Felda

Initial Public Offering

The year 2011 almost reaches its end with 4 big IPOs listed in Bursa Malaysia. These IPOs were MSM Malaysia, Bumi Armada, UOA Development, and Pavilion REIT.

MSM Malaysia & Bumi Armada IPO were performing very well since listing. On the other hand, UOA Development performed badly with the current price almost half of the listing price. Performance of Pavilion REIT IPO remained to be seen when it will be listed on 7th December.

In 2012, there will be 3 most-wanted IPOs namely, Felda Global Ventures Holdings, Integrated Healthcare Holdings (IHH) and Gas Malaysia. Probably, there will be more big IPO in 2012 but no details are currently available.

Felda Global Ventures Holdings

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Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, unveiled 2012 budgets at the Dewan Rakyat on Friday 7th October 2011.

The RM232.8 Billion budgets are allocated to implement all government development plans, focusing on the well-being of the rakyat. RM181.6 Billion is for operating expenditure and the remaining RM51.2 Billion is for development expenditure.

The Government’s budget deficit estimated to improve to 4.7% next year compared with the current 5.4%. On top of that, the economic growth was projected to be between 5% and 6% for 2012, with this year’s growth expected at 5% to 5.5%.

The following are Budget 2011 highlights for Personal Finance and Investment.

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MSM

MSM Malaysia Holdings Bhd, a leading sugar manufacturer in Malaysia, is schedule to be listed in Main Market on 28th June 2011.

The Initial Public Offering (IPO) consists of 234.6 million ordinary shares at an IPO price of RM3.38 per share at RM0.50 par value. However, the final retail price will be equal to the 97% of the institutional price.

Out of 234.6 million shares, 206.4 million shares are offered to Malaysian and foreign institutional and selected investors and a retail offering of 28.1 million shares to the Malaysian public and employees of MSM Malaysia Holdings Berhad.

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Felda Holdings

As rumors earlier, Felda Group’s commercial arm, Felda Global Ventures Holdings Sdn Bhd, will list its sugar business, Malayan Sugar Manufacturing (MSM) on the Main Board of Bursa Malaysia in July.

This was announced by Prime Minister Datuk Seri Najib Tun Razak at Invest Malaysia 2011 conference.

This is first Initial Public Offering (IPO) within Felda Group. The listing would enhance Felda’s leading position in the sugar industry, providing the group with an opportunity to gain recognition in the capital markets and allowing it to realize its investment while retaining control of its asset

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Felda Holdings

Felda Global Ventures Holdings Sdn Bhd, the commercial arm of the Federal Land Development Authority (FELDA), plans to list five (5) of its subsidiary in Bursa Malaysia. CIMB and Maybank Investment Bank will be arrange these IPOs.

The fist IPOs will be its sugar operations, Malayan Sugar Manufacturing (MSM) which plan to be listed this year. MSM IPOs may raise more than RM1 billion. This could also make it one of the biggest IPOs for the year.

The IPOs will help Felda Global to fund its expansion. It plans to expand by buying land abroad in countries like Indonesia and probably as far as Africa, where oil palm trees originally came from.

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