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 Senheng New Retail Berhad (5305), Main Market

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SUSxander83
post Jul 9 2021, 05:02 AM

Blast off like a rocket
*******
Senior Member
6,427 posts

Joined: Jan 2003
From: Autobiography!!!
Sunset industry who on earth gonna buy 🤦‍♀️
SUSxander83
post Jul 10 2021, 03:31 AM

Blast off like a rocket
*******
Senior Member
6,427 posts

Joined: Jan 2003
From: Autobiography!!!
QUOTE(nexona88 @ Jul 9 2021, 10:22 AM)
They got online store too??
If u don't know about it 😁
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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 maker

Big 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 doh.gif
SUSxander83
post Feb 1 2022, 03:31 AM

Blast off like a rocket
*******
Senior Member
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.

I only bought 2000 stocks so losses not that big. Cant imagine what others would go through if they bought a lot more.
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History have shown that this share is to stay away since earlier flop and delisted

Business is not that great as what they project to th3 investors doh.gif
SUSxander83
post Feb 1 2022, 10:51 PM

Blast off like a rocket
*******
Senior Member
6,427 posts

Joined: Jan 2003
From: Autobiography!!!
QUOTE(sl3ge @ Feb 1 2022, 10:39 PM)
Senheng really list before?
Cant cant find the record
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Long time ago back in the mid 2000s
SUSxander83
post Feb 2 2022, 02:43 AM

Blast off like a rocket
*******
Senior Member
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.

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.
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No such thing for Bursa to prevent such thing as it free capital market otherwise who is gonna invest in Bursa doh.gif

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 doh.gif
SUSxander83
post Feb 4 2022, 02:26 AM

Blast off like a rocket
*******
Senior Member
6,427 posts

Joined: Jan 2003
From: Autobiography!!!
QUOTE(EvOliver @ Feb 3 2022, 01:18 AM)
So these many people who bought it have trust in SENHENG then?
So why do they trust SENHENG?
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Branding and euphoria doh.gif

 

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