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IPO Chilli Ratings

IPO Chilli Ratings
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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

China Oilfield Technology


(The IPO is one of the biggest i have seen in recent times, spanning a wide area with 'hotly' dressed ladies distributing prospectus at Raffles Place)...

China Oilfield Technology Services Group Limited is a major "one-stop" customised solutions provider of integrated tertiary oil recovery equipment and product in the Daqing oilfield region of the PRC. Its closest competitor that is listed here is Sky Petrol.

I will give 3 chillis rating to China Oilfield for the following reasons:

1. HL bank is a reputable manager. All its previous mandates has done pretty well post listing and i believe this will be no exception.

2. It is in the oil and gas sector and with oil prices hovering a record prices, this sector is still sizzling hot.

3. It is another "China" story. We cannot seem to get enough of Chinese stocks do we?

I will not attempt to give it a fair value, just HOOT at the ATM and see if your lucky stars shine on you... Good Luck!

Comments

Anonymous said…
why no pics of the "hot" ladies?!