Performance of 2010 Initial Public Offering (IPO)



In 2010, there is 29 new Initial Public Offering (IPO) compare to 14 in 2009. Out of 29 listings, 23 companies were listed on the Main Board of Bursa Malaysia, while the rest were on the ACE Market.

How do they performed?

Based on data compiled from Bursa Malaysia, 17 out of 29 stocks closed higher than their offer price on the listing date. However, on 30th December 2010, the last trading day, only 12 closed higher than offer price. Seem like IPO stocks performance in 2010 is not very encouraging.

In January 2011, 3 more IPOs will be listed in Bursa Malaysia. They are K. Seng Seng Corporation, Benalec Holdings and Tambun Indah Land. With 2010 IPO performance data, are you going to subscribe to 2011 IPO?

The table below are the summary of 2010 IPO performance.

Company Listing Date Listing Price (RM) First Day Closing (RM) First Day Premium / Discount (%) 30th Dec Closing (RM) 30th Dec Premium / Discount (%)
HOMERITZ CORPORATION 19 Feb 0.65 0.66 0.77 0.46 -29.23
JCY INTERNATIONAL 25 Feb 1.60 1.46 -8.75 0.81 -49.69
HOCK HENG STONE INDUSTRIES 26 Mar 0.55 0.58 4.55 0.44 -20.00
OVERSEA ENTERPRISE 01 Apr 0.23 0.25 8.70 0.15 -34.78
ECS ICT 15 Apr 1.46 1.42 -2.74 1.33 -8.90
TURBOMECH 30 Apr 0.63 0.65 3.17 0.63 0.00
SEREMBAN ENGINEERING 10 May 0.85 0.81 -4.71 0.65 -24.12
MASTERSKILL EDUCATION GROUP 18 May 3.80 3.96 4.21 2.07 -45.53
SARAWAK CABLE 25 May 0.70 0.68 -3.57 1.21 72.86
KSTAR SPORTS LIMITED 04 Jun 2.15 2.23 3.72 0.40 -81.63
SHIN YANG SHIPPING CORP 23 Jun 1.10 1.11 0.91 1.03 -6.36
KIMLUN CORPORATION 29 Jun 0.97 0.97 -0.52 1.56 60.82
SUNWAY REAL ESTATE INVT TRUST 08 Jul 0.90 0.89 -1.67 1.03 14.44
CAPITAMALLS MALAYSIA TRUST 16 Jul 1.00 0.98 -2.00 1.12 12.00
EA HOLDINGS 20 Jul 0.25 0.66 164.00 0.50 98.00
TATT GIAP GROUP 22 Jul 0.58 0.61 5.17 0.51 -12.07
IVORY PROPERTIES GROUP 28 Jul 1.00 1.30 30.00 1.03 3.00
SCC HOLDINGS 03 Aug 0.78 0.78 0.00 0.56 -28.21
SIG GASES 09 Aug 0.58 0.61 5.17 1.02 75.86
BERJAYA RETAIL 16 Aug 0.50 0.51 1.00 0.47 -6.00
FOCUS POINT HOLDINGS 23 Aug 0.39 0.36 -7.69 0.35 -10.26
MSIAN GENOMICS RES CENTRE 05 Oct 1.08 0.94 -12.96 0.90 -17.13
CYPARK RESOURCES 15 Oct 1.10 1.02 -7.27 1.44 30.91
GW PLASTICS HLDG 18 Oct 0.76 0.79 3.29 0.76 0.00
MALAYSIA MARINE AND HEAVY ENG 29 Oct 3.80 4.51 18.68 5.90 55.26
CHINA OUHUA WINERY HLDGS LTD 03 Nov 0.60 0.66 9.17 0.70 15.83
PETRONAS CHEMICALS GROUP 26 Nov 5.20 5.31 2.12 5.52 6.15
CAREPLUS GROUP 06 Dec 0.23 0.27 17.39 0.34 47.83
SOZO GLOBAL LIMITED 17 Dec 0.80 0.80 0.00 0.71 -11.25


Leave a Comment

  • zam4ever 2nd January, 2011, 11:10 pm

    Info yg sangat menarik! Thanks for above compilation.

    Reply
  • SM 3rd February, 2011, 12:46 pm

    What is the different buying stocks during IPO and during listed later?

    Reply
  • 1mdb.com 5th February, 2011, 12:50 am

    SM,

    For a very good stock such as MMHE & PCHEM, the price after listed is much higher than its IPO price. Other than that, normally the price of IPO’s is up on the first day of listing.

    Reply