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Senheng New Retail Berhad (5305), Main Market
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bluemountains
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Jan 8 2022, 10:51 PM
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Getting Started

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QUOTE(KING ANGPOW$ @ Jan 8 2022, 02:32 PM) hmmmm recalled back of Mr DIY IPO of RM 1.60.... Recall that detractors have questioned MR DIY’s prospects. Affin Hwang Capital had earlier issued a sell call on MR DIY with a target price of RM1.21  per share, below the company’s IPO price of RM1.60 a piece. ## ...BUT see.. Mr DIY hit record high RM 4.38 BEWARE SENHENG to be another MR DIY  Harvey Norman Australia (HVN) @ A$ 4.90 is currently trading at a PER of 7.26X on the ASX. Senheng @ IPO price of RM 1.07 is priced at a PER of 28.91X.
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bluemountains
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Jan 12 2022, 08:55 PM
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Getting Started

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QUOTE(pileepalah @ Jan 12 2022, 08:08 PM) wah very very scary, could be list below ipo price 50,316,200 or 26.9% of the shares reserved for MITI was not taken up. Hope there is no avalanche on 25/1/2022.
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bluemountains
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Jan 26 2022, 01:19 PM
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Getting Started

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QUOTE(Davidtcf @ Jan 26 2022, 11:46 AM) then why so many ppl interested in the IPO? Only to sell on day one with losses. If after many days or months see stock price go down understood la. This one day 1 already do this. Might as well don't register for the IPO to begin with. There is no benefit for such buyers. right now see it stable at 0.88 I'm happy.. hope dont go any lower after this. Hold for sometime see how it goes.
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bluemountains
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Jan 26 2022, 01:27 PM
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Getting Started

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QUOTE(bluemountains @ Jan 26 2022, 01:19 PM) Many people expected Senheng to perform like DIY; but unfortunately that did not happened. Senheng should be compared with Harvey Norman (HVN) which is listed on the Australian Stock Exchange (ASX). HVN is currently at $ 4.75 with a PER of 7.04X. Senheng at RM 0.88 has a PER of 23.78X. Is Senheng overpriced OR is HVN underpriced?
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