Saturday, November 24, 2012

IHH's Trade: Something interesting to note

I think this is probably expected.

Last 3 major IPOs, those with EPF's involvement - FGV (RM4.65), IHH (RM3.19) - they are still above the IPO offer price.

As for Astro's IPO where it is rumoured that EPF did not take up stakes, it is currently trading below offer price. Hence, for upcoming IPOs, among the larger ones, we can probably take the cue. It would be much safer if EPF is taking stakes.

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