On the neg. side:
- Going forward, I see a number of problems for the KoW (an end to EBA being perhaps the 1st), which may effect earnings;
- Their npl rate has gone up a bit (as it has industry-wide).
On the plus side:
- I still believe that this will become a popular stock due to Acleda's strength in the financial sector.
Anyone have a good crystal ball or deeper knowledge?
Inviting *informed* opinions on the Acleda IPO
- maxx
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informed and deeper knowledge
the investors booklet says only 50% of non residents with holding tax will be due
thats 7% instead of 14% you would pay on interest
has a final price per share been announced?
the investors booklet says only 50% of non residents with holding tax will be due
thats 7% instead of 14% you would pay on interest
has a final price per share been announced?
The issue isn’t whether Acleda is a good potential share investment or not; its whether you are comfortable investing in the smallest and most illiquid share market in the world, a market where a handful of trades can cause prices to plummet or soar.
OK, after doing some research, I'm out.
What is likely to happen is that investor won't be able to resist early & fast profit taking as has happened before.
"...the exchange generated a lot of interest among local and foreign investors. In the first three days of trading, the share price for the water utility rose 60% above its IPO price, but by the following week, short term-investors started selling to take in profits. The stock price came down substantially. "It's kind of a typical phenomenon for a new exchange. It happened in the Laos market and Vietnam's market. It is no surprise to me," says KT Han, managing director of Tongyang Securities which was the sole underwriter of the IPO. "Some people made a 50% profit within a few days. They tend to be short sighted by this fluctuation in price and it will take some time for them to understand the market and make long-term investments."
https://edition.cnn.com/2012/05/10/busi ... index.html
"We showed you how you could invest in the Cambodian stock market back in April 2012, or 2.5 years ago. Since then, what has happened? Nothing. We were IPO-stage investors in Cambodia’s first public-listed company, Phnom Penh Water Supply Authority (PPWSA) we remain very interested in the market, but it has perpetually disappointed us. PPWSA is now trading at 4,320KHR compared to an IPO price of 6,300KHR that is a spectacular -14.9% annualized return. We are little upset by that, but the company is not a bad company nor has its growth been all that terrible. The price decline is entirely a result of being listed on a dead stock market."
https://www.investmentfrontier.com/2014 ... ge-failed/
What is likely to happen is that investor won't be able to resist early & fast profit taking as has happened before.
"...the exchange generated a lot of interest among local and foreign investors. In the first three days of trading, the share price for the water utility rose 60% above its IPO price, but by the following week, short term-investors started selling to take in profits. The stock price came down substantially. "It's kind of a typical phenomenon for a new exchange. It happened in the Laos market and Vietnam's market. It is no surprise to me," says KT Han, managing director of Tongyang Securities which was the sole underwriter of the IPO. "Some people made a 50% profit within a few days. They tend to be short sighted by this fluctuation in price and it will take some time for them to understand the market and make long-term investments."
https://edition.cnn.com/2012/05/10/busi ... index.html
"We showed you how you could invest in the Cambodian stock market back in April 2012, or 2.5 years ago. Since then, what has happened? Nothing. We were IPO-stage investors in Cambodia’s first public-listed company, Phnom Penh Water Supply Authority (PPWSA) we remain very interested in the market, but it has perpetually disappointed us. PPWSA is now trading at 4,320KHR compared to an IPO price of 6,300KHR that is a spectacular -14.9% annualized return. We are little upset by that, but the company is not a bad company nor has its growth been all that terrible. The price decline is entirely a result of being listed on a dead stock market."
https://www.investmentfrontier.com/2014 ... ge-failed/
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Surely that is the nominal?maxx wrote: ↑Mon Jan 27, 2020 11:22 amit appears prior to the ipo launch they were a dollar each
it will be very interesting to see how much they skyrocket
this bank will increase the index weighting therefore index investors will want to carry the same weight in shares as the bank occupies on the index
- Bong Burgundy
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ACLEDA Bank Plc. to be listed on the CSX on May 25
ACLEDA Bank Plc., Cambodia's leading commercial bank, is set to list its shares on the Cambodia Securities Exchange (CSX) on 25 May 2020. The Initial Public Offering (IPO) marks a new chapter of ACLEDA Bank's success story as the 1st commercial bank to be listed in Cambodia. Despite being in the middle of a global pandemic, 2,497 investors have successfully subscribed to the Bank's shares by participating in the IPO. This is the largest number of investors for IPOs in Cambodia and is a reflection of the trust and support for ACLEDA Bank has from its customers and the public. The Investors can begin placing buy/sell orders to trade ACLEDA Bank shares from 8:00am on the listing date.
Dr. In Channy, President & Group Managing Director of ACLEDA Bank Plc. said "We are delighted to announce that ACLEDA Bank Plc. will be listed on the CSX on Monday, May 25, 2020. Through ACLEDA Bank Plc.'s IPO, the individual and institutional investors now have the opportunity to invest in a listed commercial bank for the first time in the Kingdom. The new public shareholders of the Bank will now be able to enjoy the benefits of the Bank's growth through dividends and capital gains. The IPO of ACLEDA Bank attracted many Cambodian retail investors to the CSX for the first time and will continue to contribute to the development of the Cambodia capital market."
Mr. Han Kyung Tae, Managing Director of Yuanta Securities (Cambodia) Plc. said that "With ACLEDA Bank's shares listed on the CSX, the total market capitalization of the CSX will be tripled. We are honored and pleased to have been part of this monumental project as the sole financial advisor and to contribute to the development of the Cambodia securities market. We believe that ACLEDA Bank took a very important first step towards becoming a true People's Bank through the IPO. Yuanta, as the lead manager of this significant project, will continue to help the Issuer and public investors by focusing on enhancing liquidity of the Bank's shares in the secondary market. We believe that assisting the Issuer with follow-on offering and arranging block trades in the future will increase liquidity and attract more foreign investors to not only ACLEDA Bank's shares but also the Cambodian capital market."
https://www.acledabank.com.kh/kh/eng/md_ln20200521
Bringing the news. You stay classy, nas, Cambodia.
this is going to be very interesting as it couldnt possibly be a worse time to list a new share.
i will be tuned into the csx for this listing for sure.
i wonder how much the pandemic discount will come in at by the end of the first week of trading? couldnt possibly be a better buying opportuning than in the next few weeks, could there?
i will be tuned into the csx for this listing for sure.
i wonder how much the pandemic discount will come in at by the end of the first week of trading? couldnt possibly be a better buying opportuning than in the next few weeks, could there?
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