DJ MARKET TALK: Texchem-Pack At Premium In Grey Mkt - Trader

1139 [Dow Jones] Texchem-Pack (AI1.SG), which due to start trading in Singapore
tomorrow, changing hands at 2-2.5 cents/share premium to S$0.40 issue price, according
to local trader. Plastic packaging specialist issuing 29.9 million new shares, and
hopes to raise S$9.5 million from IPO. Netresearch Asia recommends subscribing to IPO,
and projects fair value of 55 cents. Yesterday, parent company Texchem Resources
(8702.KU) posted 16% on-year rise in 3Q06 net profit to MYR4.62 million.(JEM)

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