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when is the trading day any one?
Lock up period - six mths for major investers and Dis concerm (pg 27) and IPO ($601m- ???) (See pg 30)
Renkon Half of d profit oredi settle for and by the BBs, the other is to those lucky IPO winners.
Fight it out.
See page 10 UBS (Stabilising Mgr) up to 148,980.000 mil shares or not more then 15.0% of it total offers share, mean some thing about price stabilising effectiveness and renkon still able to smell some profit, throu.. not much on it opening unless it is huge-ly over subscribe like CTS, follow and STAG, have profit, take some and leave some for other.
| Date |
Document Type |
Document(Click to view/download) |
Document Status |
 09/04/2007 |
Prospectus |
3.1.1 Final Prospectus.pdf (5195 Kb) |
Registered |
IPO at 95 cents (max price), like that less S$200/- per lucky IPO winner, still got some kopi $$$ left for retailers lahh... if one can get two lots and above, one lor "Bo Wa" leh..(less 25/- internet traded, less 40/- thro.. remisier. Look like is for the BBs liao, small boys play no parts here.
Guangzhou Shipyard International is currently trading at around 45x forward earnings. (mainland's 8th-largest shipbuilder). It is currently the only listed Chinese company in that industry. Beijing has stated its ambition to make China the largest shipbuilder in the world within 2 years.
China is the world's 3rd-biggest builder of ships, behind South Korea and Japan.
South Korea's Daewoo Shipbuilding trades at 14x estimated 2007 earnings.
COSCO traded at $2.82 on S?pore bourses, that about 30x it PE Ratio..
let see Yangzijiang Shipbuilding Ltd IPO offer.
It was mentioned in other forum this IPO is in Sing dollar S$0.70c-S$0.90c :))
A big TQs for putting in much effort to make this IPO more interesting...
To:
zhuge_liang ,
ROI25per, yammay74 and those not mentionin names here, list quite long lah..
Hi yammay74,
Got the news from Reuters.
I think it has great potential. If it trades up to half of Guangzhou Shipyard's valuation, i.e. 25x.
For your reading pleasure, my analysis.
All calculation in RMB, my estimated share price at 50% discounted based on current EPS 0.137, 10 years period is around $3.50RMB with PE 10-15 and growth rate 30-35%. If IPO price at S$0.70, potential to double in near term or may be on debut.
|
2006 |
2005 |
% Change |
| Revenue |
2320 |
1530 |
51.63% |
| Profit |
454.3 |
283.5 |
60.25% |
|
|
|
|
| Shares |
993.2 |
30.00% |
|
|
3310.67 |
100.00% |
|
|
|
|
|
| EPS |
0.137 |
|
|
|
|
Growth Rate |
|
|
10% |
15% |
20% |
25% |
30% |
35% |
40% |
45% |
50% |
| PE |
5 |
$0.22 |
$0.34 |
$0.53 |
$0.79 |
$1.17 |
$1.71 |
$2.45 |
$3.48 |
$4.89 |
| 10 |
$0.44 |
$0.69 |
$1.05 |
$1.58 |
$2.34 |
$3.41 |
$4.91 |
$6.97 |
$9.78 |
| 15 |
$0.66 |
$1.03 |
$1.58 |
$2.37 |
$3.51 |
$5.12 |
$7.36 |
$10.45 |
$14.67 |
| 20 |
$0.88 |
$1.37 |
$2.10 |
$3.16 |
$4.68 |
$6.82 |
$9.81 |
$13.94 |
$19.56 |
| 25 |
$1.10 |
$1.72 |
$2.63 |
$3.95 |
$5.85 |
$8.53 |
$12.26 |
$17.42 |
$24.45 |
| 30 |
$1.32 |
$2.06 |
$3.15 |
$4.74 |
$7.01 |
$10.23 |
$14.72 |
$20.90 |
$29.34 |
| 35 |
$1.54 |
$2.40 |
$3.68 |
$5.53 |
$8.18 |
$11.94 |
$17.17 |
$24.39 |
$34.23 |
| 40 |
$1.76 |
$2.74 |
$4.20 |
$6.32 |
$9.35 |
$13.64 |
$19.62 |
$27.87 |
$39.12 |
| 45 |
$1.98 |
$3.09 |
$4.73 |
$7.11 |
$10.52 |
$15.35 |
$22.08 |
$31.36 |
$44.01 |
| 50 |
$2.20 |
$3.43 |
$5.25 |
$7.90 |
$11.69 |
$17.05 |
$24.53 |
$34.84 |
$48.90 |
Dear Zhu GeLiang,
May i know where you get the following information?
Yangtze Shipyard, one of China's oldest and biggest shipyards, plans to raise up to US$500 million in an IPO, sources familiar with the deal said.
Yangtze Shipyard, which is based in the coastal province of Jiangsu, near Shanghai, enters the market at an opportune time as one of its rival shipbuilders commands a high valuation due to China's booming trade.
Guangzhou Shipyard International, the mainland's 8th-largest shipbuilder, is currently trading at around 45x forward earnings.South Korea's Daewoo Shipbuilding trades at 14x estimated 2007 earnings.
Beijing has stated its ambition to make China the largest shipbuilder in the world within 2 years, and Guangzhou Shipyard is currently the only listed Chinese company in that industry. China State Shipbuilding Corp. is also eyeing an IPO. China is the world's 3rd-biggest builder of ships, behind South Korea and Japan.
COSCO traded at $2.82, that about 30x it PE Ratio.. let see Yangzijiang Shipbuilding Ltd IPO offer.
I read in Today that this is 2nd ipo to list in SGX after COSCO (shipyard). Is it comparable to COSCO ? Any comments, please.....
teeth, is the prospectus out already?
pls reminded me to applied for it.... hope that this time I won acted blur blur again!!!
FYI: It IPO offer is in US dollars and cents.
Quote zhuge_liang
Master
"over-allotment option to sell up to US$93 million"
This one I apply with all my bullets
This one, those BBs and owner should declare or show their interest, if it px at lower end, should be okk. If it at upper end offer, then even if it over subscribe 3-5x or more, d margin profit will not be that great on opening, just stay above water and enuf maybe to cover one trading commission plus a very small amount in kopi $$$.
Just sharing my tot, so far BBs hav't not...no such good news yet.
is this one worth to subscribe?
