 1st to here in SGX be more successful on opening trading come morning 27th August 2009 ? and it has....Kudos to UOB Kay Hian doing a good job. Looking to another positive outlook for Passion Art...IPO...closing on 31-8-2009 (Mon). teeth53 ( Date: 22-Aug-2009 09:36) Posted:
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This will be go beyond list price around $0.4~0.5 when listed (just my view)
how can i buythe shares ? through wat bank ?
bh704428 ( Date: 26-Aug-2009 00:11) Posted:
| anyone wanna share his guess on tis ipo's likely opening price range? |
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anyone wanna share his guess on tis ipo's likely opening price range?
NOVENA lahh....into action. 67,430 lots changed hand
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NOVENA |
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0.100 |
0.120 |
+0.015ct |
+14.3% |
67,430,000 |
150,000 |
0.115 |
0.120 |
286,000 |
0.140 |
0.100 |
Nowander Cacola in action.
Passion holding (China Furniture maker) is IPO-ing on offering at 0.25cts each. 2 million shares to public and 124.5 million shares is place out to institution. It hopes to rise S$31.6 million.
It offer come in on Monday and close at noon on 31-08-2009.
Trading of the shares is expected to start on Sept 2 - CNA
she will be as hot as mary
teeth tot: Passion Arts. Would be better response then Latitude offer as she did not offer to public, in the case of PEC..it oso offer 2 million shares, the same as Passion.
Yes, it depends on the company's values... some companies will allot a higher percentage to retail investors as they do not "take care" of its "kakis".. you think all are so-called insttutions - some could be associates, employees etc,,
IPO r for them to make money mah, they buy before u get ballot. they sell just before you know wehter you get your share. over sub. they sell higher. no over sub. they push. facts of life lah.
smartrader ( Date: 22-Aug-2009 09:44) Posted:
| Again, instituion investors will make a pile as they will push up the price on first day and also sell....only 2 million to public |
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Again, instituion investors will make a pile as they will push up the price on first day and also sell....only 2 million to public
Back ground till today IPO-ing... this year.
PEC offer 0.40cts, scored 0.84cts or 110% profit
Mary Chia offer 0.23cts, scored 0.275cts or 19.57% profit and
Latitude (Vietnam Furniture maker) offer 0.22cts, scored 0.26cts or 18.18cts profit, meanwhile
Passion holding (China Furniture maker) is IPO-ing on offering at 0.25cts each. 2 million shares to public and 124.5 million shares is place out to institution. It hopes to rise S18.6 million.
It offer come in next Monday and close at noon on 31-08-2009.
| Underwriter: |
UOB Kay Hian Private Limited |
| Issue Manager: |
Genesis Capital Pte. Ltd |
http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/8DC21609D5091548482576190022AFEE/$File/Passion%20-%20Prospectus%20(clean)(2009%2008%2021).pdf
