Pending IPOs

October went by with at least 8 IPOs. Well it's just going to get better isn't it. Mewah and SabanaREIT's both seeking to list on the SGX in time to come. Both of these IPOs will definitely interest most investors.  


For Mewah, its looking to list at a price of $1.25 to $1.55, with about 35million shares issued to the general public for ballot. With the recent price increases in commodities, I think Mewah will be well oversubscribed come the IPO date.
For more, go to http://www.reuters.com/article/idUSTRE6642OB20100705


SabanaREIT's REIT manager forecasts a distribution yield of about 8.02% for next year and 8.05% for year 2012 as written in the Business Times (or 8.45%  for next year and 8.48% for 2012" written in the Straits Times). The REIT will be priced between $1 to $1.10. Apparently this REIT holds some $850 million worth of 15 industrial properties in Singapore, making it the world's largest Reit by asset value. One thing worth noting, Freight Links Express Holdings has a 51% stake in the Sabana Investment Partners. Will it rise when Sabana successfully lists on the SGX? Well, Freight Links rose from 5 cents to about 9 cents in the past month.
For more, go to http://www.businesstimes.com.sg/sub/news/story/0,4574,412539,00.html?
                            http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_601475.html


Also, Fuxing yesterday announced better than expected results, a 129% net profit growth to 22.7million. Hoping for a good dividend come 4th quarter results!