Skip to main content

IPO Chilli Ratings

IPO Chilli Ratings
Click to understand how it works

Featured

Posted by

Singapore Institute of Advanced Medicine Holdings Ltd

Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist.  The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am.   Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases.  SAM has strategic collaborations with public and private institutions for research and clinical work.  SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi
Post a Comment
Read more
Labels
Posted by

Starland Holdings Limited

Starland Holdings Limited ("Starland" or "Company") is placing out 22.2m shares at $0.22 each via placement for a Catalist listing. Starland is a property developer for quality integrated residential and commercial properties in the PRC. The IPO will end on 25 April at 12pm. The market cap will be $31.84 million based on the post placement share cap of 144.733m shares.


This will just be for records only and i will not attempt to find a 'fair value' for this counter since there are no public tranche and i have not attempted to dissect its past financial performances.


The properties being developed are concentrated around the city of Chong Qing which is currently under political spotlight due to downfall of Bo Xi Lai. 


I will avoid this counter for the following reasons:
1. China property market still in the doldrums;
2. The company is too small;
3.  The city of Chongqing is currently under political turmoil, not sure if any fallout will impact this company.
4. There are better and more established developers around. This company is just one of the many small ones.
Email Post
Labels:

Comments

Post a Comment