Skip to main content

IPO Chilli Ratings

IPO Chilli Ratings
Click to understand how it works

Featured

Posted by

The Assembly Place - Balloting Results

This is probably one of the most usual press releases that went alongside the SGX announcement of the balloting results. The Company released a full presentation deck , which is actually quite informative, with information of upcoming pipeline etc (probably the Company felt that it is safer to release this after the IPO closes and not before). The balloting table is as follows: The IPO has drawn strong interest from prominent institutional funds such as Avanda Investment Management (as investment manager for and on behalf of its fund(s)) and Lion Global Investors Limited (as investment manager for and on behalf of its clients), along with prominent investors, including Mr Han Seng Juan, Mr Rudolf Jurgen August Rolles and Mr Chong Soon Kong @ Chi Suim2 , underscoring strong confidence in TAP's investment proposition. Separate from the Invitation, cornerstone investors, namely Apricot Capital Pte. Ltd., Asdew Acquisitions Pte. Ltd., Cache Capital Pte. Ltd., ICH Synergrowth Fun...
Post a Comment
Read more
Labels
Posted by

MAP Technology Holdings




MAP Technology Holdings Limited manufactures data storage products. The Company manufactures and sells stamping products, die cut components and provides electronics manufacturing services such as assembly, testing, procurement and logistics. The prospectus is here.

Public Offer: 3 million shares at 32 cents
Placement Offer: 73.5 million shares
Manager: DBS

This is another IPO that doesnt excite me since it is in the technology sector although the Company showed very impressive growth for the last 3 years. The entire technology sectors in Singapore suffers from low PE multiples but you can expect a stable business as its parent company Min Aik Technology Co., Ltd is listed in Taiwan and Jurong Technologies (listed in Singapore) is an associated company of Min Aik.

Net profit for 2006 was US$5.8 million and assume it grow by 50%, net profit for 2007 will be US$8.7 million. EPS for 2007 will be around 8.7m (2007 profit) x 1.52 (forex) divide by 305.8 m shares x 100 = 4.3 singapore cents. Based on PE valuation of 8x-10x, the fair value of MAP will range between 34 cents to 43 cents.

I would rate this a Stag under current sentiments with some upside going forward if the Company can continue to show strong growth but i wont be investing this for the long term. It will rate this IPO as another sell on first day company for me. (vested)
Email Post
Labels:

Comments

Post a Comment