Monday, 26 November 2007
Chunghong Holdings Limited
The Company is in the PCBA and OEM business for the Electronics Industry.
Public: 1m shares at $0.365
Placement: 54m shares at $0.365
I will not bother to do any analysis for this Company since the public float is so small (1 m shares only). Look at the current trend where the previous 4 IPOs are below water by around 15%-25%, my view is that you should just avoid this counter. If you are really keen to 'invest' in this IPO, you should be able to get it at better prices post IPO.