Recently, HSBC Malaysia upgraded their VISA Platinum to VISA Signature Credit Card. All existing VISA Platinum card holders will be automatically upgraded to VISA Signature.
In conjunction with the the new VISA Signature launching, HSBC rewards 5 times more points for every RM spend at selected shopping malls, departmental stores, groceries and overseas usage on hotel & dining during the programme period.
Below are the details on the selected shopping malls, departmental stores, groceries.
Boilermech Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its Malaysian public portion of 8 million shares. It was oversubscribed by 66.32 times.
The IPO attract 14,652 applications or 538.6 million shares. For the Bumiputera portion, a total of 5,624 applications were received while under the Malaysian public category a total of 13,365 applications were received.
Below are the allotment summary
MClean Technologies Bhd, a precision cleaning and plastic injection moulding service provider in Singapore is schedule to be listed in ACE Market on 10th May 2011.
MClean Technologies’s IPO consists of public issue of 15.4 million new ordinary shares at an IPO price of RM0.52 per share with RM0.25 par value. The issues come with 7.7 million free warrants. Out of this, 2.7 million shares & 1.35 million free warrants are allocated to Malaysian public.
On top of new shares issues, 11 millions of existing shares come with 5.5 million free warrants are for sale to identified investors.
Masterskill Education Group Berhad (MEGB, 5166) was incorporated in1997. It was listed in Bursa Malaysia Main Market on 18th May 2010 at an IPO price of RM3.80. The shares price drop to below RM1.70 in March 2011 due to heavy share disposal by their foreign investor.
Regardless, on why foreign investors decided to dispose their shares, MEGB has a recession proof business with a good growth prospect.
They are going to pay good dividend yield too. In the IPO prospectus, MEGB specify that they intend to pay in between 50% to 60% from net profit as dividend. For financial year end 31st December 2010, they keep their promise and pay 60% of net profit as dividend. This translate to 14.9 sen & dividend yield of 7.2 %. This clearly more than double of current fixed deposit rate. Share price recover improve after 2010 final dividend announcement.
There are a few research house make buy recommendation for MEGB. The table below are the latest fair value or target price.
Focus Lumber Berhad Initial Public Offering (IPO) received an overwhelming response with its Malaysian public portion of 6 million shares. It was oversubscribed by 63.92 times. The IPO attract 16,963 applications or 389.5 million shares.
For the Bumiputera portion, a total of 6,703 applications were received while under the Malaysian public category a total of 15,423 applications were received.
Below are the allotment summary