Skip to main content

IPO Chilli Ratings

IPO Chilli Ratings
Click to understand how it works

Featured

Posted by

Singapore Institute of Advanced Medicine Holdings Ltd

Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist.  The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am.   Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases.  SAM has strategic collaborations with public and private institutions for research and clinical work.  SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi
Post a Comment
Read more
Labels
Posted by

Is this the start of the bear market?


I believe all the investors would want to know if this severe correction is the beginning of the bear market and whether the current rebound is a technical rebound or a resumption of the uptrend. 32 of you participated in this poll. The results is still slightly bullish bias with 37% on the bullish side and 28% on the bearish side. The remaining 34% of you are 'unsure' and feel that it could go either way depending on how the fall out of the US sub-prime market pans out.





Let's take a quick look at the 'health' of the STI by looking at the technical picture. The 50-day moving average is beginning to turn downwards and the 200-day moving average has also been breached. It manage to stage a strong rebound today and in my view, STI will need to regain the 3,500 level and maintain above that level to 'overcome' the bearishness. Stock market is a discount mechanism and trade 6 to 12 months ahead of the cycle so if STI cannot move above the 3,500 level and the 3,000 support level gives way, then this could be the start of the bear market. On the other hand, if STI can move above 3,500, it will likely mean the resumption of the uptrend.
Email Post
Labels:

Comments

Post a Comment