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CHINA ENERGY IPO
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victor_lee
Member |
21-Dec-2006 22:47
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0608 GMT [Dow Jones] NEW LISTING: China Energy ( A0G.SG) +14.4% at S$0.95 in heavy volume but off day's high of S$1.07. While stock may struggle to close above S$1 today, trader says it has potential to hit S$1.50 in medium term; "the fall from the intraday high is because of profit-taking by short-term investors, not so much due to fundamentals. Fundamentally, energy counters are good counters. Now is also a good period to list as most IPOs are still doing fine. It's not difficult to support this kind of counter." S$0.94- 0.97 trading band tipped for now as orders mostly in that range. (FKH) |
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domlim88
Member |
21-Dec-2006 09:59
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anyone here got news that China Energy is going to have roadshow in around Europe? |
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lg_6273
Elite |
20-Dec-2006 22:12
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_371EDCB5FCDBEAF34825724A004021F5/$file/Balloting_Announcement_20Dec06.PDF?openelement The Placement [240,812,000 Offering Shares], approximately 16.4 times subscribed. The Public Offer [8,000,000 Offering Shares], approximately 93.9 times subscribed. |
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YongJiu
Veteran |
19-Dec-2006 09:27
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last call for this counter, dun wait till 12pm =) |
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hogenterprise
Senior |
18-Dec-2006 12:42
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Such low subscription level for placement, i think the public will be even lesser. I will see after IPO b4 deciding to buy |
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pwcyan88
Member |
18-Dec-2006 11:17
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The Edge (18 Dec issue) reported that " about 97% of the 248 m shares have been placed with institutional investors in HK, S'pore, NY and London. It is 15 times oversubscribed. For fiscal year ending Dec 05, CE has reported a not profit of 27 rmb & for 6 mths this year, recorded profits if 84 rmb" . Are u subscribing this IPO. Best of luck. |
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lg_6273
Elite |
18-Dec-2006 10:26
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anybody knows the subcription level for placement shares? |
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ROI25per
Master |
17-Dec-2006 15:34
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gray mky price of 1-1.1; i doubt it can achieve that. this counter can be compared to jiutian which is right now trading @ $0.99 with a PE of 20++. it was IPO @ $0.29 China energy @ 83(higher end pricing) has a PE of aroun 22-24, so the upside to this counter is limited. This is purely my comments. |
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chinho
Member |
16-Dec-2006 23:35
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Is this JIUTAI Energy, www.jiutaichem.com ? the logo is same! what about jiutian? any lead? |
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cfmrocks
Member |
16-Dec-2006 23:34
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DBS atm? or UOB atm? worth buying?? |
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chew8888
Member |
16-Dec-2006 12:17
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It is available on the ATM, as well as internet banking. |
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CharmaineLim
Member |
16-Dec-2006 11:32
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cashiertan
Elite |
16-Dec-2006 01:43
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china shares is shooting like no tomolo in china stock market.. wonder if this one will be? |
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rogue_trader
Master |
16-Dec-2006 01:20
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Heard from my reminser that this counter grey market is +15 to 20 cents. Wonder how true is that? |
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Lonelydogs
Member |
15-Dec-2006 09:25
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Actually how does one apply? Only UOB ATMs? |
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YongJiu
Veteran |
15-Dec-2006 00:39
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why troublesome when there is $$$ to be make? |
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jasjasjas
Member |
14-Dec-2006 20:38
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so troublesome to apply this ipo |
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YongJiu
Veteran |
13-Dec-2006 17:37
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China Energy Ltd said it will launch its
initial public offering (IPO) here of 248.81 mln shares priced at 0.83
sgd each, tomorrow. The IPO consists of 240.81 mln placement shares and 8 mln for retail investors. Of the total to be issued, 219.90 mln are new shares. The company said the expected net proceeds of about 171.1 mln sgd will be used to expand its dimethyl ether (DME) production facilities and capacity. It plans to increase its DME production capacity to 600,000 metric tons per annum by the first half of next year from 150,000 mtpa currently, and to about 2.5 mln mtpa by the end of 2009. ABN AMRO Rothschild is the global coordinator, bookrunner and lead manager of the IPO, while UOB Asia Ltd is the coordinator of the public offer. The IPO will close on December 19, with the shares expected to start trading on the Singapore Exchange on December 21. China Energy reported net profit of 84.6 mln yuan in the first half of this year. |
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YongJiu
Veteran |
13-Dec-2006 17:09
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CHINA ENERGY LAUNCHES SINGAPORE IPO OF 248.81 MLN SHRS AT 0.83 SGD/SHR |
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