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sheng siong ipo,should subscribe???
- Thread starter krafty
- Start date
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- Apr 3, 2011
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Market sell-off claims IPOs; 8 cancel deals
Tali Arbel, AP Business Writer, On Wednesday August 10, 2011, 3:46 pm EDT
NEW YORK (AP) -- Wall Street's recent gloom is laying waste to the hopes of companies planning to raise money from investors.
Of the 11 companies slated to go public this week, eight have canceled their initial public offerings and one has slashed its deal size in order to get the transaction done.
The recent volatility in the stock market is hurting demand for IPOs. That's a reversal from earlier this year, when big debuts from technology and retail companies had analysts predicting the strongest year for new listings since before the recession.
Only one company has gone public in August, after eight launched in the last week of July.
Two-thirds of those recent IPOs have declined since hitting the market, losing their investors money in this month's market rout.
http://finance.yahoo.com/news/Marke...8.html?x=0&sec=topStories&pos=5&asset=&ccode=
Tali Arbel, AP Business Writer, On Wednesday August 10, 2011, 3:46 pm EDT
NEW YORK (AP) -- Wall Street's recent gloom is laying waste to the hopes of companies planning to raise money from investors.
Of the 11 companies slated to go public this week, eight have canceled their initial public offerings and one has slashed its deal size in order to get the transaction done.
The recent volatility in the stock market is hurting demand for IPOs. That's a reversal from earlier this year, when big debuts from technology and retail companies had analysts predicting the strongest year for new listings since before the recession.
Only one company has gone public in August, after eight launched in the last week of July.
Two-thirds of those recent IPOs have declined since hitting the market, losing their investors money in this month's market rout.
http://finance.yahoo.com/news/Marke...8.html?x=0&sec=topStories&pos=5&asset=&ccode=
M
Mdm Tang
Guest
SS now trading at 36 cents
M
Mdm Tang
Guest
Sheng Siong shares hotly traded
By Linette Lim | Posted: 17 August 2011 2048 hrs
SINGAPORE: Local supermarket group Sheng Siong, which made its debut on the Singapore Exchange on Wednesday, was the second most actively traded counter.
Its shares rose in a falling market, and ended at 34 cents.
That's about three per cent cent higher than its IPO price of 33 cents.
The company raised S$116 million from its initial share sale.
Analysts say investors may be attracted to Sheng Siong's 90 per cent dividend yield and its strong local branding.
While encouraged by its stock market performance, Sheng Siong said it is more focused on achieving real business results.
Sheng Siong Group CEO Lim Hock Chee said: "We're happy with the response from investors and the trading volume, given the current macroeconomic environment.
"But what we are more focused on is our core business, our supermarkets and our sales results."
-CNA/wk
By Linette Lim | Posted: 17 August 2011 2048 hrs
SINGAPORE: Local supermarket group Sheng Siong, which made its debut on the Singapore Exchange on Wednesday, was the second most actively traded counter.
Its shares rose in a falling market, and ended at 34 cents.
That's about three per cent cent higher than its IPO price of 33 cents.
The company raised S$116 million from its initial share sale.
Analysts say investors may be attracted to Sheng Siong's 90 per cent dividend yield and its strong local branding.
While encouraged by its stock market performance, Sheng Siong said it is more focused on achieving real business results.
Sheng Siong Group CEO Lim Hock Chee said: "We're happy with the response from investors and the trading volume, given the current macroeconomic environment.
"But what we are more focused on is our core business, our supermarkets and our sales results."
-CNA/wk
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- Feb 17, 2009
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me going to store the shares in my freezer...
Last edited:
M
Mdm Tang
Guest
Ah Loong asked you to put it in your CDP account
Not your Fridge .
Not your Fridge .
- Joined
- Feb 17, 2009
- Messages
- 13,736
- Points
- 113
i already hooked up my fibre optical cable from my freezer to cdp acc. leh.
Ah Loong asked you to put it in your CDP account
Not your Fridge .
M
Mdm Tang
Guest
GOOD thats the best connection !!!
Bro Loong will ask Sis Ching tonight to consider a load up
on SS and make it a S$10 per share .
SS is the best proxy to NTUC Fairprice ...
Bro Loong will ask Sis Ching tonight to consider a load up
on SS and make it a S$10 per share .
SS is the best proxy to NTUC Fairprice ...
- Joined
- Feb 17, 2009
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how can that be, ss going to be the next apple,okay...it's certainly worth more than $10!
GOOD thats the best connection !!!
Bro Loong will ask Sis Ching tonight to consider a load up
on SS and make it a S$10 per share .
SS is the best proxy to NTUC Fairprice ...
M
Mdm Tang
Guest
Bro , step by step mah , when
Steve job just started at apple it was only less than US $10/-
last nite at US $380 -
http://finance.yahoo.com/echarts?s=...osshair=on;ohlcvalues=0;logscale=off;source=;
Steve job just started at apple it was only less than US $10/-
last nite at US $380 -
http://finance.yahoo.com/echarts?s=...osshair=on;ohlcvalues=0;logscale=off;source=;
- Joined
- Feb 17, 2009
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ok,just in case, for the investors reading, i am just talking cock, read at your own discretion.
- Joined
- Aug 12, 2008
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GOOD thats the best connection !!!
Bro Loong will ask Sis Ching tonight to consider a load up
on SS and make it a S$10 per share .
SS is the best proxy to NTUC Fairprice ...
It is a good buy, NTUC Fairprice may go for a back door listing by buying SS, and then it will move up to $10..famiLEE? no?
- Joined
- Oct 9, 2009
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- Jul 15, 2008
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from the results of the IPOs most of the shares went to relatives and relatives of relatives of sheng shiong owners. with such a dynastic running of a public listed company, it would be prudent to steer clear of such a counter.
for those who are successful with their shares allotment, the best would be to stag the shares. their growth is very limited as their biz is only localised with many other bigger names competitors such as GIANT, NTUC, carrefour and etc.
prices of products fr sheng shiong are not as competitive as they used to be. if this carries on, they shall lose most of their clientele.
i find shopping in GIANT or carrefour or even cold storage the most pleasant past time. shopping in sheng shiong is rather stressful for their crampy arrangement and their personnels always obstructing and ruin a shopping spree:(
for those who are successful with their shares allotment, the best would be to stag the shares. their growth is very limited as their biz is only localised with many other bigger names competitors such as GIANT, NTUC, carrefour and etc.
prices of products fr sheng shiong are not as competitive as they used to be. if this carries on, they shall lose most of their clientele.
i find shopping in GIANT or carrefour or even cold storage the most pleasant past time. shopping in sheng shiong is rather stressful for their crampy arrangement and their personnels always obstructing and ruin a shopping spree:(
M
Mdm Tang
Guest
ok,just in case, for the investors reading, i am just talking cock, read at your own discretion.
BT
Business Times - 18 Aug 2011
Sheng Siong marks debut with 1-cent rise
By MINDY TAN
SUPERMARKET chain Sheng Siong Group, which made its trading debut yesterday amid weak market sentiment, managed to stay above water, albeit with a one-cent gain at 34 cents.
The stock, which was issued at an initial public offering (IPO) price of 33 cents a share, opened trading at 32 cents and fell to a low of 31 cents before rising to a high of 35 cents within the morning.
Sheng Siong was the second-most actively traded stock yesterday, with 92.3 million shares changing hands.
Commenting on the listing, Sheng Siong chief executive officer Lim Hock Chee said: 'This is a key milestone for the Sheng Siong Group and we are very excited to list one of the most established and distinctive brand names in Singapore. This IPO offers an opportunity for investors to participate in the stable growth story of the Singapore retail industry.'
The group, which operates the Sheng Siong Groceries Chain, had earlier announced plans to distribute up to 90 per cent of net profit to shareholders for the 2011 and 2012 financial years.
Sheng Siong's IPO raised net proceeds of about $62.6 million, to be used for funding the group's expansion, for term-loan repayment, and for working capital.
The offer of 351.5 million invitation shares comprised 201.5 million new shares and 150 million vendor shares.
Anchor investors in Sheng Siong's IPO are JF Asset Management Limited, Prudential Asset Management (Singapore) Limited, FIL Investment Management (Hong Kong) Limited, VPL Funds, and Kenrich Partners Pte Ltd.
'This is the beginning of an exciting phase for Sheng Siong and we look forward to growing together with our shareholders,' said Mr Lim.
M
Mdm Tang
Guest
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always remember.....
financial instruments eg shares, bonds, fx, casinos.... is always the rich makan the poor....
i have been trading fx since 1985 for most of the european and US banks so uncle here should know a little bit
M
Mdm Tang
Guest
Sheng Siong very steady at S$35 cents , yester close .
Yesterday S$21 bn got wiped out from SGX leh.
Freezers and Sheng Siong will see booming sales figures as
more people buy from Sheng Siong and store up in the Freezers
and eat at home .
More peoples will go to markets with their daddy and mummies ...
Bro Equal will up your points and give you more sweets ...
M
Mdm Tang
Guest
me going to store the shares in my freezer...
.
http://sg.finance.yahoo.com/q/bc?s=^STI&t=my&l=on&z=l&q=l&c=
