Sunset industry who on earth gonna buy 🤦♀️
Senheng New Retail Berhad (5305), Main Market
Senheng New Retail Berhad (5305), Main Market
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Jul 9 2021, 05:02 AM
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#1
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Senior Member
6,427 posts Joined: Jan 2003 From: Autobiography!!! |
Sunset industry who on earth gonna buy 🤦♀️
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Jul 10 2021, 03:31 AM
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#2
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Senior Member
6,427 posts Joined: Jan 2003 From: Autobiography!!! |
QUOTE(nexona88 @ Jul 9 2021, 10:22 AM) Yes I know but they are selling old stuff while you buy cheaper, better and newer stuff from Taobao in terms of small appliances which are the money makerBig goods like washing machine, tv and fridges is so competitive that is now cheaper buying direct from the manufacturer itself If comparing by peers, I have bought Harvey Norman on ASX which pays better dividends than SenHeng More outlets doesn’t mean more sales you should deep dive their financials you will have seen how bad they are generating revenue |
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Feb 1 2022, 03:31 AM
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#3
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6,427 posts Joined: Jan 2003 From: Autobiography!!! |
QUOTE(Davidtcf @ Jan 31 2022, 11:09 PM) I sold mine already at 0.88. I think many here have sold them too to stop loss. History have shown that this share is to stay away since earlier flop and delistedI only bought 2000 stocks so losses not that big. Cant imagine what others would go through if they bought a lot more. Business is not that great as what they project to th3 investors |
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Feb 1 2022, 10:51 PM
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#4
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6,427 posts Joined: Jan 2003 From: Autobiography!!! |
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Feb 2 2022, 02:43 AM
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#5
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6,427 posts Joined: Jan 2003 From: Autobiography!!! |
QUOTE(Davidtcf @ Feb 1 2022, 11:38 PM) 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. No such thing for Bursa to prevent such thing as it free capital market otherwise who is gonna invest in Bursa 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. If you wanna blame, blame on the listing investment bank that’s they hired who super float the valuation above the fair value and those silly investors who buy on without doing proper due dillegence as they are just bl8nded and lack of knowledge Digifriend07 and Davidtcf liked this post
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Feb 4 2022, 02:26 AM
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#6
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