【Bumitama P8Z 交流专区】布米达马农业 BUMITAMA AGRI LTD.

Tanlp

Bumitama Agri Launches IPO at S$0.745 per Share, Expects Proceeds Up to S$244 million

Indonesian palm oil firm Bumitama Agri Limited has launched Tuesday its initial public offering (IPO) in Singapore that will help the firm raise up to S$244.0 million.
The group priced its IPO at S$0.745 per share, which is at the top end of the indicative pricing range of S$0.675 to S$0.745 per share. It will offer up to 327.324 million shares, including an over-allotment portion.
Bumitama said it has received overwhelming support from institutional investors during its global bookbuilding exercise for the offering.
Six cornerstone investors have fully taken up the cornerstone tranche. Of these, Asdew Acquisitions Pte Ltd, Hwang Investment Management Berhad, Value Partners Hong Kong Limited and Wii Pte Ltd, a wholly-owned subsidiary of Wilmar International Limited, have each subscribed for more than 5 per cent of the offering. The other cornerstone investors are Target Asset Management Pte Ltd and UOB Asset Management Ltd.
“We are delighted that professional funds and established institutional investors like Bumitama’s fundamentals and are confident about our future growth. We believe Bumitama is well-positioned to benefit from the growing demand for palm oil, anticipated upswing in CPO prices and the improving Indonesian economy,” said Lim Gunawan Hariyanto, Bumitama’s Executive Chairman and Chief Executive Officer.
The placement was 31 times subscribed, the highest oversubscription rate for a corporate offer since Yangzijiang Shipbuilding (Holdings) Ltd’s IPO in 2007, said Matthew Song, HSBC’s head of equity capital markets, Southeast Asia.
HSBC, along with DBS, are the joint issue managers, bookrunners and underwriters of the IPO.
“(The IPO) attracted more than 150 investors but the majority are long-only funds. There’s huge demand from high net worth individuals and family offices as well,” Song said.
From the net proceeds of S$195.2 million, some S$142.0 million will be used for expansion and development of the group’s existing uncultivated land bank and oil palm plantations.
Another S$27.9 million will be used to finance the group’s share of the capital expenditure of certain associated companies for cultivation while a further S$12.6 million will be used to repay shareholder loans.
Bumitama has one of the youngest palm oil plantations in Asia and owns 190,000 hectares of land, of which only 100,000 have been planted with palm oil, leaving room for more growth.
Malaysia’s IOI Corporation, now a controlling shareholder of Bumitama, will own 30 per cent of the Indonesian firm after the IPO.
Bumitama’s shares are expected to start trading on April 12, joining other listed palm oil firms Wilmar International Ltd and Golden Agri Resources Ltd.
IPO Market Looking Bright?
Bumitama’s offering is the latest in a string of IPOs returning to the Singapore market this year as Asian shares have rallied on signs of an improving global economy.
During the past weeks, some foreign-linked firms have been tipped to launch IPOs. English football champions Manchester United was reportedly relooking at plans for an IPO in Singapore.
Last year’s market turmoil had caused it to shelve plans after receiving approval for an IPO that was expected to raise up to US$1.0 billion.
India’s Reliance Communications was also reportedly seeking to list its undersea cable assets here to raise as much as US$1.5 billion.
Finnish equipment group Cargotec has confirmed it will consult banks on possible listing of its marine unit. Motor racing group Formula One was likewise considering listing in SGX.
Last week, cord blood and tissue banking service provider Cordlife Group became the first IPO in Singapore this year, raising close to S$30.0 million from its listing.
http://bizdaily.com.sg/newsite/bumitama-agri-launches-ipo-at-s0-745-per-share-expects-proceeds-up-to-s244-million/
大家对bumitama会有兴趣吗？

lonelyjeff

我想买。。。可是对这间公司不熟。。。

Tanlp

回复 2# lonelyjeff

我是对Bumitama有兴趣，今天有用atm申请了。。。

Thomas翔

how to use ATM buy Ipo??

Tanlp

回复 4# Thomas翔

U need to have CDP account, be at least 21 year old, Singaporean, pr, or Foreigner currently residing in s'pore, Definitely, u must have account wit issue manager, in this case the issue manager are DBS & HSBC, then u may use DBS or HSBC ATM to apply the ipo..I m using Posb ATM to apply, from the atm screen and enter into ESA (electronic security Application), follow the screen instruction to complete the application. If no hav account wit issue manager, ou may get the application form from the particular issue manager, fill in and submit to them for processing. Hope it may help u.. This is my first trial also.. Hehe

21century

看来只有你和我买而已。。。哈。。

Tanlp

回复 6# 21century

你买了？一起买，那就一起卖吧! haha私底下告诉我买了多少。。。 哈哈

mariogan

我 bid 了11 lot， 不懂会得到多少呢
上次mapletree industrial trust IPO over subscribe 几倍 我bid 3 lot 结果一粒都不中

Tanlp

回复 8# mariogan

你之前有申请到IPO的经验吗?是FIRST COME FlRST SERVE BASlS? 我BlD 4 lot.... 不懂会中吗？

mariogan

回复 9# Tanlp

我试过两次，另一次是 Parkson, Parkson 没有那么多人申请，所以我申请2lot得两lot，都是在截止前2，3天才申请的
我也好奇是不是first come first serve，据我说知是抽签方式啦，但或许国籍也有影响，上次mapletree industrial IPO我两个新加坡同事得到的几率似乎比我高，像2 lot得2 lot，4 lot得2 lot，我3 lot皆落空，我也很早申请啊

这次是我第一次以pr身份去bid，咦？好像Parkson那时也是以pr去申请，我忘了，因为parkson IPO 同时间拿到pr
parkson IPO price 0.94 我第一天1.06就卖了，最低价，现在1.46 T.T

Tanlp

回复 10# mariogan

我以为PR或Singaporean才可以申请， 不是吗？ 你决定第一天就卖吗？不保留。。shengxiong ipo 第一天交易价也是不高， 但之后就一直起到0。5+， 我想不急用钱， 可以长期投资

mariogan

回复 11# Tanlp


不一定的，外国人也可以，只要你的cdp account和bank account有link起来就可以了
假如我bid到3-4 lot，我会等3天左右，毕竟那点钱我可以做长期投资，假如得到10 lot我会在第一天卖一半，因为10lot已经是我全部现金了，不放心，另一半看多几天，listing那一天我会set selling price在0.945左右，假如一开市1 lot就hit到200块profit就好了，不贪心

Tanlp

回复 11# Tanlp

我相信nationality会有很大的影响到申请

21century

决定买二十五lot. 不懂会中吗。。。

Tanlp

回复 12# mariogan

根据我所知第一天的交易价位，不一定会比ipo来的高，是吗？

Thomas翔

IPO 的第一天price一定会上吗？

Tanlp

回复 14# 21century

你好有钱，羡慕。。。

mariogan

回复  mariogan

根据我所知第一天的交易价位，不一定会比ipo来的高，是吗？
Tanlp 发表于 8-4-2012 03:10 PM

对呀，像shengseong就是先跌后再上，假如一开是低过IPO price的0.745,而我只bid到3-4lot，我会计划在0.645或以下再进一些，不过我认为这bumitama应该会有不错的表现，没有什么特别原因，纯粹觉得食油还是必需品，需求只会增加，然后它有31倍的over subscription，很多人想入手，即使数据有可能造假，但我也愿意相信

Tanlp

回复 18# mariogan

和你有一样的看法，我就是在shengxiong第一天交易拾了便宜，到今天还收着， 不舍得放，好期待12th的到来

mariogan

回复 19# Tanlp

假如星期三欧美股市回弹，或许拜四它上市时还可以更上一层楼呢
过去的一次经验是在Parkson上市当天，全世界股市跌到乱，但它依然逆市上游，要起的始终会起