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Monday, April 20, 2015

Malakoff IPO

Opening of application

17/04/2015
Closing of application 28/04/2015
Balloting of applications 30/04/2015
Allotment of IPO shares to successful applicants 13/05/2015
Tentative listing date 15/05/2015

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Malakoff set for big comeback after RM3.15b IPO
Posted on 20 April 2015 - 05:39am
By Eva Yeong and Wan Ilaika Mohd Zakaria

KUALA LUMPUR: MMC Corp Bhd's power unit, Malakoff Corp Bhd is setting for a big comeback with its relisting on the Main Market of Bursa Malaysia Securities, which is slated for May 15, 2015.

The company is expected to raise up to RM3.15 billion in proceeds from the offering of 1.75 billion shares (including the over-allotment option) at a maximum indicative price of RM1.80 per share, which is subject to final determination.

The initial public offering (IPO) is expected to be one of the biggest in Malaysia and Asia this year.

Malakoff was first listed on the then Kuala Lumpur Stock Exchange in 1976 and was subsequently taken private in July 2007 following the completion of its acquisition by MMC.

"Based on the indicative price of RM1.80 per share, we see our company with a market capitalization value at around RM9 billion upon listing," its chairman Tan Sri Syed Anwar Jamalullail told a press conference after the launch of the IPO prospectus last Friday.

"This IPO is likely the largest in the country since 2012," he added, noting the IPO represents up to 30.4% of Malakoff's enlarged issue and paid-up share capital.

Since its privatisation, Malakoff has been growing its stable of assets and expanded into international water production and the renewable energy business. The IPO will see the inclusion of several new assets under its stable including Port Dickson Power Plant, Macarthur Wind Farm in Australia and Al Hidd IWPP in Bahrain.

Syed Anwar said bulk of the IPO proceeds will be used to fully redeem an RM1.8 billion Junior Sukuk Musharakah.

The IPO secured 12 cornerstone investors for its relisting, which include Social Security Organisation (Socso) and Lembaga Tabung Haji, CIMB-Principal Asset Management Bhd, Maybank Asset Management Bhd, Maybank Islamic Asset Management Sdn Bhd, Great Eastern Life Assurance (Malaysia) Bhd, RHB Asset Management Sdn Bhd, UOB asset Management (Malaysia) Bhd, Hong Leong Asset Management Bhd, Eastspring Investments Bhd, Kencana Capital Sdn Bhd and Corston-Smith Asset Management Sdn Bhd.

The cornerstone investors have agreed to acquire about 533.8 million shares, representing some 10.7% of the enlarged issued and paid-up share capital of the company.

Maybank is the IPO's transaction manager as well as joint global coordinator with CIMB, Credit Suisse and JPMorgan. Bank of America Merrill Lynch, Deutsche Bank, HSBC, Morgan Stanley, Nomura and RHB are the joint bookrunners.

Syed Anwar said the company will continuously looking into opportunities to grow its assets on the back of the increasing demand of power in the region. It aims to increase its power generation capacity to 10,000 megawatts and expand its water production capacity approximately by 150% by 2020, through domestic and international expansion.

Malakoff's core focus is on power generation, water desalination and operation and maintenance services. It currently has a net generating capacity of 6,036 megawatts and water production capacity of 358,850 cubic metres.

"With our international portfolio of power generation and water desalination assets, backed by our experience and established track record in operation and maintenance business, we are well-positioned to leverage the opportunities from growth in electricity and water demand in our target markets," he said, noting currently the company is also the largest independent power producer in South East Asia by effective power generation capacity.

Currently it has a total of six operational plants in the country, in which one is under construction, namely Tanjung Bin Energy Power plant in Pontian, Johor. It is scheduled to start operations in March 2016. This will add 1,000 megawatts to Malakoff's power plant portfolio.

In the Middle East and North Africa, the company owns four plants, a combination of both power and water desalination plants, Syed Anwar said. Its international assets include power and water ventures in Saudi Arabia, Algeria, Kuwait, Bahrain, Oman and Australia.

MMC is controlled by low-profile tycoon Tan Sri Syed Mokhtar Al-Bukhary.

Source: thesundaily

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NITIAL PUBLIC OFFERING (“IPO”) OF UP TO 1,521,740,000 ORDINARY SHARES OF RM0.10 EACH IN MALAKOFF CORPORATION BERHAD (“MALAKOFF”) (“IPO SHARES”) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 5,000,000,000 ORDINARY SHARES OF RM0.10 EACH IN MALAKOFF (“SHARES”) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING AN OFFER FOR SALE OF UP TO 521,740,000 EXISTING SHARES AND A PUBLIC ISSUE OF 1,000,000,000 NEW SHARES (“ISSUE SHARES”) INVOLVING:

(I) INSTITUTIONAL OFFERING OF UP TO 1,279,240,000 IPO SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (“INSTITUTIONAL PRICE”); AND

(II) RETAIL OFFERING OF 242,500,000 ISSUE SHARES TO THE DIRECTORS OF MALAKOFF, THE ELIGIBLE EMPLOYEES OF MALAKOFF AND ITS SUBSIDIARIES (“MALAKOFF GROUP”), PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE MALAKOFF GROUP THE DIRECTORS AND ELIGIBLE EMPLOYEES OF MMC CORPORATION BERHAD (“MMC”), THE ENTITLED SHAREHOLDERS OF MMC
AND THE MALAYSIAN PUBLIC, AT THE RETAIL PRICE OF RM1.80 PER SHARE (“RETAIL PRICE”),
PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED HEREIN) IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE,

SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND THE OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF:

Wednesday, April 8, 2015

Newbie Portfolio

Refer to my earlier article on newbie. One newbie started 3rd quarter last year, but he somehow stopped already, busy with study.


Another investor, he is more advance, not really a newbie, but what he is doing is the same as me, the first newbie, and all who is and will continue be doing:
Buy fundamental stock.
About the same value per transaction (increase evenly if got more money)
Continue for at least 3, 5 or 7 years or more.



Newbie A
Month Stock Cost   Current Price Profit/(Loss)
1          B         1.45     0.855          (41.03)
2          D         2.22     1.97          (11.26)
3          C         1.2     1.18          (1.67)
4         H        1.4     1.55           10.71
5  Stop. Busy
6 Stop. Busy
7 Stop. Busy
8 This month not end yet




Investor B
Month Stock Cost     Current Price Profit/(loss) %
1        H         0.485 0.535 10.31%
2        Y        1.500 2.090 39.33%
3        P              1.260 1.380 9.52%
4        L             13.680 14.880 8.77%
5        C              1.080 1.040 (3.70%)
6       U        2.760 2.850 3.26%




Review.
I think I have mentioned earlier, newbie A's plan is to invest about RM1,000 per transaction.
For info, Investor B's plan is about RM1500

Timing is important.
Newbie A started earlier than B. At that time market crash, so he made HUGE LOSSES.
But if you look at his subsequent investment, started some profit. 
Investor B went in at the right timing. Made huge gain because bought at bottom.
The point is, we don't know how to time the market, but as long as we keep investing, profit will come.















Tuesday, March 31, 2015

BIOALPHA HOLDINGS BERHAD IPO

Timetable for IPO

BIOALPHA HOLDINGS BERHAD

Opening of application 26/03/2015
Closing of application 02/04/2015
Balloting of applications 06/04/2015
Allotment of IPO shares to successful applicants 13/04/2015
Tentative listing date 14/04/2015


PUBLIC ISSUE OF 100,000,000 NEW ORDINARY SHARES OF RM0.05 EACH IN OUR COMPANY (“SHARES”) AT AN ISSUE PRICE OF RM0.20 PER SHARE PAYABLE IN FULL UPON APPLICATION IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:
• 20,000,000 SHARES AVAILABLE FOR APPLICATION BY THE PUBLIC ; AND
• 80,000,000 SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS.



Company Name BIOALPHA HOLDINGS BERHAD (ACE Market)
Stock Code BIOHLDG


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Bioalpha Holdings Berhad (BHB) is principally involved in the manufacturing and sale of semi-finished and finished health supplement products, as an ODM, as well as under the Company’s proprietary house brands. Our health supplement products comprise processed herbs, formulated ingredients, functional foods as well as herbal and non-herbal supplements which offer a variety of health benefits including detoxification, immune system health, blood glucose regulation and brain health, as well as beauty benefits such as weight management and anti-aging.








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