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Aztech Gbl
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easywin
Supreme |
12-Mar-2021 15:03
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Waiting to cover 1.25 | ||||
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Stocksguru
Master |
12-Mar-2021 14:57
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Dont care about all this IPO, main point is their duck rice nice to eat a not. | ||||
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zillion
Master |
12-Mar-2021 14:16
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sgx brought real shame to itself and has tarnished its own reputation by allowing relisting a delisted counter. Imagine all those S-chips that got delisted now trying to come back in via another door!
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Starship
Supreme |
12-Mar-2021 14:06
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SgTrader17
Elite |
12-Mar-2021 13:56
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Not touching this. | ||||
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SeePehJiaLat
Senior |
12-Mar-2021 13:54
Yells: "Can or not?" |
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Exactly ! This old management cannot be trusted, they will kill the minority shareholder for personal gain. Frankly, me and many others do not buy any Aztech product either, not to talk about Aztech share! Good luck to those vested 
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Fluffyclouds
Master |
12-Mar-2021 13:54
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Watch this like popcorn. Whoever buy at top. Sweating. | ||||
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ahberngh
Elite |
12-Mar-2021 13:43
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With an NTA of about 26c, I think even a price of 50-80c is still too high, not to say 1.28. I won' t be surprised if it is shorted to below 1.0, with all the negative vibes. |
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nott1965
Veteran |
12-Mar-2021 13:41
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There are many more time tested and more trusted companies like Venture, AEM, Frencken, etc for the same prospect if not better. Why want to buy Aztech? | ||||
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nott1965
Veteran |
12-Mar-2021 13:37
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Siphone money from investors then pay a low price to delist then jack up price for IPO to siphone one more round. Wonder why investors never learn? | ||||
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jesmarnew
Senior |
12-Mar-2021 13:18
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Avoid....will go back become penny stock....dont waste time. Leopard never change its spot!!! | ||||
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ahberngh
Elite |
12-Mar-2021 13:05
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I think there must be some kind of barrier/rule to examine relisting after delisting. Otherwise, these exercises are subject to abuse.
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Starship
Supreme |
12-Mar-2021 12:44
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Aztech Global' s IPO public offer 18.4 times subscribed THU, MAR 11, 2021 - 6:40 PM AZTECH Global received applications from retail investors for 18.4 times the number of shares available in the public portion of its initial public offering (IPO), it announced on Thursday. With 3.5 million shares available to the public for subscription, it received 4,143 valid applications for about 64.42 million shares, with application monies received amounting to some S$82.5 million. Additionally, the company, which is in the business of the Internet of Things (IOT) and data communication, received indications of interest for about 1.06 billion placement shares, of the 64.62 million available. This results in its placement shares being some 16.4 times subscribed. Overall, based on the 68.12 million offer shares available for subscription under its IPO, assuming that the over-allotment option is not exercised, the invitation was 16.5 times subscribed. Michael Mun, executive chairman and chief executive of the company, said: " The subscription and application results are testament to Aztech' s strong investment proposition and a strong vote of confidence for our group' s growth plans and proven track record in innovating and introducing products aligned to the evolving electronics industry." He added: " Our successful listing also serves as a strategic platform for us to attract capital and the right talent, as we seek to grow and capitalise on opportunities to realise our business strategies and future plans." Based on the invitation price of S$1.28 and the post-invitation share capital of 773.72 million shares, Aztech' s market capitalisation will stand at S$990.4 million. Separately, a total of 18 cornerstone investors including DBS, acting on behalf of some wealth management clients the Employees Provident Fund Board JPMorgan Asset Management (Singapore) and HSBC Global Asset Management (Hong Kong) had subscribed for 163.88 million shares at the invitation price. The estimated net proceeds due to the company from the invitation and issuance and sale of cornerstone shares, after deducting the relevant expenses, will be S$188.6 million. UOB and Maybank Kim Eng Securities were the joint issue managers for the IPO. UOB, Maybank Kim Eng Securities, and DBS were the joint global coordinators, bookrunners and underwriters for the IPO. Trading of shares is expected to commence at 9am on Friday. https://www.businesstimes.com.sg/companies-markets/aztech-globals-ipo-public-offer-184-times-subscribed |
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eric998
Supreme |
12-Mar-2021 12:43
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another cow to milk for shortists.. great.. lets join the party.. lets see the short report later from sgx.. | ||||
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Just4win
Supreme |
12-Mar-2021 12:37
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The arrogant man who is never known to be a generous man and yet had offered more than what the previous stall owner had requested for.. and didn' t even bother to nego for better deal,,, at the expense of shareholders' pocket !!! why ????? Prob wanted o make a fool out of those who believed in him ? 5. Kay Lee Roast Meat acquisition did not workout in 2014- From Targeted 10 Kay Lee Restaurants to only 1 outlet
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zillion
Master |
12-Mar-2021 12:04
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It happens to many listed companies on SGX to delist after few years due to the low activities. It is sgx that allows to list an already delisted companies bec it runs out of new ideas/attracting new companies to list here.
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zillion
Master |
12-Mar-2021 12:00
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Dongguan land use easy to resolve just grease some palms and get on with life! | ||||
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easywin
Supreme |
12-Mar-2021 11:58
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Look like below IPO price very soon | ||||
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JY0064
Senior |
12-Mar-2021 11:45
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RUN ! Investment Income for Life: Aztech Global IPO- 5 Reasons Why I Am Giving It A MISS! (dividendpassiveincome.blogspot.com) 1. Aztech Global has disclosed the key business risk that its manufacturing facility in Dongguan do not have the necessary certification in right of use which may lead to disruption in supply and also potential breach of contract for late delivery due to the potential disruption.
Wow, this is an extremely risky event and a bad omen to kick off the IPO with no better certainty. Shouldn' t Aztech Global delay the IPO till this issue has been settled? They seemed desperate to launch the IPO to raise funds.  2. Risk of Illiquid Shares- Deja Vu of what happened in the previous Aztech Group version.
There is a possibility that even if one wanted to sell the stocks, there will not be sufficient buyers just like the good old days a few years back in another listed company called Aztech Group before it was privatized cheaply.
 3. Strange low NTA of S$0.2598 per share post IPO share capital of 773,720,000 shares relative to IPO asking price of S$1.20 per share.
This is the weird part. Aztech Global' s NTA per share is only S$0.2598 relative to IPO price of S$1.20 per share. In the case of immediate liquidation, it' s a huge drop in recoverable amount. I am unable to ascertain whether this was due to investment property at historical issue and not marked up to fair market valuation.
 4. Customer concentration risk and unknown customers to assess quality of clients and potential bad debt
The customers here are very secretive. While this is fine due to commercial and operational rationale, it does not appear transparent or informative for assessment on credit risk especially when these 3 top customers made up such a huge chunk of Aztech Global' s revenue generation.
 5. Kay Lee Roast Meat acquisition did not workout in 2014- From Targeted 10 Kay Lee Restaurants to only 1 outlet
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easywin
Supreme |
12-Mar-2021 11:17
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Today most simple and easywin counter is to short at 1.37, cover before 4:30 at much lower price should not be a problem | ||||
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