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Mewah offering ipo at $1.10c
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knightrider
Elite |
23-Nov-2010 17:57
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If this one today IPO, everyone will huat, cause all will short it until upside down ! LOL | ||
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beruangface
Senior |
22-Nov-2010 13:52
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Please take note Mewah does not own any plantation, they are just processing crude palm oil into edible oil, if crude price increase, their margin will be badly affected, that's what happening right now, crude palm oil is increasing in line with other commodities, so Mewah is doing an exit strategy, Mewah is very unlikely to pass the increase in crude price to end consumers as they are targeting low end consumers, tell me who is using palm oil to cook at home? Have you heard of Oki brand? Hehe...good luck to those have vested, the only thing can save you now is market sentiment | ||
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Andrew
Master |
21-Nov-2010 23:44
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They said due to the two big IPO previously, IPO trend waning.........Good Luck...
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james87
Veteran |
21-Nov-2010 22:05
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subscribed...lets see how ... | ||
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AnthonyTan
Elite |
21-Nov-2010 13:52
Yells: "patience" |
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Maybe first day trading will be under water. No confident to apply.
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angmohlin
Member |
21-Nov-2010 13:08
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PE ratio of 16.29% (based on 8 months results) is so high as compared with current market PE of 13-14 times. | ||
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AnthonyTan
Elite |
18-Nov-2010 11:18
Yells: "patience" |
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When no investors subscribe, let the underwriters carry the baby, hahaha |
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AnthonyTan
Elite |
18-Nov-2010 09:32
Yells: "patience" |
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EXPENSIVE DON't BUY LOR. |
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iPunter
Supreme |
18-Nov-2010 02:20
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lol... expensive and cheap are meaningless words when applied to stocks... unlike the word direction, which is full of meaning, and money... |
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E-war
Veteran |
18-Nov-2010 02:09
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I'll concentrate my gunpowder elsewhere. This is a bit pricey for me. Might as well go for other palm oil plays. | ||
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teeth53
Supreme |
17-Nov-2010 09:06
Yells: "don't learn through life, learn to grow with life " |
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expensive? (Yes -a little) is it worth it? - (STAG - just my personnal opinion, why ? - set at lower ipo px) While information is always distinctively late and trading always coming in fast and ferocious at the fore. (This one is ahead - one day early). Forming very own decision wisely is as difficult as finding a pin in the ocean. (To each it own, hope U chose d right choice...Happy trading..Ya.)
The starting at low px is over (started last Friday with a element of some surprise), if not opening at buyer px - force buyers to take margin (narrow trading band) and go on profit taking (I mean BBs taking profit) and thus allowing smaller players to buy at higher px and await to sell higher high, for 2 cent gain - Co's small boy bot small volume. BBs can take profit even at half a cent (0.05cent or even at 0.025 cent.) teeth53 - just giving my personnal opinion, as there r as many others may have alot to differentiate it as well. |
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E-war
Veteran |
17-Nov-2010 00:00
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Sounds expensive? is it worth it? | ||
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teeth53
Supreme |
16-Nov-2010 21:55
Yells: "don't learn through life, learn to grow with life " |
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For more info on Mewah IPO. http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/F68113BD7B12F64D482577DD001E2A9B/$File/Prospectus%20-%20Clean.pdf http://www.businesstimes.com.sg/sub/companies/story/0,4574,413387,00.html? Published November 16, 2010
(SINGAPORE) Palm oil refiner Mewah International has priced its US$214 million initial public offering (IPO) in Singapore below an indicative price range, sources said, as the deal was hurt by the recent sell-off in markets.
The palm oil firm's IPO follows a string of successful IPOs in Singapore, such as the US$3 billion listing of Global Logistic Properties (GLP) and Mapletree Industrial Trust's (MIT) about US$720 million IPO. Unlike Mewah, GLP and MIT were priced at the top of their indicative range, a sign that appetite for IPOs may be waning after the two large listings in October. Mewah priced its IPO at S$1.10 a share, two sources familiar with the deal said yesterday, against an indicative price range of S$1.25-S$1.55 each. Credit Suisse is the sole global coordinator and joint bookrunner with BNP Paribas. |
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