DOSM: Malaysia’s wholesale, retail trade record highest monthly sales value at RM120.5b in December 2021
MIDF Research sees retail trade up 5.5% in 2022
Will it showed that the Q4 2021 Finacial Report of Senheng to be good?
I am surprised that the Mr. Lim Kim Heng and Mr. Lim Kim Chieng kept acquired the share from market. Anyway, it is a good sign as during the IPO period, some of the directors sold their own share units to someone with price lower than IPO price. Now, with the purchase of their share units from market price of RM0.845, it is at least a good sign. HOPEFULLY, I AM RIGHT.
Mr. LIM KIM HENG (Non-Independent Executive Chairman), Mr. LIM KIM CHIENG (President / Non-Independent Executive Director),Mr. LIM KIM YEW (Non-Independent Non-Executive Director) have acquired the ordinary share again from open market on 9 February 2021.
Senheng buying the stocks alone is not enough to sustain a high price or make it grow higher. Need retail investors (us), institutions like EPF, foreign investors to make it go up. Don’t just simply read news syok see those directors buy u also buy.. later stock price drop u will ikut buta2 lose money also.
Senheng holds upper hand being the market leader. The closest competitors sales is 50% lower than Senheng which is huge advantage to Senheng. Yes the market is saturated with many platforms to buy E&E but remember, physical presence is extremely important given the human psychology in buying new items especially electrical and electronics. Having different different type of stores for different customers base and giving the buyers that experience is very important and Senheng is just doing that. The onus is now on Senheng to transfer that to sales which is the main reason for its expansion.
The market is factoring in a lot of data given the high PE at the launch of IPO. The margin on each product as stated in prospectus is good given the market they are operating which is similar for all. However, containing costs is within the strength of Senheng and if they just do that, it can additionally complement to their profits. The good news is that the price is stabilizing and against many pessimist who are still around. Q4 and Q1 should be a better quarter traditionally, given many promotions and festive period sales for Senheng. Therefore, QoQ should better from now and I see Senheng crawling back to 1.07 in the next 2 months. Good Luck.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Carlo Rino Group Berhad, a leading fashion retailer of women’s handbags, footwear, and accessories, aims to list on the ACE Market!
MQ Trader 220 views | 23 h ago
0:17
New IPO: A homegrown air fragrance company, Vanzo Holdings Berhad aims to list on the Ace Market!
MQ Trader 324 views | 1 d ago
0:17
New IPO: Winstar Capital Berhad, a specialist in the extrusion of aluminium profiles and fabrication of aluminium ladders aims to list on the ACE Market!
MQ Trader 497 views | 3 d ago
0:17
New IPO: Topvision Eye Specialist Berhad, specializing in medical eye care services aims to list on the ACE Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Godofgambler
5,307 posts
Posted by Godofgambler > 2022-02-07 14:58 | Report Abuse
You must be lunatic?