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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

Hutchison Port Holdings Trust

Hutchison Port Holdings Trust ("HPHT") is the world's first publicly traded container port business trust. It is sponsored by the world's top port operator - Hutchison Port Holdings Limited. The IPO will end on 14 March 2011 at 10am and the price will be determined on that day. Trading will commence on 18 March 2011 at 2pm.


The port assets are mainly in HK and Shenzhen and with China being the world manufacturer, the prospects continue to look good as shipping continue to be a cheaper way of shipping bulk goods.


HPHT is offering public investors 185.185m and between 3.43 bln units to 3.71 units via placement. The offering price is between US$0.91 to US$1.08. The market cap will be between US$7.9 bln to US$9.4 bln. Cornerstone investors include : Capital Research -US$634 million, Paulson & Co - US$350 million stake and Lone Pine Capital LCC - US$186 million.
Jenkin Hui and family, Singapore’s Temasek Holdings Pte., Cathay Life Insurance Co. and Metropolitan Financial Services will each invest US$100 million, and Ally Holding will buy a US$50 million stake.

Based on the prospectus, the yield for FY11F will range from 5.5% to 6.5% (based on max and min offering price) and from 6.1% to 7.5% for FY12F. 


The IPO looks like a good buy to me with good dividend yield and with many strong cornerstone investors. It should be a good long term portfolio stock as well and would not have listed here had it been able to list on the Hong Kong bourse.

Comments

Anonymous said…
what would be the intended oepning price for this stock tomorrrow?
Mr. IPO said…
if not for the Japan crisis, my guess was above water at opening. now with the crisis, likely to open below. probably between USD 90-99c.
Anonymous said…
Wow u r rite indeed. opened below 1 buck.
what do you think would the fair value of this stock?
DarKScoRpioN said…
HPH Trust triggered and form a hammer formation on the trading charts. HPH Trust seems to be looking good and could potentially rebound from here next week.

what are your sentiments of HPH Trust going forward?

Refer to the technical chart here.
http://sgsharemarket.com/home/2011/05/hutchison-port-holdings-trust-hph-trust/
Mr. IPO said…
Think the Usd will continue to remain weak against sgd. Singapore investors will remain lukewarm to this counter.