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 Senheng New Retail Berhad (5305), Main Market

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EvOliver
post Jan 28 2022, 03:18 PM

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QUOTE(Boon3 @ Jan 28 2022, 11:49 AM)
Not as straight forward...

One of the son is buying, the other the wife is buying but the other son is selling...

And the thing for me is...

I will ask myself is following insider buying a good investing/trading strategy?

If one says is good then the opposite comes from the biggest insider buying of a local stock recently was Top Glove boss... That was multi million ringgit disaster. Those who followed died.

Yup.. again it's a flip of a coin.

Hence I for one would never be my own making of a water fish and buy a stock cos the boss is buying. As proven many, many times before insiders aren't any superinvestor...
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Can we say the price drops because of their own people come into the share market to influence to pull the price down?
EvOliver
post Jan 28 2022, 03:55 PM

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QUOTE(koja6049 @ Jan 28 2022, 03:50 PM)
i thought i was going to enter at 85cents.... luckily i didn't pull the trigger  sweat.gif
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Waiting for 0.7xx?
EvOliver
post Jan 28 2022, 04:07 PM

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QUOTE(Boon3 @ Jan 28 2022, 03:24 PM)
I wouldn't know but one thing I know in the stock market is, try to reason out by yourself, don't over complicate things by overthinking and mixing conspiracy theories.... esp those you hear from media/social media. It just doesn't help.

One thing I would ask, for a company like SenHeng, a retailer in the electronics market, where profit margins are super thin, I would ask where do I see SenHeng in 5 times. Do I envision the company making much more money? If I don't, then why would others get excited over the stock? wink.gif
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SENHENG/SENQ gains confidence level from traders due to its own well known name in the country. Their decision to enter share market is not simple too. Must watch how their finance manager takes care of their cash. Also what kind of care they have for share holders. They are new and we need to understand their business mindset after entering share market.
Share price depends largely on who the traders are in the trading field. So, still a valid concern to know who, which groups of traders, are trading SENHENG now.
EvOliver
post Jan 28 2022, 04:40 PM

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QUOTE(Boon3 @ Jan 28 2022, 04:22 PM)
Traders trade because of the reputation of the name?

Wow. First time hearing such stuff. Well, if you believe it so, so be it.  icon_rolleyes.gif
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Not so simple. Just a discussion. Don't underestimate that some really buy it just because of the brand name.
EvOliver
post Jan 28 2022, 05:09 PM

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QUOTE(Boon3 @ Jan 28 2022, 05:01 PM)
Okay let's focus on what you are saying....

Buy because of a brand name. Right?

What if with the help historical data, it can be proven that big brand name stocks can fail right from IPO.....

how then? would you still trade a stock just because of a brand name?

wink.gif
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I did NOT say "solely" buy because of brand name. It's just a component of consideration.
Every brand has its own characteristics and fortune. Is SENHENG a "big" brand name? I don't know how to classify "big" brand name here for SENHENG. You can share your thoughts.
How about MRDIY? Can compare?
EvOliver
post Jan 28 2022, 05:20 PM

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QUOTE(Davidtcf @ Jan 28 2022, 05:18 PM)
Mr DIY could be bubble waiting to happen also. 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.
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Good points. Agree.
EvOliver
post Jan 28 2022, 05:34 PM

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QUOTE(Boon3 @ Jan 28 2022, 05:24 PM)
Fact is big name ipos have failed b4.

Gotta ask you, were you an ipo investor for senheng?
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No, I missed SENHENG's IPO. Otherwise, I may be one of the disappointing IPO holders.
Are you?
EvOliver
post Jan 28 2022, 05:38 PM

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Continuous down turn.
Closed at 0.825 today.
user posted image
EvOliver
post Jan 30 2022, 02:07 PM

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I'm curious. Is everyone here already bought SENHENG share? Regardless of price.
EvOliver
post Feb 3 2022, 01:18 AM

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QUOTE(!@#$%^ @ Feb 1 2022, 11:51 PM)
but many ppl bought despite way above fair price
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So these many people who bought it have trust in SENHENG then?
So why do they trust SENHENG?

 

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