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(Post 1 of 98) 08/27/2004.10:46:11 |
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1st one to start this forum.
No new on this. |
| (Post 2 of 98) 08/27/2004.11:00:02 |
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Uncle Luibei! how are you?
how is your power nowadaz?? 
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| (Post 3 of 98) 08/28/2004.17:24:06 |
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Heard the response for this IPO is quite cold. Not much understood about this business and investors nowadays are quite fearful of new IPOs in the light of the recent failures in recent issues.
This one from the little I know does equipments for the agri industry. Not sure if they distributes or manufacture by themselves. I personally will siam this issue entirely. My broker told me the allocation of the placements was very slow , not sure what is his basis for this observation but going by my own persoanl deductions, not surprising at all! |
| (Post 4 of 98) 08/28/2004.17:32:47 |
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Ahh, ok, do some national service. Here is what I got:
Our Company was incorporated in Singapore on 3 October 2002 and is the holding company of Sanhe, our operating subsidiary in the PRC. We are principally engaged in the design, manufacture and sale of hand-held agricultural equipment, specifically, hand-sprayers, mist-dusters and brush-cutters. We use components which we manufacture in-house and those which we purchase from third party suppliers. Examples of the components we manufacture are plastic parts, aluminium alloy parts, small gasoline engines ( ) and carburetors ( ). We also sell some of these related components to certain customers of our handheld agricultural equipment who require replacement parts. Our products which are sold under our “Yongjia” brand are distributed to more than 30 provinces, autonomous regions, municipalities and special administrative regions in the PRC and exported to countries such as Bangladesh, Indonesia, South Korea, Malaysia, Singapore and Thailand. Our offices and production facilities are located in Linyi Industrial and Trade Development Zone, in Linyi city, Shandong province, PRC. Our production facilities occupy approximately 10,400 sq m in gross floor area and we had a manufacturing capacity of approximately 450,000 units of hand-held agricultural equipment in FY2003. |
| (Post 5 of 98) 08/28/2004.17:45:11 |
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The following shows the cost of the shares these early investors pay. They paid 2.5 cents. Versus the IPO price of 23 cents.
Hoggeston Limited 0.025 Alpha China Enterprises Limited 0.025 Sino Horizon Group Limited 0.025 New investors 0.23 |
| (Post 6 of 98) 08/28/2004.17:49:10 |
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Read for your self.. extracted from Prospectus
On 19 March 2004, pursuant to the Loan Capitalisation, each of Hoggeston, Alpha China and Sino Horizon became shareholders of our Company, having 50%, 45% and 5% shareholding interest in our Company respectively. The shareholders and directors of Hoggeston are Dr Lim Seck Yeow (our non-executive Chairman) and Tan Geok Bee, each holding 50% of the issued share capital of Hoggeston. The sole shareholder and director in each of Alpha China and Sino Horizon are Xue Yongwen (our Managing Director) and Zhang Chengbin (our non-executive Director). |
| (Post 7 of 98) 08/28/2004.17:56:44 |
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Wow... !
Dr Richard Charles Helfer is our Independent Director and was appointed our Director on 16 July 2004. He is currently the Chairman of RCH International Pte Ltd, a tourism/hospitality organisation. Dr Helfer joined Raffles International Limited, the hotel/resort management subsidiary of Raffles Holdings Limited, as its founding Chairman and Chief Executive Officer in 1989. In 1995, he also became the President and Chief Executive Officer of Raffles Holdings Limited. He concurrently held both positions to 2003. Dr Helfer graduated from Michigan State University with a Bachelor of Arts degree in hotel and restaurant management with Honours. He also holds a degree of Doctor of Business Administration in Hospitality Management Honoris Causa from Johnson & Wales University, Rhode Island, United States of America. Dr Helfer served on the Singapore Tourism Board from 1997 to 1999, and currently sits on the Preservation of Monuments Board, Singapore. |
| (Post 8 of 98) 08/28/2004.18:01:48 |
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Do you think Dr. Helfer delivered any value whilst he was at Raffles Holdings? |
| (Post 9 of 98) 08/28/2004.18:04:22 |
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I am sure he did, didnt he? He is a old bird in this hotel industry. He was in the thick of the Westin to Swissotel acquisition & the transformation of the brand name.
Again puzzling why he is a independent at this Chinese agri industy IPO. Highly unrelated to his hotel experience. Must have been good friends with Lim Seck Yew, the CFI boss? |
| (Post 10 of 98) 08/30/2004.10:21:52 |
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Looks like no many over here are that keen about this issue. Discussion is dry. Spoke to a seasoned broker and he said he is always weary of companies who report massive jump in earnings for the latest FY results for preparation of IPO. |
| (Post 11 of 98) 08/30/2004.13:58:40 |
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Agricultural Equipment Manufacturer Zhongguo Powerplus launches IPO on 25 Aug 2004
SINGAPORE, 24th August 2004 – Zhongguo PowerPlus Industries Limited ("PowerPlus", or "Group") which designs, manufactures and sells hand-held agricultural equipment has announced today that it will launch its Initial Public Offering ("IPO") of 89.5 million new shares at S$0.23 each on 25th August 2004. The shares will be traded on the Main Board of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). PowerPlus intends to offer 89.5 million new shares of S$0.025 each, representing 25.3% of its post-invitation issued share capital of 354,000,000 shares. The invitation structure is as follows:- - 4 million shares for public offer - 84.4 million shares for placement - 1.1 million reserved shares At an issue price of S$0.23 per share and pre-invitation earnings per share ("EPS") of 3.19 cents for the financial year ended 31 December 2003, the historical price to earnings ratio ("PER") is approximately 7.2 times. This is attractively lower than recent IPOs such as Meghmani Organics of 11.4 times and Daka Designs of 11.2 times. The invitation will close on 1 September 2004, 12 noon. Balloting of applications will take place on 2 September 2004 and trading on a "when issued" basis, if applicable, will commence on 3 September 2004. PowerPlus’s Founder and Managing Director, Mr. Xue Yongwen, said, "Becoming a public listed company is an important milestone for PowerPlus. We believe this will help us raise our profile and further promote our hand-held agricultural equipment for agricultural, forestry and landscaping purposes in the PRC and global markets." "The PRC government’s continued and increasing efforts on strengthening the role of agriculture in the country’s economic development will lead to a greater demand for agricultural equipment in the PRC. As a hand-held agricultural equipment maker in the PRC, we believe we are well-placed to take advantage of this growth." The IPO is managed and underwritten by HL Bank. Commenting on the offer, Mr. Khong Choun Mun, Head of Investment Banking of HL Bank said, "PowerPlus is a fast growing company in the rising PRC agricultural industry. PowerPlus has already built a reputation as an established hand-held agricultural equipment maker in the PRC with a recognised brand name and capabilities from product design, to partsmaking and final assembly. To date, PowerPlus’ hand-held agricultural equipment is sold to more than 280 customers in the PRC and 20 countries abroad." "The listing is a strategic move to propel the company into its next stage of growth. Considering its track record, strong fundamentals and growth prospects, we believe this offer is attractively priced." The IPO will raise net proceeds of approximately S$18.1 million, of which S$10.2 million will be used to expand production capacity and improve production capability, S$1.5 million to strengthen product development capabilities, and the remaining to develop new markets and expand sales network and as additional working capital. The prospectus, together with the application forms, is available for collection during the IPO period at HL Bank, at 20 Collyer Quay #01-02, Tung Centre, Singapore 049319, during office hours. Anyone wishing to acquire the shares pursuant to the IPO will need to make an application in the manner set out in the prospectus. Full details of the application procedure are set out in the prospectus. - end - About Zhongguo PowerPlus Industries Limited With a history tracing back to 1993, PowerPlus designs, manufactures and sells hand-held agricultural equipment namely, hand-sprayers, mist-dusters and brush-cutters, as well as related components of such equipment such as plastic parts, aluminium alloy parts, small gasoline engines and carburetors. The Group places emphasis on continuous product research and development and has registered 29 patents as at the end of June 2004. The Group’s office and production facilities are housed in two locations both situated in Linyi Industrial and Trade Development Zone in Linyi city, Shandong province, PRC, with a combined floor area of approximately 10,400 square metres. The Group had a manufacturing capacity of about 450,000 units of handheld agricultural equipment in FY2003. The comparative small size and portability of PowerPlus’ hand-held agricultural equipment lends it versatility allowing it to be applied for usages within and beyond the agricultural industry. End-users of their products include farmers, gardeners and landscaping companies. PowerPlus’ distribution network of over 280 customers is spread across more than 30 provinces, autonomous regions, municipalities and special administrative regions in the PRC, and countries such as Bangladesh, Indonesia, South Korea, Malaysia, Singapore and Thailand. For more information, please visit the Group’s website at www.powerplusindustries.com |
| (Post 12 of 98) 08/30/2004.17:12:30 |
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IPO Closing Alert!
Subscription for IPO closing soon! Issue Price: S$0.23 per share Closing on 1st September 2004 / 12:00 noon Company Background: With a history tracing back to 1993, PowerPlus designs, manufactures and sells hand-held agricultural equipment namely, hand-sprayers, mist-dusters and brush-cutters, as well as related components of such equipment such as plastic parts, aluminium alloy parts, small gasoline engines and carburetors. The Group places emphasis on continuous product research and development and has registered 29 patents as at the end of June 2004. The Group’s office and production facilities are housed in two locations both situated in Linyi Industrial and Trade Development Zone in Linyi city, Shandong province, PRC, with a combined floor area of approximately 10,400 square metres. The Group had a manufacturing capacity of about 450,000 units of handheld agricultural equipment in FY2003. The invitation structure is as follows :- 89.5 million new shares of S$0.025 each, representing 25.3% of its post-invitation issued share capital of 354,000,000 shares. - 4 million shares for public offer - 84.4 million shares for placement - 1.1 million reserved shares Useful Links: - Investor Relations website - Presentation Slides during the IPO launch - Download Prospectus - Press Releases |
| (Post 13 of 98) 09/02/2004.18:35:52 |
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POwerplus..real or not?
DOUBLE-DIGIT GROWTH FOR NEXT 3 TO 5 YEARS ----------------------------------------- Boss of new China listing on SGX guarantees this Jaime Koh jaime@newstoday.com.sg Zhongguo PowerPlus Industries will become the first China agriculture player to list on the Singapore Stock Exchange mainboard when trading begins tomorrow after a successful initial public offering (IPO). The company offered 89.5 million new shares worth $0.25 each during its IPO launched last week. The issue price per share is 23 cents and the price to earning ratio is 7.2 times. PowerPlus had raised about $18 million from the IPO - the bulk of which will be used to expand production capacity and improve production capability. Speaking to Today ahead of the start of trading, Dr Lim Seck Yeow, chairman and director of PowerPlus, expressed confidence that the company "would do much better than recent IPOs". "In fact, I can guarantee you that the company would have double-digit growth for the next three to five years," he declared. PowerPlus is a Shandong-based company which designs, manufactures and sells hand-held agricultural equipment such as hand sprayers, mist dusters and brush cutters, as well as related components. Though incorporated only two years ago, PowerPlus had its beginnings as Linyi Plastic Engineering Factory that was set up in 1993. From manufacturing parts and components only to tools, the company has transformed into a turnkey operation. Within a year of the change in business model, the sales of its brush-cutters and mist dusters increased 17-fold from 20,000 units in 2002 to some 340,000 units last year, said Dr Lim. The company's revenues have leapt more than 20-fold from $2.6 million in 2001 to 41.1 million in its financial year 2003. Net profit also increased from $230,000 to $8.4 million in the corresponding period. And now with the Chinese government's support for China's agriculture industry in terms of tax incentives, subsidies and favourable land policies, the prospects for the industry cannot be better, said Mr Xue Yongwen, managing director of PowerPlus. While China is PowerPlus' main market, its products are also distributed in South-east Asia, Australia and Europe. "The listing in Singapore will not only help us expand our market share in China, but will also help us expand into South-east Asia and Europe," Mr Xue said. |
| (Post 14 of 98) 09/02/2004.18:54:51 |
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Such strong statement... "i guarantee".
Tomorrow starts trading. |
| (Post 15 of 98) 09/02/2004.20:45:15 |
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If my memory is correct, this guy sold substantial stake of his
China Food Ind shares just after IPO moratorium. Anyway cost of Zhongguo Powerplus is only 2.5 cts to him. If he is so bullish, let him keep it. Caveat emptor |
| (Post 16 of 98) 09/02/2004.21:35:18 |
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SGX Statement on Zhongguo PowerPlus
SGX refers to the statement made by the Chairman of Zhongguo PowerPlus Industries Limited, Dr Lim Seck Yeow, "I can guarantee you that the Company would have double-digit growth for the next three to five years" , and the subsequent clarifications made by the Board of Directors of the Company. No director or representative of a listed company should make statements which might be interpreted as a profit guarantee without disclosing the basis for such statements. SGX reminds all representatives of listed companies to exercise due care when making public statements on behalf of the company. Such statements should not be made lightly and must be properly substantiated in order not to mislead investors. Submitted by Joyce Fong Foong Chao, Company Secretary on 02/09/2004 to the SGX Just for laughs |
| (Post 17 of 98) 09/02/2004.21:45:54 |
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Balloting Ratio |
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| (Post 18 of 98) 09/02/2004.22:00:43 |
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I think this "i guarantee" words will help the debut tomorrow as some investors might become interested at the Chairman's bullishness. Don't forget they have a Zhongguo Jilong coming up too.
I have no vested interest and is not that keen. But after reading the business profile in listedcompany.com, seems like a decent old economy stock that is likely to do well pending the use of proceeds to expand prdn capacity. Hope they can employ the proceeds quickly to nullify the dilution effects post listing. |
| (Post 19 of 98) 09/03/2004.09:02:04 |
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0820 [Dow Jones] NEW LISTING: Agriculture equipment maker Zhongguo PowerPlus (Z02) likely set for muted debut, continuing poor run of recent IPOs; public offer of 4 million shares at 23 cents/each 20x subscribed, placement tranche 1.9x, suggesting demand rather lackluster; no gray market for stock prior to debut underscores low interest, says trader. PowerPlus also off on wrong footing with SGX, with exchange taking issue with chairman Lim's guarantee of "double-digit growth for the next 3 to 5 years" statement; says no company should make profit forecasts without supporting facts. (ANU) |
| (Post 20 of 98) 09/03/2004.09:17:30 |
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"I can guarantee you that the Company would have double-digit growth for the next three to five years"
Guarantee also no use. |
| (Post 21 of 98) 09/03/2004.10:04:52 |
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lau sai also.
0918 [Dow Jones] NEW LISTING: Zhongguo PowerPlus (Z02) makes lackluster debut, down 4.4% at 22 cents on 15.9 million shares, after hitting 24 cent high vs IPO price of 23 cents. Though earlier buying probably boosted by hopes of steady growth over next few years, stock "lacks an attractive investment theme," says trader, given company in staid agricultural equipment business. Order book shows sellers coming out in force; big offers at 23-25 cents; initial support likely at 21 cents with 2350 bids. (ANU) |
| (Post 22 of 98) 09/03/2004.11:09:49 |
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IPO market is still very bad.. |
| (Post 23 of 98) 09/03/2004.12:27:59 |
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"I can guarantee you that the Company would have double-digit growth for the next three to five years"
This is good for shareholders. If the Company fails to deliver promise, then sue him for the difference. So technically not much down side for investors who got the IPO shares. |
| (Post 24 of 98) 09/03/2004.12:37:54 |
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In the article, the chairman of PowerPlus, Dr Lim Seck Yeow was quoted saying "I can guarantee you that the company would have double-digit growth for the next three to five years".
The Board of Directors wishes to clarify that it does not purport to make any representations or indications of any forecast or guarantee as to the Company's financial performance as suggested by the quoted statement. In view of the aforesaid, and to avoid any possible confusion as to the Company's prospects, Dr Lim has informed the Board that he has unconditionally and formally retracted his quoted statement, and wishes to apologise for the confusion caused by his quoted statement. Can you still sue him? |
| (Post 25 of 98) 09/03/2004.12:43:30 |
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First impression last, like that say already bo par kai, how to trust the management? I also guarantee this one will close below IPO price. |
| (Post 26 of 98) 09/03/2004.13:49:46 |
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so like dat the company cannot guarantee double digit growth izit.. does anybody knows how much shares he has after today's listing? |
| (Post 27 of 98) 09/03/2004.14:18:59 |
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Same fate or fatal like the rest of the recent IPOs.  |
| (Post 28 of 98) 09/03/2004.14:28:00 |
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"I can guarantee you that the company would have double-digit growth for the next three to five years".
is as famous as "I already gave my best, I have no ..." |
| (Post 29 of 98) 09/03/2004.14:31:22 |
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 I have no regret??
He just got his money back... |
| (Post 30 of 98) 09/04/2004.00:44:07 |
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Lucky he never 'guarantee' success on debut, eh?
Business Times - 03 Sep 2004 Lim confident of PowerPlus's debut By JEAN CHUA LIM Seck Yeow, who is taking his second company public tomorrow, is unfazed by the poor showing of recent initial share sales and believes Zhongguo PowerPlus Industries will outperform other listings. Shares of Zhongguo PowerPlus, an agricultural equipment manufacturer based in Shandong, China, start trading today on the main board of the Singapore Exchange. They were issued at 23 cents each. In the past two months, new listings such as China's reforestation company Guangzhao Industrial Forest Biotechnology Group, Hong Kong's Daka Designs and India's Meghmani Organics have fallen below their IPO prices on debut amid weak market sentiment. The latest two companies seeking a listing on SGX are Pharmesis International, a China-based drug maker, and Alantac Technology, a local contract manufacturer of equipment and precision machinery, which lodged their preliminary prospectuses with the Monetary Authority of Singapore on Tuesday. Mr Lim, who took China Food Industries to a Sesdaq listing last year and is executive chairman of PowerPlus, said in an interview with XFN-Asia: 'We're confident we'll do better than other recent IPOs. We shouldn't be too worried about first-day performance and the premium of the first-day trading. The company has sound fundamentals and is growing very strongly, and investors will eventually take notice.' Last year, PowerPlus had a profit of 40.2 million renminbi (S$8.3 million), up from 2.8 million in 2002, as revenue rose to 195.6 million renminbi from 26.6 million. The company expects 2004 net profit to be better than last year's. Mr Lim also said the stock's historical price-earnings ratio is about 7.2 times, lower than Meghmani's 11.4 times and Daka Design's 11.2 times. Meanwhile, the Chinese stock market regulator said yesterday that it is working with the Hong Kong Stock Exchange on changes to its share-sale approval rules to make it easier for domestic companies to seek overseas listings, an official said. |
| (Post 31 of 98) 09/04/2004.08:43:54 |
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Power Negative on first day |
| (Post 32 of 98) 09/06/2004.08:30:20 |
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'We're confident we'll do better than other recent IPOs. We shouldn't be too worried about first-day performance and the premium of the first-day trading. The company has sound fundamentals and is growing very strongly, and investors will eventually take notice.' ...
Yes, investors took notice. That is the reason why sink below water. The next time investor take notice is when that announce results not up to expectation due to many reasons.... |
| (Post 33 of 98) 09/06/2004.16:13:44 |
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i am thinking of taking the plunge |
| (Post 34 of 98) 09/08/2004.13:57:28 |
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ZHONGGUO POWERPLUS INDUSTRIES LIMITED
INCREASE IN INVESTMENT IN WHOLLY-OWNED SUBSIDIARY Pls view announcement here. |
| (Post 35 of 98) 09/13/2004.18:25:36 |
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ZHONGGUO POWERPLUS INDUSTRIES LIMITED
Half Year Financial Statements Announcement for the Period Ended 30 June 2004 Pls view announcment here. |
| (Post 36 of 98) 09/13/2004.18:32:57 |
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ZHONGGUO POWERPLUS INDUSTRIES LIMITED
PRESS RELEASE - Zhongguo PowerPlus 1H2004 Net Profit Quadrupled Pls view announcement here. |
| (Post 37 of 98) 09/14/2004.09:17:36 |
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wondering who is selling in big chunks. how come no declarations? |
| (Post 38 of 98) 09/14/2004.09:38:53 |
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wah! selling agri tools also can have profit S$8mil. |
| (Post 39 of 98) 09/14/2004.09:40:51 |
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Twenty provinces...each of them bigger than Singapore i think. but there is someone out there dumping the stock. |
| (Post 40 of 98) 09/14/2004.09:57:23 |
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0840 [Dow Jones] Zhongguo PowerPlus (Z02) tad up at pre-open, 802 bids, 460 offers at 24 cents, vs 23.5 cent close yesterday, likely getting boost from upbeat 1H results; net profit +274% on-year at CNY39 million, or 96% of FY03 net profit, as revenue +108% at CNY138 million, helped by buoyant demand for hand-held agricultural in China, 100% tax relief as company entitled to income tax exemption in FY2004. Also positive, PowerPlus promises dividend policy from FY2005. Next cap likely at 24.5 cents with 3688 offers. (CAW) |
| (Post 41 of 98) 09/14/2004.11:29:29 |
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8000+ lots selling at 0.24, some one does not want this to go up. |
| (Post 42 of 98) 09/14/2004.11:33:18 |
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Raining, should be pouring very heavily now.... |
| (Post 43 of 98) 09/14/2004.11:37:19 |
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9000+ lots now. This is serious volume looking to unload. |
| (Post 44 of 98) 09/14/2004.11:39:28 |
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85.5million placement shares and 4million public shares....thats 11% of that float at 0.24 now. |
| (Post 45 of 98) 09/14/2004.15:36:16 |
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Dear Investors,
The Half Year Financial Statements has been updated. Please click here to view the latest financials. Regards. |
| (Post 46 of 98) 09/14/2004.17:06:52 |
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COmpany is soaking with cash....wow |
| (Post 47 of 98) 09/16/2004.09:48:41 |
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Strong 1H04 result with net profit more than 200% increase
Management is upbeat with current year prospect
New products launches and expand to new oversea market
May be a dividend play from FY05...estimate about 3-4%
waiting for TA indication to buy. |
| (Post 48 of 98) 09/22/2004.14:39:27 |
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went in at 21.5 last week....anyone else ? |
| (Post 49 of 98) 09/22/2004.18:28:55 |
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Went in at 0.235 when the results were out. Went in at 0.22 again.... hopefully it will rally soon. Good financial results and price havent go up since IPO... guess it is time for it to move... |
| (Post 50 of 98) 09/24/2004.19:28:47 |
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bought up 200 lots at 0.22c today .... all the best |
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