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...
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This is because the recent IPO all went below their offer price, no investors would "dare" to buy into new IPOs.
However, this company has good prospect and singaporeans are still flush with lotsa liquidities (just observe the prevailing interest rate and the speculation of small caps), I guess there might still be many people out there demanding such small caps
If u expect price to maintain n move upwards after openings, u need Temasek holdings as support.
If u feel Nordic is not worthy bidding, then u feels that it will open at a price lower than 0.20???
With 2m shares offer to the public, a rookie investors will definitely know it will be oversubscribe.
Does oversubscibe means will open at lower than 0.20 on wed???
Ans: ofcos not!(in case u still can't get it)
Secondly, there is "nothing for me to get it". Over-subscription in the public tranche doesnt always means that the share price will open above its IPO price and let you have enough time to get out. I have seen enough IPOs that open above its IPO price then tanked below its IPO price on the first day within minutes as there are no follow through buying and there are too many placement shareholders dying to cash out.
Perhaps, the phrase "IPO sentiments turning sour" is too strong a word for everyone? hahaha But assuming if you are a recent IPO player and you bought Anchun, Xin Ren and Mun Seong at the opening prices. Do you still dare to 'support' Nordic next week when it opens for trading? Well i am not too sure.
Anyway, good luck to all who are applying. :)
Dunno will be like kreuz or yamada
just saw on today's straits times that most investors were allocated only a few lots. maybe one/two/three.
there really isn't much hope of making much S$ from this trade. hmm.
mr 2Y Capital, your analysis is really rather accurate. :]
what are your thoughts about the pending sabana reit?
I am not sure how a "syariah-compliant real estate investment trust" works but i believe the downside should be limited given the yield is > 8% (but not sure if they pay out interest in units to holders instead of cash....)
Wilmar's palm oil business similar to mewah made more profit this quarter than the last year. They lost money in oilseeds business.
Their established brands, sales in 100 counties, strong africa and middle east sales are interesting.