【GASMSIA 5209 交流专区】大马天然气

tiramisu83

回复  there7788


    Par Value 是 RM 0.50。为何你那么在意 Par Value 呢 ？
piratesinvestor 发表于 16-9-2011 11:06 AM

   对不起啦各位，请问什么是PAR Value呢？

icy97

大马天然气将在12月以每股2.20令吉进行首次公开售股（IPO）计划

要买的话，是不是要最少RM220 1 lot？
tiramisu83 发表于 18-5-2012 11:40 AM

是的

icy97

对不起啦各位，请问什么是PAR Value呢？
tiramisu83 发表于 18-5-2012 11:42 AM

par value = 股票面值。。

tiramisu83

par value = 股票面值。。
icy97 发表于 18-5-2012 04:37 PM

请问是如何算的？

williamnkk81

回复 104# tiramisu83


    par value 不用算的。。是公司的成本价值。。。

icy97

扩充输送管 大马天然气拟斥资1.3亿

财经新闻 财经  2012-05-18 19:42
（吉隆坡18日讯）预定在6月11日上市的大马天然气（Gas Malaysia），今年料将斥资1亿3000万至1亿4000万令吉，以打造和延长天然气输送管。

大马天然气董事经理拿督慕哈末诺表示，今年的资本开销将介于1亿3000万至1亿4000万令吉，由于公司的资金充裕，大马天然气未来3至4年内不需筹资，因此，公司无需从外部筹资。

“大马天然气今年需要更多资本开销来扩充天然气输送管。不过，我们预测，之后几年料将不需要太多资本开销，每年约30万至40万令吉。”

他是在今日的招股书推介礼的记者会上，发表上述言论。

鉴于大马天然气目前的业务并不需要筹集额外资金，因此，公司首次公开献售（IPO）并没有发售新股。

配合上市活动，大马天然气大股东将献售3亿331万5000股，或相等于23.62%股权，让机构、指定投资者和土著机构投资者认购。

此外，大马天然气也以每股2.20令吉的献售价，献售3052万5000股予散户（大马公众、大马天然气的合格董事以及雇员）认购。

股东料进账7.34亿
根据招股书资料显示，机构发售价将以竞标的方式来制定，随后才决定最终的献售价。

若以每股2.20令吉来计算，大马天然气的股东将进账约7亿3445万令吉。

针对天然气输送管扩充事宜，慕哈末诺表示，大马天然气将在万律鹅拉冷背、吉打巴东得腊、柔佛丹绒峇劳、玻璃市朱宾和登嘉楼吉利地，打造70至90公里长的天然气输送管。

“除了在新地区打造天然气输送管，并为新客户供应天然气，我们也会继续提升现有的天然气供应设备。”

另一方面，马银行投资银行总执行长东姑拿督再鲁阿都阿兹表示：“如今市场情况再怎样变动，我们都对天然气上市非常有信心，主要是机构投资者的需求走强所致。”

大马天然气是马矿业（MMCCorp，2194，主板贸服股）的子公司，今年2月与国家石油（Petronas）签署新天然气供应协议。

2012财年派息率100%
大马天然气从2013年起，每日向国油购买4亿9200万标准立方英尺天然气，长达10年，可获续约5年。

新天然气供应量也比现有的供应量，多出1亿1000万标准立方英尺。

与此同时，大马天然气计划在截至今年12月杪的现财年，将净利的100%充作股息派发予股东。此外，公司也放眼未来的派息率至少净利的75%。

截至2010年12月杪的财年，大马天然气的营业额和净利，分别为18亿747万5000令吉和2亿9827万8000令吉。

受政府推行新价机制的影响，大马天然气2011财年的净利下跌23%至2亿2915万4000令吉，营业额则为20亿17万令吉。

慕哈末诺表示：“新价机制推动后，赚幅也跟着走低，我们的盈利表现连带受到影响。不过，随着销售额和营业额走高，加上客户群增多，我们相信，盈利表现可回弹。”[Nanyang]

robinsonz

注意着这个ipo。

rlc2020

一定。。。

独孤球拍

申请80,000 shares。抽中25%, 起50仙 就走人。。。

师兄

想问下那里可以下载电子申请表格？

piratesinvestor

回复 109# 独孤球拍


    我看连 10% 都未必会有。。。给公众申请的股太少了。。。

chee_eng_yap

你是马来人？？ 做么可以申请的~呵呵呵~~
其实我也帮了很多人申请~~
freemansurf 发表于 19-9-2011 07:43 PM

   不是马来人，你也可以申请到吗？

v900

40,000share 不懂可以抽到多少。。。为什么我不是地球王子

Piggy888

可以起50仙那么多吗.

tcooi87

申请80,000 shares。抽中25%, 起50仙 就走人。。。
独孤球拍 发表于 19-5-2012 08:19 AM

我只能申请2000股

独孤球拍

可以起50仙那么多吗.
Piggy888 发表于 20-5-2012 03:32 PM

人要有梦想，才有希望~
憎多粥少的情况下机会高会起的。

PILLy^^

今天刚刚申请了，只有1000股，希望会拿到吧

gracefoo76

Key highlights from IPO briefing

Gas Malaysia’s IPO entails a public offer of 333.84m shares or 26% of enlarged paid up capital. Issued at a retail price of RM2.20, the IPO is mainly an offer for sale by its major shareholders. Proceeds from IPO do not go to the company.

Major shareholders are MMC Shapadu (55%), Tokyo Gas Mitsui (25%), Petronas Gas Bhd (20%) but their stakes will be reduced to 40.7%, 18.5% and 14.8% respectively after the IPO.

Operations
Gas Malaysia has a complete pipeline coverage throughout Peninsular Malaysia with 1,800km of underground pipelines throughout Peninsular Malaysia in order to deliver gas to its industrial, commercial and residential customers. Customer breakdown: 99.2% industrial, 0.8% commercial.

It has a market share of 12.6%, with the lion share of 87.4% held by Petronas Gas, its major shareholder. Gas Malaysia has an understanding with Petronas Gas on competition whereby there shall be no poaching of each other’s customers.

In February 2012, Gas Malaysia signed new Gas Supply Agreement with Petronas to increase gas supply from 382 to 492 MMScfd by 2015. With increased capacity, the company is able to serve new customers.

Financials
FY2011 net profit declined 23% YoY to RM229.2m following the revision of gas prices by the government. Earnings for the year dropped despite revenue rising 10.7% YoY. As a result FY2011 EBITDA margin fell to 16.5% from 23.3% in FY2010. Similarly, net profit margin dropped to 11.5% in FY2011 from 16.5% in FY2010.

Risk of government regulation
Buying and selling price of natural gas is regulated by the Energy Commission, thus margins are fixed. In May 2011, the government announced a new tariff which narrowed the buying and selling margin to RM2.02 from around RM4 previously.

As a result, 2011 earnings dropped due to the new tariff. Natural gas price is subject to revision every 6 months but the Energy Comission has yet to issue an instruction for second revision since June 2011.

Attractive dividend
The management has committed a dividend policy of a minimum payout ratio of 75%. From 2009 to 2011, it had previously paid out 95%, 100% and 90% of net profit respectively.

Assuming a payout ratio of between 75% and 100%, Gas Malaysia’s dividend yield could range between 6.1% and 8.1% based on 2011 net profit and retail price of RM2.20.

Management has earmarked capex of RM130-140 million this year followed by RM40m per year for 2013 and 2014 respectively. We expect the capex will not affect its dividend payout as the company has no borrowings with cash reserves of rm327m as of 31 Dec 2011.

Valuation and recommendation
Based on preliminary study, we value Gas Malaysia at an indicative target price of RM2.61 based on DCF valuation (discount rate of 9.7%, terminal growth rate of 2%).

We recommend investors to Subscribe as Gas Malaysia is a quality stock that provides stable dividend and resilient earnings under current market uncertainty. We will be  issuing a full IPO report soon.

http://www.bursacommunity.com/t9390-gas-malaysia-ipo-note

Research Group
JF Apex Securities

franklyss

我也想要申请， 如何申请？

tcooi87

请问如果没中，多久它会退款去我的户口？