Posted by lotsofmoney > 2012-06-04 12:29 | Report Abuse

The present market sentiment is not good.

Posted by angkor > 2012-06-04 12:59 | Report Abuse

Waiting for it to dip below IPO price

Posted by kl foong > 2012-06-04 13:22 | Report Abuse

With the down trend market sentiment, think of the good/reasonable counter one can buy with the IPO price. Opportunity cost.

Posted by Jonathan Keung > 2012-06-04 14:04 | Report Abuse

FGVH is no doubt a BIG corporate exercise by the Malaysian Government. I also believed the IPO price ($ 4.55) will be well supported.

with the Bulk of the shares offer to Corporate Institution and 10 - 12 Corner stone investor (holding moratioum for 6 months). the post IPO pricing may be between $ 5.00 -5.50.

the pricing concern is FGVH tree profile. With more than 50% of the 300,000 ha planted between 20 - 25 years. It will be less competitive compared to other plantation counters.

FGVH needs to spend more or their tree replanting in the next 5 -6 years compared to other companies. KLK or IOI has less than 5 % - 10% of old tress.

The other concern is that FGVH has no given any profit forcast in their IPO propestus. To work on FGVH price earnings , we need their forecast figs for at least the next 2-3 years.

Apart from the above issues is the current downtrend on CPO prices. Currently prices is trading at RM 2,950 per ton compared to RM 3,500 per ton in April.

Posted by kl foong > 2012-06-04 14:29 | Report Abuse

Bro Jonathan, good remarks.
Also, please read the article which appear in saturday Star Bizweek by Mr P. Gunasegaran regarding the IPO.

Posted by lotsofmoney > 2012-06-04 14:37 | Report Abuse

The banks undertakers will support the share price for a few days just like the Facebook IPO. So you can be sure the price will not drop below RM 4.50. If all the Felda settlers all sell their shares, then the price might drop because of the large volumes.

Posted by gaman > 2012-06-04 17:25 | Report Abuse

FGVH will be supported by the local institution such as EPF and PNB. FGVH is too big too fail.FGVH will shine better than MSM.

Posted by Namoyaki Takarajima > 2012-06-04 17:41 | Report Abuse

Market Savior will be save Market Movers. Market Movers will be save Market Policy Makers; The King of All Movers.

Posted by kl foong > 2012-06-04 19:09 | Report Abuse

FGVH is too big to grow. It will be stagnant.
Hope it will not same as MAS, MISC, PROTON ETC.

Posted by tansrihew > 2012-06-04 19:24 | Report Abuse

At this market sentiment, i think it is better to buy from open market. Whats the chances of getting it thru IPO? Hope the first day of trading will be like SKP.

Posted by gaman > 2012-06-05 11:08 | Report Abuse

To get FGVH IPO almost zero. But will try to apply before 12.6.2012.