IHH IPO

Soure from bursa

IHH Healthcare Bhd, Asia's biggest hospital operator, will be dual listed on the Main Market of Bursa Malaysia and the Main Board of Singapore Exchange Securities (SGX) at the same time.  The final IHH IPO was priced at RM 2.80 versus previous price of RM 2.85.  IHH is second largest IPO after Felda Global Ventures Holding Bhd (FGV) for this year 2012, followed by Gas Malaysia Bhd (GASMSIA).   IHH is supported by many cornerstone investors, if not mistaken is about 22 of them.

Quote from theStar,  IHH Healthcare poised for rapid growth

Concerning dividends, Lim said the group does not have a dividend policy.
“However, if you look at the track record of Parkway, when it was listed... even though we did not have a dividend policy.,, we gave dividends on a quarterly basis.”
“If we do not need the money, we will give it back to shareholders. I think shareholders have better use for the money than us.”

Although IHH do not have a dividend policy, but quarterly dividends is kinda attractive to investors.  I do love dividend, especially based on quarterly basis.

Below are the performances of GASMSIA and FGV IPOs which is debuted recently.  It shows the premium against IPO price on 1st listing day.

GASMSIA (IPO priced at RM 2.20)
listed on 11th June 2012
Open:  RM 2.47 (12.27%)
High:   RM 2.52 (14.54%)
Low:   RM 2.39 (08.60%)
Close: RM 2.42

FGV (IPO priced at RM 4.55)
listed on 28th June 2012
Open:  RM 5.39 (18.46%)
High:   RM 5.46 (20.00%)
Low:   RM 5.24 (15.16%)
Close: RM 5.30

Will coming debut's IHH able to give the same performance as good as GASMSIA and FGV?

Let see the compiled list below for the target price given by researcher.
Target price:
ECM Libra                         - RM 2.94
Maybank Investment Bank  - RM 2.95
Public Investment Bank       - RM 2.98
JF Apex Securities              - RM 3.00
BIMB  Securities                 - RM 3.30
TA Securities                      - RM 3.33
Hong Leong                        - RM 3.49

Based the target price given, the price in the range of RM 2.94 (5% premium) to RM3.49 (24.6% premium) with average price of RM 3.1414 (12.19% premium).

Since stock market not perform well globally, especially euro crisis rises again.  IHH IPO listing is not at the right time?  To me, there should be no problem with 10% premium.  Let see how it perform on this Wednesday.