As we look towards 2024, Synergy House is poised to further solidify its position in the cross-border B2C e-commerce market, particularly in the United States and Europe. These regions, recognised for their advanced e-commerce infrastructure and tech-savvy consumer base, large population with higher purchasing power, present significant opportunities for growth. The successful IPO, which raised a substantial capital, positions us well to continue investing in our company’s success and expansion. With plans to introduce more B2C SKUs by the end of 2024 and to commence B2C sales in France, we’re targeting new platforms and diversifying our product range with the addition of kids’ furniture and bathroom vanity furniture amongst others. This strategic expansion, supported by the IPO funds, aims to meet the evolving demands of the global arket and enhance our competitive edge, ensuring sustained success in the dynamic e-commerce landscape.
Year | 2019 | 2020 | 2021 | 2022 | 2023 |
Revenue (RM'000) | 111,482 | 122,891 | 184,292 | 194,093 | 270,172 |
Net Profit (RM'000) | 10,895 | 12,107 | 14,387 | 16,624 | 27,148 |
Created by ChloeTai | Apr 29, 2024
RHB Research - Going All Out; Keep BUY. New Target Price RM1.61.
Created by ChloeTai | Apr 25, 2024
Rakuten Research - Raised Synergy House Target Price to RM1.50
Created by ChloeTai | Apr 24, 2024
Estimated Q1 FY2024 will increase by 3 folds YoY.
Created by ChloeTai | Apr 21, 2024
Synergy delivering remarkable QoQ growth since their IPO. The company registered PAT of RM2.62 million, RM6.19 million, RM8.07 million and RM10.27 million. Immediate TP is RM1.48.
Created by ChloeTai | Dec 29, 2023
Kenanga Research give KGB an OUTPERFORM status with a target price of RM3.28 due to its record profit and high demand for ultra-high purity gases .
Created by ChloeTai | May 03, 2018