Consumer Sector


Bioalpha HoldingsBioalpha Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 20 million shares. It was oversubscribed by 32.73 times. The IPO attract 9,804 applications or 663.7 million shares.

Notices of Allotment will be dispatched by post to all successful applicants on or before 13th April 2015. Kronologi Asia is expected to be listed on the ACE Market of Bursa Malaysia on 14th April 2015 under stock name “BIOHLDG”.

Below are the allotment summary.

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Bioalpha HoldingsBioalpha Holdings Bhd, an integrated health supplements company principally involved in manufacture and sales of semi-finished and finished health supplement products, is scheduled to be listed in ACE Market of Bursa Malaysia on 14th April 2015.

The Initial Public Offering (IPO) consists of 100 million new ordinary shares at an IPO price of RM0.20 per share at RM0.05 par value. 80 million will be for selected investors while the remaining 20 million shares available for application from the Malaysian public.

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Heng Huat Resources GroupHeng Huat Resources Group Bhd, a company involved in manufacturing and trading of coconut and oil palm biomass materials, is scheduled to be listed in ACE Market of Bursa Malaysia on 25th July 2014.

The Initial Public Offering (IPO) consists of 46.5 million new ordinary shares and offer for sale of 14.66 million shares at an IPO price of RM0.45 per share at RM0.10 par value. 49.16 million shares will be for private placement, 5 million shares to the eligible employees while the remaining 7 million shares will be opened to the Malaysian public.

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For May, OSK see the risk of a global pullback increasing, following a strong performance by global markets in the past 4 months.

Coupled with the poor track record of markets during the period of May–Sept, OSK advise investors to heed the old maxim of “Sell in May and Go Away”. If markets do take an early tumble, then those with longer investment horizons should consider stocks in the Construction, O&G and Banking sectors which will benefit from the ETP.

For May, OSK recommend defensive stock such as Telcos and consumption related stocks which might benefit from a drop in commodity prices such as AirAsia (jet fuel) and Media Chinese (newsprint).

The table below is the target price for OSK’s May 2012 top picks.

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CSL

China Stationery Limited Initial Public Offering (IPO) did not received a good response response of their public portion of 60 million shares. The subscription rate was only 50 percent.

The IPO attracted 2,836 applications or 29.88 million shares. The remaining unsubscribed 30.1 million shares relocated to the private placement.

In addition, 163 million shares made available for private placement to identified investors have been placed out.

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