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| *Financial2you prediction |
After poor UOA Poor debut yesterday, many have re-evaluated their thought on either to participate or not participate in IPO. Therefore, to us it is very important to have at least brief information by vetting through the released Prospectus although it might sometimes elaborating the ‘good’ side of the company. We think UOADEV still have a good chance to shine in near / mid term..
If you are shortage of fund, (which could be in our case too..hihi) need to pick the at least a promising IPO. From our point of view, MSM & Bumi Armada would be the better stocks upon listing. MSM is already at 50 times subscription for institution allocated shares despite offering over 200 million shares. What would be the subscription for retailer which only offer 28 million shares?
On the other hand, Bumi Armada which is one of Ananda precious assets is very much popular after the success stories of Astro & Maxis. Furthermore, Bumi Armada is under O&G sector having ‘Outperfom’ call by most of Financial institution despite of World Economic slow growth.
However, should you have additional fund, you should not overlook Eversendai either. According to the news, Eversendai involves in most of Mega Project either in Malaysia or Middle East. Having said, the stock will attract foreign fund due to its appearance and good track records in World Class Jobs.
Well..those are our thoughts..what about yours?
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