Thursday, 10 October 2013
Sunday, 6 October 2013
UMW Oil & Gas Corporation Berhad IPO
Company Name: UMW Oil & Gas Corporation Berhad
Main Business: Provider of drilling & oilfield services of the oil & gas industry
Board: Main market
Stock Name: UMWOG
IPO Price: RM 2.80
PAR: RM 0.50
Market Capital: 2.162 bil shares
Timetable for IPO
| Date | Description |
|---|---|
| 03-10-2013 | Open application |
| 14-10-2013 | Close application |
| 17-10-2013 | Price determination |
| 18-10-2013 | Ballot result |
| 30-10-2013 | Allotment shares |
| 01-11-2013 | Listing |
Total shares offer: 843,180,000 units (39% of total share capital)
1. Total institutional offering shares: 648,600,000 units. (30% of total share capital)
a. 248,630,000 shares for MITI Bumiputera. (11.5% of total share capital)
b. 399,970,000 shares for malaysian & foreign institutional and selected investors. (18.5% of total share capital)
2. Total retail offering shares: 194,580,000 units. (9% of total share capital)
a. 151,340,000 shares for eligible directors and employees of the group, and those have contributed to the company. (7% of total share capital)
b. 21,620,000 shares for Malaysian public (Bumi). (1% of total share capital)
c. 21,620,000 shares for Malaysian public (Non-Bumi). (1% of total share capital)
Financial summary:
| FYE | Dec 2010 | Dec 2011 | Dec 2012 | (6 Mths) Jun 2012 | (6 Mths) Jun 2013 |
|---|---|---|---|---|---|
| Revenue (RM mil) | 348 | 550 | 724 | 383 | 325 |
| Gross Profit (RM mil) | -41 | 102 | 83 | 57 | 96 |
| PAT (RM mil) | -47 | 79 | 71 | 47 | 88 |
| Net EPS* (Cents) | -3.13 | 5.05 | 4.65 | 2.99 | 5.67 |
| Net EPS** (Cents) | -4.36 | 7.04 | 6.48 | 4.17 | 7.90 |
** based on 2.162 bil shares of RM 0.50.
Targeted dividend policy: Nil
Estimated DY: Nil
Westport IPO Ballot Result
+IPO+ballot.jpg) |
| Bumi category |
+IPO+ballot.jpg) |
| Public category |
Based on the ballot results, it's seem like a slim chance to get for public category.
The final retail and institutional price is remain the same, i.e. RM 2.50.
AirAsia signs US$1bil pact with China's ICBC
KUALA LUMPUR: AirAsia Bhd and ICBC Financial Leasing Co Ltd have signed a memorandum of agreement (MoA) for aircraft financing facilities worth US$1bil (RM3.18bil).
The historical signing, marking the largest financial cooperation yet between Malaysia and China, was witnessed by Prime Minister Datuk Seri Najib Tun Razak and President of China, Xi Jinping.
“This is another significant milestone for AirAsia and proudly, another innovation at work. The signing of the MoA establishes the level of confidence that ICBC Leasing has, as a global financial institution, on our current business and future potential,”AirAsia Group chief executive officer Tan Sri Tony Fernandes said.
“This US$1bil financing facility agreement does not only reflect a successful bilateral business arrangement, but also underlines the excellent relationship between Malaysia and China,” he added.
Since the beginning of 2011, AirAsia has had sale-and-leaseback, operating lease and finance lease arrangements for 10 A320s aircraft valued at US$800mil with ICBC Leasing and ICBC overseas subsidiary.
With the MoA, ICBC Leasing or ICBC’s overseas subsidiaries will provide AirAsia with competitive financial facilities to acquire A320 aircraft for the airline’s operational needs, in the form of finance lease, sale-and-leaseback or commercial loans.
The number of aircraft to be acquired should be no less than 10, according to the term of the letter of intent. AirAsia and ICBC Leasing will cooperate in the lease ofA320s in batches acquired from ICBC Leasing. Leased aircraft will consist of A320sassembled by Airbus (Tianjin) Final Assembly Co Ltd.
ICBC senior executive vice-president Zhang Hongli, who signed the MoA on behalf of ICBC Leasing, said: “As opposed to directly exporting the aircraft, leasing the aircraft helps the balance of payments between China and Malaysia in terms of annual export statistics, and this will further promote bilateral economic and trade ties.”
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