For those who subscribed Gas Malaysia Bhd, it is a very disappointed one. This is because it does not need our money for future expansion and it only do it for the sake of listing. As a result, Gas Malaysia Bhd only offers 30.5 millions shares to the public. I would say the chance for retail investor to hit is extremely low, even compared to ARMADA, PCHEM and MMHE.
As a Malaysian retail investors, we are also given a chance this time to subscribe a total of 73 million shares at RM4.55 per unit. To be honest, 73 million is very insufficient for the public and the chance to hit is also extremely low, but definitely better than GAS and MSM.
Most of the retail investors are skeptical about this FGV listing plan, is this a right time and right price to subscribe and invest in this company? General election coming, BN weakening, settlers and KPF issues, global economy crisis, CPO pricing retreating, oil palm tree age issue, PER of 16, etc. After all, investing a share is just like doing a business. It has risk involved. If every GLC company goes listed and confirmed it is making money for retail investor, then this is not a stock market. But so far this bull year is doing good for all GLCs, I believe it is the same as FGV amid all the problems came up, especially it is supported by 10 cornerstone investors.
From business point of view, I think RM4.55 is definitely a fair deal. This business should worth RM5.05 per unit.
I'm currently accumulating most of my bullets and once it is done, I'm going to subscribe by next week. I mean I'm going to sleep into it. It's one of the rare opportunity after MMHE and PCHEM last year.
Good luck, guys. (Yes, this is really required a lot of lucks if your bullet is not strong enough!)
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Well I am quite satisfied with that opinion given in your site. I think it must be implacable in real life.