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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...
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Starland Holdings Limited

Starland Holdings Limited ("Starland" or "Company") is placing out 22.2m shares at $0.22 each via placement for a Catalist listing. Starland is a property developer for quality integrated residential and commercial properties in the PRC. The IPO will end on 25 April at 12pm. The market cap will be $31.84 million based on the post placement share cap of 144.733m shares.


This will just be for records only and i will not attempt to find a 'fair value' for this counter since there are no public tranche and i have not attempted to dissect its past financial performances.


The properties being developed are concentrated around the city of Chong Qing which is currently under political spotlight due to downfall of Bo Xi Lai. 


I will avoid this counter for the following reasons:
1. China property market still in the doldrums;
2. The company is too small;
3.  The city of Chongqing is currently under political turmoil, not sure if any fallout will impact this company.
4. There are better and more established developers around. This company is just one of the many small ones.
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