 |
|
  |
2009-3-23 10:49:00 a.m. HKT, XFNA
DJ MARKET TALK: Asia Cassava +17.6%; But Gains May Not Hold -DBS
|
| |
| 1042 [Dow Jones] NEW LISTING: Asia Cassava Resources (0841.HK) +17.6% at HK$1.19, vs IPO price of HK$1.02; off early high of HK$1.25 (likely an immediate cap), on volume of HK$5.35 million, or 4.63 million shares (vs 75 million shares offered). "Trading volume is really thin for the stock and I don't expect the current upside could sustain, given its uncertain earnings outlook ahead," says Peter Lai at DBS. Grey market price flat with shares untraded, after retail tranche only 2.6X oversubscribed, IPO priced at low end of indicative range HK$1.02-HK$2.04. (SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=QmO%2BcpzzMR5Gz5LjWdcskw%3D%3D. You can use this link on the day this article is published and the following day.
(Delayed by 1 hour)
-0-
Copyright (c) 2009 Dow Jones & Company, Inc. |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
