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(Post 1 of 111) 06/22/2004.18:57:16 |
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Any comments ?
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| (Post 2 of 111) 06/22/2004.19:14:07 |
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SIAS has commented on this counter. Can check with their website. It said the counter worth 38 cents i.e. 30% upside. Don't know how accurate it is. Just for discussion purposes.  |
| (Post 3 of 111) 06/22/2004.19:16:55 |
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wah so gud ah....i short 32-35 man!! |
| (Post 4 of 111) 06/22/2004.19:18:11 |
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Just remember Netresearch also give a stag recommendation on this counter. Usually NR is very conservative to give recommendation, may be this one at least worth a stag when US market is fine. |
| (Post 5 of 111) 06/22/2004.19:18:44 |
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short short short leave it NOCHOICE |
| (Post 6 of 111) 06/22/2004.19:20:22 |
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All depends on the opening price...... then see how to trade  |
| (Post 7 of 111) 06/22/2004.20:37:32 |
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Just remember Netresearch also gave an AVOID on China Petrotech and we all know how that one practically ran away in a dead market. |
| (Post 8 of 111) 06/22/2004.21:59:17 |
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Netresearch is just to pessimistic previously. I don't know now is too optimistic because of the counter is from Singapore big name? Let see how the market perform... |
| (Post 9 of 111) 06/23/2004.09:40:58 |
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TeleChoice IPO draws strong response from institutional investors
Singapore, 22 June 2004 - TeleChoice International Limited, a regional provider of mobile telecommunications equipment and solutions, today announced that its placement had been fully covered by indications of interest received through a book-building process. The placement of 85 million shares (excluding 1 million Internet Placement Shares and 11 million Reserved Shares) drew strong response from institutional investors. Indications of interest for the largest number of Placement Shares were received from institutional investors including AIG Investment Corp (S) Ltd, Pheim Asset Management (Asia) Pte Ltd, Phillip Capital Management (S) Ltd and UOB Asset Management Ltd. The TeleChoice initial public offering ("IPO") comprises 112 million shares (the "Shares") at S$0.29 per Share. 97 million Shares are offered by way of placement and 15 million Shares are offered by way of a public offer. The public offer will close at 12 noon on Wednesday, 23 June 2004 and trading of the Shares on the Main Board of the Singapore Exchange Securities Trading Limited is expected to commence on Friday 25 June 2004. Mr Clive Lim, President and Executive Director of TeleChoice International Limited said, ”We are very pleased with the strong response from institutional investors, in particular investors such as AIG Investment Corp, Pheim Asset Management, Phillip Capital Management and UOB Asset Management. We believe this is a reflection of the fundamentals of TeleChoice and the prospects of the regional telecommunications market.” DBS Bank is the Manager, Underwriter and Placement Agent for this IPO. Copies of the Prospectus, together with the application forms, may be obtained on request, subject to availability, during office hours from DBS Bank Ltd, 6 Shenton Way #36-01, DBS Building Tower One, Singapore 068809 and from DBS Bank branches (including POSB), and where applicable, members of the Association of Banks in Singapore, members of the SGX- ST and merchant banks in Singapore. A copy of the prospectus is also available on the SGX-ST website at http://www.sgx.com; and MAS website at http://masnet.mas.gov.sg/opera/sdrprosp.nsf. Anyone wishing to subscribe for or purchase the Shares will need to make an application in the manner set out in the Prospectus. Full details of the application procedures are set out in the Prospectus. About TeleChoice International Limited Incorporated in Singapore on 28 April 1998, TeleChoice International Limited (“TeleChoice”) is a regional provider of mobile telecommunications equipment and solutions. The company is a subsidiary of Singapore Technologies Telemedia Pte Ltd (“ST Telemedia”), a leading information-communications company with operations in Asia-Pacific, the Americas and Europe. TeleChoice provides a diverse range of equipment and solutions to different segments of the telecommunications industry, which include mobile network equipment providers and mobile network operators, enterprises and retail customers requiring mobile handsets and accessories. In addition, it also offers telecommunication services such as international long-distance call services and mobile network and engineering services and solutions. Headquartered in Singapore, TeleChoice has operations in the Asia-Pacific region, including Indonesia, Australia and Malaysia and has established a presence in Thailand and the Philippines. Its customers and principals include StarHub Pte Ltd and PT Indonesian Satellite Corporation Tbk, and Mitsubishi, Motorola, Nokia, Samsung and Sony Ericsson respectively. For more information, please visit our website at http://www.telechoice.com.sg |
| (Post 10 of 111) 06/23/2004.19:48:36 |
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TeleChoice International Limited IPO attracts strong response from institutional and retail investors
* Public Offer approximately 28 times subscribed, with approximately S$123 million in application monies received * AIG Investment Corp (S) Ltd, Pheim Asset Management (Asia) Pte Ltd, Phillip Capital Management (S) Ltd and UOB Asset Management Ltd, among institutional investors who have subscribed for the Placement tranche Singapore, 23 June 2004 -TeleChoice International Limited, a regional provider of mobile telecommunications equipment and solutions, today announced the close of the public offer tranche of its initial public offering (“IPO”). The IPO comprises 112 million shares (the “Shares”) at S$0.29 per Share. As at the close of the public offer, there were applications from the public for approximately 426 million Shares. This represents a subscription rate of approximately 28 times based on the 15 million Shares under the public offer tranche. In addition, the 97 million Shares offered by way of placement have also been fully taken up following a book-building process. Institutional investors who have subscribed for the largest number of shares include AIG Investment Corp (S) Ltd, Pheim Asset Management (Asia) Pte Ltd, Phillip Capital Management (S) Ltd and UOB Asset Management Ltd. "The strong response from both the Singapore public as well as institutional investors has been encouraging and we look forward to welcoming them as shareholders of TeleChoice," said Mr Clive Lim, President & Executive Director of TeleChoice International Limited. ”We are excited about the prospects of the regional telecommunications industry and will continue to leverage on our core strengths and established relationships with our principals and strategic shareholder, Singapore Technologies Telemedia Pte Ltd. Our public listing, coupled with the IPO proceeds, will allow us to implement our strategies of expanding TeleChoice’s range of products and services, our geographical presence and new market penetration in the region." DBS Bank is the Manager, Underwriter and Placement Agent for this IPO. TeleChoice’s shares will be traded in board lots of 1,000 shares on the Main Board of the Singapore Exchange Securities Trading Limited. Trading is expected to commence on 25 June 2004. About TeleChoice International Limited Incorporated in Singapore on 28 April 1998, TeleChoice International Limited (“TeleChoice”) is a regional provider of mobile telecommunications equipment and solutions. The company is a subsidiary of Singapore Technologies Telemedia Pte Ltd (“ST Telemedia”), a leading information-communications company with operations in Asia-Pacific, the Americas and Europe. TeleChoice provides a diverse range of equipment and solutions to different segments of the telecommunications industry, which include mobile network equipment providers and mobile network operators, enterprises and retail customers requiring mobile handsets and accessories. In addition, it also offers telecommunication services such as international long-distance call services and mobile network and engineering services and solutions. Headquartered in Singapore, TeleChoice has operations in the Asia-Pacific region, including Indonesia, Australia and Malaysia and has established a presence in Thailand and the Philippines. Its customers and principals include StarHub Pte Ltd and PT Indonesian Satellite Corporation Tbk, and Mitsubishi, Motorola, Nokia, Samsung and Sony Ericsson respectively. For more information, please visit our website at http://www.telechoice.com.sg |
| (Post 11 of 111) 06/24/2004.23:47:12 |
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I'm surprised not a single post on this ipo today considering this stk wd b listed tomorr. All gone to watch bola?  |
| (Post 12 of 111) 06/24/2004.23:49:35 |
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Nah, absolute no interests in this one depsite media's close attention and good coverage. Who cares?  |
| (Post 13 of 111) 06/25/2004.09:15:40 |
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Is it time to short?
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| (Post 14 of 111) 06/25/2004.09:21:35 |
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Underwater !!
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| (Post 15 of 111) 06/25/2004.09:30:27 |
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Shortists winning battle...  but hopefully not the war... |
| (Post 16 of 111) 06/25/2004.09:34:19 |
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farni huh.. there are married deals at 30 cents... |
| (Post 17 of 111) 06/25/2004.09:37:28 |
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well, some win, some lose. actually, tis one fairly ok wat! How come open like that? maybe AIG, Philip & Phiem Asset not that 'powderful' enough...
Or maybe DBS lose 'power' liao. Jishan then tis... |
| (Post 18 of 111) 06/25/2004.09:47:08 |
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[Dow Jones] NEW LISTING: Mobile telecoms equipment maker TeleChoice (T41) to edge up above 29 cent issue price on debut; pre-open shows bids as high as 37 cents. "The relatively big issue size of 112 million shares may limit upside for TeleChoice, although its earnings track record is fairly good, vs other recent listings," says trader. TeleChoice's public tranche of 15 million shares 28.2X subscribed. (EYG)
a few minutes later..
[Dow Jones] NEW LISTING: Mobile telecoms equipment maker TeleChoice (T41) down 8.6% at 26.5 cents, after opening at 27.5 cent low. Volume of 11.3 million shares makes it one of quietest debuts among IPOs this year. "TeleChoice's lackluster opening shows that interest in IPOs is not picking up, despite improving market sentiment," says trader. Order book shows strong resistance at 28.5 cents with 1472 offers. (EYG) |
| (Post 19 of 111) 06/25/2004.09:49:28 |
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heard many players stayed up to watch last night's match until 5.30am!!! this one unlucky start!! maybe after lunch lah. zzzzzzzz |
| (Post 20 of 111) 06/25/2004.09:52:25 |
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same trader??? how come change tone so fast. maybe lose $$$ liao lose confidence in counter. how fast $$$ can make people change attitude. Sad but inevitable... |
| (Post 21 of 111) 06/25/2004.11:33:44 |
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Aiyo...open only sink already ah? Jia lat.. |
| (Post 22 of 111) 06/25/2004.15:39:16 |
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junkie stock.. former sunpage.. kana 20 lots one.. sucks... may fall below 20 cents |
| (Post 23 of 111) 06/25/2004.15:45:52 |
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Nowadays katek power is indeed strong.
Nextime who dare to apply ipo ah? keke... |
| (Post 24 of 111) 06/25/2004.15:46:22 |
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Keiko, u applied n kanna 20 lots? |
| (Post 25 of 111) 06/25/2004.15:54:21 |
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Almost the same price as ChinaCast. Which one you willing to keep?
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| (Post 26 of 111) 06/26/2004.00:02:31 |
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NOchoice...hahahah
No story line to sell lah...mkts in spore and aus saturateed. next dbs ipo Techcomp seems better story |
| (Post 27 of 111) 06/26/2004.10:10:42 |
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SINGAPORE (Dow Jones)--State-owned Singapore Technologies Telemedia Pte. Ltd.'s first-ever locally listed spinoff stumbled in its debut Friday amid fears the company, with little growth prospects locally, chose a bad time to sell shares.
TeleChoice International Ltd. (T41.SG) fell as much 14% on debut, and cast a pall over when and how Telemedia may sell shares in its larger asset, StarHub Pte. Ltd. (STB.YY), one of three Singapore telecommunications companies. TeleChoice closed down 3.5 Singapore cents (US$1=S$1.7081), or 12%, to 25.5 cents on heavy volume of 38.8 million shares. One reason for the dismal start was just poor timing - TeleChoice made its debut when investors are worried over rising interest rates and an uncertain global political environment, with terrorism in Iraq dominating the news. The Straits Times index has shed about 4.6% since March. Another problem for investors is the company itself. Russell Tan, an analyst at NetResearch-Asia, an independent research firm, said: "Basically it's an amalgamation of three subsidiaries. They have existed together, only in accounting terms, for about seven months." TeleChoice cobbles together a distribution business with two other Telemedia units, one offering IDD and the other offering mobile network and engineering services. Analysts worry it may take time for the combined company to gel and grow outside Singapore, which contributed about 66% of the company's 2003 group revenue. The company made S$14.2 million net profit in 2003 on revenue of S$320.3 million. "Growth in Singapore is definitely limited," TeleChoice President and Executive Director Clive Lim said in a phone interview. "But growing very fast is our overseas business. Indonesia will be the same size (by revenue) as Singapore by the end of 2005." The distribution business, which contributed a huge 86% of the company's 2003 group revenue, is also a low-margin business. "Margins are low in the distribution business everywhere," Lim said. "But we hope we can sell more services (where) margins are better." TeleChoice raised S$32.5 million by selling 112 million shares in an initial public offering that was subscribed 28 times and managed by DBS Bank Ltd., a unit of DBS Group Holdings Ltd. (D05.SG). Of the total, 70 million are vendor shares, or those sold by existing shareholders, and 42 million are new shares. "It does seem like a rush job," said a Singapore-based analyst who declined to be named. "It'll have to be more careful with StarHub." StarHub To Launch IPO Soon StarHub, Singapore's second biggest telecommunications operator, is expected to sell shares to the public sometime this year, market conditions permitting. StarHub, worth between S$2.5 billion and S$3 billion, could raise up to S$700 million via the IPO. StarHub in March hired Credit Suisse First Boston LLC, a unit of Credit Suisse Group (CSF.YY), and UBS AG (UBS) to manage the offering. "TeleChoice's debut is disappointing. If its listing is to whet appetite for the far bigger StarHub IPO scheduled later this year, it has done the opposite," one trader said. Telemedia, which owns 51.8% of TeleChoice, owns 50.5% of StarHub. The other StarHub shareholders are BT Group PLC (BTY) which has an 11.9% stake, NTT Communications Corp. with 14.5%, Singapore Press Holdings Ltd. (S37.SG) with around 9% and Media Corp. of Singapore with around 14%. The Singapore Technologies Ltd. (STL.YY) group owns ST Telemedia, whose star assets include a 61.5% stake in Global Crossing Ltd. (GLBCE) and 42% control of PT Indonesian Satellite Corp. (IIT). |
| (Post 28 of 111) 06/28/2004.16:12:02 |
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Naked kateks here really dpp. |
| (Post 29 of 111) 06/28/2004.16:20:17 |
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so hot ah? |
| (Post 30 of 111) 06/28/2004.16:24:23 |
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FM, ya lor... heng I covered my shorts last fri. keke...
So many naked shorts leh...at last fri's closing. |
| (Post 31 of 111) 06/28/2004.16:34:55 |
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kiki, Is Sanyo or Mitsuibishi aircon better? |
| (Post 32 of 111) 06/28/2004.16:39:19 |
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Eh...I think Sanyo leh... but hor...Sanyo more ex, Mitsu cheaper. |
| (Post 33 of 111) 06/28/2004.16:40:45 |
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this one is reversing.. |
| (Post 34 of 111) 06/28/2004.16:41:17 |
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Friedman,
I am using Mitsubish.... |
| (Post 35 of 111) 06/28/2004.16:42:24 |
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Alftan, wah...no wonder starmex sales so good leh |
| (Post 36 of 111) 06/28/2004.16:44:52 |
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Friedman...
Ask u ur opnion hor, I am in the Q for ST ASS @1.33, what u reckon? |
| (Post 37 of 111) 06/28/2004.16:46:38 |
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Alftan, no worry, it will not be done |
| (Post 38 of 111) 06/28/2004.16:47:46 |
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Friedman,
miss by few hundred lots......just now |
| (Post 39 of 111) 06/28/2004.16:53:00 |
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Back from my trip..hehe.. |
| (Post 40 of 111) 06/28/2004.19:52:29 |
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Hope it goes up to 0.38 |
| (Post 41 of 111) 06/28/2004.21:25:17 |
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Telechoice opened at 0.275 down to 0.25 on the 1st day debut. It hit 0.24 bottom and reverse and shoot up and break the resistance line 0.275 and closed at highest point 0.30. This is a good sign of bullish pattern. From all the top volume active counters show that the huge volume and upwards pricing. It confirm that the changed from bearish to bullish sentiment. |
| (Post 42 of 111) 06/29/2004.09:09:30 |
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naked shorts last Friday..sure die this Thursday.. |
| (Post 43 of 111) 06/29/2004.20:38:48 |
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this one no more oil already only up by $0.005 |
| (Post 44 of 111) 06/29/2004.20:43:47 |
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amos: naked shorts on friday buy back on thursday? +4? |
| (Post 45 of 111) 06/29/2004.21:46:54 |
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Sing, Thurs or Friday. Sorry.. forgotten liao |
| (Post 46 of 111) 06/30/2004.20:50:24 |
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Sing, Naked short at friday should buy back by SGX on thurday
(T+3+1 day) Buy in price will be at least 2 bid above the closing price of T+3 or T+3+1 whichever higher
Got this from SGX website |
| (Post 47 of 111) 06/30/2004.21:24:33 |
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Thanks guys
Closing price of T+3 or T+3+1 whichever is higher. T+3 is today. T+3+1 is tomorrow. Then the buyback is tomorrow. So the buyback occurs after the markert closes or? |
| (Post 48 of 111) 06/30/2004.21:41:22 |
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The choice really has no choice... just how long can it stay above water?
Maybe have a choice... sit next to Teledata, and both can have Tele conversation being the ultimate choice. |
| (Post 49 of 111) 06/30/2004.21:49:14 |
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so hot ah? |
| (Post 50 of 111) 06/30/2004.23:41:45 |
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beg to differ here, will be the only ipo to stay at or above its launch price due to strong parentage. |
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