Posted by Smallretailer > 2020-10-23 18:18 | Report Abuse

Cant believe bursa allowed them for listing at this time. Really not strategic this monday as people will just race to exit

Posted by Sslee > 2020-10-23 19:01 | Report Abuse

Haha can't believe Mr. Philip actually subscribe 160,000 MRDIY IPO wink wink.

Posted by DickyMe > 2020-10-23 19:09 | Report Abuse

Mr. D.I.Y sells junk!

Posted by Jeffreyteck > 2020-10-23 20:49 | Report Abuse

Count down.... MT 0.80. ST trading play, good luck.
Analysts talk growth... ie number of branches instead of sales and profit, trying to mislead? Personally don't really feel the crowd, may be certain branches. Hopefully I am wrong so more people are richer to fuel economy if price surge above offer price.

Posted by yongjun > 2020-10-23 20:55 | Report Abuse

anyone received their shares allotment yet?

Posted by AnndyYSYong > 2020-10-24 10:07 | Report Abuse

I not yet . How we know ?!

Posted by Diamond7 > 2020-10-24 10:58 | Report Abuse

I have not received yet!
Wondering if I m successful in my application!

Posted by John Roll The Dice > 2020-10-24 11:06 | Report Abuse

@Diamond7; @AnndyYSYong; You can check on this link.
https://tiih.com.my/index.php?p=results

Posted by John Roll The Dice > 2020-10-24 11:07 | Report Abuse

Balloting result for MR D.I.Y. GROUP (M) BERHAD will be available by 25 Oct 2020

Posted by AnndyYSYong > 2020-10-24 11:50 | Report Abuse

@John Roll The Dice , thanks

Posted by dawchok > 2020-10-24 12:14 | Report Abuse

Many people said that PE 31 is very expensive. I have a different view. If we exclude the super abnormal MCO qtr Apr-Jun 2020 from the calculation, annualize the pre MCO 9 months, Jul 2019 to Mar 2020, eps would be much higher and PE is much lower. Almost all biz especially retail biz as DIY was very hardly hit by MCO qtr, including this abnormal MCO qtr into picture has distorted the true earning of DIY. What do you think ?

Posted by Foker > 2020-10-24 13:50 | Report Abuse

Dawchok you are wrong. The PE is based on 2019 figures. Which is very high. I calculated the value of the company using dcf, the best case scenario this company is only worth RM 5 billion. That is if it can maintain its moat for the next 20 years. It is severely overvalued. Most of the time, people invest in the short term. So the dcf model will not apply. The short term may even see the stock following below RM 0. 80. But if you are long term investor, locking in at 0.80 will give you an average return of 8% for the next 20 years, best case scenario

Posted by Foker > 2020-10-24 13:52 | Report Abuse

I wouldn't lock in at 0.80, I like to give myself a margin of safety. Judging by the poor prospects, weak Financials and declining business of Mr DIY, I will enter for a long long term at 0.6, to ensure my minimum 8% return is met. Otherwise, I cannot accept a company with so much risk.

Posted by Foker > 2020-10-24 13:57 | Report Abuse

If you notice, companies like parkson, aeon had a huge advantage over their competitors in their prime time. Didn't take more than 3 to 5 years for it to dissappear completely. Mr DIY do not have a more durable competitive advantage than aeon or parkson. What is worse with Mr DIY is that it is listed pass its prime, the decline is much nearer now. When you bought aeon in the ipo, the company was a small grower and growing till maturity and decline. Mr DIY on the other hand is listed at maturity. There is zero upside to this company. It will get very bad.

Posted by Foker > 2020-10-24 14:00 | Report Abuse

I m not comparing aeon to Mr DIY. They are both in different industries. But I m comparing the competitive advantages over their respective competitors, which are customer reach, distribution network efficiency, product mix renewal efficiency, usp etc.

Posted by Foker > 2020-10-24 14:02 | Report Abuse

Whenever you get tempted by the huge success of Mr DIY, remind youraelf this:

"It is always brightest before dusk."

Posted by fl888 > 2020-10-24 14:21 | Report Abuse

DIY will crash Monday if Emergency declared....

Posted by gemfinder > 2020-10-24 14:23 | Report Abuse

Thosed kena tis ipo must hv sleepless night.. kikili

Posted by Foker > 2020-10-24 14:49 | Report Abuse

They have many days to a week to accept a 30 to 50% loss. They can sleep well.

Posted by Foker > 2020-10-24 15:04 |

Post removed.Why?

Posted by Diamond7 > 2020-10-24 15:25 | Report Abuse

@John Roll The Dice
Thank you!

Posted by jolow > 2020-10-24 15:26 | Report Abuse

monday D.I.E

Posted by jolow > 2020-10-24 15:27 | Report Abuse

Mr D.I.E

Posted by Foker > 2020-10-24 15:43 | Report Abuse

Mr Did It Enough

Posted by Foker > 2020-10-24 15:45 | Report Abuse

Wow i3 lurker is right. Looks like Mr DIY gonna close down. RM 0.1 also don't dare hold.

Posted by AnndyYSYong > 2020-10-24 16:41 | Report Abuse

After Checking , I no application reject due to key in wrong CDS account .

Posted by Hl123456 > 2020-10-24 16:49 | Report Abuse

MR DIY Group: Robust growth on highly cash-generative business model

https://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13832-m...

UOB Kay Hian analyst that the market leadership of Mr DIY is very attractive and justifies the IPO price

Posted by birkincollector > 2020-10-24 16:50 | Report Abuse

happy owners cashed out

Posted by Jeffreyteck > 2020-10-24 17:44 | Report Abuse

670 branches in Malaysia, 4 in Brunei. Plan to open another 307 branches by 2021. Things selling cheap means margin is lower unless poor quality products. Happiest stakeholders are offerers (cash out 1.5 b), lenders, shoplots owners, renovation contractors, .....
If there are many foreign workers, can't run away labor issues.
ST trading since IBs selling high. MT=0.80 amid low dividend if it behave like many other IPO counters.

Posted by OKU_2020 > 2020-10-24 22:31 | Report Abuse

UOBKAYHIAN.......TP RM 2.20

MR DIY Group (MRDIY MK)
Shopping For A Great Bargain

MRDIY, Malaysia’s most established home improvement retailer offers a compelling 4-
year earnings (2017-21F) CAGR of 20.6%, which is unrivalled in the region (peers’
average: 8.1%). Robust organic growth of 8.9% is further supplemented by new store
rollouts and expansion into new retail formats. Ultimately, it has a sterling track record,
execution ability and a highly cash-generative business model. Initiate coverage with

BUY and target price of RM2.20.

• The go-to home improvement retailer for the masses. MR DIY Group (MRDIY) is
synonymous with Malaysian households for its quality home improvement products at
affordable prices. Frost & Sullivan’s price benchmark study on a basket of goods found
MRDIY’s prices were on average 21% cheaper than its physical-store competitors. Our ecommerce study found MRDIY’s basket of goods to be 20% cheaper. MRDIY’s attractive
value proposition combined with its convenient locations and large offerings at an average of
16,600 SKUs per store entrench it as the go-to one-stop shop for home improvement
products.
• Undisputable market leader in a growing and resilient segment of the retail sector in
Malaysia. MRDIY holds a 30% market share in home improvement spending in Malaysia. It
could gain further market share via its aggressive expansion in a highly fragmented industry.
Meanwhile, natural organic growth as forecasted by Frost & Sullivan is attractive at 8.9%
(2019-24F). Establishing new concept stores within the toy and dollar store concept will
provide additional impetus for growth. Outperforming East Malaysia MRDIY stores suggests
ample room for growth beyond urban cities.
• Compelling cash generation derived from impressive revenue growth, high
profitability and brief payback. We expect MRDIY’s free cash flow (FCF) to grow at a 5-
year CAGR (2017-22F) of 38.2%. This is supported by a trifecta of factors: a) store
expansion and robust same-store sales (SSS) growth; b) high operational profitability
(EBITDA margins of 26-30% in 2017-22); and c) instant brand recognition, need-based
demand and an impressive operating cost structure that significantly reduce store payback
period to two years from the usual three years.
• Negative perception carves out opportune window. There could be an opportune buying
window, given the uninformed and negative perception among retailers, which was
perpetuated by a media report. But we expect upcoming quarterly results to dispel the
perception of declining prospects (eg SSS growth).

Click here for Blue Top dated 21 Oct 20. MRDIY’s IPO listing is on 26 Oct 20

Posted by Legend > 2020-10-24 22:31 | Report Abuse

Sell!!!

Posted by calvintaneng > 2020-10-24 22:47 | Report Abuse

DON'T CHASE D.I.Y TOO HIGH

IB BANKS WILL BE IN CAHOOT TO PUSH DIY

DO IT YOURSELF

OK BELOW RM1.00

CHASED TO HIGH LATER

DUMBO INSIDE YOURSELF (STUCK AT HIGH HIGH PRICE)

SEE https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-10-24-story-h1535448092-_THE_GREATER_FOOL_THEORY_By_Dr_Neoh_Soon_Kean_Excerpts_from_STOCK_MARKE.jsp

Posted by jimwong > 2020-10-24 22:49 | Report Abuse

Question, my maybank showing success application with the full success amount, but tricor showed Application Rejected due to wrong CDS. Will Tricor refund it to my Maybank account?

Posted by Howard38 > 2020-10-24 23:22 | Report Abuse

no need to guess, Monday will know...

Posted by sohailar > 2020-10-24 23:44 | Report Abuse

jimwong Question, my maybank showing success application with the full success amount, but tricor showed Application Rejected due to wrong CDS. Will Tricor refund it to my Maybank account?
-----------------------------------------------------------------------------------------------------------------------------------
i had the same issue too...

Posted by Stocks888 > 2020-10-25 01:51 | Report Abuse

Many sozai here.

Posted by hotmission > 2020-10-25 01:54 | Report Abuse

limit up

Posted by Diamond7 > 2020-10-25 08:42 | Report Abuse

VALUATION/RECOMMENDATION
• Initiate coverage with BUY and target price of RM2.20, based on 31.0x 2021F PE. Its regional ASEAN peers are trading at an average of 26.6x 2021F PE, but we opine that MRDIY well deserves a 15% premium to peers due to:

a) its significantly superior 4-year net profit CAGR (2017-21F) of 20.6% (peers: 8.1%);

b) its established track record and it being the largest home improvement retailer in Malaysia; and

c) home improvement spending in Malaysia is among the highest in the ASEAN region.

Our blue-sky valuations suggest a target price of RM2.50.

Posted by gorengking > 2020-10-25 09:34 | Report Abuse

Tomorrow limit down. It barely pass oversubscription

Posted by jolow > 2020-10-25 10:13 | Report Abuse

diy boring company. all the stuff can buy in padar malam. therefore Mon become Mr DIE

Posted by Dave92 > 2020-10-25 10:29 | Report Abuse

Sohai will buy only.
Sohai counter.

Posted by apolloang > 2020-10-25 10:29 | Report Abuse

same like lctitan tactic? mr diy open at 1.61 then down to 1.48 before closing at 1.50

Posted by Icon8888. > 2020-10-25 10:31 | Report Abuse

1.30 perhaps

Posted by Jeffreyteck > 2020-10-25 10:33 | Report Abuse

Another successful exit plan. MT=0.80.

Posted by OKU_2020 > 2020-10-25 11:29 | Report Abuse

UOB Kay Hian analyst Philip Wong, who is initiating a “buy” call with a target price of RM2.20, said MR DIY has a superior earnings growth outlook.

Posted by Stocks888 > 2020-10-25 11:46 | Report Abuse

To those who not successful apply MR.DIY shareholders , please keep your mouth shut! Don’t barking at here. Limit down or limit up is all shareholders money. Don’t be sohai here or stupid person here. Please sincerely to invest if u see this stocks no good can go out ! We invest not see short term, but is long terms. I have apply KLCCP in 2013 years . That years, many people also says that not good company or what. But for now, 2020 . 7.74. My cost 1.63. Be a smart investor, don’t be a sohai at here barking! Thank you !

Posted by castello87 > 2020-10-25 11:50 | Report Abuse

May i know if i already can check the MR DIY IPO's balloting status in Tricors website? i did check just now but the message appears to be "No result found for the identity number entered"

Posted by Stocks888 > 2020-10-25 11:56 | Report Abuse

I can say that Mr. DIY is a good company. Their company growth become strong. Please think , when we run a new businesses from now, can we earn more money ? Is your business run smoothly at this time ? Confirm not also right! So all the big company also not get good results! Mr.DIY yes is very high price RM1.60, but we need to see long run. Please think Mr.DIY at Malaysia have how many shop ? Mr.DIY all at low prices. You think about yourself, If you are a buyer, you want buy lower prices or high prices products? For me TP for Mr.DIY 2-3 years will go RM 3.00 and above. For those who not believe MR.DIY and not a shareholder, I sincerely call u all don’t barking at here . At glove counter, TOP GLOVE also have many people said RM 4 is coming or RM 5 is coming.... Please see for now. Be a smart investor. Think about the company future background. Last, MR.DIY is a GOOD company that can I said.

Disclaimer: Not buy sell call. Thank You.

Posted by apolloang > 2020-10-25 12:11 | Report Abuse

astro is also a good stock and look what happen....hahaha

Posted by Jeffreyteck > 2020-10-25 12:19 | Report Abuse

Tomorrow... Up then down. Chief traders will decide.
Gradually like ewint etc, MT halved...0.80.
For LT, next 20 years is unlikely to receive dividend more than $800, ie annual dividend of 4 sen consistently.