by winston » Fri Jan 28, 2011 2:56 pm
Not vested. From Lim & Tan:-
The dismal debut by MSC yesterday is not good news for SGX.
MSC’s share price may have closed 3 cents above the IPO price of $1.75, the price in KL was dragged down 21 sen or 4.4% to M$4.60, which translates to S$1.92.
Fact is, the “ingredients†for a “better†showing are all there:
1) tin is at a record high;
2) MSC’s parent Straits Trading is an old blue-chip name.
MSC would be the first Malaysian company to seek dual listing here, and the debut is unlikely to spur other Malaysian companies to follow the lead. And one would have thought Malaysian companies would be natural candidates to look south for better
valuation.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"