EPF Top 30 Equity Investments in Bursa Malaysia, Q2 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 Q2 2012, when compared to Q1 2012, EPF generally increase their investment in top 30 companies listed in Bursa Malaysia.

The most notable changes were TM & UMW Holdings back in the list together with MBM Resources replacing Hong Leong Bank, Axiata Group  & POS Malaysia.

In between March to June 2012, EPF had increase their share in IJM Corporation and KPJ Healthcare by more than 2 percent and trim Public Bank stake by 4 percent.

The table below are the Top 30 Equity Investments in companies listed on Bursa Malaysia as of 30th June 2012.

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Gabungan AQRS IPO Oversubscribed by 0.51 times

Gabungan AQRS BerhadGabungan AQRS Berhad Initial Public Offering (IPO) received a fair response with its public portion of 18 million shares. It was oversubscribed by 0.51 times. The IPO attract 3,454 applications or 27.2 million shares.

Out of 18 million shares made available to the public, 9 million shares were allocated for each Bumiputera and Malaysian Public category.

Below are the allotment summary.

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IHH Healthcare IPO Oversubscribed by 5.45 times

IHH Healthcare BerhadIHH Healthcare Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 161.14 million shares. It was oversubscribed by 5.45  times. The IPO attract 65,834 applications or 1.04 billion shares.

The Institutional Price was fixed at RM2.80 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM2.80 per Offer Share. The difference of RM0.05 per IPO Share will be despatched to successful retail applicants within 10 market days from 16 July 2012.

The IPO allocate 208.51 million shares for public. Of these, 80.57 million shares were allocated for Bumiputera category while 80.57 million shares were allocated for Malaysian Public category.

Below are the allotment summary for public portion.

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Target Prices / Fair Value for IHH Healthcare Berhad

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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OCK Group IPO Oversubscribed by 8.30 times

OCK Group BerhadOCK Group Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 7 million shares. It was oversubscribed by 8.30 times. The IPO attract 3,087 applications or 65.06 million shares.

The IPO allocate 7 million shares for public. Of these, 3.5 million shares were allocated for Bumiputera category while 3.5 million shares were allocated for Malaysian Public category.

Below are the allotment summary for public portion.

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