Sinaria- a food manufacturer & holdings company of Saudi, Deli-Deli burger, hot dog etc.
A newly listed company, just started their trading in securities since 12 Nov 2009.
but the price had dropped around 30% from the ipo price of RM0.56.
technical wise, the recovering trend seems to be started today.
a cash rich company after ipo, before cash and debt almost equal ratio.
had loaded some for my own, so what's your opinion?

today closing .415...
already rise for 2 days.
hopefully tomorrow can perform better

well, i feel that this company is totally different from MSPORTS.
MSPORTS is a company operate & based in China so basically you don't know what's is it all about, or even know who is their MD, and i don't they they even got a sales office in Malaysia because as a consumer, i did not see any shoes in market named multi-sport.
but SINARIA is a family business operating here in Malaysia -Sungai Petani, so it's easier to keep track compared to those fishy overseas counter.
i feel that the price will fall is due to lack of volume -- lack of interest from investor, so once the volume pick up, it shouldn't be a problem.
Nothing can goes wrong in a newly listed ipo company

their website is www.saudee.com because their product brand is Saudi..
i can't find their website at first too, but only managed to find the link at the cover page of their performa report of ipo in Bursa Malaysia..
any analyst here to share their opinion?
i feel that the upside is great since the ipo price is RM.56

haha...
i tried before, the taste not bad actually..
before invest in food industry counter, we should taste their food first..
before invest in hotel industry counter, we must first check in their hotel.
before invest in developing company, need to buy their house?!?!?

Monday is a crucial day for this counter.
seems that friday it hovering without a target.
so either shoot up or sink depends on its performance on Monday.
i already load some shares of this company