11/23/2004 06?:15 am

11/23/2004 6:15 am The APEC meeting between Singapore and China leaders may bode well for China linked stocks. Recent IPOs which went below water may receive a boost as long term prospects for most China stocks are bullish despite recent misgivings on China AvOil and New Lakeside.  Youcan may see test above 0.25.  Sinobest seen lows in recent days and current offer huge discount to IPO price of 0.52.  GK Goh fulfilled overallotment quota on Southern Packaging and initial weakness possible but support seen at 0.19 where bounce sharply may follow as fundamentals for packaging stocks are bright. COMAT will be listed tomorrow and medium term outlook is bullish for the construction and infrastructure sector.  With the boom in building expected for the 2008 BeiJing Olympics, COMAT may see steady orders coming in for the next few years.

11/21/2002 11:15 pm Youcan IPO will be traded tomorrow and it is priced at $0.25.  Three funds took up almost 38% of the IPO and long term prospects for the ice-cream and snacks manufacturer is bright. The next IPO which will close tomorrow is COMAT and the company manufactures aluminium panels for the facade of buildings.  The issue is comparable to Midas as both are in the construction sector which is on of the fastest growth sector in China. 

11/18/2004 11:55 pm Ace Acheive will be listed tomorrow and a strong reaction could come as sentiments may be boosted by the stake taken by Chip Lian, a private vehicle of Oei Hong Leong. SinoBest offered a small issue at $0.52 is also well taken up by funds.  With the Dow surging ahead, tomorrow could see prices of most stocks heading northwards.  Penny stocks and China play may resume as most have reach decent support levels and recent overbought situation is greatly reduced.  The next few IPOs could attract buyers when tomorrow's debuntes outperform the market.

11/16/2004 8 55 pm Wall street tracks oil prices which are heading downwards after recent weeks of relentless buying from bulls.  With the Nikkei up almost 2 per cent whilst Singapore and Malaysian bourses are closed, we may see a catch-up game tomorrow. Swissco is the next IPO to be traded and with one fund supported the placement, some early buying cannot be discounted.  Tomorrow will also see the close of Ace Acheive (priced at $0.20) and SinoBest (priced at $0.52).  Thereafter, it will be two food IPOs, Oriental Food and Youcan.  Sentiments is bullish and most IPOs are expected to perform well in the weeks ahead.

11/11/04 04:30 pm Wall street largely ignored the quarter per cent rate hike by the Fed.  With several IPOs lined up for the week ahead, the market could choose to pick and choose the better IPOs. Recent debunte MediFlex performed exceedingly well and the next small issue Oriental Food offered at $0.20 may be well supported because of its attractive pricing (small issue and PE of  7 times).  Tomorrow would see the listing of Southern Packaging offered at $0.30 with issue size of 59 million shares.  The public portion was oversubscribed by 33.8 times and the comparable companies are Fung Choi and Full Apex. The next few ipos are Swissco priced at $0.28, (ship repair), SinoBest priced at $0.52 (software) and Comat. Comat is seen in the same sector as Midas as both are exposed to the construction and infrastructure of the booming Chinese economy.  It is priced at $0.24, with PE of 5.  Besides these, the other issues are Youcan which is an ice-cream manufacturer offering shares at $0.25.









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