Posted by imvu > 2022-08-04 13:13 | Report Abuse

ACE Market : SNS NETWORK TECHNOLOGY BERHAD

Offer Period : 27 Jul 2022 (Opening) - 18 Aug 2022 (Closing)

ISSUE PRICE (Per Ordinary Share) : RM0.25

NO OF SHARES :
Public Issue : 362,875,500
Offer For Sale : 48,383,400
Private Placement : 233,853,100

ISSUING HOUSE :
Malaysian Issuing House Sdn Bhd
MIH SHARE ISSUE ACCOUNT NUMBER 615

DATE OF LISTING : 02 Sep 2022

Posted by BE_GREEEEEDY > 2022-08-27 19:49 | Report Abuse

The EDGE
27 August 2022. Saturday
▼
Highlight
Four companies win govt contracts worth RM335 mil to supply tablets to B40 students in Peninsular Malaysia
Incorporated on April 21, 2000, SNS Network, which is headquartered in Ipoh, Perak, bagged the biggest tender amounting to RM99.76 million and will handle the supply for the northern zone, comprising Perak, Perlis, Kedah and Penang. The company is wholly owned by ACE Market-bound SNS Network Technology Bhd, which is slated to make its market debut on Sept 2.

KUALA LUMPUR (Aug 25): Four companies have won contracts worth RM335.22 million in total from the federal government to supply tablets for students from B40 households under the PerantiSiswa Keluarga Malaysia initiative.

According to the Ministry of Finance (MoF)’s government procurement information centre, MyProcurement, Synerlitz (Malaysia) Sdn Bhd, Etika Info Sdn Bhd, SNS Network (M) Sdn Bhd and Uptrend Technology Sdn Bhd were chosen as winners, based on its tender decision update dated Aug 3.

Posted by Yu_and_Mee > 2022-08-30 08:25 | Report Abuse

Supply tablet is one time deal only. The most unlike is the total outstanding shares too much, fully or over dilute the EPS.

Posted by Yu_and_Mee > 2022-08-30 08:30 | Report Abuse

Profit margin only 3%. So much weaker than peer.
Total outstanding shares around 1.2B. I anticipate this stock will be at least penny stock for 2 years. Just my view.

Posted by Francisco García Paramés > 2022-08-30 11:34 | Report Abuse

KUALA LUMPUR (Aug 17): PublicInvest Research has valued SNS Network Technology Bhd at 33 sen, and said over the years, SNS had continued to expand its presence by setting up other brand specialty stores.

This includes Acer, AMD, Asus, Dell, HP, Huawei, Lenovo, Mi, MSI and Omen, following the launch of its first Apple Store, branded under the brand name “iTworld” in Ipoh.

In an initial public offering (IPO) note on Wednesday (Aug 17), the research house said SNS had a wide market coverage, as its information and communications technology (ICT) product and service offerings are sold to customers through its physical store channel and online store channel, in addition to customers via its commercial channel.

“We derive a fair value of 33 sen based on about 13 times price-earnings multiple to its FY24 (financial year ending Jan 31, 2024) earnings per share of 2.5 sen.

“The IPO is expected to raise approximately RM90.7 million, from the issuance of 362.9 million new shares.

“Besides utilising 36.9% of the proceeds as capital expenditure, 19.8% of the proceeds will be allocated for the construction of a regional hub, and 14.5% as general working capital,” it said.

PublicInvest said SNS’s growth will be dependent on: i) the expansion of its retail operations; ii) setup of its regional hub; and iii) expansion of its device-as-a-service subscription-based service.

“Key drivers may include: i) the replacement cycle following wide usage of ICT products; ii) continuous technological advancement in rolling out new ICT products; iii) government initiatives for the digital transformation; and iv) incorporation of ICT to digitalise education,” it said.

Posted by kl_guy > 2022-08-30 11:39 | Report Abuse

if listing on the day nasdaq on downtrend ....all the way down. For me better wait and see, better than putting in money now. US going to raise rate for sure ....question is 0.75% or less ?

Posted by Francisco García Paramés > 2022-08-30 16:06 | Report Abuse

Keep all the negative view to yourself ..

Posted by henry888 > 2022-08-31 06:36 | Report Abuse

Best all with negative views got chance to collect and wait for push when time comes. Don't too optimistic to let opening too high and high risk to enter loh, no kangtao loh...

Posted by BE_GREEEEEDY > 2022-08-31 18:48 | Report Abuse

Those frustrated and got mad after missing the boat of TECH IPO RALLY OF SFP , AGMO.....come THIS FRIDAY another chance to RIDE with TECH IPO " SNS " ....just got confidence from the government ...by winning the biggest tender of 100 millions supplying tablets to school / Univ.....
Huatt Chaiii...$$$$$

Posted by Nesa123 > 2022-08-31 21:21 | Report Abuse

Goreng tetap Goreng

Posted by VaWealth > 2022-09-01 08:42 | Report Abuse

Some good new about SNS successfully bit government contracts in this moody market. Let's see Friday opening price! ^_^
https://www.theedgemarkets.com/article/four-companies-win-govt-contracts-worth-rm335-mil-supply-tablets-b40-students-peninsular

Posted by BursaWei > 2022-09-01 19:41 | Report Abuse

Beware of SNS
- 1.6billions shares which is a heavy issued stocks
- latest result reported 0.5cents earning per share x 4 quarters. with the listing PE 11 given, the valuation drops to RM0.22 from the IPO price RM0.25
- peers like VSTECS which stay valuation of below PE10 for so many years because due to its extremely low profit margin which happen to see in this company too. It might not attract too many investors interest.

- just my 2cents opinion, welcome everyone to share their opinions.

Posted by Win1388 > 2022-09-01 22:11 | Report Abuse

https://youtu.be/8HQYWSp8tFU

Posted by BE_GREEEEEDY > 2022-09-02 07:23 | Report Abuse

The four companies will distribute the tablets according to four different geographical zones in Peninsular Malaysia.

Incorporated on April 21, 2000, SNS Network, which is headquartered in Ipoh, Perak, bagged the biggest tender amounting to RM99.76 million and will handle the supply for the northern zone, comprising Perak, Perlis, Kedah and Penang. The company is wholly owned by ACE Market-bound SNS Network Technology Bhd, which is slated to make its market debut on Sept 2.
------
SNS is the Champion among the 4 companies- Biggest winners almost RM 100 Million
got trusted from the government
BTW TECH RALLY is Intact & ON going in Bursa
AGMO Tech IPO still hot n solid around 90 sen
SFP tech ipo now remained intact @ around RM 1.20

Posted by BE_GREEEEEDY > 2022-09-02 07:30 | Report Abuse

English Translation >>
HOT & EXPLOSIVE SNS " Huatt Chaiiii $$$$$$$ "

The outbreak of the new crown virus in 2019 has promoted the pace of digitalization in the world. Almosteveryone must have an electronic device such as a Smartphone, Ipad, Laptop, etc. in order to work from home. But many times the company's software (File Server, Accounting system, etc.) is only installed on the company's computer, and the employee's own electronic device cannot log in! This has also affected the operations of many companies, causing great distress. Of course, the market will soon have a service to meet the needs of the market, that is DaaS (Desktop as a service)!

Posted by majidbai > 2022-09-02 07:56 | Report Abuse

Be Greedy..... why SNS did not make announcement when they bagged the tender of RM99.76M ? which is 40% of this quarter sale.

Posted by BE_GREEEEEDY > 2022-09-02 08:31 | Report Abuse

ATTACCKKKKKKKKKKKKKKKKKKKKKKKK.....
RM 1.00 ?...
Huat Chaiiiii $$$$$$$

Posted by imvu > 2022-09-02 08:45 | Report Abuse

gap up limit up !

Posted by kk7198 > 2022-09-02 08:47 | Report Abuse

Agmo 2.

Posted by Nesa123 > 2022-09-02 09:07 | Report Abuse

BUY now = IPO

Posted by EatCoconutCanWin > 2022-09-02 09:13 | Report Abuse

Hold

Posted by OKU_2020 > 2022-09-02 09:21 | Report Abuse

VRROOOOOOOOOOOOOOOOOOOM
RUNNNNNNNN for our live
Azab....

Posted by Hwai Hooi > 2022-09-02 09:21 | Report Abuse

no power push?

Posted by OKU_2020 > 2022-09-02 09:25 | Report Abuse

like senheng selling computer
over big IPO...can't support
15 sen ?

Posted by Tarita > 2022-09-02 09:30 | Report Abuse

hhahahaahhahahahaaaaahahahahahahahahahahahahahahahahhahahah

Posted by bjgdila123 > 2022-09-02 09:55 | Report Abuse

ha no of share 1 biillion

Posted by OKU_2020 > 2022-09-02 10:10 | Report Abuse

SNS is Just another SenHeng selling PC, printer, computer table n what not... Many have been tricked liao

Posted by Michael Kwok > 2022-09-02 10:21 | Report Abuse

Sns nosh 1.2 billion.downgrade to below 20 cents
Price 24.5 cents
2/9/2022 10.21am

Posted by Tarita > 2022-09-02 10:56 | Report Abuse

canot A money from market... BOSS is mad now

Posted by OKU_2020 > 2022-09-02 10:57 | Report Abuse

SNS >> A new Senheng...koyakk

Posted by OKU_2020 > 2022-09-02 11:21 | Report Abuse

MITI Addicts KENA PREQQ liao... 20 sen closing

Posted by Hwai Hooi > 2022-09-02 11:23 | Report Abuse

gg

Posted by EatCoconutCanWin > 2022-09-02 11:24 | Report Abuse

Dam it

Posted by Goldberg > 2022-09-02 11:27 | Report Abuse

PublicInvest Research has valued SNS Network Technology Bhd at 33 sen, and said over the years, SNS had continued to expand its presence by setting up other brand specialty stores.

This includes Acer, AMD, Asus, Dell, HP, Huawei, Lenovo, Mi, MSI and Omen, following the launch of its first Apple Store, branded under the brand name “iTworld” in Ipoh.

In an initial public offering (IPO) note on Wednesday (Aug 17), the research house said SNS had a wide market coverage, as its information and communications technology (ICT) product and service offerings are sold to customers through its physical store channel and online store channel, in addition to customers via its commercial channel.

“We derive a fair value of 33 sen based on about 13 times price-earnings multiple to its FY24 (financial year ending Jan 31, 2024) earnings per share of 2.5 sen.

“The IPO is expected to raise approximately RM90.7 million, from the issuance of 362.9 million new shares.

“Besides utilising 36.9% of the proceeds as capital expenditure, 19.8% of the proceeds will be allocated for the construction of a regional hub, and 14.5% as general working capital,” it said.

PublicInvest said SNS’s growth will be dependent on: i) the expansion of its retail operations; ii) setup of its regional hub; and iii) expansion of its device-as-a-service subscription-based service.

“Key drivers may include: i) the replacement cycle following wide usage of ICT products; ii) continuous technological advancement in rolling out new ICT products; iii) government initiatives for the digital transformation; and iv) incorporation of ICT to digitalise education,” it said.

Posted by OKU_2020 > 2022-09-02 12:03 | Report Abuse

Many KENA TIUU liao

Posted by cK1973 > 2022-09-02 13:12 | Report Abuse

Alamak IPO hari ni listing pun tak kasi untung ka….
Apa macam punya counter ni …
Baik jangan masuk ….
Tengok la coraza cnergen n etc , semua boleh jalan ma …

Posted by victor > 2022-09-02 15:05 | Report Abuse

buy now, cheaper than IPO xD

Posted by Tarita > 2022-09-02 15:15 | Report Abuse

up up

Posted by Tarita > 2022-09-02 15:27 | Report Abuse

UP!!!!!!!!!!!!!!!!!! CHINA GANG!!!!!!!

Posted by OKU_2020 > 2022-09-02 15:38 | Report Abuse

TRAP
better RUNNNNNNNNNNNN

Posted by powerup89 > 2022-09-02 15:38 | Report Abuse

Berat mcm unta...hahaha

Posted by underthebigtree > 2022-09-02 15:40 | Report Abuse

New share no resistance... Push push push.. Everybody in profit mode...

Posted by Amazing > 2022-09-02 15:45 | Report Abuse

i personally think this is a MUST keep counter....soon will have some good news ... i give myself 6 months .

Posted by Amazing > 2022-09-02 15:45 | Report Abuse

if goreng goreng.... later chop hand also no one will pity.....

Posted by OKU_2020 > 2022-09-02 15:47 | Report Abuse

this is a lembiq counter
wasting time on this ponda* ipo
even punting cheap warrant easily 50 % - 100 % popit

Posted by Apple2353 > 2022-09-02 16:02 | Report Abuse

fake q at 26 sen

Posted by Apple2353 > 2022-09-02 16:04 | Report Abuse

kaunter cap ayam

Posted by Apple2353 > 2022-09-02 16:13 | Report Abuse

kena IPO pun tak berapa untung. memang kaunter cap ayam

Posted by icecool > 2022-09-02 16:27 | Report Abuse

wait for retracement then go in better

Posted by Nesa123 > 2022-09-02 18:01 | Report Abuse

scare n scam netwoK.. wakakaka