Bumi Armada IPO Oversubscribed by 9.50 times

Bumi Armada Berhad

Bumi Armada Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 58.6 million shares. It was oversubscribed by 9.50 times. The IPO attract 57,941 applications or 614.6 million shares.

The institutional IPO prices was fixed at RM3.03 per share. Accordingly, the final retail price was fixed at RM3.03 per shares. The refund of RM0.12 per share will be send to successful retail applicants by 10 market days.

29.3 million shares were allocated for Bumiputera category while 29.3 million shares were allocated for Malaysian Public category. Below are the allotment summary for public portion.

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Inari IPO Oversubscribed by 10.42 times

Inari Berhad

Inari Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 10 million shares. It was oversubscribed by 10.42 times. The IPO attract 6,308 applications or 114.2 million shares.

The new 62.6 million shares allocated for private placement were successfully being placed out. On top of that, 10.4 million new shares make available under pink form have been fully subscribed.

For retail public portion, 5 million shares were allocated for Bumiputera category while 5 million shares were allocated for Malaysian Public category.

Below are the allotment summary for retail public portion.

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OSK Construction Sector Stock Picks, Jul 2011

OSK expect will better in 2H and maintain OVERWEIGHT to the sector. Despite the weak numbers on domestic contract flows in 2Q, OSK remain bullish on the sector. The KLCON has underperformed the KLCI by 4.3% YTD as investors have probably gotten impatient on the momentum of awards.

OSK views this as an opportune time to load up on the sector as contract awards should pick up in 2H as major projects such as the MRT, LRT and River of Life kick off.

The sector should also benefit from a potential early General Elections which we expect to be held this year.

Below are the target price for selected stocks in construction sector.

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Deleum, Dividend Yield & Fair Value/Target Price

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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2010 Price & Capital Appreciation of Malaysian Property

Property

When investing in property, one of the most important point to be taken is the location of the property. This will determine how much return the investor will gain from the purchase.

Before determining the exact location to the property, investors may want to know which state in Malaysia is giving the highest capital appreciation and also the average property price.

The table below are the average price and percentage price increase for residential property in all state in Malaysia. The data are from RAM Economics.

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