Neo Group Ltd *Official* (SGX: 5UJ)

[w1rbelw1nd]

Neo Group Limited IPO

The link to the prospectus can be found on this webpage.

BT Invest

So what do you guys think? I am a bit turned-off by the low NAV per share value.

 

[Wood4]

IPO at 30 cts .
Dividend yield 7%+.

Subscribe !

 

[Seed92]

looks good, however im a noob, thus, any professional ah pek can advice?

 

[navarro_t]

IPO at 30 cts .
Dividend yield 7%+.

Subscribe !

info frm where?

 

[Carnage]

How is this better than Select Group?

 

[Some-one]

F&B Industry is very competitive in Singapore. Net profit may be squeezed resulting in lower profits. I would think IHH is more interesting...

DIVIDEND
We intend to recommend and distribute dividends of not less than 60% of our net profits
attributable to Shareholders in each of FY2013, FY2014 and FY2015.

 

[navarro_t]

F&B Industry is very competitive in Singapore. Net profit may be squeezed resulting in lower profits. I would think IHH is more interesting...

DIVIDEND
We intend to recommend and distribute dividends of not less than 60% of our net profits
attributable to Shareholders in each of FY2013, FY2014 and FY2015.

what is their net profit of FY2011?

 

[Carnage]

F&B Industry is very competitive in Singapore. Net profit may be squeezed resulting in lower profits. I would think IHH is more interesting...

DIVIDEND
We intend to recommend and distribute dividends of not less than 60% of our net profits
attributable to Shareholders in each of FY2013, FY2014 and FY2015.

That's what I thought as well.

But my friend retorted that food is a profitable business in SG, especially if you are very good.

 

[Some-one]

what is their net profit of FY2011?

Net Profit for FY2010: S$2.2m
Net Profit for FY2011: S$2.8m
Net Profit for FY2012: S$5.4m

Looks like they IPO using their latest jump in net profit as a selling point...

http://www.sgx.com/wps/wcm/connect/...ERES&CACHEID=57a329004b9f6d46b597f7a840e5ede3

 

[kissinvestor]

wooo.. markets re-bound everyone going public listing.. lol

 

[maisatomai]

How is recently IPO doing?

If u follow fundamental investing, neo group is a good bet. Although their business so big, but quality don seems to drop.

 

[Wood4]

Small profitable catalist IPO , should do well.
Hopefully get minimum 10 lots

 

[Durian_Puff]

Sorry, just got my account..how do I apply for the ipo?

 

[maisatomai]

Sorry, just got my account..how do I apply for the ipo?

Via ATM. 10 char

 

[Durian_Puff]

Thanks ...will try tomorrow

 

[evolute8]

i'll try my luck on this

 

[warriors]

Can someone point me the url to the prospectus? Can't find it on SGX. Thanks

 

[Rafflesian]

Neo Group vs Chew's Group

Chew’s Group Debuts on SGX
by ADMIN on Feb 28, 2011 • 11:57 am

Designer Eggs producer Chew’s Group Limited on Monday made its debut on the Singapore Exchange (SGX).

Mr Chew Chee Bin, Executive Chairman of Chew’s Group Limited, said: “Today marks a very important milestone for Chew’s Group Limited. Our company’s shares began trading on Catalist this morning. Our IPO will provide us with the funds to improve and upgrade the facilities in our farm and also take the company to the next level. In this regard, we are pleased to have worked with SGX on the successful listing of Chew’s Group Limited.”

Today, the group is one of the leading producers of fresh eggs in Singapore, specialising in the production and sale of Designer Eggs, which contain specific value-added nutrients. It is also engaged in the production and sale of liquid eggs as well as the trading of spent grains

Welcoming the firm, SGX said the listing would add to the available investment choices in the food sector.

The listing brings the total number of food companies listed on SGX to 47. Such firms have a combined market capitalisation of S$57 billion.

Chew’s Group has a market capitalisation of S$20.3 million based on its IPO price.

On Monday, Chew’s shares (5SY) opened at S$0.245 before closing at S$0.23, down from its IPO offer price of S$0.25.

 

[callmebad]

can't use Chew Group as the comparison
because during the time when Chew was listed, overall market was weak and this hurt IPOs performance
this year, overall market situation so far is better than last year and with recent interest rate cuts (so far 2 rates cuts in China, 1 rate cut from EU, more money printing in UK), liquidity is even more than in last year, which will be supportive of equity market
market is expecting another one more rate cut from China and probably further money printing from the US
what I'm trying to say, the overall liquidity situation is very supportive of IPOs in 2012

 

[maisatomai]

One sell egg and one sell food. Sibei different leh. Although their name all called group