Forbes Asia 200 Best Under A Billion 2012

The companies fall under Forbes Asia-Pacific 200 Best Under A Billion 2012 must show both sales and earnings growth. To qualify they must have annual revenue between $5 million and $1 billion and be publicly traded for at least a year.

Then the companies are then screened for earnings growth, sales growth and return on equity in the past 12 months and over 3 years.

There are 14 Malaysia companies listed. The table below is the full list of Forbes Asia 200 Best Under A Billion for 2012.

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List of Past & Upcoming IPOs for 2011

Initial Public Offering

So far, 2011 is a good year for Initial Public Offering (IPO) listing in Bursa Malaysia. At the time of writing, there were 14 new IPOs listed. Out of these figure 8 IPOs were listed in the Main Market while 6 were listed in ACE Market.

All the IPOs debuted higher than IPO price on the first day of listing. However, 3 out of the stocks close lower than IPO price at the time of writing.

If you are interested to apply for upcoming IPO, take a look at the following table which shows the upcoming IPO for 2011.

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Benalec IPO Oversubscribed by 4.92 times

Benalec Holdings Initial Public Offering (IPO) received an overwhelming response with its Malaysian public portion of 36.5 million shares. It was oversubscribed by 4.92 times.

The IPO attract 11,684 applications or 216 million shares. For the Bumiputera portion, a total of 4,296 applications for 73.5 million shares were received which represents an oversubscription rate of 3.03 times.

The Public Issue and Offer for Sale exercise comprises;

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Performance of 2010 Initial Public Offering (IPO)

In 2010, there is 29 new Initial Public Offering (IPO) compare to 14 in 2009. Out of 29 listings, 23 companies were listed on the Main Board of Bursa Malaysia, while the rest were on the ACE Market.

How do they performed?

Based on data compiled from Bursa Malaysia, 17 out of 29 stocks closed higher than their offer price on the listing date. However, on 30th December 2010, the last trading day, only 12 closed higher than offer price. Seem like IPO stocks performance in 2010 is not very encouraging.

In January 2011, 3 more IPOs will be listed in Bursa Malaysia. They are K. Seng Seng Corporation, Benalec Holdings and Tambun Indah Land. With 2010 IPO performance data, are you going to subscribe to 2011 IPO?

The table below are the summary of 2010 IPO performance.

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Marine Construction Stock IPO, Benalec Holdings Berhad

Benalec Holdings Bhd, Malaysia’s second largest marine construction firm, is schedule to be listed in Main Market on 17th January 2011. The company, was established in 1978 is also eyeing to expand its marine construction services regionally especially in Indonesia and Vietnam.

Benalec’s IPO consists of a public issue of 100 million ordinary shares at an IPO price of RM1.00 per share with RM0.25 par value.

36.5 million shares will be allocated for the Malaysian public, 57 million shares for private placement and 6.5 million shares for eligible directors, employees and business associates of the group. On top of that 130 million shares will be allocated for placement to identified investors.

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