Bang, diff industries. Also unfair to evaluate senheng based on its performance during the pandemic and even 2023-24, consumers are adjusting spending due to change of econ policies, etc. Fairer to invest for 3-5 years from now. Assess senheng's performance from 2025 to 2027 hehe

@aft7753

Unique listed on 05-08-2022 PE @ 15

20-02-2024 1 warrant for every 2 existing ordinary shares of Unique

0.5 cent dividend on 12-07-2023

0.6 cent dividend on 23-01-2024


Senheng listed on 25-01-2022 PE @ 17

1.3 cent dividend on 11-04-2022

0.5 cent dividend on 26-09-2022

0.7 cent dividend on 26-05-2023

?? cent dividend on 2024 ??? April ? Or May ?

6 hours ago

GRAB has acquired jaya grocer, maybe, at dirt cheap price now, GRAB might acquire senheng from the founder. GRAB & Senheng have synergy, grab has a digital bank to finance purchases and delivery / logistics means for all customers of senheng... wait n see.

Israel menyerang hamas Arab dengan bersungguh-sungguh, betapa hebat Dan kuat. Hehe

Devastation in Gaza as Israel wages war on Hamas
By Kathleen Magramo, Sophie Tanno, Adrienne Vogt, Leinz Vales, Aditi Sangal, Tori B. Powell and Elise Hammond, CNN
Updated 9:54 PM ET, Fri March 15, 2024

RSI(14) Neutral 35.6
Stochastic(14) Oversold 20.0
Average Volume (3M) 1,216,800
Relative Volume 3.0

29sen cleared, back to above 30sen next week. Be patient ya!

Don't think so. Rather use it to pay cash dividend as fund mgmt unit trusts companies are holding the shares. 1.5bil shares issued , enough for trading etc.

@aft7753

Very cheap price at 0.29 !

Can Senheng gives bonus issue with its available reserves ???

1 hour ago

Bagus, Arab countries took action against hamas terrorists hehe

Qatar emir proposed expelling Hamas officials in meet with Blinken days after Oct. 7
US diplomat told Thani that Doha should use its sway with terror group to free hostages in short term, but it wouldn’t be ‘business as usual’ for Hamas after war, officials tell ToI
By JACOB MAGID FOLLOW
14 Mar 2024, 3:02 pm

Yahudi the strongest & blessed hehe

Reports: Ministers told signs point to successful hit on Hamas number 3 Marwan Issa
Security cabinet informed evidence piling up that top commander is dead after Gaza strike, though terror group has yet to comment
By TOI STAFF
16 Mar 2024, 12:01 am

Dirt cheap price, maybe founder may take it private

Name: Kawan Food Berhad
Ticker: KAWAN
Exchange: KLSE
Founded: 1960
Industry: Packaged Foods and Meats
Sector: Food, Beverage & Tobacco
Market Cap: RM633.172m
Shares Outstanding: 349.82m
Website: https://www.kawanfood.com

Top 24 shareholders own 80.57% of the company
Ownership Name Shares Current Value Change % Portfolio %
36.1%
Gfg Foundation, Endowment Arm 126,257,402 RM228.5m 0% no data
17.7%
Nareshchandra Nagrecha 62,001,200 RM112.2m -13.9% no data
7.28%
Thiam Gan 25,472,799 RM46.1m 0% no data
5.56%
Public Mutual Bhd. 19,454,899 RM35.2m 0% 0.22%
2.9%
Hun Soon Lim 10,137,028 RM18.3m 32.7% no data
1.67%
Poh Ying Kong 5,834,100 RM10.6m 0% no data
1.35%
Kumpulan Wang Persaraan 4,707,933 RM8.5m 0% 0.02%
1.32%
Chung-Chen Wu 4,626,000 RM8.4m 0% no data
1.05%
Eastspring Investments (Singapore) Limited 3,667,400 RM6.6m 0% 0.01%
0.93%
UBS Asset Management AG 3,262,500 RM5.9m 0% no data
0.8%
Tsai-Tien Chen 2,792,466 RM5.1m 0% no data
0.74%
Peter Chiang 2,604,000 RM4.7m 0% no data
0.62%
Kamal Shah 2,168,382 RM3.9m 0% no data
0.6%
Maybank Asset Management Group Bhd. 2,112,600 RM3.8m 0% 0.63%
0.59%
Kah Yin Yoong 2,070,000 RM3.7m 0% no data
0.59%
Chia-Lung Wu 2,051,682 RM3.7m 0% no data
0.37%
PHEIM Asset Management Sdn Bhd 1,293,100 RM2.3m 0% 1.18%
0.15%
RHB Asset Management Sdn Bhd 516,100 RM934.1k 0% 0.07%
0.066%
BOS Wealth Management Malaysia Bhd. 230,700 RM417.6k 0% 0.26%
0.048%
SEI Investments Company 166,200 RM300.8k 0% no data
0.038%
Acadian Asset Management LLC 132,700 RM240.2k 0% no data
0.035%
Ka Gan 121,220 RM219.4k 0% no data
0.028%
Fidelity International Ltd 99,600 RM180.3k 0% no data
0.022%
Amanah Raya Investment Management Sdn Bhd 78,000 RM141.2k 0% 0.05%

Ownership Breakdown
General Public 19.4%
67,960,969 shares
Individual Insiders 34.3%
119,878,877 shares
Institutions 46.3%
161,979,134 shares

Adam Pandian

Tenure
Mr. Adam Pandian is Group Chief Executive Officer of Kawan Food Berhad since January 1, 2024 and was its Executive Advisor to the Executive Chairman & Head of Transformation since joining in April 2023 until January 1, 2024. He has management experience in commercial, supply chain and corporate roles, developing and implementing transformation strategies across various industries and organizations with a foundation in fast-moving consumer goods. Starting his career in Procter & Gamble in brand management, he moved on to several senior positions including Account Director for Leo Burnett, Regional Account Director for Saatchi & Saatchi, General Manager and Commercial Director for Keebler, and as Managing Director for Greater China and Southeast Asia for Kellogg.
Prior to joining Kawan in April 2023, he held Chief Operating Officer roles in various divisions within the Hap Seng Group as well as corporate roles within the Group MD’s office where he served in change management, business turnarounds and driving group synergy across operating divisions. He finished Advanced Management Program by Prof. Peter Doyle, University of Warwick; Creating Competitive Advantage by Prof. Karl Moore, Oxford University; Strategic Management for HiPos, by Saatchi & Saatchi; Leaders developing Leaders Program, Kellogg Leadership Academy; Kellogg Leadership coaching; Howard Epstein (New York) and Graham Richardson (Sydney). He has Bachelor of Business Administration from National University of Singapore.

Recent management updates

Kawan Food Berhad Appoints Adam Pandian as Group Chief Executive Officer, effective 01 January 2024
Dec 30

Cash Flow Coverage: With its low cash payout ratio (24.5%), KAWAN's dividend payments are well covered by cash flows.

Earnings Coverage: With its reasonably low payout ratio (43.1%), KAWAN's dividend payments are well covered by earnings.

Stable Dividend: KAWAN's dividends per share have been stable in the past 10 years.

Growing Dividend: KAWAN's dividend payments have increased over the past 10 years.

Key information
2.0%

Dividend yield

43%

Payout ratio

Industry average yield 2.7%
Next dividend pay date 02 Apr 24
Ex dividend date 20 Mar 24
Dividend per share RM0.036
Earnings per share RM0.086
Dividend yield forecast in 3Y 2.8%

Debt Level: KAWAN has more cash than its total debt.

Reducing Debt: KAWAN's debt to equity ratio has reduced from 5.2% to 0.9% over the past 5 years.

Debt Coverage: KAWAN's debt is well covered by operating cash flow (1582.3%).

Interest Coverage: KAWAN's interest payments on its debt are well covered by EBIT (120.4x coverage).

Short Term Liabilities: KAWAN's short term assets (MYR235.6M) exceed its short term liabilities (MYR53.1M).

Long Term Liabilities: KAWAN's short term assets (MYR235.6M) exceed its long term liabilities (MYR14.5M).

Key information
0.9%

Debt to equity ratio

RM3.56m

Debt

Interest coverage ratio 120.4x
Cash RM113.54m
Equity RM393.17m
Total liabilities RM67.54m
Total assets RM460.71m

Kawan Food Berhad Balance Sheet Health
Financial Health criteria checks 6/6

Kawan Food Berhad has a total shareholder equity of MYR393.2M and total debt of MYR3.6M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are MYR460.7M and MYR67.5M respectively. Kawan Food Berhad's EBIT is MYR25.0M making its interest coverage ratio 120.4. It has cash and short-term investments of MYR113.5M.

Financial Health Score 6/6

Short Term Liabilities

Long Term Liabilities

Debt Level

Reducing Debt

Debt Coverage

Interest Coverage

ROCE
Last Year 6.1%
3 Years Ago 8.8%

ROA
Company 6.6%
Industry 5.5%

Earnings Trend: KAWAN's earnings have grown by 15.3% per year over the past 5 years.

Quality Earnings: KAWAN has high quality earnings.

Revenue vs Market: KAWAN's revenue (8.2% per year) is forecast to grow faster than the MY market (5.6% per year).

Earnings vs Savings Rate: KAWAN's forecast earnings growth (16.6% per year) is above the savings rate (3.5%).

Earnings vs Market: KAWAN's earnings (16.6% per year) are forecast to grow faster than the MY market (11.5% per year).

Below Fair Value: KAWAN (MYR1.81) is trading below our estimate of fair value (MYR5)

Significantly Below Fair Value: KAWAN is trading below fair value by more than 20%.

Share Price vs Fair Value
What is the Fair Price of KAWAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

63.8%
Undervalued
Current Price
RM1.81
Fair Value
RM5.00

REWARDS
Trading at 63.8% below our estimate of its fair value
Earnings are forecast to grow 16.63% per year
Pays a reliable dividend of 1.99%

Name: Senheng New Retail Berhad
Ticker: SENHENG
Exchange: KLSE
Founded: 1989
Industry: Computer and Electronics Retail
Sector: Retail
Market Cap: RM442.500m
Shares Outstanding: 1.50b
Website: https://www.senheng.com

Top Shareholders
Top 25 shareholders own 82.76% of the company
Ownership Name Shares Current Value Change % Portfolio %
58%
Sq Digital Sdn Bhd 869,600,000 RM256.5m 0% no data
5.68%
Kim Heng Lim 85,155,600 RM25.1m 0% no data
5.53%
Kim Chieng Lim 82,990,600 RM24.5m 0% no data
5.42%
Kim Yew Lim 81,300,000 RM24.0m 0% no data
1.33%
CIMB Group Holdings Berhad, Asset Management Arm 20,000,000 RM5.9m 0% 0.45%
1.3%
Eastspring Investments (Singapore) Limited 19,518,300 RM5.8m 0% 0.01%
1.1%
Employees Provident Fund of Malaysia 16,567,600 RM4.9m 0% no data
0.74%
Norges Bank Investment Management 11,148,800 RM3.3m 0% no data
0.62%
Great Eastern Life Assurance (Malaysia) Berhad, Insurance Investments 9,368,700 RM2.8m 0% 0.03%
0.53%
Yayasan Islam Terengganu, Endowment arm 8,000,000 RM2.4m 0% 4.08%
0.42%
PHEIM Asset Management Sdn Bhd 6,281,300 RM1.9m 0% 0.96%
0.33%
Majlis Agama Islam Negeri Sembilan 5,000,000 RM1.5m 0% no data
0.32%
Lembaga Tabung Haji, Endowment Arm 4,758,500 RM1.4m 0% 0.01%
0.2%
Kuan Weng Chin 3,002,100 RM885.6k 0% no data
0.2%
Kam Sun Shin 3,000,000 RM885.0k 0% no data
0.16%
Kumpulan Wang Persaraan 2,378,700 RM701.7k 0% no data
0.13%
Wee Chai Lim 2,000,000 RM590.0k 0% no data
0.13%
Seong Pow Chia 2,000,000 RM590.0k 0% no data
0.13%
Choon Lian Kuan 2,000,000 RM590.0k 0% no data
0.13%
Dzuhairi Bin Jaafar Thani 1,963,800 RM579.3k 0% no data
0.13%
Mediliance (M) Sdn. Bhd. 1,940,000 RM572.3k 0% no data
0.13%
CVC Capital Partners Limited 1,934,500 RM570.7k 0% no data
0.067%
Daiwa Asset Management Co., Ltd. 998,600 RM294.6k 0% no data
0.016%
Ler Tan 240,000 RM70.8k 0% no data
0.016%
Kim Ho 240,000 RM70.8k 0% no data

Ownership Breakdown
Institutions 6.73%
100,955,000 shares
General Public 17.2%
258,132,900 shares
Individual Insiders 17.6%
264,372,100 shares
Private Companies 58.4%
876,540,000 shares

Key information
4.7%

Dividend yield

27%

Payout ratio

Industry average yield 3.7%
Next dividend pay date n/a
Ex dividend date n/a
Dividend per share RM0.014
Earnings per share RM0.017
Dividend yield forecast in 3Y 4.7%

Debt Level: SENHENG has more cash than its total debt.

Reducing Debt: SENHENG's debt to equity ratio has reduced from 19.3% to 13.1% over the past 5 years.

Debt Coverage: SENHENG's debt is well covered by operating cash flow (22%).

Interest Coverage: SENHENG earns more interest than it pays, so coverage of interest payments is not a concern.

Short Term Liabilities: SENHENG's short term assets (MYR509.0M) exceed its short term liabilities (MYR246.6M).

Long Term Liabilities: SENHENG's short term assets (MYR509.0M) exceed its long term liabilities (MYR107.1M).

Key information
13.1%

Debt to equity ratio

RM71.50m

Debt

Interest coverage ratio -51.9x
Cash RM104.80m
Equity RM544.08m
Total liabilities RM353.67m
Total assets RM897.75m

Financial Health criteria checks 6/6

Senheng New Retail Berhad has a total shareholder equity of MYR544.1M and total debt of MYR71.5M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are MYR897.8M and MYR353.7M respectively. Senheng New Retail Berhad's EBIT is MYR33.6M making its interest coverage ratio -51.9. It has cash and short-term investments of MYR104.8M.

Financial Health Score 6/6

Short Term Liabilities

Long Term Liabilities

Debt Level

Reducing Debt

Debt Coverage

Interest Coverage

Quality Earnings: SENHENG has high quality earnings.

Price-To-Earnings vs Peers: SENHENG is good value based on its Price-To-Earnings Ratio (17.4x) compared to the peer average (21.5x).

Ownership Type (As of Latest Filing)
TYPE INVESTORS % O/S POSITION (M Shares) VALUE(M USD)
Corporation 4 58.64 879.65 169.53
Individual Investor 17 17.64 264.47 50.97
Investment Advisor 8 2.72 40.81 7.75
Mutual Fund 27 2.61 39.25 5.38
Insurance Company 1 1.4 20.97 4.04
Sovereign Wealth Fund 1 0.69 10.41 2.01
Government Agency 1 0.53 8.00 1.54
Pension Fund 1 0.17 2.50 0.48

TOP 10 Investors (As of Latest Filing)
INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE FILING SOURCE
SQ Digital Sdn. Bhd. 57.97 869.60 869.60 167.59 31-Mar-2022 Other Substantial/Declarable
Lim (Kim Heng) 5.59 83.80 83.80 16.15 31-Mar-2022 Malaysia Insider
Lim (Kim Chieng) 5.45 81.80 81.80 15.76 31-Mar-2022 Malaysia Insider
Lim (Kim Yew) 5.42 81.30 81.30 15.67 31-Mar-2022 Malaysia Insider
Great Eastern Life Assurance (Malaysia) Berhad 1.40 20.97 20.97 4.04 31-Mar-2022 Other Substantial/Declarable
Employees Provident Fund (EPF) 0.92 13.83 13.83 2.67 31-Mar-2022 Other Substantial/Declarable
Eastspring Investments Berhad 0.78 11.70 11.70 2.25 31-Mar-2022 Other Substantial/Declarable
Statens Pensjonsfond Utland 0.74 11.14 11.14 1.53 31-Dec-2022 MF
Eastspring Investments Small-cap Fund 0.69 10.32 0.00 1.42 31-Dec-2022 MF
Norges Bank Investment Management (NBIM) 0.69 10.41 10.41 2.01 31-Mar-2022 Other Substantial/Declarable

buy3. Analyst Consensus
Consensus Target PriceRM0.62
DifferenceRM0.33
Potential Gain/Loss (%)113.79%
Consensus Date25 Nov 2022
Outperform

https://www.bursamarketplace.com/mkt/themarket/stock/SENH

bottom fishing price hahaha

at current dirt cheap price, the mgmt would have approached some fund mgrs to buy their shares. i think the fund mgrs would have given them some tips for improvements. stay invested.. dirt cheap indeed

April 30, 2024 expires :)

5305CG SENHENG-CG SENHENG-CG: CW SENHENG NEW RETAIL BERHAD
Listing Information & Profile for Structured Warrants
Instrument Category : Structured Warrants
Instrument Type : CALL WARRANTS
Description : European Style Non-Collateralised Cash Settled
Underlying Stock : SENHENG NEW RETAIL BERHAD
Issuer : MAYBANK INVESTMENT BANK BERHAD
Stock Code : 5305CG
Stock Short Name : SENHENG-CG
ISIN Code : MYL5305CGY40
Board : Structured Warrants
Sector : CONSUMER PRODUCTS & SERVICES
Initial Listing Information :
Listing Date : 08/05/2023
Term Sheet Date : 05/05/2023
Issue Date : 05/05/2023
Issue / Ask Price : Malaysian Ringgit (MYR) 0.1500
Issue Size in Unit : 100,000,000.0000
Maturity Date : 30/04/2024
Name of Guarantor: Not Applicable
Name of Trustee: Not Applicable
Coupon/Profit/Interest/Payment Rate: Not Applicable
Coupon/Profit/Interest/Payment Frequency: Not Applicable
Redemption: Not Applicable
Exercise/ Strike/ Conversion Price : Malaysian Ringgit (MYR) 0.5800
Revised Exercise/ Strike/ Conversion Price :
Exercise/ Conversion Ratio : 0.5:1
Revised Exercise/ Conversion Ratio :
Settlement Type/ Convertible into : Cash
Name and contact details of the market maker (if applicable) : Equity &
Commodity Derivatives c/o Maybank Investment Bank Berhad 32nd Floor, Menara
Maybank 100, Jalan Tun Perak 50050 Kuala Lumpur Tel: 03-2059 1888
Circumstances under which the market maker may not be able to provide quotes
(if applicable) : Please refer to Section 4.4 of the Base Prospectus dated 8
December 2022.
Remarks :
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

05/05/2023 07:00 AM


Ref Code: 202305053000027

Last Price

0.29

Avg Target Price

0.90

Upside/Downside

+0.61 (210.34%)

https://klse.i3investor.com/web/stock/analysis-price-target/5305

In **Malaysia**, consumer spending is expected to exhibit resilience in **2024** despite the weakening of the ringgit against the US dollar. Here are some key points:

1. **Improving Labor Market**: The ongoing improvement in the labor market plays a pivotal role. The anticipated jobless rate is projected to average **3.2%** in 2024, slightly down from **3.4%** in the previous year. This positive trend reinforces robust consumer confidence.

2. **Manageable Inflation**: The manageable inflationary pressure, projected by the Finance Ministry at **2.1% to 3.6%**, adds stability to the economic landscape. Individuals can make informed purchasing decisions without excessive price hikes.

3. **Distributive Trade Index (DTI)**: In January 2024, Malaysia's DTI increased by **3.5%** year-on-year. The positive momentum is driven by an improved labor market and manageable inflationary pressures. Gains were observed across retail trade, motor vehicles, and wholesale trade.

4. **Sales Growth Outlook**: Kenanga Research projects overall sales growth to accelerate in 2024, driven by strong domestic demand and a stable, lower unemployment rate. They maintain a forecast of an **8%** increase in DTI, up from **7.7%** in 2023.

5. **Gross Domestic Product (GDP)**: RHB Research maintains an optimistic view of the manufacturing sector, expecting a rebound. The export-oriented segment, buoyed by technology upswing and China's gradual economic recovery, contributes to the overall growth outlook.

In summary, while external factors like currency fluctuations exist, Malaysia's consumer spending resilience remains supported by labor market improvements and inflation management¹³. 🌟💰

29/36.27 is ~20% below the net book value for a retailing group. dividend yield of 4.14%. 29/107~73% before its IPO price of RM1.07