Petronas Chemicals Group Bhd’s (PCG) debut on Bursa Malaysia, Nov 26
November 26, Petronas Chemicals will make its debut on Bursa Malaysia, but it will certainly not be the last major government IPO to hit the market.
Business Times Online, November 8, 2010
November 26, all eyes will be on Petronas Chemicals Group Bhd’s (PCG) debut on Bursa Malaysia. It is the second initial public offering (IPO) by our national energy giant Petroliam Nasional Bhd this year. But it will certainly not be the last major government IPO to hit the market.
In fact, the government had initially wanted to see the listing of more companies under its departments and agencies as well as from government-linked investment companies. The notable ones include Felda Holdings Bhd, Composite Technology Research Malaysia and even Percetakan Nasional Bhd. So far, investors have warmed up to these IPOs.
Rig builder Malaysia Marine and Heavy Engineering Bhd (MHB), which made its debut on Bursa Malaysia on October 29, jumped 19 per cent to RM4.51 in its first trading day.
Institutional investors bid for more than 27 times the shares allocated to them and the share offering was oversubscribed by some 28 times.
The management of Petronas is confident that PCG’s debut on Bursa Malaysia will be on par with, if not better than, MHB’s.
Apart from MHB, the Petronas group has four other units traded on Bursa Malaysia. The four are MISC Bhd, Petronas Dagangan Bhd, Petronas Gas Bhd and KLCC Property Holdings Bhd. It was reported that Petronas will decide next year whether to sell shares in more divisions.
With the inclusion of the impending PCG’s IPO and MHB, Petronas will have six companies listed on Bursa Malaysia, with a total market capitalisation of RM124 billion.
This would account for 10 per cent of Bursa Malaysia’s total market value as at November 1 2010. And PCG is expected to be ranked among the top-five stocks listed on Bursa Malaysia, in terms of market value.
PCG will also comprise a significant portion of the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI). By the end of the year, the Petronas group could collectively account for over 10 per cent of Bursa Malaysia’s total market capitalisation and over 16 per cent of the FBM KLCI.
More importantly, the listing of PCG will enhance Malaysia’s position in the equity capital market in Southeast Asia, currently considered as one of the most active equity markets in the region.
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utk IPO, besok last kul 5pm…tapi dpt beli tu tak semesti confirm dpt…kira mcm Q la..ade rezeki, dpt
Khairul(Quote)
Tula.. klu tak dapat, rugi kat int. OD lerr.. huhu!
NizamJB(Quote)
Dah berkarat akaun CDS aku; tetiba tengok prestasi MHB tiptop, x kanlah sekadar diam jer utk PCG. Kenalah cuba ckit pakai duit OD..doa2kanlah smoga kita sumer sangkut.
2bz4money(Quote)
Amin!
NizamJB(Quote)
kawe dpt pink form….6000 unit jer…
hopefully byk la naik
Najib(Quote)
kenapa orang beli ipo?memang bagus ke beli ipo ni?
boleh tolong ajar sikit x?saya baru lagi dalam ni.
shauqie(Quote)
sama2 kite belajar…IPO baru aje bertapak di BH
Khairul(Quote)
Bro K, kena buka tajuk baru pasal IPO..mmg menarik kaedah pelaburan saham IPO ni. Yg berminat nak mencuba,
- perlu buka a/k CDS dgn sykt broker saham
- daftar no CDS kat internet banking cam M2U atau Clicks.
- tunggu tawaran IPO syariah, baca prospektus dan buat keputusan belian sblm/pada tarikh tutup tawaran IPO
- tunggu tarikh senarai di Bursa. kiranya tak berjaya, wang dikembalikan.
2bz4money(Quote)
Bro K, da tau blm status IPO kamu tu? Alhamdulillah, den punya da lepas..kesemua 10 lot. Member kat tmpt keje ni 2 orang tak lepas IPO mereka..
NizamJB(Quote)
Salam Nizam..lepas ni jadi ‘pakcik kayo’ la pulak heheeh
jas(Quote)
Amin!.. mintak2 la masih mulut kamu tu jas..huhu
NizamJB(Quote)
2bz4money,
ya betul…byk lagi info psl IPO perlu diketengahkan…insyaAllah akan menyusul..maklumla, baru bagi BH…nak simply post nanti takut misleading
NizamJB,
Alhamdulillah, kalau tgk status di M2U tu kira lepas la…tadi call remisier, dia suh call on 24th for confirmation (sbb skang ni blum update lagi kat dia nye site)..dan kalau utk short term, she suggest to sell it on the 1st day
Khairul(Quote)
Nampaknya samada success atau tidak, 0.01/unit PCM akan refund balik kpd subscriber slps 24hb nanti.
Bro K,
Otai forum sebelah pun mencadangkan jualkan unit on the 1st day listing. Ini kerna harga offer dikatakan sudah diletakkan margin yg cukup tinggi. Dan ada penganalisis menyatakan drp 24 IPO yg dianalisanya, hanya 4 IPO shj yg masih melepasi harga offer sehingga hari ini.
So, fikir2lah smd nak capital growth atau earning annual dividen..
2bz4money(Quote)
‘Maybank IB Research believes the share prices for Petronas Chemicals Group Bhd (PCG), worth between RM6.64 and RM6.70 per share, using discounted cash flow and price earning ratio (PER) valuation metrics.’
Kalu benar begini, dptlah bonus yg x disangka2..
2bz4money(Quote)
Alhamdulillah…terima kasih BH terutama Tuan adminnya yang mention pasal PCChem ni. 1st time saya cuba2 purchase guna cimbclicks…dah check status “succesful”. Nampak gayanya kena activated semula CDS akaun yang x penah ada transaksi sblm ini. Rasa-rasa bagus tak kalau hold dulu? Saya ingat nak hold sampai seblm pilihanraya baru jual.
salina(Quote)
Market Watch 26/11/2010
PETRONAS CHEMICALS GROUP BHD
Symbol & Code : PCHEM (5183)
Board : Main
Industry : Industrial Products
Prev Open High Low Last Change % chg Volume
5.2 5.71 5.72 5.3 5.31 0.11 2.12 6370016
p/s: Alhamdulillah, result dpt premium. Ramai tersenyum..
2bz4money(Quote)