FGV (5222), IHH's (5225) strong fundamentals attract retail investors, says Frost & Sullivan

by **hlk** Fri 03 Aug 2012, 18:31

SINGAPORE: Companies with strong fundamentals in growth sectors and
with strong institutional support will be looked at favourably by
retail investors as evident from the Felda Global Ventures Bhd (FGVH) and IHH Healthcare listings, a leading corporate leader said.
Sanjay
Singh, Vice-President for Asia-Pacific Business Financial Services,
Frost & Sullivan, said with the current economic uncertainties,
"we've heard about postponements of some of the mega initial public
offerings (IPOs) globally F1 and Graff Diamonds.
"I believe investors are very choosy about the companies they would like to invest in," he told Bernama.
Nevertheless,
FGVH and IHH Halthcare went ahead with their listings despite the
volatile world economic environment, which has delayed other major
public offerings in Asia, including a planned US$2.5 billion Formula
One listing in Singapore.
FGVH surged 20 per cent in its trading
debut on June 28, dubbed as the world's second largest IPO this year,
while IHH, Asia's biggest hospital operator, saw double listing in
Malaysia and Singapore on July 25, which surged over 10 per cent upon
its debut as the world's third largest IPO.
FGVH is the second largest oil palm plantation company in terms of planted area and the largest sugar refiner in Malaysia.
Its 49 per cent-owned Felda Holdings Bhd is the world's largest crude palm oil (CPO) producer and second largest palm oil refiner in the country.
IHH's IPO has been oversubscribed by 132 times globally and in Singapore itself it has been oversubscribed by 11 times.
It is a leading player in home markets in Singapore, Malaysia and Turkey and the key markets of China, Hong Kong and India.
It
is also present in Vietnam, Brunei and Macedonia and employs over
24,000 people and operate over 4,900 licensed beds across 30 hospitals
worldwide.
Frost & Sullivan, the growth partnership company,
works in collaboration with clients to leverage visionary innovation
that addresses the global challenges and related growth opportunities
that will make or break today's market players. - Bernama