dropped to 0.86 liao.. more coming.

yes see their net profit for 2021. High revenue but cost of doing biz is high also:



and like others say here, they not alone in market selling electrical appliances, so many other Sdn. Bhd companies like HLK, Harvey Norman etc.

https://www.investopedia.com/terms/u/underpricing.asp





^they should price their IPO correctly or underprice, rather than overpricing. Those kena burnt already likely won't buy their stocks in the future or have a bad perception towards their company.

yeah could fall down to around there.. thats why just now I fast2 sell after watched that youtube taikor talk about Senheng

https://youtu.be/OMxxjBE8rFA?t=1000

This post has been edited by Davidtcf: Jan 28 2022, 04:07 PM

Ok la what he said true what use chart analysis and saying IPO best play short term. If price drop better to sell unless if it breakthrough its support level..

He himself also investor/trader lai de if check his other videos. If ppl advise make sense then I will accept lor.

If Senheng has good biz model, unique product or service then can consider to hold. What they selling also nothing unique. Profit margin also razor thin.

Somemore price IPO so high. Fail la whoever advise them to set such a high price. Didnt think about impact of doing this?

This post has been edited by Davidtcf: Jan 28 2022, 05:12 PM

Mr DIY could be bubble waiting to happen. At least their biz more unique. We dont see them having a strong competitor opening up so many branches like them.

Go in can buy so many cheap stuffs, some Mr DIY own brand. Profit margin sure higher also.

Then Mr DIY PE ratio is at 50+. Senheng is at 120+. So you can see which is more overpriced.

This post has been edited by Davidtcf: Jan 28 2022, 05:21 PM

Mr DIY opened its first store in Spain. Asean market already opened many stores. Senheng can't do similar:

https://www.diyinternational.com/home/news/...-spain-opening/

Earlier Turkey:

https://www.therakyatpost.com/news/malaysia...tore-in-europe/

This post has been edited by Davidtcf: Jan 28 2022, 07:24 PM

I sold mine already at 0.88. I think many here have sold them too to stop loss.

I only bought 2000 stocks so losses not that big. Cant imagine what others would go through if they bought a lot more.

It's really dumb of them to aim for short term insta profit. I bet many of their investors who got burnt is gonna boycott them for life after this. Some might even barged into their shop and give them a good scolding.

Hope in future no other malaysia companies overpriced their IPO. Bursa could have prevented this from happening also by placing some regulations. Pricing cannot above X% of fair price of stock for example. Based on the account books of the company currently.

saw it at Mplus broker.. maybe not accurate for that.

still many say it's overpriced. Can check here too for their analysis:

https://simplywall.st/stocks/my/retail/klse...l-berhad-shares

Someone wrote this great article about Senheng IPO. A good read:

https://klse.i3investor.com/m/blog/philip2/...Senheng_IPO.jsp

Senheng's stock price today. To remind myself of the painful lesson:

IPO price: 1.07
Today's price: 0.42



Do deep research before buying any IPO.
Do not follow the hype just because of branding.

This post has been edited by Davidtcf: May 17 2023, 04:45 PM