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New IPO need to give a good impressiob must not all the time submarine ....need to appear like big battleship.
Djia went up ,got chance next week can back to Ipo price and above lah...
Back to IPO price those buy in morning price in positive loh..
Sgvale ( Date: 17-Oct-2025 13:57) Posted:
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Bought abit try try
Soon Hock Enterprise closes lower at 57.5 cents (IPO px - 58 cents)on first day of trading
Soon Hock Enterprise Holdings closed at 57.5 cents on its first day of trading on Oct 16, lower than its IPO price of 58 cents.
The industrial properties developer opened at 63 cents and went to an intra-day high of 64 cents. It closed with 27,654,5000 shares changing hands.
The group&rsquo s initial public offering (IPO) of $48.1 million was 9.8 times subscribed. For the 2.8 million shares available in the retail tranche, there were 1,444 applications for a total of 47.3 million shares, which makes this 16.9 times subscribed.
The larger international offer of 18.78 million shares received interest worth $95.1 million, which made the tranche 8.7 times subscribed.
In addition, this issue attracted cornerstone investors who together put in $35.6 million.
" With the funds raised, we intend to actively pursue market opportunities to acquire new land sites and buildings for development and redevelopment," says executive director and CEO Tan Min Loon.
Part of the proceeds will also be allocated to partly finance the cost of the company' s existing property development and redevelopment projects in the pipeline.
Cuting interest rate end of the month good for property stocks......believe President Trump he can do it .
I am amazed how toxic some people are.
You don?t know doesn?t mean others don?t know. A simple google search reveals that their last call was iwow which has doubled since then.
I will be looking to loading some tomorrow. For big runners you can check out my previous posts before you start commenting.
Just sharing the report which someone asked for and I happened to have access. Dont follow the stock but the founder who was ex Cogent has a decent reputation in the market. Not invested but every stock at the right price is worth looking at.
nott1965 ( Date: 16-Oct-2025 22:11) Posted:
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You really believed this this report from a unvestment firm that no one has heard of. You really want to dump your hard earned money here when there are many better counters that had fallen below its fundamental since Trump tarifff?
Established player with consistent execution
Investment Highlights
We initiate coverage on SHE with a RNAV-based TP of S$0.74, representing an upside of 27.6%. Amongst SHE&rsquo s listed peers within the strata industrial market, Wee Hur is the most similar to SHE in terms of business model, but with a much larger recurring revenue base due to its workers&rsquo dormitory business. We also note that among its peer set, SHE is the only one with sole Singapore exposure while its peers all have overseas operations. Nonetheless, we like that SHE has been actively replenishing their land bank, and has been launching almost one project per year, with the exception of the pandemic era as well as the management being held up by the delisting of Cogent Holdings previously around 2018.
Strong track record of monetizing development projects. SHE&rsquo s core focus is on the development of ramp-up projects, designed with direct access parking and loading/unloading areas positioned right in front of each production unit. These projects also incorporate generous parking provisions for both users and visitors. Each strata-titled unit is designed to maximise functional efficiency, with regular layouts and column placements that optimise usable space. This approach to design has driven strong market demand for several prior projects - including Tuas Cove at Tuas South Avenue 1, S9 at Serangoon North, and Bartley Biz Centre at Kaki Bukit - achieving full sell-out even before completion.
Has major development projects underway. JTC&rsquo s industrial land in Singapore is primarily offered on a leasehold basis, with recent typical lease terms of 20 or 30 years. Between 2015-2024, nearly 70% of Industrial Government Land Sales (IGLS) sites sold had 20-year leasehold tenures, making 30-year leasehold tenures relatively rare. Additionally, not all 30-year leasehold IGLS sites are eligible for strata subdivision and sale, with some sites specifically reserved for end-users. SHE&rsquo s upcoming industrial initiatives, Stellar@Tampines and Skye@Tuas, are both 30-year leasehold facilities, with a combined GDV of nearly S$700m.
One of the top players within the strata industrial sale market. As of Mar 2025, SHE has a market share of approximately 6% within the strata industrial sale market based on total GFA, per C& W estimates.
Investment Highlights
We initiate coverage on SHE with a RNAV-based TP of S$0.74, representing an upside of 27.6%. Amongst SHE&rsquo s listed peers within the strata industrial market, Wee Hur is the most similar to SHE in terms of business model, but with a much larger recurring revenue base due to its workers&rsquo dormitory business. We also note that among its peer set, SHE is the only one with sole Singapore exposure while its peers all have overseas operations. Nonetheless, we like that SHE has been actively replenishing their land bank, and has been launching almost one project per year, with the exception of the pandemic era as well as the management being held up by the delisting of Cogent Holdings previously around 2018.
Strong track record of monetizing development projects. SHE&rsquo s core focus is on the development of ramp-up projects, designed with direct access parking and loading/unloading areas positioned right in front of each production unit. These projects also incorporate generous parking provisions for both users and visitors. Each strata-titled unit is designed to maximise functional efficiency, with regular layouts and column placements that optimise usable space. This approach to design has driven strong market demand for several prior projects - including Tuas Cove at Tuas South Avenue 1, S9 at Serangoon North, and Bartley Biz Centre at Kaki Bukit - achieving full sell-out even before completion.
Has major development projects underway. JTC&rsquo s industrial land in Singapore is primarily offered on a leasehold basis, with recent typical lease terms of 20 or 30 years. Between 2015-2024, nearly 70% of Industrial Government Land Sales (IGLS) sites sold had 20-year leasehold tenures, making 30-year leasehold tenures relatively rare. Additionally, not all 30-year leasehold IGLS sites are eligible for strata subdivision and sale, with some sites specifically reserved for end-users. SHE&rsquo s upcoming industrial initiatives, Stellar@Tampines and Skye@Tuas, are both 30-year leasehold facilities, with a combined GDV of nearly S$700m.
One of the top players within the strata industrial sale market. As of Mar 2025, SHE has a market share of approximately 6% within the strata industrial sale market based on total GFA, per C& W estimates.
Newbie85 ( Date: 16-Oct-2025 14:52) Posted:
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Today flush all clean clean!! Tomorrow should show its real colour
Can share the report? Thinking to grab some
Sgvale ( Date: 16-Oct-2025 11:04) Posted:
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i really wonder those who applied for this ipo bother to flip thru the prospectus and just blindly go atm or internet banking just click apply😛
IPO = It' s probably overpriced?
Industrial property developer Soon Hock IPO 9.8 times subscribed
Its Singapore public offer of 2.8 million shares is 16.9 times subscribed
[SINGAPORE] Industrial property developer Soon Hock on Wednesday (Oct 15) said that its 21.6 million shares on offer were 9.8 times subscribed.
Its Singapore public offer of 2.8 million shares were 16.9 times subscribed, and drew 1,444 valid applications for 47.3 million shares in all.
The international offer of 18.8 million shares was 8.7 times subscribed, with indication of interest received for some 164 million shares.
Each share was priced at S$0.58.
Three substantial investors were allocated more than 5 per cent of the total offering shares &ndash Tokio Marine Life Insurance Singapore, Pheim Asset Management (Asia) and Lion Global Investors.
They were allocated 1.08 million shares each.
Those who had applied for between 10,000 and 24,900 shares were allocated the largest proportion of the Singapore offering, or 38.7 per cent, with 361 applicants were given 3,000 shares each.
On the other end of the spectrum, those who applied for between 75,000 and 99,900 shares were only allocated 1.9 per cent, with nine applicants receiving 6,000 shares each.
Concurrently, cornerstone investors have entered separate agreements with the company to subscribe for 61.4 million new shares, valued at about S$35.6 million.
Singapore gets noticed as IPO activity rises
Cornerstone investors, typically large institutions that subscribe before an initial public offering (IPO), include Amova Asset Management Asia, ICHAM Master Fund VCC, Maybank Securities and UOB Kay Hian.
Together with the cornerstone subscriptions, the total deal size amounted to about S$48.1 million.
The company expects to raise net proceeds of about S$34.6 million from the IPO and issuance of cornerstone shares. The proceeds will go towards acquiring new land sites and buildings for development and redevelopment, as well as partly financing existing projects in its pipeline.
Ethan Aw from Evolve Capital Advisory initiated coverage for the counter, with a &ldquo buy&rdquo call and a target price of S$0.74 on Wednesday.
He said that as at March this year, Soon Hock is one of the top players within the strata industrial sale market, with a market share of some 6 per cent based on gross floor area, per Cushman & Wakefield estimates.
&ldquo We like that Soon Hock has been actively replenishing their land bank, and has been launching almost one project per year, with the exception of the pandemic era as well as the management being held up by the delisting of Cogent Holdings previously around 2018,&rdquo Aw said.
He added that Soon Hock also has major development projects that are underway, including Stellar@Tampines and Skye@Tuas, both of which have 30-year leasehold facilities with a combined gross development value of nearly S$700 million.
Soon Hock registered its prospectus on Oct 8, and its shares are expected to begin trading on the SGX on a &ldquo ready&rdquo basis at 9 am on Thursday.
Ethan Aw from Evolve Capital Advisory initiated coverage for the counter, with a ?buy? call and a target price of S$0.74 on Wednesday.
ysh2006 ( Date: 16-Oct-2025 10:08) Posted:
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Keep long enough you may be able to eat shark fins, you never know...
Open IPO now price enough to just drink a cup of coffee ....IPO 58c