Fantasia Holdings 1777

Re: Fantasia Holdings 1777 IPO

Postby winston » Wed Nov 25, 2009 6:55 am

Retail investors' appetite for new listings increased again as Fantasia climbed 12.39 percent in the gray market.

Investors of Fantasia posted a paper gain of HK$405 for each board lot of 1,500 shares as the mainland developer rose to HK$2.45 from HK$2.18.

Source: The Standard HK
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Re: Fantasia Holdings 1777 IPO

Postby winston » Wed Nov 25, 2009 9:47 am

Applied.

DJ MARKET TALK: Fantasia May Rise On Debut; Strong IPO Response

0829 [Dow Jones] NEW LISTING: Fantasia (1777.HK) may rise given strong IPO response, as China property developer's retail tranche 159X oversubscribed, triggering clawback so retail investors allotted 50% of 1.458 billion shares offered.

IPO priced at HK$2.18, vs indicative range of HK$1.75-HK$2.20. Gray market priced ended +12.4% at HK$2.45. KGI notes as of end-June 2009, group achieved 80% of FY09 target sales; also adding confidence is group having a number of cornerstone investors, including Joseph Lau of Chinese Estates (0127.HK), Cheung Chung Kiu of CC Land (1224.HK).

"Fantasia land bank concentrates in Sichuan Economic Zone that may be easier to benefit from the strong economy growth of China western area," KGI says. Based on IPO price, market cap at around HK$10.6 billion, vs market leader China Overseas' (0688.HK) HK$136.74 billion currently.

But IPO price at 29X FY09 P/E, not particularly attractive vs COL's 20.9X based on Thomson Reuters. Citic Securities, Deutsche Bank are listing sponsors.

Source: Dow Jones Newswire
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Re: Fantasia Holdings 1777 IPO

Postby Muhajir » Wed Jun 22, 2011 11:07 am

-Vested in today @ 1.15

- I know its not the right time for investment in Real Estate Developers. Why I bought is cause this stock is oversold and and I am just looking to "scalp" on the rebound.
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Re: Fantasia Holdings 1777

Postby Muhajir » Fri Jul 22, 2011 8:34 am

-Vested.

Sold my earlier shares some time ago @ 1.24. Now went in @ 1.18 yesterday hoping I can make something soon on the upward bounce.
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Re: Fantasia Holdings 1777

Postby Muhajir » Fri Aug 05, 2011 9:41 am

-Vested

Went in today @ 1.11 and now I hold quiet a substantial amount.. Frankly I am not confident though of a quick bounce up considering the current situation of markets. But time is on my side...

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Re: Fantasia Holdings 1777

Postby behappyalways » Tue Oct 05, 2021 10:59 am

Chinese Developer Fantasia Misses Bond and Loan Payments
https://m.youtube.com/watch?v=RMHO9L2vTvk
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