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Rokko Holdings LTD @ $0.25
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teeth53
Supreme |
29-Oct-2007 19:51
Yells: "don't learn through life, learn to grow with life " |
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Closed on supportive note: $0.34 cents. Vol: 26,437 lots is not that much to encourage trading.
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Pinnacle
Master |
25-Oct-2007 15:25
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New IPO in the precision engineering sector: Rokko Holdings Ltd. (Rokko) is a precision engineering group which primarily provides automated equipment and precision engineering services to customers in the semiconductor and electronics industries. Rokko's customer base stretches from South East Asia to North Asia and some parts of Europe, while its manufacturing facilities are situated in Singapore and Malaysia. As per its public listing on the SGX Sesdaq, Rokko is offering 30m new shares, of which 2m shares will be allocated to the public tranche. With an IPO price of S$0.25, Rokko will raise total net proceeds of S$6.2m. Expansion and new product development in the offing: Proceeds from the IPO will be used for three key purposes. The first is for expansion of its production capacity for its Stamping and Tooling Divisions (S$2m), which have contributed 13.4% and 23.2% of its FY06 revenue respectively. The second aim is for acquisitions, JVs and/or strategic alliances for expansion of its business, and working capital (S$2.7m). Lastly, S$1.5m of the proceeds will serve to aid Rokko in the development of its new products, which has always been the company's emphasis as it seeks to differentiate itself in the rapidly changing technology industry. Cyclicality of semiconductor industry: An average of about 85% of Rokko's revenue is derived from supplying tooling and equipment to the semiconductor industry. As such, its profits will inevitably move in lock step with this industry, which is highly cyclical and has recently gone through a lull in growth. Nonetheless, the semiconductor industry is gradually recovering from its previous downturns since 3Q05 and Rokko has been benefiting, as exhibited by an improvement in 2Q07 and 3Q07 sales figures as compared to 1Q07. Healthy set of financials registered: Rokko has been posting a healthy trend of topline growth over the past few years - CAGR of 90.7%. This is especially notable in FY06, where it reported a 104.6% YoY jump in revenue to S$30m, on the back of revenue increases across all three business divisions. In the same vein, its net profit shot up 264% to S$4.5m, resulting in a CAGR of 156% over the FY04 - 06 period. Rokko's Equipment division continues to be the key contributor to its turnover - 62% in both FY06 and 1Q07. Overall, all its three business divisions yield similar gross margins of around 36% - 39%. Based on maximum IPO price of S$0.25 per share, Rokko's historical PER is 7.0x. Companies in the similar industry are presently trading at an average historical PER of 8.1x. |
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jackjames
Elite |
25-Oct-2007 10:28
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tikam 20 lots.. wish me lucks. |
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edwinders
Member |
25-Oct-2007 09:39
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Close today (25th Oct 07) at 1200hr. | ||||||||
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rueyloon
Member |
24-Oct-2007 23:29
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so how ? anyone ? is this a good ipo ? or should I wait for all those China IPO ? | ||||||||
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edwinders
Member |
24-Oct-2007 23:21
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Anyone IPO ~ing for this Offer 25c per share? Tomorrow (25th Oct 07) cut off date at 1200hr. | ||||||||
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Pinnacle
Master |
18-Oct-2007 16:09
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The Invitation will be open from 19 October 2007 to 25 October 2007 (12.00 noon). Indicative time and date Event 12.00 noon on 25 October 2007 Close of Application List 26 October 2007 Balloting of applications, if necessary (in the event of over-subscription for the Offer Shares) 9.00 a.m. on 29 October 2007 Commence trading on a 1 November 2007 Settlement date for all trades done on a ?ready? basis?ready? basis |
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Pinnacle
Master |
18-Oct-2007 16:06
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OUR BUSINESS ? We provide automated equipment and precision engineering services to customers in the semiconductor and electronics industries. Our customer base stretches from South East Asia to North Asia and some parts of Europe ? Our manufacturing facilities are located in Singapore and Malaysia, and we have a presence in Indonesia OUR BUSINESS AREAS ? Our business is divided into three main segments: o Tooling ? design, development and manufacturing of precision tools used in the front-end and back-end processes in the semiconductor manufacturing process o Equipment ? design, development and manufacturing of customised automated equipment specific to customers? requirements, marketed under our proprietary ?Rokko? and ?Finix? brands, and o Stamping ? provision of connector stamping services as subcontractors to manufacturers in the electronics industry
Research and development capabilities ? More than 60% of our Group?s FY2006 revenue came from products of less than 3 years
? Successfully developed technology for:
o the manufacturing of precision tools made of durable material
o sawing and sorting equipment for IC chips
o equipment incorporating ball mount technology Experienced management and technical team ? Some key members of our management team have more than 10 years of relevant industry or business experience Our knowledge of the markets ? Accumulated substantial knowledge of the markets we have served, stretching from South East Asia to North Asia and some parts of Europe
? Ability to identify potential fabricators and suppliers who are able to meet the specific requirements of each project Long standing relationships with customers ? Repeat customers accounted for more than 90% of our revenue in FY2006
? PT. Advanced Interconnect Technologies and Unisem Europe Ltd have been customers for more than 10 years
? Texas Instruments group of companies and STMicroelectronics S.A. have been customers for approximately 10 years
? United Test and Assembly Center Ltd and STATS ChipPAC Ltd have been customers for more than 5 years
Asia Pacific to remain as key region for semiconductor activities ? South East Asia and North Asia expected to continue to be important semiconductor hubs Development of new consumer electronic products ? Tooling Division expected to continue providing our Group with a steady revenue stream, in view of continuous advancement in technology and the constant race towards development of new consumer electronic products
Expansion of production capacity for our Stamping and Tooling Divisions ? Acquire additional equipment and machinery for Stamping and Tooling Divisions, both in Singapore and Malaysia
? Increase overall production capacity for each of these Divisions by approximately 15% Development of new products ? Continuous investment in research and development process to develop more new products Acquisitions, joint ventures or strategic alliances ? Strengthen market position, value-add as well as allow expansion into new complementary businesses |
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Pinnacle
Master |
18-Oct-2007 16:01
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Invitation in respect of 30,000,000 New Shares comprising:- (a) 2,000,000 Offer Shares at $0.25 for each Offer Share by way of public offer; and (b) 28,000,000 Placement Shares by way of placement, comprising:- (i) 23,000,000 Placement Shares at $0.25 for each Placement Share for application by way of Placement Shares Application Forms; and (ii) 5,000,000 Reserved Shares at $0.25 for each Reserved Share reserved for our Directors, management and employees,
Manager, Underwriter and Placement Agent |
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