4 Stocks This Week (Recent IPOs) [17 July 2021] Southern Alliance Mining; United Hampshire US REIT; Memiontec; AMTD
News of Initial Public Offerings (IPOs) on SGX is always a welcome occurrence. Investors get more investment opportunities, and it is additionally a vote of confidence within the Singapore bourse.
In this instalment of 4 Stocks Now, we looks at recent IPOs on SGX, and just how they have fared so far.
Southern Alliance Mining (SGX: QNS)
Headquartered in Pahang, Malaysia, Southern Alliance Mining is principally involved in exploration, mining, processing and sale of high-grade iron ore. The company has monthly production capacity of around 60,000 tonnes of iron ore concetrates.
The company's primary operating site is the Chaah Mine, which has total ore reserves of 6.1 million tonnes at 51.2% Fe (as of 31 October 2021). The company also secured rights to handle exploration and mining operations at 3 potential iron ore sites in Johor, Malaysia.
The company stated by using the proceeds raised in the IPO, the company plans to further expand operations at Chaah Mine and initiate exploration work at their potential iron ore sites, as well as expand through potential acquisitions, joint ventures or development of new mines.
Southern Alliance Mining for auction on SGX Catalist on 26 June 2021 at a placement price of $0.25. The stock closed now at $0.265.
United Hampshire US REIT (SGX: ODBU)
United Hampshire US REIT owns and manages a diversified portfolio of stabilised income-producing properties in north-eastern Usa, which consists of 18 grocery-anchored and necessity-based retail properties and 4 modern, climate-controlled self-storage facilities.
The REIT serves tenants for example (but not limited to) restaurants, diy stores, fitness centres, warehouse clubs, and omni-channel retailers.
With the COVID-19 lockdown in the United States being gradually lifted, United Hampshire US REIT reported that they collected around 82% of base rents from retain tenants in April, and 77% in May.
United Hampshire US REIT's placement price was USD $0.80 also it closed this week at USD $0.57.
Memiontec Holdings (SGX: SYM)
Memiontec Holdings, which derives its name as shorthand for Membrane Ionexchange Technology, is a water treatment company more than 20 years of experience, serving public sector and industrial customers.
The company has business operations and treatment plants in Singapore, Indonesia and the People's Republic of China, leveraging on their in-house design, engineering, fabrication and assembly capabilities to provide “total solutions with engineering, procurement and construction” (TSEPC) for water treatment, wastewater treatment, water recycling treatment and sea water treatment and desalination.
Current projects in Singapore incorporate a $33.2 million upgrading project for PUB in the Tuas South Desalination Plant (which PUB took control of from the distressed Hyflux), works at Jurong Water Reclamation Plant, as well as the design, supply, installation and upkeep of the life support system of a penguin exhibit for an undisclosed wildlife park, presumably the Singapore Zoo.
In 2021, the organization diversified into long-term operation and maintenance of water treatment facilities and supplying water through transfer-own-operate-transfer (TOOT) and build-own-operate-transfer (BOOT) projects, through partnerships and joint ventures.
Memiontec's debuted on SGX Catalist at $0.225, also it closed this week at $0.22.
AMTD International (SGX: HKB)
AMTD International made history on SGX as the first company to list within dual-class structure. Its listing in Singapore is really a secondary one, with its primary listing on NYSE underneath the HKIB ticker.
Based in Hong Kong, the company operates through three main segments: Strategic Investments (which makes proprietary investments), Investment Banking (helping companies raise funds through equity and debt financing, performing IPO underwriting, doing private placements and debt issuances), and Asset Management (which supplies clients with asset management products and services).
AMTD has partnered with Xiaomi, Funding Societies and SP Group to jointly bid for any digital whole banking license in Singapore.
AMTD closed flat this wee at $16.20.