PETRONAS CHEMICAL GROUP (PCG)
I ve subcribed this IPO and finally 2000 successful..it ll listed on 26th Nov 2010..with a price of 5.04 my target is 5.25- 5.30..here i attached some info by DALI..
The company offered 51% of the deal to institutional investors, domestic and international, while 37% was set aside for ethnic Malay investors under the so called Bumiputera tranche and 11.8% went to retail investors. The latter category was offered to buy the shares at a 3% discount, which resulted in a final price of M$5.04 per share.
The final price of M$5.20 translated into a 2011 price-to-earnings ratio of about 15.8 times and an enterprise value-to-Ebitda of 9.1 times. Among its key comparables Thailand’s PTT Chemicals trade at a 2011 P/E of 13.3 times and at an EV/Ebitda multiple of 8.9. In the Middle East, Saudi Basic Industries Corp (Sabic) trade at a 2011 P/E of 12.7 times and an EV/Ebitda multiple of 7.8. However, both these companies gained significantly during the marketing of Petronas Chemicals, which helped make the valuation of the newcomer look more reasonable. Since the start of investor education four weeks ago, PTT has added 20% and Sabic 14.9%.
Back to Stock: currently i start accumulate my new hotest baby ---> KUB,this ll be my lo0o0o0o0ng invsmnt target (due 2012)..we calling for next GE!!!..huryyyyy
BII: this stock surge to 580RP, i bought it at 310RP..i sold it on this 26 Oct..profit at 60%
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