Tune Ins Holdings IPO Oversubscribed by 2.07 times

Tune Ins HoldingsTune Ins Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 37.6 million shares. It was oversubscribed by 2.07 times. The IPO attract 8,366 applications or 115.4 million shares.

The Institutional Price was fixed at RM1.35 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.35 per Offer Share. The difference of RM0.20 per IPO Share will be dispatched to successful retail applicants within 10 market days from 7th February 2013.

Below are the allotment summary.

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Stocks to Watch Before & After General Election 2013

 The impending general election may be wrong-footing stock market investors due to uncertainty concerns. But if you are one of those banking on the current administration staying in power, there are some stocks that are worth taking a bet on.

These are companies that are doing well but which also have a political flavour one way or the other. These could be in the form of government contracts, shareholdings or just personalities involved in their key management or ownership.

The table below is eight stocks to keep on your radar.

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Tune Ins Holdings Berhad IPO

Tune Ins HoldingsTune Ins Holdings Bhd, an insurance products manager is scheduled to be listed in Main Market of Bursa Malaysia on 22nd February 2013.

The Initial Public Offering (IPO) consists of public issues of 143.37 million new ordinary shares and offer for sale of 66.85 million ordinary shares at an IPO price of RM1.55 per share at RM0.10 par value.

The institutional price will be determined by way of book building while for the retail application, RM1.55 is payable upon application. If the final retail price is lower, the difference will be refunded.

Out of this, 41.36 million shares allocated for application by Malaysian public, to eligible directors, employees  and persons who have contributed to Tune Ins Holdings. The remaining shares are for institutional investors.

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EPF Top 30 Equity Investments in Bursa Malaysia, Q4 2012

EPF

Every 3 months, since March 2010, EPF reveals its top 30 equity investments in Bursa Malaysia. The aim for this is to promote greater transparency and to reassure members that investment undertaken are in the best interest of growing their retirement savings and in accordance to best practices in investment and governance.

For Q4 2012, when compared to Q3 2012, EPF generally reduce their investment in top 30 companies listed in Bursa Malaysia.

The most notable changes were Hong Leong Bank, Malaysia Airports Holdings Bhd & Axiata Group Bhd appear in the list while Star Publications Bhd, Sapura Kencana Petroleum Bhd  & IOI Corporation Bhd dropped.

In the same period, EPF had increased their share in Maybank for 2.88 percent, Telekom (M) for 1.48 percent and Public Bank for 1.42 percent. Major share reduction were RHB Capital for RHB Capital for 4.33 percent and IJM Corp for 1.91 percent.

The table below are the Top 30 Equity Investments in companies listed on Bursa Malaysia as of 31st December 2012.

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OSK 2013 Strategy for Construction Sector

OSK maintaining an OVERWEIGHT rating on the construction sector as its underperformance is unjustified given the strong contract wins in 2012. Based on tracking of jobs flow on Bursa Malaysia, Malaysia’s public-listed contractors had secured close to RM25bn worth of contracts as of 9M12.

Things certainly look rosier for 2013, during which more meaningful earnings contribution from works carried out on the KV MRT may be expected.

OSK continue to like Gamuda (BUY, FV: RM4.90) among the big caps counters and KimLun (BUY, FV: RM2.46) for small-cap counters.

Below are the target price, market capitalization and rating for selected stocks in construction sector.

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