Highlights

IPO Malaysia

Author: kltrader   |   Latest post: Mon, 2 Jan 2017, 05:11 PM

 

IPO - Serba Dinamik Holdings Berhad (SERBADK)

Author: kltrader   |  Publish date: Mon, 2 Jan 2017, 05:11 PM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.50
Par Value: RM 0.50

Dates:
Offer Period Open: 30 Dec 2016
Offer Period Close: 19 Jan 2017
Tentative listing date: 8 Feb 2017

Number of shares:
Public Issue: 271,400,000
Offer for Sale: 118,000,000
Private Placement: -

Stock Code: SERBADK

Official Announcement

INITIAL PUBLIC OFFERING (IPO) OF UP TO 389,400,000 ORDINARY SHARES OF RM0.50 EACH IN SERBA DINAMIK HOLDINGS BERHAD (SERBA DINAMIK HOLDINGS) (IPO SHARES) COMPRISING AN OFFER FOR SALE OF UP TO 118,000,000 EXISTING SHARES (OFFER SHARES) AND A PUBLIC ISSUE OF 271,400,000 NEW SHARES (ISSUE SHARES) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 1,335,000,000 ORDINARY SHARES OF RM0.50 EACH IN SERBA DINAMIK HOLDINGS (SHARES) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD IN THE FOLLOWING MANNER:

(A) INSTITUTIONAL OFFERING OF UP TO 341,300,000 IPO SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (INSTITUTIONAL PRICE); AND

(B) RETAIL OFFERING OF 48,100,000 ISSUE SHARES TO THE ELIGIBLE DIRECTORS AND EMPLOYEES OF SERBA DINAMIK HOLDINGS AND ITS SUBSIDIARIES AND THE MALAYSIAN PUBLIC, AT THE RETAIL PRICE OF RM1.50 PER SHARE (RETAIL PRICE), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND THE OVER-ALLOTMENT OPTION.

THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (I) THE RETAIL PRICE OF RM1.50 PER ISSUE SHARE; AND (II) THE INSTITUTIONAL PRICE, SUBJECT TO ROUNDING.

Company Overview

Serba Dinamik Sdn Bhd provides integrated engineering, contracting, and maintenance services. The company also offers system integrator/packager, operation and maintenance, trading, training, and information technology services; and procurement, construction, and commissioning services. It serves customers worldwide. The company was founded in 1993 and is based in Shah Alam, Malaysia.
 
Address & Contact:

7-5, Pusat Dagangan UMNO Shah Alam
Lot 8, Persiaran Damai
Seksyen 11 Shah Alam, 40100 Selangor, Malaysia

Phone: +603 5511 3213
Fax: +603 5511 3212
Website: http://www.e-serbadk.com

 

News: Serba Dinamik listing to be biggest in 19 months

PETALING JAYA: Serba Dinamik Holdings Bhd’s plan of raising close to RM600mil from its initial public offering (IPO) comes at a time when there is a dearth of IPOs.

The energy services group’s listing on Feb 8 marks the country’s biggest listing in 19 months.

The largest Malaysian IPO this year was by Ranhill Holdings Bhd for RM386.8mil through a reverse takeover, according to Reuters data.

Malakoff Corp Bhd and Sunway Construction Group Bhd raised RM2.74bil and RM550mil, respectively, in May and July 2015.

Through its public issue, Serba Dinamik Holdings aims to raise total gross proceeds of RM407.1mil, of which about 73.69% of proceeds will be used for the expansion of the group’s business and operational facilities, and about 7.20% for working capital.

A further 14.74% of the proceeds will be utilised for repayment of bank borrowings/financing while the balance of 4.37% will be allocated to defray estimated listing expenses.

The company, which is issuing up to 389.4 million shares at an issue price of 50 sen each, is offering for sale up to 118 million existing shares and 271.4 million new shares.

Of this, 153.5 million will be allocated to bumiputra investors, 187.78 million to institutional investors and the remaining 48.1 million to retail investors.

RHB Investment Bank Bhd and Affin Hwang Investment Bank Bhd are the joint principal advisers, joint bookrunners and joint underwriters, while AmInvestment Bank Bhd and Kenanga Investment Bank Bhd are joint underwriters for the IPO.

RHB Investment Bank is also the managing underwriter for the listing exercise.

Serba Dinamik, which launched its prospectus yesterday, said in a statement that it had experienced rapid growth over the past three years, particularly in the Middle East, which contributed 47.3% to its total revenue in 2015.

“The downturn in oil prices over the period has also led to asset owners turning to companies like Serba Dinamik for cost-effective solutions, thus strengthening its revenue at a compounded annual growth rate of 61.8% from RM536.2mil in 2013 to RM1.41bil in 2015.”

In the same statement, group managing director and group chief executive officer Datuk Dr Mohd Abdul Karim Abdullah said the company had started to embark on its asset-ownership business model with its first compressed natural gas plant located in Muaro Jambi, Sumatra, Indonesia.

He said the company had two ongoing memorandums of understanding for the partnership agreement to develop small gas power plants and water utilities in East Kalimantan with the local government district development body.

The agreement will also involve the joint development and ownership of a small gas power plant in Muaro Jambi, Sumatra, Indonesia with a local government-owned power corporation.

“In addition, we are looking at opportunities to grow our business through investment and acquisition, but not limited to maintenance, repair and overhaul service providers and small hydropower generation companies that can potentially add value to our existing business operations.

“The successful investment and acquisition will potentially generate an incremental revenue stream for the group while enhancing our competitive advantages within the industry,” he added.
 

  moneyseeker likes this.
 
kuachi1337 Brent crude at $57 good indication for this stock. After OPEC and non-OPEC cut production this sure fly
09/01/2017 14:23
omightycap See our review on this stock in the link below...

https://omightycap.wordpress.com/2017/01/12/ipo-serba-dinamik-holdings/

We think its a good company but the operating conditions are not favorable
12/01/2017 09:58
JediMaster Anyone applying the IPO?
12/01/2017 19:33
damagpie I am applying. Oil and Gas stocks have good sentiment now. Should do well this IPO plus financials are good.
12/01/2017 19:45
azdrichwork2002 Good stock to invest
12/01/2017 21:25
JediMaster Not sure if i should apply the IPO....
15/01/2017 09:15
kuachi1337 Applied...better than KIP anyways
17/01/2017 10:40
Pavillion Mediocre or Potential bungkus.
17/01/2017 19:35
1288 applied too
18/01/2017 15:36
kuachi1337 Public IB target price RM2.05. Hope can get good allocation
19/01/2017 11:43
Pavillion Lot of Institutions do not want to subscribe to another O & G stocks.They had enough and still stuck with pre 2015 price. They do not have mandate to invest in this sectors....they can't have too big exposure in one particular sector. I think will have hard time to push... plus too big issuing...for now.
19/01/2017 12:33
moneyseeker Heard that KIP is only oversubscribed by 5x? I applied to Serba I think more worth while from long term perspective. Maintenance services market could be relatively more stable/less volatile compared with property market
19/01/2017 12:44
hhc8 Fair Value:
1. RM2.05 - RM2.25 (RHB Investment Bank)
2. RM1.90 (TA Securities)
3. RM1.60 - RM1.77 (Affin Hwang)
4. RM2.05 (Public Investment Bank
19/01/2017 15:39
Contender Heard BFM Morning grill this morning with their Group CEO sounds convincing and good, macam boleh ... PE8x.
19/01/2017 15:53
sohaistock wa this UMNO kaki so panai....last week baru created one official website haha.
Matang MCA kaki ady raised fund with 0.13 offering price....UMNO kaki now raise fund with offering price 1.50 (wow...the gap of MCA and UMNO so big leh haha)
Both raise fund for election purpose :D Hope that you guys can get the return from the operating of election hahahhahhaha
20/01/2017 08:17
hisehatu 2017, rise of O&G stock. TP : RM1.75 easily.
23/01/2017 11:53
Mohd Fahmi Bin Jaes LATEST NEWS, CORPORATE
Serba Dinamik’s IPO shares for public oversubscribed by nearly five times
By Sulhi Azman / theedgemarkets.com | January 23, 2017 : 8:25 PM MYT
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (Jan 23): Engineering and energy services firm Serba Dinamik Holdings Bhd, which is en route for a listing on Bursa Malaysia with what has been touted as the biggest initial public offering in 19 months, saw the 26.7 million public allocation of its IPO shares oversubscribed by 4.96 times.

Its joint book runners — RHB Investment Bank Bhd and Affin HWang Investment Bank Bhd — have also confirmed that the institutional offering of 341.3 million IPO shares have been oversubscribed too, it said in a press statement today.

It detailed that the public portion’s oversubscription rate was based on a total of 10,017 applications for 159 million new shares, of which 5,742 applications were for 77.86 million shares for Bumiputera investors, which represents an oversubscription of 4.83 times of the 13.35 million shares it allocated to these categories of investors.

As for the public category, it obtained 4,275 applications for 81.15 million issue shares, which represents an oversubscription rate of 5.08 times.

“Following the completion of the book-building exercise, the institutional price was fixed at RM1.50 per IPO share. Accordingly, the final retail price was also fixed at RM1.50 per IPO share,” said Serba Dinamik.

To be listed on the main market on Feb 8, Serba Dinamik intends to raise gross proceeds of some RM407.1 million from the issuance of 271.4 million new shares, the bulk of which will be used to expand its business.

Serba Dinamik had, on Dec 30, 2016, announced that its IPO entails the offering of 389.4 million shares, comprising an offer for sale of some 118 million existing shares and the issuance of 271.4 million new shares.
25/01/2017 15:12
Mohd Fahmi Bin Jaes Monday, 23 January 2017 | MYT 11:19 PM
Serba Dinamik’s public issue shares oversubscribed five times
BY M. HAFIDZ MAHPAR

image: http://www.thestar.com.my/~/media/online/2016/05/11/11/32/corporate-may16.ashx/?w=620&h=413&crop=1&hash=F45652C313A60FC7F90E0C4EF7F1CDF6A1981F62


KUALA LUMPUR: Energy services group Serba Dinamik Holdings Bhd’s public issue of 26.7 million shares under its initial public offering has been oversubscribed by 4.96 times.

Malaysian Issuing House Sdn Bhd (MIH) said in a statement that 10,017 applications for 159.0 million shares were received for these reserved shares, which were offered at RM1.50 apiece.

A total of 5,742 applications for 77.86 million issue shares were received for the bumiputra category, representing an oversubscription of 4.83 times.

Under the public category, 4,275 applications for 81.15 million shares were received for an oversubscription rate of 5.08 times, MIH said.

The IPO involves the issuance of up to 389.4 shares, with the retail offering amounting to 48.1 million shares and the institutional offering comprising up to 341.3 million shares.

It was reported that Serba Dinamik aimed to raise total gross proceeds of RM407.1mil, of which about 74% would be used for the expansion of the group’s business and operational facilities.

Serba Dinamik provides engineering solutions to the oil and gas and power generation industries.

The company’s tentative listing date on Bursa Malaysia’s Main Market is Feb 8.

Read more at http://www.thestar.com.my/business/business-news/2017/01/23/serba-dinamiks-public-issue-shares-oversubscribed-five-times/#FgptApEQFKOzDC3r.99
25/01/2017 15:15
azdrichwork2002 Easy to get to...Rm 190..with the O n G becoming more stable
30/01/2017 23:47
02/02/2017 12:33
damagpie http://www.theedgemarkets.com/my/article/serba-dinamik-posts-3q-profit-rm4466m-ahead-listing

3Q profit. No comparison so Im not sure if its increased or not? Anybody got input?
06/02/2017 16:45
hisehatu don't expect so mu ch fluctuate on 1st day listing. IPO nowadays have no passion. However this counter might hit TP within a month if market good.
07/02/2017 10:01
kingofong buy
07/02/2017 10:30
1288 eps for q3 is now 4.2 sen, good!
07/02/2017 11:40
Mohd Fahmi Bin Jaes Public IB Research values Serba Dinamik at RM2.05

Author: moneyKing | Publish Date: 18 Jan 2017, 9:16 AM

By theedgemarkets.com / theedgemarkets.com | January 18, 2017 : 9:00 AM MYT

KUALA LUMPUR (Jan 18): Public IB Research has valued Main Market-bound Serba Dinamik Holdings Berhad (Serba Dinamik) at RM2.05, pegged to an 11.0x PE multiple, based on our FY17F EPS of 18.6 sen.

In a note today, the research house said Serba Dinamik’s main activities include operations and maintenance (O&M) services and engineering, procurement, construction and commissioning (EPCC) works.

“Going forward, we expect growth to be driven mainly by its core activities, focusing on international markets such as the Middle East regions while leveraging on its expertise to expand into the power generation sector as an asset owner, contractor and operator.

“We are therefore valuing Serba Dinamik with a fair value of RM2.05 pegged to an 11.0x PE multiple, based on our FY17F EPS of 18.6sen.
07/02/2017 18:52
08/02/2017 08:28
selangensem http://www.theedgemarkets.com/my/article/oil-extends-losses-after-api-reports-huge-us-crude-build
08/02/2017 08:40
hhc8 all brokers wrong. over valued this stock average 2.00. Time to buy?
08/02/2017 09:02
speakup look like going to close below IPO price 1.50
08/02/2017 09:12
Joehary Ahmad apart from Shale oversupply, cant think why opening so bad. maybe its time to buy? financial looks GOOD.im buying
08/02/2017 09:58
speakup buy if u are willing to hold for few months or years. limited upside for now.
08/02/2017 11:15
speakup IPO holders trying to get out for small profit. This will cause price overhang for next few days.
08/02/2017 11:15
speakup in fact, this Serba IPO reminds me of Bplant IPO at 1.60 2 years ago. Bplant was also very highly promoted by the IB, then on listing day, it opened and closed at a small premium to IPO. then 2nd day onwards, it went below IPO price dropped to about 1.40. Only this year, Bplant is above IPO price.
08/02/2017 11:19
Contender Mohd Fahmi Bin Jaes every other post also one word SELL" but över here heavily promoting SerbaDK.
08/02/2017 11:30
Sarawakians Then must support him. If checked last year all main board IPO give good return.

Posted by Contender > Feb 8, 2017 11:30 AM | Report Abuse
Mohd Fahmi Bin Jaes every other post also one word SELL" but över here heavily promoting SerbaDK.
08/02/2017 11:40
speakup LAI LIAO!!!!
LAI LIAO!!!!
LAI LIAO!!!!
08/02/2017 11:50
speakup GORENG JUST STARTED!!!!!
LOAD UP BOYZ!!!!
08/02/2017 11:51
speakup INI KALILAH!!!!
08/02/2017 11:52
speakup LAST CHANCE TO BUY SERBA CHEAP!!!
THIS FRIDAY WILL BE 1.80!!!!!
08/02/2017 11:55
speakup REBBBBBBBBBUUUUUUUUUUTTTTTTTTTT!!!!!!!!!!!
08/02/2017 11:56
speakup close eye......BUY!
open eye......BUTA MONEY IN YOUR HANDS!!!
08/02/2017 11:58
damagpie Dont any of you realize that the latest Q result is not 3 month but 4 month results? Nothing fantastic at all about the results. Whats the diff only 1 extra month counted you might ask. 1/3 more is 33% difference...
08/02/2017 13:51
hisehatu Trust me you can't earn big money today. Sell it, an investors always there to buy.
08/02/2017 14:05
1288 u sell i buy haha
08/02/2017 15:42
1288 http://bblifediary.blogspot.my/2017/02/serbadk.html
found this quite good, the revenue for 9MFY16 should actually be RM1.42 billion
10/02/2017 14:54
azdrichwork2002 http://bblifediary.blogspot.my/2017/02/serbadk.html?m=1
11/02/2017 08:06
Joehary Ahmad damagpie yes the 3rd Qtr results shown was for 4 mnths only i.e. jun - Sept 16(4 months !). add 3 more qtrs (or 8 months in this case, shud get to the EPS arnd 13.5 to 15 for FYE16. mutiply by earnings mutiple of 13(PE 13X 13.5 = RM1.76 at least i wud think. looks cheap compare to uzma & deleum. thats it im buying more. yes small time player oni hahah
13/02/2017 14:54
azdrichwork2002 Today close 1.68, tomorrow will be higher
14/02/2017 19:43
azdrichwork2002 Don't lost to buy this counter..... potential TP 1.90
14/02/2017 19:44
azdrichwork2002 Yes today already 170...
16/02/2017 17:11

IPO - KIP Real Estate Investment Trust (KIPREIT)

Author: kltrader   |  Publish date: Mon, 2 Jan 2017, 05:01 PM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.00

Dates:
Offer Period Open: 30 Dec 2016
Offer Period Close: 16 Jan 2017
Tentative listing date: 6 Feb 2017

Number of shares:
Public Issue: 13,500,000
Offer for Sale: -
Private Placement: 220,650,000

Stock Code: KIPREIT

Official Announcement

INITIAL PUBLIC OFFERING OF 234,150,000 OFFER UNITS IN KIP REIT ("UNITS") COMPRISING THE ISSUANCE OF:

(I) 220,650,000 OFFER UNITS MADE AVAILABLE FOR APPLICATION BY MALAYSIAN INSTITUTIONAL INVESTORS AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY, AT THE INSTITUTIONAL PRICE BEING THE PRICE PER UNIT PAYABLE BY THE INVESTORS WHICH WILL BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND

(II) 13,500,000 OFFER UNITS MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC, THE ELIGIBLE DIRECTORS AND EMPLOYEES OF THE MANAGER, THE VENDORS (AS DEFINED IN THE PROSPECTUS) AND ELIGIBLE ASSOCIATE COMPANIES OF THE PROMOTERS (AS DEFINED IN THE PROSPECTUS) AT THE RETAIL PRICE OF RM1.00 PER UNIT PAYABLE BY APPLICANTS ("RETAIL PRICE"), SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISION IN CONNECTION WITH THE LISTING OF AND QUOTATION FOR 505,300,000 UNITS IN KIP REIT ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

THE RETAIL PRICE IS PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE. THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (I) THE RETAIL PRICE OF RM1.00 PER UNIT; AND (II) THE INSTITUTIONAL PRICE.

Company Overview

KIP Real Estate Investment Trust operates as a real estate investment trust. The Company offers its services in Malaysia.
 

News: KIP REIT expects to raise RM234m from IPO

KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT), which is en route to a listing on the Main Market of Bursa Malaysia Securities, is expected to raise RM234.2 million from its initial public offering (IPO).

The proceeds will be used mainly for the acquisitions of KIP REIT’s initial portfolio consisting of five KiP Marts – in Tampoi, Kota Tinggi, Masai, Senawang and Malacca – as well as a neighbourhood retail centre known as KiP Mall in Bangi. The assets are valued at RM580 million and have an average occupancy rate of 85% and above, with a yield of 6.54%.

KIP REIT’s IPO of 234.15 million offer units comprises the issuance of 220.65 million offer units (43.7%) for institutional and selected investors at a price to be determined by way of bookbuilding and 13.5 million offer units (2.7%) for retail investors at RM1 per unit.

Based on the enlarged share capital of 505.3 million units, the total market capitalisation of KIP REIT upon listing is estimated to be RM505.3 million.

It is the intention of KIP REIT’s manager KIP REIT Management Sdn Bhd to distribute up to 100% of KIP REIT’s distributable income for FY17 and FY18 and thereafter at least 90% of KIP REIT’s distributable income on a half-yearly basis.

KIP REIT Management CEO Lim Han Gie said its focus on hybrid (traditional wet market and conventional shopping centre) community-centric retail centres that cater to communities’ need for fresh produce and daily essentials, coupled with its diversified tenant base and strategic geographical locations in growing catchment areas, are what make KIP REIT attractive.

“KiP Mart is differentiated from the normal retail markets. We focus on the daily essentials. Although many people think the retail market is softening, our focus is on essentials and necessities, so we’re not that affected,” Lim said after launching the prospectus last Friday.

He said the targets of KIP REIT could be achieved through the optimisation and asset enhancement by the management. The manager has the “right of first refusal” to expand KIP REIT in the future, through the acquisition of other KiP Marts in Johor, Penang, Pahang, Kedah, Selangor and Negri Sembilan.

KIP REIT’s gross rental income for the past three financial years has been growing steadily from RM48.30 million in 2014, RM51.63 million in 2015 and RM53.00 million in 2016. It posted a net property income of RM32.76 million in 2014, RM38.27 million in 2015 and RM42.24 million in 2016.

Upon listing, KIP REIT’s debt-to-asset ratio will be 14.8%, which is below the average Malaysian REIT of 32% as at Sept 30, 2016. This will allow KIP REIT to undertake borrowings for future acquisitions or asset enhancement.

KIP REIT’s retail offering will close on Jan 16. It is expected to list on Feb 6.
 

  James Yeo likes this.
 
Amit Khindriya Buy buy buy
02/01/2017 18:50
Bruce88 What is the expected div yield, anyone ?
02/01/2017 19:22
moneyseeker am considering this one as well in addition to serba, but i think growth in O&G is more sustainable than REIT's. KIP div yield is 6+%, div yield for serba should be more than 10% and their EPS is strong
03/01/2017 12:00
chong932 If you check the last Reit IPO, Al-Salam Reit, in year 2015, then you will realize how risky it is to subscribe Riet IPO. Al-Salam Reit was traded below IPO price on 3rd day. Must avoid!
04/01/2017 00:35
omightycap We've just posted a review for this IPO and think its a good buy... Have a look!

https://omightycap.wordpress.com/2017/01/05/ipo-kip-reit/
05/01/2017 23:33
azdrichwork2002 Good potential
06/01/2017 06:19
hisehatu when balloting result came out?
20/01/2017 08:51
James Yeo We think that KIP REIT IPO is a no-no. You can find out why here: http://www.smallcapasia.com/4-things-you-should-know-about-kip-reits-ipo/
22/01/2017 21:56
azdrichwork2002 Target listing price rm 1.05 to 1.10
04/02/2017 21:37
write2sam4 got 1.07 pun sudah happy boleh pergi hongkong
06/02/2017 08:55
Kay 99c :)
06/02/2017 16:29
Contender what an embarrassment for IPO to tank like that on the 1st day
06/02/2017 16:41
cptdina overpriced IPO..will go down some more before stabilizing, then after that movement depends on their next quarterly report.
07/02/2017 17:05

IPO - HLT Global Berhad (HLT)

Author: kltrader   |  Publish date: Tue, 27 Dec 2016, 02:28 PM


Listing Detail:
Listing Sought: Ace Market
Issue Price: RM0.45
Par Value: RM 0.10

Dates:
Offer Period Open: 20 Dec 2016
Offer Period Close: 28 Dec 2016
Tentative listing date: 10 Jan 2017

Number of shares:
Public Issue: 39,591,000
Offer for Sale: 34,309,000
Private Placement: 58,701,000

Stock Code: HLT

Official Announcement

(I) PUBLIC ISSUE OF 39,591,000 NEW ORDINARY SHARES OF RM0.10 EACH IN HLT GLOBAL BERHAD ("PUBLIC ISSUE SHARES") COMPRISING:-

(A) 13,199,000 PUBLIC ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; AND

(B) 26,392,000 PUBLIC ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY VIA PRIVATE PLACEMENT;

(II) OFFER FOR SALE OF 34,309,000 ORDINARY SHARES OF RM0.10 EACH IN HLT GLOBAL BERHAD ("OFFER SHARES") COMPRISING:-

(A) 2,000,000 OFFER SHARES MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF HLT GLOBAL BERHAD AND ITS SUBSIDIARY; AND

(B) 32,309,000 OFFER SHARES MADE AVAILABLE FOR APPLICATION BY SELECTED INVESTORS VIA PRIVATE PLACEMENT, AT AN ISSUE/OFFER PRICE OF RM0.45 PER PUBLIC ISSUE SHARE/OFFER SHARE PAYABLE IN FULL UPON APPLICATION

IN CONJUNCTION WITH THE LISTING OF HLT GLOBAL BERHAD ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD

Company Overview

HLT Global Berhad, through its subsidiary, HL Advance, engages in the design, fabrication, installation, testing, and commissioning of glove-dipping lines. It also provides upgrading and modification works for glove-dipping lines; and supplies and trades in associated parts and components. The company’s customers include rubber glove manufacturing companies involved in the production of natural and/or synthetic rubber gloves used across various industries comprising medical, industrial, and food processing industries. It supplies glove-dipping lines in Malaysia, Indonesia, Thailand, China, and India. The company was founded in 1990 and is headquartered in Puchong, Malaysia.
 
Address & Contact:

No.6, Jalan Industri Mas 7
Taman Mas Puchong, 47130 Selangor, Malaysia

Phone: +603 8068 3616
Fax: +603 8068 4618
Website: http://www.hladvance.com

 

News: HLT Global aims to raise RM17.8mil from IPO

KUALA LUMPUR: Glove-dipping lines manufacturer HLT Global (HLTG) Bhd aims to raise gross proceeds of RM17.8mil from its initial public offering (IPO).

Executive director Chan Yoke Chun said 51% of the proceeds would be predominantly used for capital expenditure, including for the acquisition of land and construction of a factory in southern Klang Valley.

"The proposed land acquisition and factory construction are pursuant to our plan to set up a new factory.This will enable us to increase production capacity to capture more business opportunities in the future," she said at the launch of the company's prospectus in conjunction with its proposed listing on the Ace Market of Bursa Malaysia, here today.

Chan said the remaining proceeds would be utilised for research and development (8.42%), working capital (27.59%) and estimated listing expenses (13.47%).

The IPO exercise involves 39.6 million ordinary shares, 13.2 million shares for the Malaysian public, 26.4 million shares for Bumiputera investors.

In addition, two million shares will be made eligible for the directors and employees of HLTG and its subsidiaries, while 32.31 million shares will be offered to selected investors.

Under the IPO, the company is making a public issue of 264 million new shares at an issue price of 45 sen each, which in turn will have a market capitalisation of RM118.8mil.

Application for the public issue will be closed on Dec 28, while the company is due to list on Jan 10, 2017.
Later at a press conference, Chan said the company planned to expand into Vietnam next year in the quest to tap into the potential market.

"From our research, Vietnam is a good place to invest because we can see a lot of people (businesses) going there, including (investors) from China and Taiwan," she said.

Besides Malaysia, the company has presence in Thailand, Indonesia, India and Saudi Arabia.

HLTG's order book currently stood at RM69mil which will keep the company busy until end of 2017.


On the weakening of ringgit, Chan said it has no significant effect on the company's revenue as 70% of its raw materials was purchased locally, while the remaining percentage was imported from countries like China, Denmark and Singapore.

"In fact, when we export our goods we would be turning a profit as we utilise the US dollar in our operations," she said, adding the company held 26.6% market share in industry revenue - Bernama.
 

  Be the first to like this.
 
lee77 Can buy???
27/12/2016 15:20

IPO - Matang Berhad (MATANG)

Author: kltrader   |  Publish date: Tue, 27 Dec 2016, 12:19 PM


Listing Detail:
Listing Sought: Ace Market
Issue Price: RM0.13
Par Value: RM 0.10

Dates:
Offer Period Open: 19 Dec 2016
Offer Period Close: 03 Jan 2017
Tentative listing date: 17 Jan 2017

Number of shares:
Public Issue: 130,000,000
Offer for Sale: -
Private Placement: -

Stock Code: MATANG

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING PUBLIC ISSUE OF 130,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN OUR COMPANY FOR APPLICATION BY THE MALAYSIAN PUBLIC AT AN ISSUE PRICE OF RM0.13 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

Company Overview

Matang Berhad is an investment holding company operating through its subsidiary that develops real estate properties. Matang Berhad was incorporated in 1978 and is based in Johor Bahru, Malaysia. Through its subsidiary, Matang Holdings Berhad, the company  engages in the management of oil palms plantation estate, sale of fresh fruit bunches, and property investment holding activities. Its total plantation area comprise of 1,082.1 hectares of plantation estate land located in Johor.
 
Address & Contact:

Suite 905, Level 9, City Plaza
21, Jalan Tebrau, Johor Bahru, 80300 Johor, Malaysia

Phone: +607 276 3933
Fax: +607 276 3533
Website: http://matangholdings.com.my/

 

News: Matang to raise RM16.9m from IPO, offers shares at 13 sen each

KUALA LUMPUR: Plantation company Matang Bhd expects to raise RM16.90mil from its listing on the ACE Market of Bursa Malaysia Securities Bhd.

Under the listing exercise, Matang is issuing 130 million new shares of 10 sen each made available to the Malaysian public at the offer price of 13 sen per share.

Based on the enlarged issued and paid-up share capital of 1.81 billion shares and the IPO price or 13 sen per share, its market capitalisation would be about RM235.30mil upon listing. Matang’s listing is tentatively scheduled for Jan 17, 2017.

Speaking at the launch of the prospectus on Monday morning, Matang chairman Datuk Teh Kean Ming said he is optimistic about the company’s prospects due to the positive outlook for the plantation industry.

“Matang expects to see some of its oil palms which were replanted over the past a few years ago to start yielding optimal level of FFB production in the near future.

“Coupled with the current crude palm oil (CPO) at over RM2,900 per tonne and industry expectations of the average CPO price of above RM2,700 next year, the board believes there is potential for growth prospects for Matang,” he added.

Of the RM16.90mil to be raised from the listing exercise, RM11.92mil or 70.5% would be used mainly for general working capital to finance Matang and its subsidiaries’ day-to-day operations over the next five years.

Also RM2.55mil or 15.1% would be used for capital expenditure to boost its operations of Matang estate, RM250,000 (1.5%) for replanting  to improve the oil palm trees age profile and the remaining RM2.18mil (12.9%) would be to defray the listing expenses for the IPO.

Teh said out of the proceeds of RM11.92mil for day-to-day operational expenses, about RM9mil would be used over the next five years for purchase of fertilisers to ensure Matang’s oil palms yield an optimal level of fresh fruit bunches (FFB).

He added the replanting expenditure for Matang over the next two years would cover the purchase of the high quality “Felda Yangambi” line of germinated seeds, purchase of topsoil for the palm seedlings, land clearing expenses and costs associated with the preparation of the palm groves where the seedlings are to be planted.

Matang uses the “Felda Yangambi” line of germinated seeds as it has historically generated higher FFB yield and is also preferred by palm oil mills for the ability to produce FFBs with higher oil extraction rate.

Teh also said the palm oil industry and its plantation segment have the full support of the Malaysian Government, which has singled out palm oil as one of the main sectors to help Malaysia achieve developed nation status by 2020.  

Matang’s oil palm trees are generally replanted when they are above 24 years old and are low yielding and for that, Matang has targeted to replant 16.4 hectares of its plantation area in 2017 as it seeks to improve the age profile of its oil palm trees.

It will take about four years before its replanted oil palm trees mature and start producing FFBs.

This reflects the group’s commitment to maintaining a low average age profile of its oil palms to ensure majority of the oil palms are within peak production ages of between five and 20 years.

As at 30 June 2016, only 16.4 hectares, or about 1.5% of Matang’s total oil palm plantation area, is with oil palm trees which had reached 21 years and above, i.e., past its peak production age and thus producing less FFB.

M&A Securities Sdn Bhd is the adviser, sponsor and underwriter for the IPO exercise.

-- TheStar Online
 

Labels: MATANG
  Be the first to like this.
 
beso ace market again,better don't touch
27/12/2016 13:19
Fam Jenny It has large aceage of oil palm estate near the town in Tangkak,Johore.
27/12/2016 13:33
Super_SKL Issue Price: RM0.13
Par Value: RM 0.10

3 cents pun mau tipu! Tapi pun ada orang "rela ditipu".
27/12/2016 15:23
詹植芝 buy and sell in the first week lo...earn fast $$...saya rela kena tipu..
30/12/2016 22:04
chong932 Most likely, opening price below IPO price or small premium. High risk low return. IPO may under subscribe too. Must avoid !
31/12/2016 23:12
speakup MCA counter.....AVOID!
Matang will be just like FGV (umno counter)
31/12/2016 23:17
FX Lee http://matangholdings.com.my/wp-content/uploads/2016/12/Photo-2-1-Briefing-@-Tangkak-on-11-Oct-2016-For-Assistance-in-relation-to-Transfer-of-MHB-Ownership.jpg
03/01/2017 14:42
TY828 MCA got advantage to convert land to commmercial use?
03/01/2017 14:58
Pedestrian Aiya, I already applied only see this topics, now I hope not allotted to avoid on board the pirate ship...
03/01/2017 20:37
詹植芝 so if DAP counter then should buy a lot la...don't everything also related to politic la...Malaysian Chinese
06/01/2017 13:52
ampabella dont care what mau is this, pak mau, hei mau or Hong mau, A mau that can tangkap the big tikus is a good mau
07/01/2017 15:51
racingkit above mostly negative feedback , but Matang still over subscribed 4-5 times ipo , boleh ? may be CPO at peak now ? usd$600 ( nearly ) , but fgv with huge asset for CPO , unexpected price....
08/01/2017 18:15
cheated EPS 0.04 sen latest QR. Annualised EPS 0.16 sen. If fair PE 10 TP 1.6 sen?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5313981
13/01/2017 18:55
write2sam4 esok huattttt ahhh
16/01/2017 15:04
詹植芝 i already huat huat lo...buy 0.13 sell 0.150..got $$ for this CNY..good ..those like to talk cock, talk $$ wont come into your pocket..work it out !
17/01/2017 16:21

IPO - Foundpac Group Berhad (FPGROUP)

Author: kltrader   |  Publish date: Wed, 14 Dec 2016, 08:57 PM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM0.54
Par Value: RM 0.10

Dates:
Offer Period Open: 13 Dec 2016
Offer Period Close: 19 Dec 2016
Tentative listing date: 29 Dec 2016

Number of shares:
Public Issue: 40,000,000
Offer for Sale: 92,000,000
Private Placement: 103,000,000

Stock Code: FPGROUP

Official Announcement

(A) PUBLIC ISSUE OF 40,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN FOUNDPAC GROUP BERHAD (SHARES) COMPRISING:-

(I) 18,500,000 NEW SHARES AVAILABLE FOR THE MALAYSIAN PUBLIC;

(II) 10,500,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES (INCLUDING ANY OTHER PERSONS WHO HAVE CONTRIBUTED TO OUR SUCCESS); AND

(III) 11,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS;

AND (B) OFFER FOR SALE OF 92,000,000 SHARES IN THE FOLLOWING MANNER:-

(I) 55,000,000 SHARES BY WAY OF PLACEMENT TO IDENTIFIED INVESTORS; AND

(II) 37,000,000 SHARES BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY

AT AN ISSUE/OFFER PRICE OF RM0.54 PER SHARE PAYABLE IN FULL ON APPLICATION IN CONJUNCTION WITH THE LISTING OF FOUNDPAC GROUP BERHAD ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

Company Overview

FoundPac Group Berhad designs, develops, manufactures, markets, and sells precision engineering parts for semiconductor manufacturers, outsourced semiconductor test and assembly companies, printed circuit board design houses, fabless semiconductor companies, and other channel partners. Its precision engineering parts include final test and probe card stiffeners, IC and module test sockets, hand lids, and related accessories that are used to facilitate the testing of ICs. The company sells its products under its FoundPac brand, as well as under third party brands in Malaysia, other Asia countries, the United States, and Europe. FoundPac Group Berhad was incorporated in 2015 and is headquartered in Bayan Lepas, Malaysia.
 
Address & Contact:

Plot 35, Hilir Sungai Keluang 2,
Bayan Lepas Non-Free Industrial Zone Phase IV,
11900 Bayan Lepas, Penang, Malaysia

Phone: +604 630 9336
Fax: +604 630 9333
Website: http://www.foundpac.com
 

  ohy2012 likes this.
 
greatful is this IPO good to apply?
14/12/2016 21:12
VCBL Tomorrow 19/12 last day to subscribe
19/12/2016 00:11
azdrichwork2002 Good share and the price can go up soon
06/01/2017 06:22
azdrichwork2002 The next tp.... is 80 cents
12/01/2017 21:20
azdrichwork2002 Forecast Price ....to be 1.00 by April
12/01/2017 21:27

IPO - Rhone Ma Holdings Berhad (RHONEMA)

Author: kltrader   |  Publish date: Wed, 7 Dec 2016, 03:18 PM


Listing Detail:
Listing Sought: Main Market
Issue Price: RM 0.75
Par Value: RM 0.50

Dates:
Offer Period Open: 29 Nov 2016
Offer Period Close: 06 Dec 2016
Tentative listing date: 19 Dec 2016

Number of shares:
Public Issue: 42,122,000
Offer for Sale: -
Private Placement: 26,000,000

Stock Code: RHONEMA

Official Announcement

PUBLIC ISSUE OF 42,122,000 NEW ORDINARY SHARES OF RM0.50 EACH IN RHONE MA HOLDINGS BERHAD ("SHARES") AT AN ISSUE PRICE OF RM0.75 PER SHARE PAYABLE IN FULL UPON APPLICATION COMPRISING:

(I) 8,300,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

(II) 7,822,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF OUR COMPANY AND OUR SUBSIDIARIES ("GROUP") AND OTHER PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

(III) 16,600,000 NEW SHARES AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY, MALAYSIA; AND

(IV) 9,400,000 NEW SHARES AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS,

IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

Company Overview

Rhone Ma Holdings Berhad, an investment holding company, engages in the manufacture, trading, marketing, and distribution of animal health products primarily in Malaysia. Its products include vaccines, pharmaceuticals, and feed additives. The company also provides diagnostic laboratory analyses and consultation services to the veterinary, agriculture, and food industries. In addition, it distributes and supplies food ingredients, such as starch sweeteners, bulking agents and others. Rhone Ma Holdings Berhad was incorporated in 2014 and is based in Petaling Jaya, Malaysia.
 
Address & Contact:

Lot 18A & 18B, Jalan 241 Seksyen 51A
Petaling Jaya, 46100 Malaysia

Phone: +603 7873 7355
Fax: +603 7873 7355
Website: http://www.rhonema.com/

  Be the first to like this.
 
nazmanz TP
TA Sec = 1.05
JF Apex = 1.00
07/12/2016 15:30
Mohd Fahmi Bin Jaes Rhone Ma's offer of new shares to public oversubscribed

by joseph chin


KUALA LUMPUR: Rhone Ma Holdings Bhd's public offer of 8.30 million news shares at an offer price of 75 sen each was oversubscribed by 22.46 times.

Tricor Investor & Issuing House Services Sdn Bhd said on Thursday there were 6,784 applications for 194.749 million new shares with a value of RM146.06mil from the Malaysian public.

For the Bumpiputera portion, there were 3,532 applications for 79.047 million new shares, or an oversubscription rate of 18.05 times.

For the other Malaysian public portion, there were 3,252 applications for 115.70 million new shares, or an oversubscription rate of 26.88 times.

advertisement
08/12/2016 18:00
shiby if can reach tp as nazmanz mention.should be good enough
09/12/2016 22:54
nazmanz Today 0.950..almost archive TP.
26/12/2016 16:47
nazmanz today 1.000 dumpppp
27/12/2016 14:54
chong932 It is another Dancomech. You will regret if you sell now. The TP is RM1.50 in medium term.
04/01/2017 15:59


 

362  426  458  491 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 DNEX-WD 0.14+0.01 
 CENSOF-WB 0.13+0.05 
 DNEX 0.410.00 
 FRONTKN 0.225+0.01 
 VIVOCOM 0.18+0.01 
 CENSOF 0.31+0.04 
 CENSOF-WA 0.11+0.075 
 BORNOIL 0.175+0.01 
 RSENA-WA 0.085+0.01 
 AT 0.045+0.01 
Partners & Brokers