Lunch close saw it at a feeble RM1.74 with sellers aplenty and bargain hunters trying to drag down the price further. Looks like a gravity way here, Datuk Nathan!
At this rate, it will be sad to actually succeed in any public balloting. It is no longer a worthy effort to subscribe IPOs as premium seems razor thin even when analysts are expecting it to have at least a 20% premium.
Looks like the only IPO worth subscribing now is Bumi Armada.
Eversendai closed at RM1.72 for a 2 sen gain. Epic catastrophe!
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