IGB REIT, a unit of Malaysian property firm IGB Corp Bhd , has hired CIMB Investment Bank and Hong Leong Investment Bank as the joint principal advisers and joint managing underwriters for the IPO.
I'm going for this one.I think one of the best IPO REIT. Issue price @ RM1.25.Forecast Distribution/unit-6.38 sen. Yield on Retail IPO Price- 5.1%.Mid-Valley Megamall is a quality assets with almost fully tenanted.A prime commercial area.Should be good for long term investment. Closing date for IPO-4 Sept 2012.Balloting-7th Sept 2012. Listing on BSKL-21 Sept 2012.
KC noted as above, how do you feel on this counter? Actually, understand on REIT. How is their project carry on? Pls advise. Very sorry for the inconvenience caused to you.
Other than the IPO shall not forget about the subsidiary,Kassets. if Kassets at RM8.98, you shall get IGB Reit at IPO price RM1.25. Calculation/1000 Kassets share: 5240units x 1.25 = 6550 6550+29.20+2402.74 = 8981.94 Therefore if Kassets share price around 9 then its worth to buy as you will be getting IGB Reit shares at IPO Price
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
euscilyn
592 posts
Posted by euscilyn > 2012-08-28 08:41 | Report Abuse
how to get it ? Any advise on this counter ?