Inter-Pacific Research Sdn Bhd has placed a fair value of 63 sen on Ikhmas Jaya Group Bhd, implying a 20% discount to Econpile Holdings Bhd (12 times).
You see, they are all inconsistent in setting a fair value. We must be alert as they all may have their own motive behind. You yourself analyse form the prospectus decide the fair value.
Not like that. That EPS 2.16 cents is for the original number of shares before listing. Now you must divide net profit by total number of shares after listing which is 520000000. RM8494000 or 849400000 cents divide 520000000 is 1.633 cents per share. This the technical part we investor must know, always do our work by referring to the latest number of shares (after listing).
Dow Jones Industrial Average (^DJI) -DJI Watchlist 17,568.73 Down 163.19(0.92%) 4:04PM EDT
Hope IKHMAS will open reasonable low (for us to buy in the first 30 minutes with < 10 sen premium) but will fly and close high in the afternoon session on Monday. Hope it will continue to rise in the next two weeks to test the RM1.00 resistance.
All the three latest IPOs open less than 10 sen premium. Our hope is able to buy at the lowest. If follow Xin Hwa, it happens 15 minutes after opening. If follow Dolphine and Sedania, it happens at closing. Not an easy task at all in purchasing IPO at the lowest. There is no such thing as early birds can buy at the lowest at the opening and sell at the highest at the closing. But of course, it is not a one day afair. Econbhd hit RM1.15 after 5 weeks time.
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....
Posted by Wind Ng > 2015-07-01 00:39 | Report Abuse
Is it good to apply for this IPO