Posted by euscilyn > 2012-09-06 15:48 | Report Abuse

KC Loh, usually how soon their will announce our application successful or not?

Posted by lcng123 > 2012-09-06 23:20 | Report Abuse

euscilyn, let me answer your question. By next week, you can check your bank account. If the amount you used to apply IPO is credited back into your account, that mean you are unsuccessful, otherwise I might congratulate to you.

Posted by Carlsson Lim > 2012-09-07 00:40 | Report Abuse

http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=22854:reit-1-25&Itemid=198

Is over subscribe for over 30 times!! Wish best of luck on getting it.....

Posted by euscilyn > 2012-09-07 08:02 | Report Abuse

noted. thank you LCNG123

Posted by euscilyn > 2012-09-07 08:15 | Report Abuse

KUALA LUMPUR: IGB Real Estate Investment Trust (REIT) has priced its initial public offering (IPO) to institutional investors at the top of an indicative range in a deal that will raise about US$260mil in the buoyant Malaysian market, according to sources.

The IPO was priced at RM1.25 per share, said sources with direct knowledge of the deal who were not authorised to speak publicly on the matter. The REIT had been offered to large investors such as pension and mutual funds at a RM1.15-to-RM1.25 range.

The deal is set to be the fourth largest IPO this year in Malaysia, and follows high-profile share sales by planter Felda Global Ventures Holdings Bhd (FGVH) in June and IHH Healthcare Bhd in July.

The institutional tranche of the offer was about 30 times oversubscribed, one of the sources said, underscoring the growing interest in Malaysian deals and the emergence of South-East Asian capital markets.

Equity issuance in Malaysia year-to-date stands at about US$7.9bil, compared with US$3.9bil last year, and Malaysian IPOs have gained 17% year-to-date on average, according to Thomson Reuters publication IFR.
The Gardens Mall is one of the properties of IGB REIT. The Gardens Mall is one of the properties of IGB REIT.

The IGB REIT was likely to yield 5.1% to 5.2% a year, IFR reported, making it appealing to investors looking to bolster returns amid volatile stock markets and with global interest rates near record lows.

Demand was also buoyed by the relatively small size of the deal, compared with FGVH's US$3.1bil IPO and US$2.1bil IHH dual-listing.

The property trust owns two Kuala Lumpur shopping malls the Mid Valley Megamall and the Gardens Mall.

Meanwhile, MIDF Research has placed a fair valuation of RM1.43 per share based on the resilient earnings of Malaysian REITs. The research house said there had been strong interest in IGB REIT with the retail and institution portions of the offer for sale oversubscribed.

“Hence we believe our estimated fair value (capital gain potential of 14%) is not overly optimistic,” it said. Reuters

Posted by Carlsson Lim > 2012-09-07 19:45 | Report Abuse

http://www.mih.com.my/index.php?page=pr533
Over subscribe by 21 times

Posted by heehaa > 2012-09-07 19:58 | Report Abuse

y there is no statistic for bumiputera category?

Posted by PaulinaYong > 2012-09-07 20:21 | Report Abuse

TP RM1.50

Posted by bvc100x > 2012-09-07 20:26 | Report Abuse

TP RM1.25 lolx.

Posted by PaulinaYong > 2012-09-07 20:28 | Report Abuse

Suit yourself..

Posted by bvc100x > 2012-09-07 20:28 | Report Abuse

Paulina, I love u.