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IPO Chilli Ratings

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Singapore IPOs: Why I No Longer Cover Every Listing

Some readers may have noticed that I have not been writing about every Singapore IPO since last year. The simple reason is that life has become busier. Between my day job, an increasingly packed travel schedule, family commitments and desire to play more golf, I have become much more selective about how I spend my time.  Writing detailed IPO reviews takes time — reading prospectuses, analysing financials, comparing valuations and understanding the competitive landscape. While I still enjoy investing and writing, I no longer feel the need to cover every IPO that comes to market. Instead, going forward, I will probably focus only on IPOs where I am seriously considering investing my own money or where there is something particularly interesting that is worth discussing. I suspect this will make the blog more useful as well. Rather than writing about every deal, I can spend more time sharing my thoughts on the handful that I believe deserve attention. That bring...

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?!