MSM sees first buy order as high as RM4.50

KUALA LUMPUR: MSM Holdings Bhd has attracted buy orders as high as RM4.50 in pre-market opening at 8.30am on Tuesday, June 28.

At RM4.50, this is RM1 above its institutional price of RM3.50. However, at 8.31am, the buy order was lower at RM4.12.

The sugar refiner and distributor will make its debut on the Main Market of Bursa Malaysia.

MSM’s institutional price was fixed at RM3.50 and for retail investors at RM3.38 per share after the book-building exercise.

AmResearch has valued MSM at RM4.53 per share based on a price earnings ratio (PER) of 10 times financial year 2012 earnings per share. Its PER of 10 times is about 23% below the regional average PER of 13 times ex-Japan and Australia.

The research house said MSM was expected to be a high dividend-yielding stock. It added that the group’s estimated FY11 to FY12 dividend yields of 6% to 7% (based on the IPO price of RM3.50) would be higher than most of the consumer and numbers forecast operator companies. It said MSM plans to pay out 50% of its net profit as dividends every year.

RHB Research Institute had accorded a fair value of RM4.90 to the shares. It said based on its analysis, MSM’s regional peers are trading at an average PER of 11.6 times FY11 and 10.6 times FY12.

“As such, we attribute a target PER of 11 times FY12 to MSM’s earnings, in between its regional peers’ valuations for FY11 and FY12, and obtain a fair value of RM4.90. This implies a 40% upside from the IPO price of RM3.50/share. At our fair value of RM4.90, investors would also benefit from a dividend yield of 4%-5% per annum,” it said.

hlk
sudah makan gula???
[You must be registered and logged in to see this image.]

phoenix wrote:hlk
sudah makan gula???
[You must be registered and logged in to see this image.]

i standby 4.30 but it teng teng higher looked bearish so i din go in ...

hlk wrote:

phoenix wrote:hlk
sudah makan gula???
[You must be registered and logged in to see this image.]

i standby 4.30 but it teng teng higher looked bearish so i din go in ... [You must be registered and logged in to see this image.]

i earn less than rm20 after fees [You must be registered and logged in to see this image.]

phoenix wrote:

hlk wrote:

phoenix wrote:hlk
sudah makan gula???
[You must be registered and logged in to see this image.]

i standby 4.30 but it teng teng higher looked bearish so i din go in ... [You must be registered and logged in to see this image.]

i earn less than rm20 after fees [You must be registered and logged in to see this image.]

ur good got rm20 can go window shop n eat liao ...

hlk wrote:

phoenix wrote:

hlk wrote:

phoenix wrote:hlk
sudah makan gula???
[You must be registered and logged in to see this image.]

i standby 4.30 but it teng teng higher looked bearish so i din go in ... [You must be registered and logged in to see this image.]

i earn less than rm20 after fees [You must be registered and logged in to see this image.]

ur good got rm20 can go window shop n eat liao ...

cimb sucks ... so many days alr still cant solve d problem cant login 2 klci ...

hlk wrote:

phoenix wrote:

hlk wrote:

phoenix wrote:hlk
sudah makan gula???
[You must be registered and logged in to see this image.]

i standby 4.30 but it teng teng higher looked bearish so i din go in ... [You must be registered and logged in to see this image.]

i earn less than rm20 after fees [You must be registered and logged in to see this image.]

ur good got rm20 can go window shop n eat liao ... [You must be registered and logged in to see this image.]

add another 250 from bornoil....should have gone in earlier.........distracted by msm [You must be registered and logged in to see this image.]
can pay petrol one month d [You must be registered and logged in to see this image.]

hlk wrote:

hlk wrote:

phoenix wrote:

hlk wrote:

phoenix wrote:hlk
sudah makan gula???
[You must be registered and logged in to see this image.]

i standby 4.30 but it teng teng higher looked bearish so i din go in ... [You must be registered and logged in to see this image.]

i earn less than rm20 after fees [You must be registered and logged in to see this image.]

ur good got rm20 can go window shop n eat liao ... [You must be registered and logged in to see this image.]

cimb sucks ... so many days alr still cant solve d problem cant login 2 klci ... [You must be registered and logged in to see this image.]

occasionally cannot log in or totally? [You must be registered and logged in to see this image.]
thats y i dun open account in maybank

but cimb rm8.88 flat rate cheap mah especially if you attack mother

nw cimb totally cannot login ... cant c a thing so hw 2 trade ?

phoenix wrote:

hlk wrote:

phoenix wrote:

hlk wrote:

phoenix wrote:hlk
sudah makan gula???
[You must be registered and logged in to see this image.]

i standby 4.30 but it teng teng higher looked bearish so i din go in ... [You must be registered and logged in to see this image.]

i earn less than rm20 after fees [You must be registered and logged in to see this image.]

ur good got rm20 can go window shop n eat liao ... [You must be registered and logged in to see this image.]

add another 250 from bornoil....should have gone in earlier.........distracted by msm [You must be registered and logged in to see this image.]
can pay petrol one month d [You must be registered and logged in to see this image.]

aisheh ur good ... congrats

hlk wrote:nw cimb totally cannot login ... cant c a thing so hw 2 trade ?

[You must be registered and logged in to see this image.]
complain? maybe just maybe they give u free 500 extra for compensation?
last time on business trip i remember one of my friend complain non stop they upgrade his room to executive suite [You must be registered and logged in to see this image.]

phoenix wrote:

hlk wrote:nw cimb totally cannot login ... cant c a thing so hw 2 trade ?

[You must be registered and logged in to see this image.]
complain? maybe just maybe they give u free 500 extra for compensation?
last time on business trip i remember one of my friend complain non stop they upgrade his room to executive suite [You must be registered and logged in to see this image.]

maybe can start to consider ecm day trader package for day trading?
if lose or sell at cost no brokerage fee
if make profit 0.05% fee.....no minimum fee wor.......
i find it very good lor....especially for low cap like me who sell after 1 or 2 bid.....
btw i dont get comission if u join [You must be registered and logged in to see this image.]

phoenix wrote:

phoenix wrote:

hlk wrote:nw cimb totally cannot login ... cant c a thing so hw 2 trade ?

[You must be registered and logged in to see this image.]
complain? maybe just maybe they give u free 500 extra for compensation?
last time on business trip i remember one of my friend complain non stop they upgrade his room to executive suite [You must be registered and logged in to see this image.]

maybe can start to consider ecm day trader package for day trading?
if lose or sell at cost no brokerage fee
if make profit 0.05% fee.....no minimum fee wor.......
i find it very good lor....especially for low cap like me who sell after 1 or 2 bid.....
btw i dont get comission if u join [You must be registered and logged in to see this image.]

tks phoenix, can consider since cimb time after time after upgrade system got problem tat took ages 2 solve

phoenix wrote:

phoenix wrote:

hlk wrote:nw cimb totally cannot login ... cant c a thing so hw 2 trade ?

[You must be registered and logged in to see this image.]
complain? maybe just maybe they give u free 500 extra for compensation?
last time on business trip i remember one of my friend complain non stop they upgrade his room to executive suite [You must be registered and logged in to see this image.]

maybe can start to consider ecm day trader package for day trading?
if lose or sell at cost no brokerage fee
if make profit 0.05% fee.....no minimum fee wor.......
i find it very good lor....especially for low cap like me who sell after 1 or 2 bid.....
btw i dont get comission if u join [You must be registered and logged in to see this image.]

complain also no use cos every1 facing d same problem ...
cimb staff said use phone call but cant c a thing hw ?

trade like uncle lor......
use phone ask remincer whats the price then go in blindly [You must be registered and logged in to see this image.]
i got relatives who do that and make big big big money.....

phoenix wrote:trade like uncle lor......
use phone ask remincer whats the price then go in blindly [You must be registered and logged in to see this image.]
i got relatives who do that and make big big big money.....

mkt gila later kena snake cham lo if cimb staff entertain others no time 2 take ur call ...

hlk wrote:

phoenix wrote:trade like uncle lor......
use phone ask remincer whats the price then go in blindly [You must be registered and logged in to see this image.]
i got relatives who do that and make big big big money.....

mkt gila later kena snake cham lo if cimb staff entertain others no time 2 take ur call ... [You must be registered and logged in to see this image.]

wonder how some ppl so steady hor.....no need to observe market one....observe once a week but make big money wor
maybe insider trading [You must be registered and logged in to see this image.]

phoenix wrote:

hlk wrote:

phoenix wrote:trade like uncle lor......
use phone ask remincer whats the price then go in blindly [You must be registered and logged in to see this image.]
i got relatives who do that and make big big big money.....

mkt gila later kena snake cham lo if cimb staff entertain others no time 2 take ur call ... [You must be registered and logged in to see this image.]

wonder how some ppl so steady hor.....no need to observe market one....observe once a week but make big money wor
maybe insider trading [You must be registered and logged in to see this image.]

value investors normally bot when its undervalue so can steady check once a while ...

nt like me hor.....buy no value stock thats why cannot leave the screen
[You must be registered and logged in to see this image.]

phoenix wrote:nt like me hor.....buy no value stock thats why cannot leave the screen
[You must be registered and logged in to see this image.]

if u got it extremely low when its undervalue really no worry ...

[You must be registered and logged in to see this image.]

add another 250 from bornoil....should have gone in earlier.........distracted by msm [You must be registered and logged in to see this image.]
can pay petrol one month d [You must be registered and logged in to see this image.][/quote]

it went to 32ct [You must be registered and logged in to see this image.]

phoenix wrote:[You must be registered and logged in to see this image.]

add another 250 from bornoil....should have gone in earlier.........distracted by msm [You must be registered and logged in to see this image.]
can pay petrol one month d [You must be registered and logged in to see this image.]

it went to 32ct [You must be registered and logged in to see this image.][/quote]

u missed dragon liao ...i wasted my time monitor c if can get some ...

hlk wrote:

phoenix wrote:[You must be registered and logged in to see this image.]

add another 250 from bornoil....should have gone in earlier.........distracted by msm [You must be registered and logged in to see this image.]
can pay petrol one month d [You must be registered and logged in to see this image.]

it went to 32ct [You must be registered and logged in to see this image.]

u missed dragon liao ...i wasted my time monitor c if can get some ... [You must be registered and logged in to see this image.] [/quote]

25-32cts...if 500 lots at 26 now 3k d.......
distracted by msm on the first half.....when i go in it bo lat and lao sai [You must be registered and logged in to see this image.] .......
nevermind plenty more tomorrow

phoenix wrote:

hlk wrote:

phoenix wrote:[You must be registered and logged in to see this image.]

add another 250 from bornoil....should have gone in earlier.........distracted by msm [You must be registered and logged in to see this image.]
can pay petrol one month d [You must be registered and logged in to see this image.]

it went to 32ct [You must be registered and logged in to see this image.]

u missed dragon liao ...i wasted my time monitor c if can get some ... [You must be registered and logged in to see this image.]

25-32cts...if 500 lots at 26 now 3k d.......
distracted by msm on the first half.....when i go in it bo lat and lao sai [You must be registered and logged in to see this image.] .......
nevermind plenty more tomorrow[/quote]

tdy ur chun on both counters ...

both become dragon but i have a small taste nia...thats why hokkien ppl said cannot step on 2 boat......... [You must be registered and logged in to see this image.]

you think possible to catch both?