Saturday, June 26, 2010

Sunway REIT IPO may be fully covered

Applying IPO just became much more easier nowaday. I used to do it over the ATM machine but not any more until i decided to apply for Sunway REIT IPO via M2U. By just merely clicking some buttons and my application just went through without much hassle in seconds i believe, everything done electronically, no form, money order or bank draft required. This is just ease so much comparing previously where we have to grab forms for good IPO. Not any more. :) Thanks God that Technology help to fasten the process, tighten the security and easing the application.

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The institutional segment of the initial public offering of Malaysia’s largest real estate investment trust, Sunway REIT, has been “fully covered" at above 90 sen per unit, two sources with direct knowledge of the matter said.
But Sunway REIT may have to price its IPO at the lower end of its indicated range because of deteriorating market conditions, the sources told Reuters on Thursday.
“The book is fully covered. It’s oversubscribed by about 1.2 times now. It’s quite an achievement given the current market conditions,” said one of the sources, who asked not to be named because he is not authorised to speak to the media.
The company last week set the indicative price range for the sale of 1.6 billion units of the REIT at between 90 sen and 98 sen per unit.
This means the IPO could raise between RM1.44 billion to RM1.57 billion.

7 comments:

horse said...

sunway reit ipo well received, think successfully gotten my application. Retail price at 0.88sen. Refund of 0.09sen.

Anonymous said...

Update portfolio + UltraMargin line

1. Bjtoto 115% (cost: 4.34)
2. MBF 55.9% (cost 71sen)
2. PJ devel 41.2% (cost 72sen)
3. Kfima 16.8% (cost: 94.5sen)
4 CYL 13.2% (cost 53.5sen)
5. OKA 7.2% (cost 58.8sen)

Second portfolio + UltraMargin line
1. Bjtoto 120% (cost 4.33)
2. MBF holding 60.1% (cost 71sen)
3. Qcapital 42.6% (cost 1.01)
4. Chuan 16.2% (cost 60.5sen)
5. PJ deve 10% (cost 71.5sen)

Anonymous said...

賭球執照落空
成功集團 續釋放價值彌補

報導:張潔瑩

政府宣佈不發出賭球執照后,成功集團立即提醒投資者,旗下尚有數項利好待釋放,其中包括即將上市的成功零售。
(吉隆坡28日訊)賭球執照終究落空,成功集團(BJCORP,3395,主要板貿易)“進球”卻宣判無效,惟公司表示將釋放更多利好彌補投資者的“失落”。

成功集團創辦人丹斯里陳志遠昨晚發表文告說,對于政府決定不發出賭球執照深感遺憾,及取消發債籌資的計劃。

據成功集團公關發言人指出,痛失賭球執照雖引股東擔心股價貶值,但集團尚有其他為股項增值的計劃,繼續為投資者帶來更高獲利潛能。

至今,成功集團策劃中的計劃包括成功零售(Berjaya retail)上市,以及派息購科斯威(Cosway)債券的計劃。

該集團原計劃發行附加股收購主席丹斯里陳志遠名下,重獲賭球執照的愛勝閣運動(Ascot Sports)。

發言人告訴《中國報》指出,早前分析界普遍認為,成功集團股價有望在完成收購計劃后,每股增值15仙至30仙。

隨著計劃終止,發言人持成功集團股票者,還是能夠從其他計劃中受惠。

“每持10股成功集團股將獲1股成功零售股,另外集團早前亦宣佈每股派4.5仙股息或可選擇認購香港上市的科斯威債券,這些計劃將為股東帶來20仙至25仙的價值。”


聯昌:政府開倒車

聯昌證券研究認為,原以為賭球合法化有助打擊非法市場,甚至增加政府稅收,惟最新消息令市場感到失望。

“此舉對成功集團有如當頭棒喝,也象征政府就敏感課題向壓力低頭,在力求開放的努力下有開倒車的疑慮。”

該行分析員認為,基于國情,政府決定不發出賭球執照非意料之外;惟令人覺得爆冷門的是國內民眾甚至執政黨內部竟也反對聲浪不斷。

“隨著政府宣佈此消息,相信本土非法賭博活動將持續,尤其是在世杯接近尾聲的數週內。”

他指出,儘管近期政府在取締非法賭球方面略有所成,但是完全根除這個問題還是個非常艱難的任務,尤其目前非法賭球市場是合法博彩市場的數倍。

概念股下滑
母公司股價跌13仙

儘管成功集團大派“定心丸”,透過媒體向股東信心喊話,今早概念股股價還是不敵輿論,紛紛下滑。

成功集團跌勢嚴重,開市時已跌13仙至1.28令吉,早盤一度滑13仙至 1.23令吉,午盤跌勢甚至擴大至20仙或逾11%,為2007年8月16日以后的最高跌幅。

相信仍受股東拋售,成功集團不僅股價下滑,交投亦表現熾熱,位列今日10大熱門股和10大下跌股之列。

該集團旗下其他概念股項走勢亦受波及,成功多多(BJTOTO,1562,主要板貿易)和成功置地(BJLAND,4219,主要板貿易)及憑單走勢均一面倒。

其中,成功置地股價與成功集團同病相憐,盤中以雙位數跌幅下滑,亦佔據10大下跌股一席位。

成功集團閉市時掛1.23令吉,跌13仙,成交量2708萬1200股。

成功多多續跑贏大市

成功集團賭球執照從有到無,成功多多股價亦隨母公司消息起落,券商認為拿不到執照對成功多多其實影響不大,股價起伏完全是市場情緒作祟。

聯昌證券研究分析員指出,成功多多股價走勢將受市場情緒和母股走勢及消息牽動,但業務方面的影響則不大。

“另外,該公司或將發行總值達8億令吉的中期票據(MTN),有望為股東帶來更高股息。”

稍早成功集團甫宣佈獲賭球執照時,限制在多多博彩指定分行經營投注,並且開放電話投注服務,大部分券商即認為將影響成功多多獲利。

興業證券研究報告亦有同感,並指出賺幅經投注站、電話下注等多方攤分后微乎其微,影響幅度非常有限。

因此,聯昌證券研究和興業證券研究皆維持成功多多“跑贏大市”評級,目標價格分別為5.45令吉和 4.95令吉。

Anonymous said...

Sold off all CYL 58-59sen and kfima at 96.5-97sen, realize handsome paper profit. Increase further stake of MBF, bought more MBF at 70sen

Anonymous said...

Subject : MBf Holdings Berhad ("MBfH" or "the Company")
Declaration of Interim Gross Dividend

Contents : MBf Holdings Berhad ("MBfH") wishes to inform that all the resolutions as per its Notice of Annual General Meeting ("AGM") dated 7 June 2010 were duly passed at its AGM held today at Kinabalu Auditorium, The Podium Auditorium & Conference Centre, Ground Floor, Menara Hap Seng, Jalan P. Ramlee, 50250 Kuala Lumpur except for Resolution No.2- To approve the payment of a final dividend of 10 sen per share less income tax of 25% for the financial year ended 31 December 2009.

The Company wishes to announce that the Board of Directors of MBfH has approved the declaration of an interim gross dividend of 5 sen per share, less taxation of 25% for the financial year ending 31 December 2010. The major shareholders namely, Tor Private Limited, Nadin Holdings Sdn Bhd, Market Share Investments Ltd and Impact Action Sdn Bhd have waived their entitlements to the said interim dividends. The entitlement date and payment date will be announced at a later date.

This announcement is dated 29 June 2010.

Anonymous said...

Bought more MBF at 68.5-69.5sen, to average down holding cost.

Update portfolio + UltraMargin line

1. Bjtoto 115% (cost: 4.34)
2. MBF 85.6% (cost 70sen)
3. PJ devel 41.2% (cost 72sen)
4. OKA 7.2% (cost 58.8sen)

Second portfolio + UltraMargin line
1. Bjtoto 120% (cost 4.33)
2. MBF holding 72.1% (cost 70.5sen)
3. Qcapital 30.5% (cost 1.01)
4. Chuan 16.2% (cost 60.5sen)
5. PJ deve 10% (cost 71.5sen)

horse said...

hng,
congrat !!

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