Target Price Compilation


AstroThe demand for the Astro Malaysia IPO was very good. The  institutional portion of the initial public offering has been  oversubscribed by more than 20 times. On the retail front, it was oversubscribed by 6.08 times. Astro Malaysia IPO is the third largest this year behind FGV and IHH.

Various research houses give early target or fair prices for Astro Malaysia ahead of the listing day on 19th October 2012. All of them generally targeted higher than IPO subscription prices of RM3.00 per share in the range of RM3.09 to RM3.53. The average figure is RM3.25 or 8.4% higher than IPO price.

The table below is the compilation of target price / fair value from various research houses.

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The demand for the IGB REIT IPO was very good. The  institutional portion of the initial public offering has been  oversubscribed by more than 30 times and oversubscribed by 21.75 times by the Malaysian public. IGB REIT IPO is the forth largest this year behind FGV and IHH.

The dividend yield for the IGB REIT was likely to be 5.1% to 5.2% a year.

Various research houses give early target or fair prices for IGB REIT ahead of the listing day, tomorrow 21st September 2012. All of them generally targeted higher than IPO subscription prices of RM1.25 per share in the range of RM1.37 to RM1.45.

The table below is the compilation of target price / fair value from various research houses.

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IHH Healthcare BerhadIHH Healthcare was one of the most wanted IPO in 2012.

While there are many criticism that this IPO have very high PE Ratio, the demand for the IPO was very good. The  institutional portion of the initial public offering has been  oversubscribed by more than 100 times by 22 cornerstone investors.

On the retails front, the final date to apply for this IPO is today, 11th July 2012. For those who are still undecided, you may want to look at Target Prices / Fair Value of IHH Healthcare & make your decision. The dateline is until  5pm today

Various research houses give early target or fair prices for IHH Healthcare ahead of the listing date of 25th July 2012. All of them generally targeted higher than IPO subscription prices of RM2.85 per share. However, the target price is only marginally higher than IPO price unlike FGVH which listed last month.

The table below is the compilation of target price / fair value from various research houses.

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FELDA

FELDA Global Ventures Holdings (FGVH) was one of the most wanted IPO in 2012.

The demand for the IPO was very good. We can see that, the  institutional portion of the initial public offering has been  oversubscribed by 45 times. On the retails front, it was oversubscribed by 6.75 times.

For those who lucky enough to get the IPO or want to buy FGVH shares from the open market, you may want to look at target price / fair value.

Research houses give early target or fair prices for FGVH ahead of the listing date of 28th June 2012. Most of them generally targeted higher than IPO subscription prices & all of them aim higher than RM5.00. For comparison, the IPO price is RM4.45 for retail investors and RM4.55 for the institutional investors.

In average, the target price is approximately 24 percent higher than the IPO price. The table below is the compilation of target price / fair value from various research houses.

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Deleum Berhad

Deleum Berhad (5132), is a provider of a diverse range of supporting specialized products and services for the oil and gas industry, particularly the exploration and production of oil and gas. Deleum participation in oil and gas industry was dated since 1982.

Three largest shareholders of Deleum are Lantas Mutiara Sdn Bhd, Hartapac Sdn Bhd and Datuk Vivekananthan with total holdings of more than 40 percent.

Deleum is known pay attractive dividend to the shareholders. For the past 3 years the dividend yield stays above 6% which is about 2 times of the current fixed deposit rate.

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