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.
|No||Investment or Research Companies||Target / Fair Price (RM)|
|2||Hong Leong Investment Bank||3.49|
|3||JF Apex Securities||3.00|
|4||Public Investment Bank||2.98|
If you have target price / fair value from another brokers, kindly leave your comment.