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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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Heads up - Far East Hospitality Trust

Received this email from my OCBC broker yesterday. Need to do some homework this weekend. 

Dear All

We are pleased to announce the Initial Public Offering of Far East Hospitality Trust on SGX-ST (the "IPO").    OCBC Bank is one of the four Joint Bookrunners and Underwriters for the IPO. The other Joint Bookrunners and Underwriters are Goldman Sachs, HSBC and DBS.

Do contact me if you are keen in indicating your interest in the IPO of Far East Hospitality Trust on SGX-ST.

The order books for Far East Hospitality Trust placement tranche are now open. Indicative book closure time/date is 5pm on Tuesday, 14 August 2012 (subject to earlier closure). The final price for this IPO has not been determined but will be within the range of S$0.86 to S$0.93 per stapled security.  We are only taking orders at strike price, ie S$0.93 per stapled security. 

For your information, the 10 cornerstone investors for this IPO are:
-  Aberdeen Asset Management Asia Limited, AIA, APG Strategic Real Estate Pool, Havenport Asset Management Pte. Ltd., Hwang Investment Management Berhad, Indus, JF Asset Management Limited, Lion Global Investors Limited, Myriad Asset Management Limited and NTUC Income Co-operative Limited.

The draft prospectus of Far East H-Trust has been lodged with the MAS, URL as follows:- 
http://masnet.mas.gov.sg/opera/sdrprosp.nsf/e25d3309aa11eacd48256f64000f86d1/D8A63278B2BDF84348257A4F002DF46F/$File/Far%20East%20H-Trust%20%20Preliminary%20Prospectus%20(Main%20Text).pdf

Please see issue statistics as follows:



Email Post

Comments

K said…
This comment has been removed by the author.
21 December 2014 at 18:07
K said…
Hi,

I would appreciate if you can comment on why you believe this trust has fallen so much from an IPO of $0.93, high of $1.13 to current price of $0.81. I would like to avoid it the next time. Thanks.
21 December 2014 at 18:08
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