Singapore Stock Market News
ValueMax Group Limited - IPO Heavily Oversubscribed
StockFanatic
Publish date: Wed, 30 Oct 2013, 01:27 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
We initiate coverage on ValueMax Group Limited (ValueMax) with an Increase Exposure rating, following the commencement of trading of its shares on 30 Oct 2013. We had on 24 Oct 2013 issued an unrated IPO Highlight report ("Moving Up to the Next Stage") that valued the company at S$0.820 per share versus an IPO price of S$0.510.
This report assigns a rating to the counter, comments on the IPO results and recaps on some of the investment merits of the company.
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