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Tiger Air sets IPO price range of S$1.35-S$1.65/sh

WeiQiQi
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19-Jan-2010 12:25

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DJ MARKET TALK: SIA Better Bet Than Tiger Airways - Analyst (2010/01/19 12:19PM)‏

0419 GMT [Dow Jones] Singapore Airlines (C6L.SG) better bet than Tiger
Airways in terms of valuation, track record, says analyst at local house.
Based on Tiger''s S$1.50 IPO price, budget carrier valued at 5.55X P/B vs
1.37X P/B for SIA (at yesterday''s closing price). "Why go with something
you don''t know when you have its established parent trading on lower
valuations," analyst says. Adds IPO, largest in Singapore since CapitaMalls
Asia (JS8.SG), has price stabilisation mechanism; "investors won''t get a
true reflection of where the share price should be until that is removed
about one month later." Morgan Stanley Asia designated dealer for
stabilization action. Shares will start trading on SGX Jan. 22. IPO fixed
at middle of S$1.35-S$1.65 indicating pricing range. Public tranche 21.0X
subscribed, placement tranche 4.5X subscribed. Airline plans to use
proceeds to buy planes, set up new operating bases, repay short-term loans,
fund working capital needs. (FKH)

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nickyng
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19-Jan-2010 11:42

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i hv taken TigerAir twice....and out of which i already kanna flight delay from 12am to 4am at ChiangMai....the hit rate is 50%....with that kinda of customer service and passenger service quality(no doubt it is BUDGET but at least maintain some standard lah..flight delay 1hr+ still acceptable but 4HRS !) i think it is hard this TigerAir can go into profit year after year....well..their year after year LOSSES is a prove of their service "QUALITY"...hee :D

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investment
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19-Jan-2010 08:49

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I rather vest in SIA or AIRASIA.

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williamyeo
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19-Jan-2010 07:00

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Jan 18, 2010

Tiger raises $247.7m in IPO

'Going forward, we aim to continue growing our airlines in Singapore and Australia as well as establishing new airlines in additional markets in Asia,' chief executive Tony Davis said.

BUDGET airline Tiger Airways said on Monday it had raised $247.7 million in its initial public offering to help fund its ambitious plans in the growing Asian market.

The IPO, the first by an Asian carrier in five years, was priced at 1.50 dollars per share and means the Singapore-based carrier will have a market capitalisation of $781.3 million, Tiger Airways said in a statement.

The funds raised will go towards mainly aiding Tiger Airways' plans to expand into the region where air travel demand is tipped by industry analysts to continue growing at a rapid pace.

'Going forward, we aim to continue growing our airlines in Singapore and Australia as well as establishing new airlines in additional markets in Asia,' chief executive Tony Davis said in the statement. 'Tiger Airways is well-positioned to leverage the opportunities for growth in air travel in Asia and Australasia, the fastest growing aviation market in the world,' he said.

Shares of Tiger Airways are to begin trading on Friday on the Singapore Exchange.

Tiger Airways, which is 49-per cent owned by Singapore Airlines, is competing with Jetstar Asia and Malaysia's AirAsia, among others. It said in a statement last week it would set aside $166 million of the proceeds from the IPO to pay for the planned purchase of new jets. -- AFP

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Richman
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18-Jan-2010 23:09

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Can leap high this coming Friday

Vested 10 lot

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Andrew
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18-Jan-2010 22:41

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You will get a refund for the difference......

pumper ( Date: 18-Jan-2010 12:10) Posted:

I applied 10 lots but its at $1.65..now become $1.50?

bh704428 ( Date: 17-Jan-2010 18:48) Posted:

so how many lots u hoot/applied

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des_khor
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18-Jan-2010 22:35

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Yells: "Tell me who is the God or MFT from this forum??"

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This one might need life jacket when listed !!

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candle
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18-Jan-2010 15:57

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only when there r many buying then one can sell higher.

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178investors
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18-Jan-2010 15:52

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your alloted chance is very good, likely to get 5 lots in my view.

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pumper
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18-Jan-2010 12:10

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I applied 10 lots but its at $1.65..now become $1.50?

bh704428 ( Date: 17-Jan-2010 18:48) Posted:

so how many lots u hoot/applied?

pumper ( Date: 17-Jan-2010 11:01) Posted:

There is a saying "beat dog also must look at master"...Tiger is owned by SIA and Temasek...they wont let it die or open low..

so IMO, this IPO is still worth while to apply!

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des_khor
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18-Jan-2010 10:55

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Tiger VS Lion... which one more fierce ??

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lifesamiracle86
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18-Jan-2010 10:49

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Sources said it will be at $1.50/share..

http://www.theedgesingapore.com/the-daily-edge/business/11699-tiger-air-to-price-spore-ipo-at-150-a-share-sources.html

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AK_Francis
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18-Jan-2010 08:36

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Yells: "Happy go lucky, cheers."

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Ha ha, last nite 11pm TV news: "Heard Coy was intended to lower d IPO px owing to poor response?? Coy denied." Reporter narated.

Hope that was not true loh, as any under subscribe would affect d coming other IPO atmosphere mah!! We also hope d coy will earn $$, indirectly people here also benefited as tourism will bring in more revenue, esp IRs now is under full gear to complete d whole biz opt. Cheers.

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tchoonw
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18-Jan-2010 08:24

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read the prospectus and looks so scary man...the key shareholders only put in $10m plus investment and now gonna ripped back more than $100m...even for a loss making coy still can make this kind of $, where on earth only in sg gives this type of lobang...so those that apply for this weak cat must be helping to bail out the key shareholders!

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nickyng
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18-Jan-2010 08:00

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wah....year of Tiger coming so TIGHERAIR must list in SGX har? only issue is that this is a PAPER TIGHER !! :P i give it a missed too ! :D

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FearValueGreed
Master

18-Jan-2010 00:34

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Yells: "Long Term Timing X Capital = Well Deserved Payout"

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Never buy IPO towards end of bull run or bear rally.

May have to hold till you buay ta han and dump when main market dives.

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178investors
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17-Jan-2010 23:58

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des_khor, thanks for reminding us of past ipo showings ala SATS and SIA ENG. I have totally forgotten about the poor ipo debuts by those two you mentioned.

SIA really laughed all the way to the banks last time round. This time, i guess you may be right again. Laughing all the way to the banks again.

So it looks like from the earlier attached picture, investors who board the "tiger" craft will have to slide out fast on debut.

des_khor ( Date: 17-Jan-2010 18:29) Posted:

I still remember SAT & SIA Eng IPO both open under water....

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bh704428
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17-Jan-2010 18:48

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so how many lots u hoot/applied?

pumper ( Date: 17-Jan-2010 11:01) Posted:

There is a saying "beat dog also must look at master"...Tiger is owned by SIA and Temasek...they wont let it die or open low..

so IMO, this IPO is still worth while to apply!

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des_khor
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17-Jan-2010 18:29

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I still remember SAT & SIA Eng IPO both open under water....

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178investors
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17-Jan-2010 18:12

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What's happening? Are they boarding or sliding?

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