| 11/11/2004 04?:15 pm 11/03/04 10:30 pm Wall street hates uncertainty and with Bush apparently heading for victory, stocks are expected to head higher today. A follow through in Asia could see this move sustain for one to two days but in all, this could be a knee-jerk move before prices recede back to its consolidative levels. The new IPO Anwell priced at $0.38 may receive a boost from Wall Street plus the fact that several institutions took up a large chunk of the placement. The next Issue would be China Sun which is also offered at $0.38. Temasek is reported to be interested in taking a stake in the placement. 11/01/2002 6:30 am With recent strong performance of IPOS, today's listing of C2O is expected to be warmly received. Ths issue size is small and offered at $0.205 has attracted three funds which included CTI- part of Creative Group. Elsewhere, banks are seen as better off than last qtr as their profits have improved. The Dow ended higher and although there is the US elections ahead, market sentiments is back in the favor of the bulls. 10/20/04 6:30 am The Dow and Nasdaq were spooked by worries on the insurance sector despite oil prices sliding lower albeit remaining high. Today is the listing of Fung Choi which is offered at $0.365. Today's is also the closing date for application of Azeus which is an IT solutions provider which secures a chunk of the HK govt projects. The focus remains on China Beauty and tech stocks which were rebounding off the lows at yesterday's closing hour. With the STI staying on the bullish path, an opening weakness may be followed by a stronger afternoon session. 10/16/2004 5:30 pm The next IPO Fung Choi is offering 106 mln shares at $0.365 at historical pe of 10 times and market cap of $154 mln. A comparatively same size business China Paper offered 100 mln shares at $0.365 and has market cap of $128 mln at current price of $0.31. Profit after tax for Fung Choi is approx. S$8.28 mln (year 2003) as against China Paper of S$15.5 mln (2003). Another comparative printing company is SNP which has just reported profit after tax at $6.39 mln (estimated for 2004 $8.53 mln)) $8.53 mln and much lower market cap of $93 mln. After this issue, we have Azeus which is a software solutions company which depends largely on the HK govt for its contracts. It is priced at $0.22 and closes on Wednesday 20 Oct. Previous commentaries DISCLAIMER This is a free site and all views expressed here are not an inducement to trade or invest. The reader should be aware that investment and share trading have inherent risks and the author shall not be responsible for gains or losses incurred whatsoever. |
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