Wednesday, December 12, 2007

AEON Credit- A Rising Star

Yes, they were all waiting for the listing of Aeon Credit. According to OSK, it will open at RM10.00. Others were equally bullish saying RM5.00 is a steal.

Well, truth be told, it opened at RM3.06, slided to RM2.98 and then streamed across the pricecape to RM3.27 for a 74 sen gain.

Good start for this IPO, compared to those before it which sunk below IPO prices.

The successful applicants of Aeon must be laughing all the way to the bank!

Heartsong

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