From CNA forum: I have been a shareholder of this counter for donkey years liao.
Just take a look at its financials, NAV about 22 US cents and with the impending ipo of Mstar, the funds will sooner rather than later sniff out that this is one gem in the making.
The company has been doing a share buyback on a regular basis, they also realise in SGX, the valuation tend to be lower as compared with HK, TW or even shanghai. Maybe thats y the buyback the shares not as treasury but to cancel the bought back shares.
MStar Semiconductor sets indicative range for Taiwan IPO Dec. 16, 2010 (China Knowledge) - MStar Semiconductor Inc, one of the world's leading supplier of controller chips for liquefied crystal display monitors, has set the indicative price range from its planned initial public offering in
Taiwan
at NT$250 to NT$310 per share, sources reported.
According to the report, the company is scheduled to set the IPO price tomorrow and list on the Taiwan Stock Exchange on Dec. 24.
MStar Semiconductor plans to issue 32.2 million new shares to raise as much as NT$9.98 billion.
The IPO size is expected to exceed TPK Holding Co's US$200-million IPO, thus to become the largest one in Taiwan this year, sources reported.
MStar Semiconductor has hired Goldman Sachs Group, Fubon Securities and Capital Securities as underwriters for the offering.
Founded in 2002, MStar Semiconductor's products include WiFi, fingerprint, GPS to mobile phone-based chips, according to the firm's website. Its major rivals include Broadcom Co, STMicroelectronics N.V. and MediaTek Inc.
Dec. 17 (Bloomberg) -- MStar Semiconductor Inc., a Taiwanese chip designer, raised NT$8.4 billion ($282 million) in the island’s biggest initial public offering this year.
MStar sold 28 million new shares at NT$300 each, according to a statement filed with the stock exchange. The Hsinchu, Taiwan-based company offered the stock to investors at between NT$250 and NT$310 a share.
