If I'm not wrong, first 100 MMC : 100 Malakoff, and then remaining 3400 MMC : X Malakoff. X is the pro-rata which I also am not too clear exactly how many.
Pursuant to the initial public offering of Malakoff (“IPO”), 72,000,000 Issue Shares are reserved for application by the shareholders of MMC (except for the Excluded Shareholders (as defined below)) whose names appear in the record of depositors of MMC as at 5.00 p.m. on 15 April 2015 (“Entitlement Date”) and who are eligible to apply for the Issue Shares under the Restricted Offering (“Entitled Shareholders of MMC”), and shall be allocated in the following manner:
(a) each Entitled Shareholder of MMC who applies for at least 100 Issue Shares is guaranteed an allocation of 100 Issue Shares; and
(b) any remaining Issue Shares after the allocation under item (a) above shall be allocated to the Entitled Shareholders of MMC who apply in excess of 100 Issue Shares on a pro-rata basis according to their respective shareholdings in MMC as at the Entitlement Date,
Kenanga Research "Listing of Malakoff finally here but 1MDB’s still uncertain. The relisting of Malakoff is on track in 2Q15 after being delayed several times earlier. This would help MMCCORP (OP; TP: RM3.03) to unlock value through the listing of its power assets, Malakoff, slated to be in 2Q15. Based on the illustrative IPO price of RM1.80 (stated in the circular to shareholders), Malakoff is valued at RM9.0b. This implies 16.0x on CY15 earnings. Note that we only value Malakoff in MMC’s SoP valuation at RM6.9b. If it Malakoff IPO’s valuation is set at RM9.0b, our MMC’s TP will likely be revised higher to RM3.31 from currently RM3.03"
Congratulation MMC selling malakoff share at 20 PE ratio NA 1.10 sell at 1.80. with only 1000MW Coal fire coming on stream but 400MW CCGT expiring. this kind of lousy prospect, i rather buy Maybank with 5.5 yield and 13 PE ratio.
come on..wont u guys feels weird when everyone..i mean everyone is talking the positive sides of Malakoff..for me its something fishy there..reverse thinking..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
localmotive
258 posts
Posted by localmotive > 2015-03-24 17:56 | Report Abuse
Hello ExLaSalle84. Jikalau Malakoff IPO RM1.80, harga MMC Corp jadi, naik berapa? Apakah pendapat ExLaSalle84?