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The Assembly Place IPO

   The Assembly Place Holdings Ltd. IPO Overview Company:   The Assembly Place Holdings Ltd. Listing venue:  Singapore Exchange (SGX) —  Catalist  board Offer type:  IPO (Public Offer + Placement + Cornerstone) Sponsor / Issue Manager:  SAC Capital Private Limited The Company is offering 50.3m shares of which 48.3 will be via placement and the balance 2m shares via public offering.  The IPO will close on 21 Jan 2026 noon and start trading on 23 Jan 2026 at 9am.   Business Description The Assembly Place (TAP) is  Singapore’s largest  community living operator * by number of keys under management, operating under an  asset-light  model that leases and manages accommodation properties rather than owning them outright. As at 17 Dec 2025, TAP managed  ~3,422 keys across ~100 property assets  in Singapore, spanning multiple living sectors. TAP’s portfolio includes: Residential co-living  spaces (for singles a...
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CMZ Holdings Ltd

CMZ Holdings Ltd produces and sells metal, resin and nylon zippers directly to manufacturers in the mid-high end market of the garment industry. The prospectus is here.

Public Offer: 1.8m shares (very difficult to get from balloting).
Placement Offer: 74.363m
Manager: Omega Capital Limited


Under the current IPO sentiments, it seemed that many companies are rushing out to be listed and this seemingly 'one product' company is no exception (hmm China's YKK ?). The Company managed to leverage on the boom in the garment industry in China to record impressive growth from FY2004 to FY2006. Sales for 2006 is RMB 159.3m (S$ 31.8m) and net profit of 38m (S$7.6m). EPS for 2006 based on enlarged share capital of 304.6m shares is RMB 12.5 (2.5 Singapore Cents). Based on IPO price of 23 cents, it is priced at an historical PE of 9.2x. Assuming EPS grow by 50% for 2007, the 2007F EPS is 3.75 Singapore Cents and based on its listed peers valuation of 10x-15x PE, the fair value for CMZ is in the range of 37 cents to 56 cents.

Good luck if you managed to get this IPO from the ATM! I wasted by my $2 again :(

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