Btw, the company committed to declare 30% profit for dividend. If 17M x 4 = 68M x 0.3 = 20.4/340 = 6 cents dividend or 4% of the IPO. Still higher than FD.
Recently new IPO stocks hardly seen the price drop below IPO except AAX. But for property stocks still very strong. Don't forget, the land price in KL will only rise. So future earning is potential coz share capital only 340M. And floating share is not much. Like matrix, when it rise, nothing can stop.
T800, it will not be another matrix. At the time of listing, Matrix's PE is only 4 and expected dividend yield between8-9%. Figures said it all. If entry price is low enough, small short term profit is still possible given large price fluactuation during this stage.
tomorrow will up...if you looked at all the recent ipo all are much higher than the ipo price for at least 1 week even thought inbetween there were up and down. titijaya for now its only up by 9 cents of a 1.50, that is only like 6%....so tomorrow i bet it will go up to 1.70.
T day transaction is 76,242,400 with the price range 1.64 - 1.92. What will happen on T+3? Those don't have holding power will get burn when received force sales phone call.
lesson to companies listing - do not give too many pink forms to employees without a lock-in period. most people in bolehland do not understand investment.
I get IPO at 1.50 12000 units,sell it at 1.72,u can see that the management not really support it at 1.75. so it is dangerouse to buy for contra.My personal view now..may be is time to buy some at 1.55"test water". If break 1.49-1.50 then hv to sell it.
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....
chean1984
470 posts
Posted by chean1984 > 2013-11-28 17:47 | Report Abuse
at the moment I don't think it will go up. Let the price stable first