IPO


petronas

It was speculated earlier that Petronas Carigali to listed in Bursa Malaysia when Prime Minister announced to reduce state ownership in the private sector early this year. However, it did not materialize after Petroliam Nasional Bhd (Petronas) listed Malaysia Marine and Heavy Engineering Holdings Bhd (MHE) and Petronas Chemicals Groups (PCG).

Now, the speculation come to surface again as a few of stock research companies such as MIDF Research and OSK Research release reports of possible IPO for Petronas Carigali.

Petronas Carigali Sdn Bhd is the exploration unit of Petronas, may be listed on Bursa Malaysia in 2011 and it is expected to attract a large number of foreign funds.

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petronas

Investors and analysts were generally bullish on Petronas Chemicals Group Bhd’s (PCG) listing on Bursa Malaysia tomorrow, saying Southeast Asia’s largest initial public offering (IPO) to date will hold its ground although tension in the Korean peninsula continues to threaten sentiment.

Apart from the chemical company’s strong financial fundamentals, analysts say it enjoys strong leverage from its parent company, the national oil corporation, Petroliam Nasional Bhd (Petronas).

Investment houses giving early target or fair prices for PCG. Most of them generally targeted  higher than IPO subscription prices. For comparison the IPO price is RM5.04 for individual and RM5.20 for institutional investors

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petronas

Petronas Chemicals Group (PCG) has received orders for about 21 times the shares available in its RM12.8 billion initial public offering (IPO) for institutional offering. The retail offering of 293 million shares was oversubscribed by 2.5 times.

Shares were priced at RM5.20 each for institutions while individual investors get 3 percent discount at RM5.05. Demand for the shares exceededing the supply, with the institutional offering attracting orders for about RM92.6 billion worth of shares. The IPO values Petronas Chemicals at RM38.8 billion, or 16.3 times profit, a 38 percent premium to the industry median.

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petronas

When Petronas Chemicals Group (PCG) will make its debut on Bursa Malaysia on 26th November 2010, collectively Petronas group will account for over 10 per cent of Bursa Malaysia’s total market capitalisation and over 16 per cent of the FBM KLCI.

PCG debut on Bursa Malysia is the second initial public offering (IPO) by Petroliam Nasional Bhd this year. Last October, Petronas Rig builder, Malaysia Marine and Heavy Engineering Bhd (MHB), made its debut on Bursa Malaysia, jumped 19 per cent to RM4.51 in its first trading day.

With the inclusion of the PCG’s IPO and MHB, Petronas will have six companies listed on Bursa Malaysia, with a total market capitalisation of RM124 billion. The other four companies are MISC Bhd, Petronas Dagangan Bhd, Petronas Gas Bhd and KLCC Property Holdings Bhd

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initial public offering

Basically, there are a few ways to apply for IPO such as via ATM machines and internet banking. For me the easiest method is via internet banking as I can do it anywhere providing I have internet connection.

Before you start, make sure you follow these rules,

  1. Malaysian citizen above 18 years old.
  2. Malaysian citizen residing in Malaysia
  3. Active CDS account registered under your own name. Nominees or third party CDS Accounts are not allowed. If you don’t have CDS account read here on how to open.

Below are step by step guides on how to apply for PCGB IPO via CIMBClicks. The step to do it via Maybank2U very much similar except the first 3 steps. You have to go in “Investment” & “eShare” menu.

I believe it should be very close if you do it via other bank internet banking as well.

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