So many fund houses r holding the shares... dividend yield 4%++, just buy n keep for the medium or long term. Senheng tak pernah rugi. Ipo price pun RM1.07. Best buy kini
GLCs berminat untuk membeli stake yg lebih besar dalam senheng barangkali untuk menyeru senheng untuk membuat francais di kawasan luar bandar, dll... lagipun harga syer senheng dah menjunam macam ctos... amat berbaloi kini
This article first appeared in The Edge Malaysia Weekly on March 18, 2024 - March 24, 2024
FUND managers and analysts are hopeful that the lack of interest in retail counters will not continue past the middle of the year and that the influx of tourist arrivals, as well as the US Federal Reserve’s initiation of interest rate cuts in June as projected, will spark a revival of investor interest in the second half of the year.
Much like that of consumer food and beverage (F&B) stocks, the performance of most retail counters on Bursa Malaysia has been lacklustre in recent weeks, unlike the usual upbeat trend normally observed from the December holidays to after the Chinese New Year (CNY) and Hari Raya festivities.
The Bursa Malaysia Consumer Products and Services Index, which peaked at 581.2 points on Feb 27 after the Chinese New Year festive season, slipped 1.4% to the 572.65 level last Thursday.
Retail Group Malaysia (RGM), in its Malaysia Retail Industry Report March 2024 released last Monday, observed that the nation’s retail industry fell short of market expectations as it recorded a disappointing growth rate of -0.2% in retail sales compared with +13.7% in the previous corresponding quarter. It said the retail sector took a beating in the last quarter because consumers lost spending power as retail prices, mainly food prices, continued to rise.
“The shopping traffic for the last three months of the year was similar to the 2022 level. Malaysian consumers were still spending. However, the holiday sales were not the same as pre-Covid-19 levels due to the shortened school holiday. For 2023, the year-end school holiday was only two weeks,” RGM added.
RGM is projecting an average growth rate of 7.1% for the Malaysian retail industry in the first quarter of 2024, owing to the CNY festival as well as the month-long school holiday from February to March.
The retail group said the distribution of Sumbangan Tunai Rahmah (STR) Phase 1 to 8.2 million Malaysians in January also led to higher consumption. The government had raised the maximum payment for Phase 1 of STR to RM500 for households from RM300 the year before.
KUALA LUMPUR (March 26): Senheng New Retail Bhd’s wholly-owned unit Senheng Electric (KL) Sdn Bhd has announced a strategic collaboration with Huawei Technologies (Malaysia) Sdn Bhd and APulsar Technologies Sdn Bhd to boost electric vehicle (EV) adoption in Malaysia, leveraging Huawei’s advanced EV chargers.
Senheng New Retail president Lim Kim Chieng said the collaboration will establish a new benchmark for the country’s journey toward clean energy adoption, and will highlight the collective efforts across various sectors to achieve carbon neutrality.
Lim emphasised that offering these EV chargers is not just about selling a product, but promoting a lifestyle shift toward sustainability.
“This initiative perfectly aligns with our vision of a greener future for Malaysia and demonstrates our commitment to environmental goals,” he said in a statement.
Meanwhile, Huawei Technologies (Malaysia) vice president for digital power business Chong Chern Peng affirmed the company’s commitment to carbon neutrality through collaboration.
“By incorporating our EV charging solutions into Senheng’s offerings, customers will have greater access to this technology,” he added.
APulsar Technologies managing director Justin Kao pointed out that the collaboration will empower EV owners to access reliable charging solutions nationwide.
Huawei EV chargers were launched at the Senheng Setia Alam store in Selangor on March 22, and are now available at all Senheng and senQ outlets across Malaysia, except for Sabah and Sarawak.
this company lacks of fire power. too much of operating expenses of RM64m per month with highly paid Directors and management team. they are doing bad jobs since the IPO to grow the business
so easy to talk limit up, where is the limit up? too full of yourself, then go hide for a long time, recycle old news non stop. Cant be a bit relax, this is nowhere to start the uptrend yet, quarter result also keep on decreasing. It's a pity if we loss, but be cool...
It’s great to see fund managers actively engaging with the founder to explore opportunities for improving profitability and dividend payouts. With a current dividend yield of 4.14%, there seems to be potential for further optimization, especially if operational efficiencies are enhanced. Large institutional investors like CIMB Group and EPF hold significant stakes, reflecting confidence in the company’s stability. A focused strategy to drive sustainable growth could unlock more value for stakeholders. As for Sumbangan Tunai Rahmah (STR): https://semakanstrs.my/ , it serves as a vital aid for many Malaysians, providing financial relief to those in need. i collected information at Such initiatives complement broader economic growth strategies by supporting household spending, which in turn stimulates demand and benefits companies indirectly.
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Posted by Good123 > 2024-03-22 09:04 | Report Abuse
29sen cleared. Flying maybe